  A Neptune-sized exomoon candidate was recently announced by Teachey &
Kipping, orbiting a 287 day gas giant in the Kepler-1625 system. However, the
system is poorly characterized and needs more observations to be confirmed,
with the next potential transit in 2019 May. In this Letter, we aid
observational follow up by analyzing the transit signature of exomoons. We
derive a simple analytic equation for the transit probability and use it to
demonstrate how exomoons may frequently avoid transit if their orbit is larger
than the stellar radius and sufficiently misaligned. The nominal orbit for the
moon in Kepler-1625 has both of these characteristics, and we calculate that it
may only transit roughly 40% of the time. This means that approximately six
non-transits would be required to rule out the moon's existence at 95%
confidence. When an exomoon's impact parameter is displaced off the star, the
planet's impact parameter is displaced the other way, so larger planet transit
durations are typically positively correlated with missed exomoon transits. On
the other hand, strong correlations do not exist between missed exomoon
transits and transit timing variations of the planet. We also show that nodal
precession does not change an exomoon's transit probability and that it can
break a prograde-retrograde degeneracy.
