Implied probability
Implied probability is the break-even rate represented by a quoted price before adjusting for the sportsbook margin or comparing it with an independent probability estimate.
On Slam Wager Each game's Simulations page shows the break-even chance beside True Strength's own chance.
What it means
For positive American odds A, implied probability is 100 divided by A plus 100. For negative odds A, use the absolute value divided by the absolute value plus 100.
Opposing market probabilities often sum to more than 100% because prices include margin. A single quoted price is therefore not a no-vig forecast.
On each game's Simulations page, Slam Wager shows the break-even chance for every bet beside True Strength's own chance. The gap between the two is the edge.
Limits and responsible use
The conversion is exact for the displayed price but does not establish a predictive edge or future result.
Treat implied probability as a way to understand price, not a recommendation. Bet only where legal and only with money reserved for entertainment.