# Canelo vs Crawford - Live Boxing Odds & Predictions

### Implied Probability

Implied Probability

### Definition

The win probability suggested by the odds, converted into a percentage. It shows how often the outcome must occur for the odds to break even. Comparing implied probability to your own estimated probability helps identify value bets.

### Formula

### Example

Odds of +160 have an **implied probability** of $100/(160+100) ≈ 38.5\%$. Odds of -160 imply $160/(160+100) ≈ 61.5\%$. If you believe an underdog has a higher chance to win than the implied probability, it might be a value bet.