Risk & Probability

No-Vig Fair Odds Calculator

The house always wins because they artificially inflate probabilities. Remove the Vig from any two-way market to discover the true, mathematically fair betting line.

Last updated: February 24, 2026

Converts American odds to exact Implied Probabilities
Calculates the bookmaker's exact margin (Juice/Overround)
Crucial for finding +EV (Expected Value) opportunities

Trying to determine if your trading strategy is profitable? Calculate Break-Even Rate

Fair Odds Calculator
Ready
Input the two-way American odds from an online sportsbook to strip away the built-in margin and find the mathematically "fair" line.

American odds (e.g. -110)

American odds (e.g. +100)

Fair True Odds (No-Vig)

Side 1

+100

50.0% implied

vs

Side 2

+100

50.0% implied

Total Implied Target

104.76%

Bookmaker's Margin

4.76%

The Mathematics of the Sportsbook

The Overround
Summing past 100%.

A fair coin flip has a 50% chance of Heads and a 50% chance of Tails. The probabilities add up to precisely 100%. A sportsbook offers -110 on both sides. Evaluated mathematically, -110 implies a 52.4% probability. 52.4 + 52.4 = 104.8%. This excess 4.8% is called the overround.

Implied Normalization
Filtering the noise.

To find the true probability, we must scale those inflated, vig-heavy probabilities back down so they equal 100%. If Team A's vig-inflated probability is 60% and Team B's is 45% (Total 105%), dividing 60 by 105 gives Team A a mathematically true win probability of 57.14%.

Expected Value (+EV)
The path to profitability.

Why do this? You use the No-Vig calculator on the sharpest sportsbook in the world to find what the "True Line" is. If the sharp book says the True Line is -130 (56.5% chance), but your local sportsbook is offering -115 (53.5% implied), you have a mathematical edge over your local book.

Frequently Asked Questions

Hunt For Value

Stop betting blindly. Share this fair-odds calculator with your trading syndicate or betting group to ensure you're only taking mathematically sound positions.

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Suggested hashtags: #SportsBetting #ExpectedValue #PlusEV #MatchedBetting #MathFinance

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