Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form (100/moneyline) -> simplest form. 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 convert “-” odds, the formula looks like this: “-” odds / (“-” odds + 100)*100 = implied probability. There’s no point spread with a moneyline bet. A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.). 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. Spread: 6.0 5. New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. Multiply the odds together by the stake of your bet. That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting. The “To Win” output yields the profit produced if the Rays win. The calculation changes based on if it is a positive or negative odd. Enter the odds type you would like to use: American odds are US odds, decimal odds are referred to as Euro odds, fractional odds are not compatible. In the NFL, buying a half-point from +2.5 to +3 costs about 25 cents depending on the sportsbook. For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. The sportsbook offers every imaginable kind of wager across multiple sports. The spread to moneyline converter allows you to see the estimated moneyline for a specific point spread Below we work through an example of a bet of $100 at -110 moneyline odds. Moneyline Odds Calculator. All sportsbooks offer moneylines and spread betting opportunities on football, basketball and other sports, plus markets for entertainment purposes. As an example, a point spread of 2.5 points or less is a good indicator of a tight game. For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. If they won by 8 or fewer points, or lost the game, your bet would not pay out. Sports betting calculators, Over Under Calculator, Money Line Calculator, Odds Calculator, Spread Calculator . When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. In that case, you are returned your original bet plus profit, so you now have $220. See the point spread to money line conversion chart for a quick reference to these fair odds. Is online sports betting legal in the US? The really important difference is that the line is linear. The following page includes the OddsCoach.com MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets. The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook. 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. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. Win % – Percentage of wins required to show a profit at a given money line. If the team is an underdog, then the moneyline number represents exactly how much you would get paid in profit for a correct pick. 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. 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. First divide 100 by 165 (without the “-”), which yields 60.6. When a betting line is listed, it will contain the moneyline and spread information. What is the best online sportsbook in the US? When should I use a moneyline bet calculator? Fave Odds: -110 6. Type in the odds on each side of the point spread bet. Enter the amount you want to win and the odds to see the amount you need to wager. The top online sport betting brands in the US include the following: One of the biggest brands to emerge in the booming online sports betting industry, DraftKings Sportsbook offers mobile sports wagering in eight states. What was your saddest betting experience? 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. The alternative would be to bet on Cleveland +8.5 in this example of a spread bet. Sports Betting Calculators. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet. 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. The spread is another very popular betting line among sportsbook players. The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. 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. 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. The long awaited parlay calculator is here! League: NFL 2. For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. Click “Calculate”. You have to risk $110 for the chance of winning $100. 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 … Works in reverse too. Below is a graph of profit won on $100 bets for negative odds. You would make a $305 profit if you bet $100 on Cleveland on the moneyline and the Browns went on to win the game. 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. We all love to bet on the spread, but sometimes the money line is offering better value. The last two season's average moneyline to spread data table. You can use this moneyline and point spread calculator to work out the expected value you should enjoy in moneyline betting. This will typically be -110 on the favorite and -110 on the underdog, or -105 if you are using a reduced juice sportsbook. 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. The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. Besides baseball and hockey, moneylines are used for betting on other sports where a point spread becomes irrelevant, such as auto racing, boxing, soccer, and tennis. A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. 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. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30). sports betting; Betting Calculators. The substantially larger potential on Cleveland tells you that it is the clear underdog. Unlike multiple betting, point spread betting involves using a median number calculated by a bookmaker, when two teams are competing against each other. 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. Now that you know the most basic concept of handicapping NCAA football, the question you should be asking is, “Are moneyline bets profitable?” I’ve researched over 17,000 NCAA football games to try and find the answer. Converts amount wagered and odds (positive or negative) into possible winnings. Below we work through an example of a bet of $100 at -110 moneyline odds. Let’s learn more about it. The point spread is basically used to create a 50/50 betting proposition. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others. Bettors are just picking the winning side. Point Spread: Money Line-2-130/+110-2.5-140/+120-3-155/+135-3.5-175/+155 … How to Identify the Moneyline . 381. 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. Choose the league you are betting on from NBA, NFL, college basketball and college football. (Note: Bettors can calculate odds of buying half points here.) Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. 2020 © Sportsbook Review. All Conferences. When you look at the point spread for these contests, you can quickly see which ones may have favorable moneyline odds. How do I convert American odds to fractional odds? 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. : Legal US sportsbooks generally present several different ways to wager on sports. You should also try to find a sportsbook with reduced juice lines on spreads. Note that it is a curve that approaches, but will never get to $0. 4.Enter the spread that the sportsbook is offering. 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. 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. Spread Moneyline Calculator - Advertisement - Get in touch. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. Your sportsbook is offering odds of -110 on Miami +6 and -110 on New England +6 in a big NFL game. 3. Calculate how many points, runs or goals a team typically scores. All you need to do is enter the spread, the juice on each side and choose the sport. 11,261 Followers Follow. A Tampa Bay win in that situation is even more disastrous for the sportsbook. That also means that you will be returned that amount AND your original bet, meaning you now have $190.91. If we stick with the example used above, you might find that Baltimore is the 8.5-point favorite in the spread. 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. This is reflected in the odds, which are typically -110 on both sides of the wager. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. 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. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). Use this tool so you don’t miss out. That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. For example, +160 odds would be calculated as 100/(160+100)*100. Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others. American odds of +160 would convert to 8/5 fractional odds. To calculate moneyline odds from decimal odds less than 2.0, divide -100 by the difference between the decimal odd and 1. 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. How to Convert NCAAF Spreads to Moneylines & Calculating Value. Odds Type: -110 4. Want to learn more? That goes on forever. 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. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. While there are margins of victory in some of these, they are so small that it would be impossible to create a point spread for every game. 3,936 Fans Like. A moneyline bet in sports refers to a wager on the winning team. 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. One of the most important features of the Odds Coach Moneyline Calculator is the Implied Probability feature. Moneyline betting is one of the most popular ways to gamble on the NFL, and one of my favorites. 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. FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. Let’s say you bet $100 at +120. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. This moneyline converter helps you spot and capitalize upon weak moneylines at sportsbooks. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. 5,419 Subscribers Subscribe. A moneyline bet is a straightforward wager on which team will win a particular game. Calculating Payouts From Positive Moneyline Odds The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. 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. 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… A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which yields 1.4), multiplied by $50 (1.4*$50=$70). The Odds Coach Moneyline Calculator can be used as a valuable resource on any moneyline bet. Here’s another look at the lines offered on that game by PointsBet: To calculate a $50 moneyline wager on the Tampa Bay Rays, input $50 in the “Bet Amount” window and put “+140” in the “American Odds” window. Some of the best choices for online sports betting in the US include DraftKings Sportsbook, FanDuel Sportsbook, PointsBet, FOX Bet, and BetMGM. Decimal odds can be used to make a simple calculation of odds multiplied by wager amount to arrive at the total amount returned to the bettor. For -160 odds, for example, the calculation looks like 100/160, which reduces to 5/8 fractional odds. If you find odds of +230 on the underdog at a rival sportsbook, that would represent good value. Dog Odds: -110 7. The implied probability of -160 odds is a 61.54% chance of winning. Even -1,000,000 odds still yields some profit from a win: And here is a graph of profit for positive numbers. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved. Yes. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds. The -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Odds Coach moneyline calculator. NFL point spread calculator to calculate the fair point spread odds for the point spread value obtained from the formula above. Convert the amount wagered and the odds into possible winnings. The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner. Per the converter, you can expect the favorite to have a moneyline … 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. 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