Odds & Probability: Betting odds represent the implied probability of an outcome.
For example, decimal odds of 2.00 = 50% probability (1 ÷ 2.00).
Juice/Margin: Sportsbooks add a margin (juice) to ensure profit.
Adjust the juice slider to see how it affects implied probabilities.
Simulation: We use probabilistic simulation to determine outcomes.
Single-run gives one result, Monte Carlo runs 1000+ simulations to show expected value and win rate.
Parlays: Multiple bets combined together. All legs must win.
Payout = stake × (odds₁ × odds₂ × ... × oddsₙ)
Disclaimer: This is a simulation tool for educational purposes.
No real money is wagered. Results are based on mathematical probability models.