Indeed, in Stockfish, a 100-centipawn advantage for a player is calibrated to mean "a 50% chance of a win (as opposed to a draw or a loss) from the current position" [0].
In endgame tablebases, the distinction can get interesting, since one player may in principle have a forced mate, but it would take so many moves that the opponent could force a draw by the 50-move rule.
[0] https://official-stockfish.github.io/docs/stockfish-wiki/Sto...