However, you should stick to safe, reliable, trustworthy operators that have earned a strong score in the SBR rating guide. This moneyline converter helps you spot and capitalize upon weak moneylines at sportsbooks. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved. (Note: Bettors can calculate odds of buying half points here.) In that case, you are returned your original bet plus profit, so you now have $220. Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side. Here's a neat little rig that helps you with your handicapping by helping you, at a glance, figure out whether or not you've got an edge. In the example above, we're looking at a typical seven-point spread in the NFL with standard -110 juice on each side. For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. How to Convert NCAAF Spreads to Moneylines & Calculating Value. NOTE: This converter does not take into effect the juice (vig), but instead handles it as if this were a perfect world. Note that it is a curve that approaches, but will never get to $0. Your sportsbook is offering odds of -110 on Miami +6 and -110 on New England +6 in a big NFL game. Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form (100/moneyline) -> simplest form. 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. The moneyline equivalent to +2.5 points on the spread is roughly +125, while +3 points translates to roughly +140 on the moneyline. Some of the best choices for online sports betting in the US include DraftKings Sportsbook, FanDuel Sportsbook, PointsBet, FOX Bet, and BetMGM. The substantially larger potential on Cleveland tells you that it is the clear underdog. Examples:-120: (100/120) = 5/6-300: (100/300) = 1/3. Use this tool so you don’t miss out. For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. Here is how the moneyline parlay is calculated: Convert the moneyline to decimal odds. Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds. League: NFL 2. 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. Moneyline Odds Calculator. You can enter this spread to find out the value you should expect by choosing the moneyline instead of the spread. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. It is one of the most important first steps to understanding sports betting and is crucial to success. Works in reverse too. Want to learn more? What is the best online sportsbook in the US? This will typically be -110 on the favorite and -110 on the underdog, or -105 if you are using a reduced juice sportsbook. The spread is another very popular betting line among sportsbook players. Unlike multiple betting, point spread betting involves using a median number calculated by a bookmaker, when two teams are competing against each other. 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. For example, +160 odds would be calculated as 100/(160+100)*100. How the Spread Is Calculated in the Forex Market . 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. Is it legal to use a moneyline odds calculator? Breaking 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. As an example, a point spread of 2.5 points or less is a good indicator of a tight game. 4.Enter the spread that the sportsbook is offering. The biggest difference between a moneyline bet and a spread bet is that the former doesn't involve points. All Rights Reserved. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. 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. The Odds Coach Moneyline Calculator can be used as a valuable resource on any moneyline bet. The long awaited parlay calculator is here! The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. 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. New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets. There’s no point spread with a moneyline bet. For example, … Even -1,000,000 odds still yields some profit from a win: And here is a graph of profit for positive numbers. When a betting line is listed, it will contain the moneyline and spread information. Odds Type: -110 4. A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations. 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 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. The odds for a favorite are lower than the odds for an underdog, enticing players to bet on the weaker teams. Unlike points spread which is based on who wins and by how much, a moneyline bet does not consider points spread. This is reflected in the odds, which are typically -110 on both sides of the wager. First divide 100 by 165 (without the “-”), which yields 60.6. In the NFL, buying a half-point from +2.5 to +3 costs about 25 cents depending on the sportsbook. This page allows you to find out the fair moneyline odds you should receive based on the point spread a sportsbook is offering. 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. 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. They take responsible gambling very seriously. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30). 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. Calculate how many points, runs or goals a team typically scores. Amount to Bet $ Odds : Amount to Win $ Parlay Calculator . 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. It’s a little more complicated than that, but not much. Grab it from our widgets page for free! 3,936 Fans Like. The alternative would be to bet on Cleveland +8.5 in this example of a spread bet. These are all safe, secure operators, with all rights reserved. Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet. It is one of the most important first steps to understanding sports betting and is crucial to success. To calculate moneyline odds from decimal odds greater than 2.0, multiply the difference between the decimal odds and 1 by 100. Looking at the odds offered by the sportsbook, note whether they are negative odds (for example -110) or positive odds (for example +120). When should I use a moneyline bet calculator? The Odds Coach Moneyline Calculator allows for quick calculations for any wager amount and payout odds. (Money Lines) Assigned odds on the outcome of a game with no regards to a point spread. You can see a range of odds at-a-glance on our odds page. The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. Point Spread: Money Line-2-130/+110-2.5-140/+120-3-155/+135-3.5-175/+155 … A Tampa Bay win in that situation is even more disastrous for the sportsbook. Moneyline Betting on Close Games . 2. 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 home team is often the favorite in NFL and college football, but that is not always the case, with copyright and all rights reserved. A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.). See the point spread to money line conversion chart for a quick reference to these fair 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. Sports Betting Calculators. The “To Win” output yields the profit produced if the Rays win. Sports betting calculators, Over Under Calculator, Money Line Calculator, Odds Calculator, Spread 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. 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. Point spread betting differs from your over under or moneyline bets. 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. So we’re here to break it down for you. 2020 © Sportsbook Review. 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. If we stick with the example used above, you might find that Baltimore is the 8.5-point favorite in the spread. Moneyline betting is one of the most popular ways to gamble on the NFL, and one of my favorites. Choose the league you are betting on from NBA, NFL, college basketball and college football. 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. 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. 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. View entire discussion ( 7 comments) More posts from the sportsbook community. Using this example, you could then enter the following into the moneyline converter: 1. Where can you find the moneyline at the sportsbook or online? The charts below show two different money lines. The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner. 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. A moneyline bet in sports refers to a wager on the winning team. The sportsbook offers every imaginable kind of wager across multiple sports. 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. Fractional to moneyline . Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing. You should also try to find a sportsbook with reduced juice lines on spreads. They will then assign a set of moneyline odds to each team. This converts to 100/260*100, which ends up yielding a 38.46% implied probability. Multiply the odds together. Below is a graph of profit won on $100 bets for negative odds. To convert “-” odds, the formula looks like this: “-” odds / (“-” odds + 100)*100 = implied probability. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others. Moneyline (US) odds. A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado. A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. To calculate the return to the bettor, add the “To Win” number to the original amount of the wager. In the World Series Game 1 example from above, if 90% of bets come in on the Dodgers, the sportsbook stands to lose big money if Los Angeles wins. 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 calculation changes based on if it is a positive or negative odd. Cleveland could then win the game, or lose by up to 8 points, and you would still be paid out, with all rights reserved. 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. Use American odds -110, +110, etc. sports betting; Betting Calculators. 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. If you want to bet moneylines now, FanDuel will give you a $500 risk-free bet. You can use this moneyline and point spread calculator to work out the expected value you should enjoy in moneyline betting. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. as the odds increase, so does the profit. That goes on forever. 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. 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). However for many sports and markets such as American Football, Boxing etc. Spread: 6.0 5. View All Sportsbook Ratings & Compare Features. To calculate moneyline odds from decimal odds less than 2.0, divide -100 by the difference between the decimal odd and 1. 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 6. 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. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. Bowls . Win % – Percentage of wins required to show a profit at a given money line. That also means that you will be returned that amount AND your original bet, meaning you now have $190.91. 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 … The calculation changes based on if it is a positive or negative odd. 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. Convert the amount wagered and the odds into possible winnings. Convert From: Spread 3. How do I convert American odds to fractional odds? A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. 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. ‘moneyline’ odds are used. 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. The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook. Looking for other calculators to use when sports betting? More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending. 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 tool like the. Let’s work another negative example of a $100 bet at -150: Now let’s work through a positive money example. 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. See the instructions below. 3. That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting. Enter the amount you want to win and the odds to see the amount you need to wager. Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. Nothing in the terms and conditions of any US legal online sportsbooks prohibits the use of a moneyline calculator. 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. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds. 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. Let’s say you bet $100 at +120. It’s especially useful for evaluating the implied probability of winning and payout odds. Spread Moneyline Calculator - Advertisement - Get in touch. What was your saddest betting experience? To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. 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 $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). Fractional odds are most commonly found at racetracks or for futures bets when there are entire pools of participants that can possibly win. If you find odds of +230 on the underdog at a rival sportsbook, that would represent good value. 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. Calculator: Converting Moneyline Odds into Win Probability. The implied probability of -160 odds is a 61.54% chance of winning. How do I convert American odds to implied probability? Skip the math and easily convert odds between Fractional, Decimal and American format: Want this widget for your site? When you look at the point spread for these contests, you can quickly see which ones may have favorable moneyline odds. Let’s learn more about it. 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. Posted by 6 days ago. 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. 5,419 Subscribers Subscribe. However, you would stand a far greater chance of success. 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. The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. (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 spread to moneyline converter allows you to see the estimated moneyline for a specific point spread These moneyline odds are generally used for an event with two outcomes. 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. Or check out the sportsbooks below for the best odds. 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). Another very popular betting line among sportsbook players stick to safe, secure operators, with rights! Odds on Los Angeles, for example, +160 odds would yield $ profit... 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Draftkings sportsbook, that would represent good value or for futures bets when there are entire of... The favorite find a sportsbook is offering odds of +160 would convert to 2.40 decimal odds using moneyline. Number to the original amount of the wager will pay to look around at different books that offer odds...