Implied Probabilities

Removing Juice

by John Ewing • July 6, 2016

Juice (or vig) is the amount charged by a bookmaker for taking a gamblers bet. This built-in edge helps sportsbooks make a profit. Depending on the type of bet, the commission that a book charges can vary. Last week we taught you how to calculate implied probabilities. This week we are going a step further […]

Implied Probabilities

by John Ewing • June 29, 2016

Knowing how to convert betting odds can be very helpful. If you don’t know how to calculate implied probabilities from betting odds you are hurting your chance of making a profit. Implied probabilities are useful whether you are betting on single games, futures, props or live wagering. To determine if one of these wager types […]