Implied Probability to Indonesian Odds Converter
How to Use Our Implied Probability to Indonesian Odds Converter
To use our Implied Probability to Indonesian Odds converter, simply enter your Implied Probability in the "Odds" input field.
The tool will automatically output your Indonesian odds 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 an Implied Probability to Indonesian odds
To convert an Implied Probability to Indonesian odds:
For percentages greater than or equal to 50%, (divide the percentage as a decimal by (1 subtract the percentage as a decimal)) and multiply this by -1. Example for 60%: (0.6 / (1 - 0.6)) * -1 = -1.5
For percentages less than or equal to 50%, (subtract the percentage as a decimal from 1) and divide this by the percentage as a decimal. Example for 40%: (1 - 0.4) / 0.4 = 1.5
Implied Probability and Indonesian odds Explained
Here are the basics of implied probabilities and Indonesian odds.
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%.
Indonesian Odds
Indonesian odds (Indo odds) work very similarly to American odds, but Indonesian odds use a stake of 1 to calculate payouts rather than 100. Indo odds must be greater than or equal to 1 or less than or equal to -1.
- Positive Indonesian odds are underdogs, with larger numbers being less likely to win. 1.1 Indo odds have an implied probability of 47.62%, and 3.0 Indo odds have a 25% implied probability. For positive Indo odds, a winning bet will profit the value of the odds for every $1 wagered. For example, a $1 bet at 1.5 Indo odds will profit $1.5 if you win.
- Negative Indonesian odds are favorites, with lower numbers being more likely to win. -1.1 Indo odds have a 52.38% implied probability, and -3.0 Indo odds have a 75% implied probability. For negative Indo odds, you must risk the absolute value of the odds to profit $1. For example, a $1.5 bet at -1.5 Indo odds will profit $1 if you win.
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