Even -1,000,000 odds still yields some profit from a win: , note whether they are negative odds (for example -110) or positive odds (for example +120). 6. 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. Posted by 6 days ago. Moneyline Odds Calculator. The “To Win” output yields the profit produced if the Rays win. Calculator: Converting Moneyline Odds into Win Probability. 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. Bettors are just picking the winning side. 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. All you need to do is enter the spread, the juice on each side and choose the sport. For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. The moneyline bet calculator’s ability to display odds across multiple notation formats (American, Decimal, Fractional, Indonesian/Hong Kong, and Malay odds) allows bettors to compare lines across sportsbooks that use different notations. Using this example, you could then enter the following into the moneyline converter: 1. A Tampa Bay win in that situation is even more disastrous for the sportsbook. Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit. Odds Converter. If the bets coming in on a game are too one-sided, the line on the game will start to move to try to prompt more bets for the other side. All Rights Reserved. Point Spread: Money Line-2-130/+110-2.5-140/+120-3-155/+135-3.5-175/+155 … Let’s say that Cleveland is scheduled to take on Baltimore in an NFL game. This will typically be -110 on the favorite and -110 on the underdog, or -105 if you are using a reduced juice sportsbook. The moneyline equivalent to +2.5 points on the spread is roughly +125, while +3 points translates to roughly +140 on the moneyline. Let’s work another negative example of a $100 bet at -150: Now let’s work through a positive money example. 2020 © Sportsbook Review. 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. The sportsbooks mentioned above will also regularly offer attractive moneyline prices, as they vie for supremacy with one another in a competitive market, meaning that you can find plenty of bargains over the course of the season. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. The calculation changes based on if it is a positive or negative odd. A federal mandate known as the Professional and Amateur Sports Protection Act (PASPA) was overturned in May 2018, giving US states the legal clearance to offer state-regulated sports betting. 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. 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. Converts amount wagered and odds (positive or negative) into possible winnings. 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. Spread: 6.0 5. 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. 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. Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. A tool like the Odds Coach Moneyline Calculator can be an indispensable tool to use for evaluating the odds and implied win probabilities at DraftKings Sportsbook. What is the best online sportsbook in the US? The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved. One of the most important features of the Odds Coach Moneyline Calculator is the Implied Probability feature. They take responsible gambling very seriously. Moneyline bets are among the most popular in sports betting, and anyone new to the space should familiarize themselves with this wager type.. Below we’ll cover what a moneyline is, how to calculate your potential winnings on this bet type, and when to use it. Cleveland could then win the game, or lose by up to 8 points, and you would still be paid out, with all rights reserved. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). How to Identify the Moneyline . The biggest difference between a moneyline bet and a spread bet is that the former doesn't involve points. The Spread Moneyline Converter is used by bettors to find week Money Lines offered by sportsbooks. Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. We all love to bet on the spread, but sometimes the money line is offering better value. While it’s valuable to understand and be able to calculate favorite and underdog moneyline odds for all of the different odds notations, the moneyline calculator can save a significant amount of time and energy. It is one of the most important first steps to understanding sports betting and is crucial to success. If the team is an underdog, then the moneyline number represents exactly how much you would get paid in profit for a correct pick. FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. A moneyline bet is a straightforward wager on which team will win a particular game. 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. Note that it is a curve that approaches, but will never get to $0. If we stick with the example used above, you might find that Baltimore is the 8.5-point favorite in the spread. Underdogs. However, you would stand a far greater chance of success. Moneyline (US) odds. Yes. Point spread betting differs from your over under or moneyline bets. Where can you find the moneyline at the sportsbook or online? Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds. This is reflected in the odds, which are typically -110 on both sides of the wager. The alternative would be to bet on Cleveland +8.5 in this example of a spread bet. Sports Betting Calculators. To convert “-” odds, the formula looks like this: “-” odds / (“-” odds + 100)*100 = implied probability. Using American, decimal, fractional, Hong Kong, Indonesian, or Malay Odds, you can input the odds and the amount of a wager and see the payout that would come if the bet is a win. 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. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. 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. All sportsbooks offer moneylines and spread betting opportunities on football, basketball and other sports, plus markets for entertainment purposes. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30). Even -1,000,000 odds still yields some profit from a win: And here is a graph of profit for positive numbers. A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.). For example, here’s a look at a line offered by PointsBet on Game 1 of the 2020 World Series: PointsBet sets the Los Angeles Dodgers as the favorite in the game, with -165 moneyline odds. Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds. The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook. Note that it is a curve that approaches, but will never get to $0. NEW  – Sign up for the OddsCoach Playbook – Every Wednesday get our free online sports betting newsletter with everything you need to be a smarter, more informed bettor. If there are two teams and there is a spread of +6 and -6, betting on the favorite, which is the – spread, the score must be greater than the underdog’s score to win. 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… New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. That also means that you will be returned that amount AND your original bet, meaning you now have $190.91. However, you should stick to safe, reliable, trustworthy operators that have earned a strong score in the SBR rating guide. A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. Moneyline Uses . Decide whether you want to convert from point spread to moneyline, or vice versa. 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. Click on “Calculate.” The spread to moneyline conversion sports betting calculator will then tell you: “Fave Win” – the implied probability of the favorite winning on the moneyline. This converts to 100/260*100, which ends up yielding a 38.46% implied probability. (Money Lines) Assigned odds on the outcome of a game with no regards to a point spread. In the NFL, buying a half-point from +2.5 to +3 costs about 25 cents depending on the sportsbook. You can see a range of odds at-a-glance on our odds page. Final scores matter for both sports betting options, and sportsbooks will offer NFL odds on both spreads and moneylines, but it all comes down to where you think the betting value lies. Below we work through an example of a bet of $100 at -110 moneyline odds. Skip the math and easily convert odds between Fractional, Decimal and American format: Want this widget for your site? The substantially larger potential on Cleveland tells you that it is the clear underdog. Use American odds -110, +110, etc. Some of the best choices for online sports betting in the US include DraftKings Sportsbook, FanDuel Sportsbook, PointsBet, FOX Bet, and BetMGM. First divide 100 by 165 (without the “-”), which yields 60.6. 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. The odds for a favorite are lower than the odds for an underdog, enticing players to bet on the weaker teams. You can use this tool in conjunction with our up-to-date MLB odds, College football odds, NHL odds, NFL odds, NBA odds or NCAA Basketball odds to ensure that you gain maximum betting value. Breaking Odds. When should I use a moneyline bet calculator? So we’re here to break it down for you. as the odds increase, so does the profit. Spread Moneyline Calculator - Advertisement - Get in touch. Win % – Percentage of wins required to show a profit at a given money line. You can then use our moneyline converter to find the best value on offer on moneyline and spread betting markets. It is important to notice that multiplying by -1 is required to give us the positive payout: PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100). However for many sports and markets such as American Football, Boxing etc. Convert the amount wagered and the odds into possible winnings. These moneyline odds are generally used for an event with two outcomes. Looking for other calculators to use when sports betting? Examples:-120: (100/120) = 5/6-300: (100/300) = 1/3. Calculating Payouts From Positive Moneyline Odds The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. For example, … Is it legal to use a moneyline odds calculator? Fractional odds are most commonly found at racetracks or for futures bets when there are entire pools of participants that can possibly win. Sportsbooks like BetOnline, Bookmaker, Bovada, Heritage Sports, Intertops and YouWager offer competitive moneylines and spread betting markets, and they will pay you out on time if your football picks and other wagers prove to be successful. Odds Type: -110 4. Moneyline betting is one of the most popular ways to gamble on the NFL, and one of my favorites. Want to learn more? Check out: The math used in calculating the payout on a moneyline is pretty simple. ‘moneyline’ odds are used. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. : Legal US sportsbooks generally present several different ways to wager on sports. For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. When a betting line is listed, it will contain the moneyline and spread information. Amount to Bet $ Odds : Amount to Win $ Parlay Calculator . 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 … A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado. The point spread is basically used to create a 50/50 betting proposition. If you’re thinking of placing a parlay bet, it’s always a good idea to use a calculator to see exactly what the payout is 3,936 Fans Like. 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