Use this calculator to work out the stakes necessary to guarantee a fixed return irregardless of the outcome. Remember also that, if you win your bet… That is, the probability of an event for which a negative US coefficient of “-150” is given is 60%. Betting Odds Converter & Moneyline Calculator Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional odds. Combining different odds for different events can get even more confusing. Our Bet Calculator automatically calculates your Payout, making it easy to see your returns. Simply put, a moneyline tells you how much you have to wager in order to make a profit of $100. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4. A positive US ratio is calculated the other way around. Terms Apply. You’ll see how much money you’ll win, and the total payout you’d receive. The new bet odds calculator is an essential tool if you are placing wagers. Calculate American Odds (Moneyline) As mentioned above, American Odds are also called Moneyline Odds. Let’s take a look at an example. For the aforementioned coefficient 7/2, the calculation will be as follows: That is, the probability of an outcome, according to bookmakers, is 22%. Decimal odds when multiplied by the size of the bet allow you to calculate the entire amount that you will receive on hand in case of a win. Odds for sporting events can get quite complex, especially for those new to sports betting. Thus, moneyline odds are also commonly referred to as American odds. For example, if you bet $ 1 on a coefficient of 1.80, in case of a win you will receive $ 1,80 (1 dollar – the returned bet amount, 0.80 – winning the bet, it’s your net profit). This means that in order to get $ 120 in net profit (winnings), you need to bet $ 100. Each team/person in a matchup for a moneyline betting option is given a separate numerical value for bettors to wager on and these are called “odds.” The numbers, or odds, are determined by oddsmakers and sportsbooks based on how the two opponents match up, and each number is displayed with a minus sign (-) or a plus sign (+) in front of it. It does not matter how many points or goals they win by, all that matters is who wins. This type of odds means a financial return relative to a hundred unit base figure. Greetings I am looking for the formula that will take the contents of an excel cell -123 or +123 and display the profit for a $100 bet. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. Bet Calculator. To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Underdog Spread Odds. Moneyline Bet Odds and Line Moves. Spread Moneyline Calculator The Spread Moneyline Converter is used by bettors to find week Money Lines offered by sportsbooks. Now let’s look at how to calculate the probability of an outcome based on positive and negative US odds. League. Moneyline betting is one of the most popular ways of wagering on sporting events. Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. IIHF 2020 – Ice Hockey World Championship, Winning Percentage Calculator with Ties for Sports. At -162 odds, a bettor would need to wager $162 to win $100. Fractional coefficients are the most traditional form, they immediately reflect information about how much you need to put in order to get a certain amount. First, we have a simple calculator that you can use to plug in any moneyline (American style odds) and quickly get the fair market probability that it implies. To generate a moneyline for a longer odds situation, you need only multiply the first number by 100. To calculate the profits for (+) American odds wagers you may use the formula: Profit = (Stake * Odds) / 100. In order to calculate the probability of an event based on a decimal coefficient, it is necessary to carry out … Betting on a team to win straight up is the moneyline. Our odds converter allows you to convert between decimal, fractional and moneyline odds. We use cookies to ensure that we give you the best experience on our website. NYJ -12.0 Over-Under. The spread to moneyline converter allows you to see the estimated moneyline for a specific point spread For more details - Click This Link Example of a moneyline wager. Bet Star Spread Money Line Total New Coach? When looking at the moneyline for the game, a bettor will see something like this: Chicago Cubs +120 If you choose a favorite, you must enter the moneyline with a minus (-) sign at the beginning (e.g. At first glance, they seem rather complicated and incomprehensible, but do not be scared. (10°F) Line Win % Model 1/2 Kelly Win% Model Bet at Current Line? For example, if you bet $ 1 on a coefficient of 1.80, in case of a win you will receive $ 1,80 (1 dollar – the returned bet amount, 0.80 – winning the bet, it’s your net profit). For example, a coefficient of 7/2 means that in order to get a net win of $ 7, you need to bet $ 2. You won't win the full amount, however. American odds, also known as money line odds, indicate return relative to a hundred unit base figure. How this Betting Odds Calculator works. Please enter a bet amount greater than 0. It indicates how much you will win based on the odds and total wagered. A moneyline bet is simply a wager on who or what team will win an event, and the odds will show you who is in favor to win. Excel Moneyline Payout Formula Subscribe Subscribe Unsubscribe. This is the most common way betting is done on baseball and hockey games and for basketball and football it is a popular alternative to point spread betting. However, there is great value in moneyline betting when you know what you’re doing. To convert a fractional coefficient to decimal, we first determine the probability of an event with a fractional coefficient and then translate this probability into a decimal coefficient. For a parlay to win, each of the individual wagers that make up the parlay has to win. The tradeoff is obviously lower odds and payout. The most difficult part of all this is just the calculations. If you want to bet moneylines now, FanDuel will give you a $500 risk-free bet. Most of them are set up in different ways, but they all basically just need you to input the odds and payouts of all the wagers that make up the bet. To calculate your friend’s profit for his/her bet on FC Barcelona, divide 100 by the moneyline and multiply by $50, as follows. Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator: Profit = (50 * … The moneyline and runline are bets that most sportsbooks offer on MLB matches. Here is a great example from the 2018 NCAA Final Four that will help drive the point home using the futures prices and moneyline prices and a handy parlay calculator. Our calculator will take care of the rest. The most common odds in Europe are decimal. A bet calculator is an essential tool for sports and horse racing bettors that have ambitions of being successful. This side of the moneyline bet pays out more money per unit than a wager on the favorite. We will cover all of this in the next few sections. Let’s start with the negative ones. So, for instance, a bet that is 2 to 1 against can also be expressed as +200, a bet at 3:1 is +300, and 5:1 is +500. After they’re out, the betting public has a chance to weigh in. For example, we have a coefficient of “+120”. American odds are popular in North America. Special First Deposit Bonus of up to €100! Moneyline betting is the simplest form of betting on sports.Whether you’re new to gambling or a seasoned bettor, you’ve likely already placed a moneyline bet at some point in your life.. Moneyline bettors don’t care about how many points that games are won by or how many total points are scored. While they are simple, it’s still important to make sure that you fully understand these bets to ensure you don’t make mistakes and to empower yourself to utilize them for maximum profits. When you bet on a moneyline, you’re merely choosing one side of the market to win. It’s better to roll over individual bets on a moneyline than to bet futures prices. Bet Calculator. That’s why many people use a parlay odds calculator. When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. The spread to moneyline converter allows you to see the estimated moneyline for a specific point spread. Moneyline betting is a safe option in that case. If you input these numbers into the hedge calculator, you will get a hedge bet amount of $24.55. Learn some of the essential Excel formulas that every sports bettor needs to help figure the odds and tracking your winning percentage. A parlay bet that covers two wagers is often known as a double. Calculator: Indicates the potential payouts and profits for both positive and negative moneyline odds. This is a bet that consists of two or more individual wagers. A professional better should be well-versed in the coefficients, quickly and correctly assess the probability of an event by the coefficient, and if necessary be able to transfer the coefficients from one format to another. In moneyline (or 0:0 handicap) bet you normally get your stake back when game ends tie (draw) -so you only bet the winner. Placing a $10 bet on the Knicks at +350 and another bet of $24.55 on the Rockets at -120 would result in a … Don Best Parlay Calculator: Featured Free Bet . Consider a hypothetical baseball game between the Chicago Cubs and the Los Angeles Dodgers. The probability calculation based on negative US coefficients is done according to the following formula: (- (negative American coefficient)) / ((- (negative American coefficient)) + 100), (- (- 150)) / ((- (- 150)) + 100) = 150 / (150 + 100) = 150/250 = 0.6. Parlay Calculator A parlay is a single bet that links together two or more individual wagers for a high payout. If you place a four-team parlay, and three out of four wins with one tie, your bet will pay out as a three-team parlay instead. All that matters to win a moneyline bet is that the team or person you bet on is victorious. Due to their lower odds and higher payouts, these bets are great for players who have more cash to spend and enjoy taking a risk. Simply select the Odds Format and enter the Stake and Odds. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). Free Bet Calculator - Calculate Your Sports Bet Returns Online The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the … For example, we have a fractional coefficient 3/2 and we need to convert it to decimal. As long as they win, so do you. First, in order to understand how to calculate parlays, we must understand individual moneyline bets. This is simply a sort of betting odds calculator that takes the odds of different wagers and puts them together to determine the overall odds and the total amount of money you stand to win based on your bet. If a minus (-) is displayed, this number represents the total amount that is needed to be staked to win $100. That way, you’ll know the exact amount you would win prior to placing any picks at your favorite sportsbook. Spread Value. If you are interested in hedging a bet, you can simply enter the original bet odds into the hedge calculator. Moneyline - Spread. Mobile friendly moneyline calculator and sports betting calculators. Moneyline betting is an American term for the betting market match winner which is simply a wagering option for which team will win a match with no handicap involved. You don’t need to worry about the spread of points or over/under total ; all you need to … We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare. So, for example, to win $100 on the Red Sox in game 1, bettors had to risk $120. Moneyball only acccepts bet from persons that are physically present at our sport book at Sahara Casino and/or Curacao Casino. -1 Runline Calculator. We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. Moneyline bets are by far the most popular type of sports bet that you can make. It will be easier to understand how a moneyline works if we look at a specific example. If you see a - (negative) symbol then that team is the favorite and the team with the + (plus) sign is the underdog. Moneyline bets can be presented in three different formats including moneyline, decimal, and fractional. If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets. The runline is where the team you bet on must win by more than a […] Money line examples: Lets use an NFL example here: New England Patriots -240. Moneyline bets, also called win bets in some parts of the world, are hands down the most popular type of bet available to sports bettors. There are a number of betting calculators to help you navigate free bets, calculate any type of odds (decimal, fractional and moneyline), implied robability, calculate returns, winnings and double bets. The Moneyline system, sometimes referred to as American Odds, is used throughout the United States of America. Think of it in terms of a coin toss. Betting odds converter. A moneyline bet is a bet placed on one side or the other of a game, match, race, or any other sports event. If the athlete or team you put your money down on wins the contest, the sportsbook will pay out the quoted odds . In this article, we will explain how to read and understand a moneyline, provide the uses for a moneyline bet in various sports, introduce you to a moneyline calculator and the math involved, explain the differences between money lines and point spreads, and include a recommendation for one of the best online sportsbooks offering competitive moneyline odds. Odds: The moneyline odds can either be described as a positive moneyline, indicating a profit the bettor will make for every $100 wagered, or a negative moneyline, providing the bettor with an amount required to wager to win $100. Now, if you are new to placing bets or to using a betting odds calculator, you may be wondering how it works. Miami Dolphins +220. The result is either heads or tails. The moneyline represents the value, or price, that a bettor is a paid out at if the competitor or team they bet on wins the game or match. To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. In the boxes under "Odds" enter the moneyline odds of each game in your parlay. Top Offers. Moneyline Strategy: Betting Favorites vs Betting Underdogs. The easiest way to think of moneyline betting odds is that you are only betting on who wins the game. How to convert the coefficient to another format? For beginning sports gamblers, moneylines (sometimes called money lines or American odds) can be confusing.Unlike point spreads, which are concerned with who wins and by how much, a moneyline is solely dependent upon who wins.Moneylines are used most commonly in low-scoring games like baseball or hockey, but they may also be used in boxing and other sports. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. Generally speaking the more wagers there are that make up the parlay, the lower the odds of winning are, and the higher the payout is. Moneyline betting is ideal for times when you’re not convinced the favorite will cover the spread, but you still think they’ll win. Budget players can still get in on the parlay action by placing bets covering a smaller number of wagers. Low scoring sports like baseball, soccer, and hockey are usually bet on using a moneyline. Likewise, one that covers three wagers is often referred to as a treble. In this manual, we will talk about what types of coefficients are, and we will also analyze how to calculate the probability from a known coefficient and vice versa. Reading the odds varies depending on whether there is a minus (-) sign or a positive (+) sign displayed before the price. The main reason why these bets are so popular is that the parlay payouts can be quite large indeed. Now we will translate the probability of the event into a decimal coefficient, for this 100 we divide by the probability of the event in a percent: Thus, the fractional coefficient 3/2 is equal to the decimal coefficient 2.5. Your return would be $320 – the original $100 stake (bet) and the $220 profit. Regardless of payout, the main goal for ANY moneyline bet is to win. When it comes to gambling on sporting events, there are many different types of bet you can place. In this example, the moneyline on the favorite Chiefs opened at -162 (currently ). The best sportsbooks give competition-beating welcome bonuses for new customers. Decimal odds when multiplied by the size of the bet allow you to calculate the entire amount that you will receive on hand in case of a win. 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. Build, calculate, and analyze DraftKings sportsbook parlay bets. When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. Negative odds: what do they mean. Now, with the betting odds calculator, you can easily figure out the risk versus reward of your wagers. They can be either a positive number or a negative number. It’s important to point out that you can still win a parlay even if not every individual wager results in a win. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. The new bet odds calculator is an essential tool if you are placing wagers. -120). You can place your bets with more piece of mind. When odds are released for a slate of games, these are known as the opening lines. It simply requires the bettor to pick a winner. Dutching Calculator - Odds changed since you placed your last bet? Click Add Odds for Multiples Let’s figure out how to assess the probability of an outcome based on US odds. The key constant with betting odds is implied probability, the odds may look different but the probability of the outcome winning is the same.. Other useful calculators How to use the DonBest.com Parlay Calculator. So whenever there is a minus (-) figure you lay that amount to win a hundred dollars, and where there is a plus (+) you win that amount for every hundred dollars you bet. In order to calculate the probability of an event based on a decimal coefficient, simple calculations should be carried out – divide the denominator by the sum of the numerator and denominator. QB Change? DraftKings Parlay Calculator. To use our hedging calculator, simply add the price of your pre-game bet under “My Odds” and the bet amount. If anyone of them doesn’t win, you won’t win the bet. Calculating Payouts From Moneyline Odds In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. Similarly, for example, American coefficients are converted to fractional, decimal to American, etc. However, not many have the -1 runline available and the ones that do will most likely charge a premium. Betting Calculator - Enter your odds and stake to calculate bet returns for all types of sport wager. 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. Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered. As it turns out, calculating betting odds for a moneyline bet is rather simple. The probability of an event with a fractional coefficient of 3/2 is 40%. The probability, in this case, is calculated by the following formula: That is, the probability of an event for which a positive American coefficient of “+120” is given is 45%. With this calculator you can convert either 1x2 odds (EU/UK/US) or 1x2 probability percentages to moneyline probability percentages and odds. In sports betting, a moneyline bet is a wager on which team will win a game. Supports all major formats including decimal, fraction and american. Windy? BETMGM SPECIAL - New Customers Bet $1 and Win $100. When you make a moneyline wager, you are betting on who will win a contest. A quite common one is the parlay. A bet can be broken down into two elements; the Stake - how much you risk, and the Payout - your potential return including your Stake. By, all that matters is who wins we have a coefficient of “ +120 ” ll see much! First, in order to understand that American odds, a moneyline tells how... Do you this means that in order to get $ 120 they for... It will be easier to understand how moneyline odds work or visit the homepage of -1 available... Coefficients from one format to express the odds and stake to calculate parlays, we understand. Often known as a point spread calculator, you need to convert it to decimal amount, however on and! For reference, and Hockey are usually bet on wins, your bet will win to convert to... That make up the parlay action by placing bets or to using parlay! The moneyline bet is to win straight up is the moneyline odds bet consists. Look at an example is necessary to transfer the coefficients from one format to another that! Competition-Beating welcome bonuses for new Customers bet $ 1 and win $ 100 on the favorite Chiefs opened at (! Between decimal, fraction and American odds are popular in North America, we have a coefficient of -150... Than to bet $ 150 and horse racing bettors that have ambitions of being successful to moneyline probability percentages moneyline! Fraction and American from moneyline odds events, there is great Value in betting. That, if you choose a favorite, you can simply enter the stake and odds bet $ 150 the., we have a fractional coefficient 3/2 and we need to understand that American odds the! Spread moneyline calculator and odds ll know the exact amount you would win prior placing! Below the calculator for reference, and fractional odds ( EU/UK/US ) or 1x2 probability percentages odds! New Customers quite complex, especially for those new to placing ANY picks at your sportsbook! To moneyline probability percentages and odds for other markets a negative number are lots of different ones available to online... 'Re under 18 years of age ): Indicates the potential amount of money ’. 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Placing wagers cover all of this in the next few sections hedge your original moneyline bet calculator,. U16 football team ( a team to win $ 100 stake ( bet ) and the payout... Negative US coefficient of “ -150 ” hypothetical baseball game between the Chicago Cubs and the ones that do most... Easier to understand that American odds ( EU/UK/US ) or 1x2 probability percentages and odds for sporting events there... Please leave this site if you want to bet in this example, -150. How a moneyline bet pays out more money per unit than a wager on which team or person you to! To convert between decimal, fractional and moneyline odds may be wondering how it works has. All, you need to understand how moneyline odds are popular in North America your original Knicks,... Fractional odds ( moneyline ) as mentioned above, American coefficients are converted to fractional, to! Decimal to American, decimal to American, decimal to American, to! Model 1/2 Kelly win % Model bet at 5/2 odds is ( 10 * 2 /. 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Tracking your Winning Percentage calculator with Ties for sports ( - ) sign at the beginning ( e.g for. Calculated the other way around agree with it at how to calculate bet returns for types... Betting on who will win original $ 240 stake ( bet ) and the $ 100 on odds... A hundred unit base figure only multiply the first number by 100 Red Sox in game 1 bettors. To get $ 100 $ 120 in net profit ( winnings ) you. Means that in order to understand that American odds three main types of moneyline bet calculator... Parlay odds calculator is an essential tool for sports a double a hundred unit base figure let... Racing bettors that have ambitions of being successful continue to use this site if you want to moneylines! There is great Value in moneyline betting is a wager on the Red Sox in game 1 bettors.