Note that it is a curve that approaches, but will never get to $0. You could then use our odds comparison tool. Convert the amount wagered and the odds into possible winnings. 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. 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. First divide 100 by 165 (without the “-”), which yields 60.6. Works in reverse too. 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. That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. Here is how the moneyline parlay is calculated: Convert the moneyline to decimal odds. If you want to bet moneylines now, FanDuel will give you a $500 risk-free bet. 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. 4.Enter the spread that the sportsbook is offering. 5,419 Subscribers Subscribe. Check out: The math used in calculating the payout on a moneyline is pretty simple. 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. They will then assign a set of moneyline odds to each team. 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. A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which … Unlike multiple betting, point spread betting involves using a median number calculated by a bookmaker, when two teams are competing against each other. It is one of the most important first steps to understanding sports betting and is crucial to success. Sports Betting Calculators. Use American odds (-110, +200, etc.) Below we work through an example of a bet of $100 at -110 moneyline odds. (Note: Bettors can calculate odds of buying half points here.) This sports betting moneyline to spread converter tool helps you quickly find out if you are paying too much juice on either side of a spread bet. Where can you find the moneyline at the sportsbook or online? You can then use our moneyline converter to find the best value on offer on moneyline and spread betting markets. 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. 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. To calculate the return to the bettor, add the “To Win” number to the original amount of the wager. To make the most of this tool, it will pay to look around at different books that offer different odds. Some sites will prey upon individuals with a gambling problem, but the best sites help anyone with a gambling problem to self-exclude and gain the help they need. 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). How do I convert American odds to fractional odds? The odds for a favorite are lower than the odds for an underdog, enticing players to bet on the weaker teams. View entire discussion ( 7 comments) More posts from the sportsbook community. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. Note that it is a curve that approaches, but will never get to $0. ‘moneyline’ odds are used. 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. You would make a $305 profit if you bet $100 on Cleveland on the moneyline and the Browns went on to win the game. A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. Even -1,000,000 odds still yields some profit from a win: And here is a graph of profit for positive numbers. To convert “-” odds, the formula looks like this: “-” odds / (“-” odds + 100)*100 = implied probability. Multiply the odds together by the stake of your bet. This converts to 100/260*100, which ends up yielding a 38.46% implied probability. I like moneyline betting because it’s so straightforward: in simplest terms, moneyline betting strategy is just picking which team is going to win the game – straight-up.No handicaps, no line, no adjustments – just choose one team or the other. Examples:-120: (100/120) = 5/6-300: (100/300) = 1/3. See the point spread to money line conversion chart for a quick reference to these fair odds. Click “Calculate”. For -160 odds, for example, the calculation looks like 100/160, which reduces to 5/8 fractional odds. 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. Moneyline (US) odds. 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. For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. 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. 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. Or check out the sportsbooks below for the best odds. A moneyline bet in sports refers to a wager on the winning team. Moneyline odds are worked out to a bet of $100. 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. 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. Posted by 6 days ago. Dog Odds: -110 7. 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. Moneyline Odds Calculator . Calculating Payouts From Positive Moneyline Odds The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. Using this example, you could then enter the following into the moneyline converter: 1. For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. For example, +160 odds would be calculated as 100/(160+100)*100. The calculation changes based on if it is a positive or negative odd. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. The point spread is basically used to create a 50/50 betting proposition. Moneyline Odds Calculator. Breaking Odds. Win % – Percentage of wins required to show a profit at a given money line. Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others. 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. Unlike points spread which is based on who wins and by how much, a moneyline bet does not consider points spread. They take responsible gambling very seriously. 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. This moneyline converter helps you spot and capitalize upon weak moneylines at sportsbooks. The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. 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 … Calculator: Converting Moneyline Odds into Win Probability. All sportsbooks offer moneylines and spread betting opportunities on football, basketball and other sports, plus markets for entertainment purposes. Spread betting sees sportsbook operators level the playing field by giving the supposedly stronger team a handicap. The substantially larger potential on Cleveland tells you that it is the clear underdog. It is one of the most important first steps to understanding sports betting and is crucial to success. The calculation changes based on if it is a positive or negative odd. Convert From: Spread 3. When a betting line is listed, it will contain the moneyline and spread information. The charts below show two different money lines. Moneyline bets present the most straightforward way to wager on a sports contest. 2020 © Sportsbook Review. (Money lines) A type of bet in which you must only pick the winner of a game straight up, not dependent on what the "Sides" of the game are. The Odds Coach Moneyline Calculator can be used as a valuable resource on any moneyline bet. Odds Type: -110 4. 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. Now that we know how currencies are quoted in the marketplace let's look at how we can calculate their spread. as the odds increase, so does the profit. Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form (100/moneyline) -> simplest form. Yes. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others. In the NFL, buying a half-point from +2.5 to +3 costs about 25 cents depending on the sportsbook. To calculate moneyline odds from decimal odds greater than 2.0, multiply the difference between the decimal odds and 1 by 100. When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. Your sportsbook is offering odds of -110 on Miami +6 and -110 on New England +6 in a big NFL game. How do I convert American odds to implied probability? 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. Decide whether you want to convert from point spread to moneyline, or vice versa. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets. Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. The spread is another very popular betting line among sportsbook players. Grab it from our widgets page for free! So we’re here to break it down for you. The moneyline underdog will always pay out at better odds than the favorite. The sportsbook offers every imaginable kind of wager across multiple sports. American odds of +160 would convert to 8/5 fractional odds. 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. Spread: 6.0 5. Is online sports betting legal in the US? The long awaited parlay calculator is here! Let’s work another negative example of a $100 bet at -150: Now let’s work through a positive money example. Below is a graph of profit won on $100 bets for negative odds. 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). When you look at the point spread for these contests, you can quickly see which ones may have favorable moneyline odds. Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side. Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit. Some of the best choices for online sports betting in the US include DraftKings Sportsbook, FanDuel Sportsbook, PointsBet, FOX Bet, and BetMGM. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. If we stick with the example used above, you might find that Baltimore is the 8.5-point favorite in the spread. Let’s learn more about it. The -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Odds Coach moneyline calculator. To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. As an example, a point spread of 2.5 points or less is a good indicator of a tight game. That being the case, the moneyline odds will have decent value on both sides that’s worth exploring. 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. 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. The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. Are using a moneyline calculator breaks down the math on the Dodgers at -165 odds on the spread Ten USA... 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