Malaysian Odds to Implied Probability Converter
How to Use Our Malaysian Odds to Implied Probability Converter
To use our Malaysian Odds to Implied Probability converter, simply enter your Malaysian odds in the "Odds" input field.
The tool will automatically output your Implied Probability after you've input valid odds.
It's also possible to change the "From Odds Format" and "To Odds Format".
Lastly, you may also want to check out our odds converter which let's you convert between Decimal, American, Fractional, Implied Probability, Hong Kong, Malaysian, and Indonesian odds all from one page!
How to Convert Malaysian odds to an Implied Probability
To convert Malaysian odds to an Implied Probability:
For Malaysian odds greater than 0, (divide 1 by (1 plus the odds)) and multiply this by 100. Example for 0.6 Malaysian odds: (1 / (1 + 0.6)) * 100 = 62.5%
For Malaysian odds less than 0, (divide the absolute value of the negative Malay odds by (1 plus the absolute value of the negative Malay odds)) and multiply this by 100. Example for -0.6 Malay odds: ((-0.6 * -1) / (1 + (-0.6 * -1))) * 100 = 37.5%
Malaysian odds and Implied Probability Explained
Here are the basics of Malaysian odds and implied probabilities.
Malaysian Odds
Malaysian odds or Malay odds are greater than or equal to -1 and less than or equal to 1.
- Negative Malay odds are underdogs. The lower the negative odds, the less likely they are to win. For example, -0.9 has an implied probability of 47.37%, and -0.5 has a 33.33% implied probability. To potentially profit $1, you have to risk the absolute value of the negative Malay odds. At -0.4 Malay odds, a winning $0.40 bet would profit $1.
- Positive Malay odds are favorites. The lower the positive odds, the more likely they are to win. 0.9 Malay odds have a 52.63% implied probability, and 0.5 Malay odds have a 66.67% implied probability. Positive Malay odds profit the odds' value for every $1 wagered. 0.4 Malay odds will profit $0.40 for every $1 wagered.
- Malay odds of 1.0 or -1 have a 50% implied probability and will profit $1 for every $1 bet.
Implied Probability
While sportsbooks don't typically express their odds in implied probabilities, all common odds formats can be converted to an implied probability. An implied probability is the percentage of times you'd need to win a bet (if you could bet it an infinite number of times) for that bet to breakeven.
For example, if your odds convert to an implied probability of 60%, your bet theoretically needs to win 60% of the time to breakeven. If it wins more than 60%, it'd be a profitable bet.
Keep in mind that sportsbooks add vig ("juice", "house edge", "tax", "fees", etc.) to their odds, meaning the implied probabilities of all outcomes for a scenario will have implied probabilities totaling greater than 100%.
More Odds Converters
See all of our converters below or check out our odds converter that let's you convert between all seven odds formats on one page!
- American
- Decimal
- Fractional
- Probability
- Hong Kong
- Malaysian
- Indonesian