Below we work through an example of a bet of $100 at -110 moneyline odds. When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. A moneyline bet is a straightforward wager on which team will win a particular game. Nothing in the terms and conditions of any US legal online sportsbooks prohibits the use of a moneyline calculator. For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting. You can use it to compare the spread and the moneyline to see which option gives you the best value, and you can compare two or more sports wagering sites to find the one that offers the best true value on your bet. NFL point spread calculator to calculate the fair point spread odds for the point spread value obtained from the formula above. A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.). 381. Per the converter, you can expect the favorite to have a moneyline … Spread betting sees sportsbook operators level the playing field by giving the supposedly stronger team a handicap. 6. You can boost your bankroll by using this tool to find the actual moneyline value based on the spread, spot better prices and quickly seize upon them. Once again you would receive odds of -110, or -105 at a sports betting site with reduced juice lines, so your potential payout would be diminished. 5,419 Subscribers Subscribe. To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. Note that it is a curve that approaches, but will never get to $0. When a betting line is listed, it will contain the moneyline and spread information. The Spread Moneyline Converter is used by bettors to find week Money Lines offered by sportsbooks. For some events such as horse racing, US betting sites adopt fractional odds. For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. Want to learn more? When calculating the payouts from the moneyline format, we have to do things just a little differently depending on if the team or player is a favorite or underdog. Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 … Though this is probably considered the simplest type of bet, it can be confusing to understand how payouts work if you don’t know how to read odds. What was your saddest betting experience? Here is how the moneyline parlay is calculated: Convert the moneyline to decimal odds. Convert the amount wagered and the odds into possible winnings. The sportsbook offers every imaginable kind of wager across multiple sports. For example, … When should I use a moneyline bet calculator? So we’re here to break it down for you. First divide 100 by 165 (without the “-”), which yields 60.6. These are all safe, secure operators, with all rights reserved. I've tried putting it into a formula, but it gets all screwy, it's easier just to create a data-table or spreadsheet or array and use that to extrapolate your expected money-line. More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending. It is important to notice that multiplying by -1 is required to give us the positive payout: That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. Calculate how many points, runs or goals a team typically scores. as the odds increase, so does the profit. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations. If the sportsbook odds compilers think that Baltimore is a significantly stronger team, they might make Baltimore the -365 favorite, and Cleveland the +305 underdog.You would need to bet $365 to make a $100 profit by betting on Baltimore on the moneyline. However, you should stick to safe, reliable, trustworthy operators that have earned a strong score in the SBR rating guide. It is important to notice that multiplying by -1 is required to give us the positive payout: PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100). FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. Grab it from our widgets page for free! A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. While there is no exact way to calculate the point spread between two teams, you can use many statistics and variables to determine the point spread for a specific game when making a friendly wager. A moneyline bet in sports refers to a wager on the winning team. Cleveland could then win the game, or lose by up to 8 points, and you would still be paid out, with all rights reserved. Potential Profit = Stake x (Odds/100) Since you also get your stake back with a winning wager, this needs to be taken into account when calculating your total payout. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets. A $50 winning bet on the Rays yields $70 in profit and a $120 total return to the bettor ($70 profit plus the $50 original bet). For any favorite or underdog input, the calculator produces the implied probability of that team winning. How do I convert American odds to fractional odds? Calculating Payouts From Positive Moneyline Odds The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. Odds Converter. Home; Games Today; College Football; NFL; MLB; NBA; Calculators; Sportsbooks; Home. Suppose you wanted to put the Odds Coach Moneyline Calculator to work to decide how you wanted to bet on Game 1 of the 2020 World Series. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30). To make the most of this tool, it will pay to look around at different books that offer different odds. Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet. The spread to moneyline conversion sports betting calculator will then tell you:“Fave Win” – the implied probability of the favorite winning on the moneyline.“Fave Odds” – the fair moneyline price you should expect to receive on the favorite at sportsbooks based on the point spreads price quoted.“Fave Edge” – the edge sportsbooks are charging you by betting on the favorite.“Dog Odds” – the moneyline price you should expect to receive on the underdog at a sportsbook based on the spread it has quoted.“Dog Edge” – the edge sportsbooks are charging you by betting on the underdog. How the Spread Is Calculated in the Forex Market . : Legal US sportsbooks generally present several different ways to wager on sports. Fill in the dollar amount for your bet and the American Odds (for example -110) and calculate the implied probability and the return on the moneyline. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30). 2020 © Sportsbook Review. The Odds Coach Moneyline Calculator allows for quick calculations for any wager amount and payout odds. Fractional to moneyline . Choose the league you are betting on from NBA, NFL, college basketball and college football. Let’s work another negative example of a $100 bet at -150: Now let’s work through a positive money example. A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which … This format expresses odds in the form of fractions such as 4/1, which would be pronounced “four-to-one.” Four-to-one odds means that you will earn $4 for every $1 that you s… That goes on forever. The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. Click on “Calculate.”. Converts amount wagered and odds (positive or negative) into possible winnings. Win % – Percentage of wins required to show a profit at a given money line. What is the best online sportsbook in the US? The spread converter / moneyline converter tool would then tell you that you should expect to find moneyline odds of -284.8 on the favorite and a moneyline price of +225.2 on the underdog, based on that 6-point spread. Summary Using the formulas provided in this article you should now be able to convert a point spread to a money line, and vice-versa, for any NFL football game. ‘moneyline’ odds are used. Multiply the odds together by the stake of your bet. How to Identify the Moneyline . A $20 bet on Baltimore would therefore earn you a $5.48 profit if successful, whereas a $20 bet on Cleveland would earn you a $61 profit if successful. If the spread on a game, or even on a betting market for entertainment purposes, is pounded down during the build-up to the event, the moneyline might not be adjusted to the actual spread. All sportsbooks offer moneylines and spread betting opportunities on football, basketball and other sports, plus markets for entertainment purposes. The point spread is basically used to create a 50/50 betting proposition. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing. Use American odds (-110, +200, etc.) Spread: 6.0 5. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. Click “Calculate”. 5. If an underdog team has a spread of +2.5, the odds for that may be -160 whereas for them to win outright would likely be plus-money, maybe at +130. Spread Moneyline Calculator - Advertisement - Get in touch. Unlike points spread which is based on who wins and by how much, a moneyline bet does not consider points spread. Type in the odds on each side of the point spread bet. Moneyline Odds Calculator . All Conferences Top 25 American Athletic Atlantic Coast Big 12 Big Ten Conference USA FBS Independents Mid-American Mountain West Pac-12 SEC Sun Belt. The moneyline odds at FOX Bet can vary greatly versus some of its competitors, and bettors using a moneyline calculator tool gain a significant edge versus players that don’t. Skilled bettors look for value on moneyline bets by evaluating teams that have a better chance of winning than the implied probability of the odds might dictate. Decide whether you want to convert from point spread to moneyline, or vice versa. The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner. Underdogs. The moneyline underdog will always pay out at better odds than the favorite. It’s a little more complicated than that, but not much. Point spread betting differs from your over under or moneyline bets. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. The really important difference is that the line is linear. The odds for a favorite are lower than the odds for an underdog, enticing players to bet on the weaker teams. All you need to do is enter the spread, the juice on each side and choose the sport. You could then use our odds comparison tool. 2. Odds Coach Moneyline Calculator can be an indispensable tool to use for evaluating the odds and implied win probabilities at DraftKings Sportsbook. The charts below show two different money lines. Legal US sportsbooks generally present several different ways to, How To Use The Moneyline Calculator To Place A Sports Bet, Calculating Positive And Negative Moneyline Odds, The math used in calculating the payout on a. is pretty simple. That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting. Dog Odds: -110 7. It’s especially useful for evaluating the implied probability of winning and payout odds. To calculate the return to the bettor, add the “To Win” number to the original amount of the wager. Is online sports betting legal in the US? For instance, if the Dallas Cowboys have scored 350 points in 10 games, then the average is 35 points. The odds compilers at sports betting sites will weigh up the relative strengths and weaknesses of each team, factoring in injuries, fatigue, recent results, head-to-heads and so on. It’s important to remember that sports betting isn’t a zero-sum game, and you’ll be losing in the long run even if you win 50% of the time. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. The last two season's average moneyline to spread data table. Fave Odds: -110 6. View All Sportsbook Ratings & Compare Features. You would then be able to bet on Baltimore to cover the point spread, and the Ravens would have to win by 9 or more points in order to do so. You can find the Betting Calculators on the top bar of the home page or if you scroll down and check the right side of the home page. Convert From: Spread 3. See the point spread to money line conversion chart for a quick reference to these fair odds. Moneyline betting is one of the most popular ways to gamble on the NFL, and one of my favorites. The shady operators out there will commit copyright fraud and rip off their customers, but there are no safety, security, copyright or trust issues if you stick to one of the books that has received an A+ or an A rating in the SBR best sportsbooks guide, with all rights reserved. There’s no point spread with a moneyline bet. Fractional odds are most commonly found at racetracks or for futures bets when there are entire pools of participants that can possibly win. Yes. Moneyline Uses . A tool like the. Posted by 6 days ago. Follow these steps to get quick, clear results using the moneyline converter: 1. However, instead of odds of -365, you would expect to receive far more attractive odds of -110, or even -105 if the sportsbook offered reduced juice lines. Where can you find the moneyline at the sportsbook or online? Using this example, you could then enter the following into the moneyline converter: 1. If you find odds of +230 on the underdog at a rival sportsbook, that would represent good value. 4.Enter the spread that the sportsbook is offering. If the sportsbook was actually offering +220 on the favorite and -270 on the underdog, you would see that you are not necessarily receiving the correct value on the underdog, but that you have found a good moneyline on the favorite. Calculator: Converting Moneyline Odds into Win Probability. Skip the math and easily convert odds between Fractional, Decimal and American format: Want this widget for your site? In this example, the Celtics are theoretically just as likely to win by six points or more as the Grizzlies are to lose by less than six points. For example, +160 odds would be calculated as 100/(160+100)*100. In the example above, we're looking at a typical seven-point spread in the NFL with standard -110 juice on each side. Moneyline Odds Calculator. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). The substantially larger potential on Cleveland tells you that it is the clear underdog. Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. To convert +160 into fractional odds, for example, divide 160 by 100 (160/100) and reduce that fraction to the lowest whole number denominator. To calculate moneyline odds from decimal odds greater than 2.0, multiply the difference between the decimal odds and 1 by 100. 3,936 Fans Like. 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