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Poisson Distribution formula: P(x; ) = (e-) (x) / x! Just input the goal occurrences and team's scoring probability, and you all get the chances of each possible case.
Implied probabilities are calculated based on the odds of an event occurring. To calculate the implied probability, bettors have to simply divide 1 by the odds. For example, if a team has odds of 2.50, the implied probability would be 0.40 (1/2.50). This means that the team has a 40% chance of winning the game.
Odds of +200 mean you can winR$200 on aR$100 bet, but there's no quick way to determine the implied winning probability. If these odds appeared as fractional odds 2/1 you could quickly solve for the implied winning probability using this formula: Decimal / (Numerator + Denominator) x 100%
Odds with a negative (-) symbol indicate the betting favorite. The number that follows the negative symbol (the odds) reveals how much to bet for everyR$100 you want to win. For example, as explained above, if the team you're betting has -110 odds, you need to wagerR$110 to winR$100.