Convert any odds format to implied probability instantly.
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Implied odds tell you the probability a sportsbook is pricing into their line. When you see -150 on a team, the book is saying that team has roughly a 60% chance of winning. Understanding this is the first step to finding value bets.
The formula is straightforward: for decimal odds, divide 1 by the odds. Decimal odds of 2.00 mean a 50% implied probability. For American odds, the math differs for favorites and underdogs but the concept is the same.
Sharp bettors constantly convert odds to probabilities. If a book implies 45% on an outcome but your model says 55%, that's a 10% edge — a significant value opportunity. This calculator saves you the mental math so you can focus on finding those edges.
Positive CLV means you bet at a better price than the close. Real example: an under taken at -119 that closed at -153 to -160, and how to check your own.
A sharp bet on PrizePicks is a leg big bettors paid more for elsewhere. Real example: $1,242 at -127 on an exchange, the same leg at -119 on PrizePicks.
One bettor followed $575k of whale money on Novig and won. Another is up $6,253.90 there in 2026. Both methods, with a live example of each.