Probability Guide

Model probability vs implied probability

Model probability and implied probability are two different ways of describing the same question: how likely is this player outcome?

The useful part is comparing them. A model can disagree with the bookmaker market, but that disagreement needs context before it becomes useful.

01

Model probability

Model probability is an estimate produced from available football data. It can include player rates, likely minutes, team style, opponent profile, referee tendencies and market-specific factors.

02

Implied probability

Implied probability converts bookmaker odds into a percentage. Decimal odds of 2.00 imply roughly 50% before accounting for bookmaker margin.

  • Lower odds imply a higher chance.
  • Higher odds imply a lower chance.
  • Bookmaker margins mean implied probabilities are not perfect neutral estimates.
03

Why the comparison matters

When the model probability is higher than the implied probability, there may be a positive market discrepancy. When it is lower, the market may be overpricing the outcome.

  • The comparison helps users understand price, not just likelihood.
  • Confidence and supporting context should still be reviewed.
  • One fixture should not be used to judge whether the model is calibrated.

Oddigo Workflow

See both probabilities in one place

Oddigo is built to make the model-versus-market comparison visible rather than hiding it behind a single recommendation.

Create an account