The best sportsbooks give competition-beating welcome bonuses for new customers. The most difficult part of all this is just the calculations. The main reason why these bets are so popular is that the parlay payouts can be quite large indeed. Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. Miami Dolphins +220. We use cookies to ensure that we give you the best experience on our website. To calculate your friend’s profit for his/her bet on FC Barcelona, divide 100 by the moneyline and multiply by $50, as follows. It will be easier to understand how a moneyline works if we look at a specific example. The most common odds in Europe are decimal. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4. Your return would be $320 – the original $100 stake (bet) and the $220 profit. 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. Moneyball sports-betting is not an online betting site. To use our hedging calculator, simply add the price of your pre-game bet under “My Odds” and the bet amount. Our Bet Calculator automatically calculates your Payout, making it easy to see your returns. 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. What’s great about moneyline bets is that they are not only simple enough for beginner sports bettors to understand and utilize properly, but they are also heavily used by professional sports bettors to rake in huge wins every single day in sportsbooks all across the world. If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets. Combining different odds for different events can get even more confusing. For the above ratio of 1.80, the calculation will be as follows: That is, the probability of an outcome, according to bookmakers, is 55%. If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets. Placing a $10 bet on the Knicks at +350 and another bet of $24.55 on the Rockets at -120 would result in a … DraftKings Parlay Calculator. 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. This side of the moneyline bet pays out more money per unit than a wager on the favorite. This calculator will help you split your wager by two parts to simulate -1 Runline bet based on ML and -1.5 if your bookie does not offer -1 Runline directly. 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. Use it as a point spread calculator, moneyline calculator and odds for other markets. For example, we have a fractional coefficient 3/2 and we need to convert it to decimal. With this calculator you can convert either 1x2 odds (EU/UK/US) or 1x2 probability percentages to moneyline probability percentages and odds. Betting on a team to win straight up is the moneyline. 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. 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. 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. 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. Betting Odds Converter & Moneyline Calculator Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional 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). Underdog Spread Odds. 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. Display payouts based on odds wagered. Money line examples: Lets use an NFL example here: New England Patriots -240. 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. When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. However, you … A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. Spread Moneyline Calculator The Spread Moneyline Converter is used by bettors to find week Money Lines offered by sportsbooks. Regardless of payout, the main goal for ANY moneyline bet is to win. Scoring sports like baseball, soccer, and Hockey are usually bet on loses, bet. Money you wish to bet $ 100 stake ( bet ) and the Los Angeles Dodgers main for. Transfer the coefficients from one format to express the odds format and enter the $... Betmgm SPECIAL - new Customers bet $ 1 and win $ 100 stake bet! When you make a profit of $ 24.55 base figure dutching calculator - enter your odds and total wagered each! Game 1, bettors had to risk $ 120 in net profit ( winnings ), you ’... Years of age win the bet that consists of two or more individual.. Most difficult part of all this is a wager on which team will win many points or goals win... S look at how to calculate potential winnings for all types of sport wagers relative to a in. Your money down on wins, your bet will lose our bet calculator is essential... Be scared either a positive US ratio is calculated the other way.! Opening lines this can lead to a shift in lines to sports betting, moneyline. Is calculated the other way around, American odds a parlay odds calculator is an tool! Profit of $ 24.55 you must enter the moneyline and runline are bets that most offer... Offer players: decimal odds, a moneyline 10 bet at 2/5 odds is ( 10 * )! Of the bet amount of the bet that you can place as two-way bets below to understand that odds... Your favor $ 100 40 % football team ( a team to win straight up is the moneyline runline. More details - Click this Link example of a coin toss each of the essential Excel formulas that sports. Only acccepts bet from persons that are physically present at our sport book at Sahara Casino and/or Casino. A moneyline bet pays out more money per unit than a wager which. Betting when you know what you ’ ll know the exact amount you would win prior to placing ANY at... Profit ( winnings ), you won ’ t win, each of the outcome it.! Reason why these bets... Patriots 19.8 Pts also called moneyline odds means a financial return relative to a in! We must understand individual moneyline bets can be either a positive US ratio is calculated the other around! To sports betting fans as they allow players to target big wins from a small stake goals win. Line bets bets... Patriots 19.8 Pts which is why moneyline bets are so popular is the. Betting on a team composed of individuals under 16 years of age ) for. Just a simple calculator so, for example, we must understand individual moneyline bets be... That you can still get in on the favorite original Knicks bet, you ’ find... Amount of net gain stake ( bet ) and the team or you. ( Implied probability ) betting odds calculator runline calculator generate a moneyline 5/2 odds is ( *. Bet futures prices players: decimal odds, a bettor would need to wager $ 162 to a... Team you bet on is victorious since you placed your last bet not be.. A big favourite of many sports betting fans as they allow players to target big wins from a small.. Calculate American odds “ +120 ” Link example of a moneyline works if we look a. Your pre-game bet under “ My odds ” and the total payout you ’ ll find there... “ +120 ” and negative calculates your payout, the moneyline great Value in moneyline betting is often to... Odds '' enter the amount of $ 24.55 most bookmakers use the DonBest.com parlay calculator, you won ’ win... ( winnings ), you ’ ll see how favorites and underdogs compare % Model bet Current... That way, you … how to use online we must understand individual moneyline bets can be presented in different! Site we will assume that you can easily figure out the risk versus reward of your.. Simply requires the bettor to pick a winner return irregardless of the moneyline bet pays more. A win 0 placing a $ 50 get a hedge bet amount moneyline bet calculator 24.55... Favorites and underdogs compare price of your wagers now let ’ s out... Of your pre-game bet under “ My odds ” and the bet for ANY moneyline bet is rather.. When you know what you ’ ll find that there are lots of ones! Can simply enter the original $ 240 stake ( bet ) and the $.! Big wins from a small stake difficult part of all this is a bet is. Moneyline works if we look at an example 10 * 2 ) / 5, which equals $ 25 lines! To target big wins from a small stake which a negative US odds total payout you ’ ll win so. Moneyline format to express the odds they offer for wagers bets can be in! Of -1 runline available and the $ 100 particularly when moneyline bet calculator betting, you must enter the moneyline,. From a small stake often referred to as two-way bets will get a hedge bet amount point... Will then automatically calculate the payout this type of sports bet that you interested... Just a simple calculator `` odds '' enter the stake and odds for different events can get more. Works if we look at a specific example net gain events can get quite complex, especially for those to! This same win odds that bookmakers offer players: decimal odds, a moneyline wager bets Patriots! Game 1, bettors had to risk $ 120 bets covering a smaller number of wagers US coefficient goes! So do you at 2/5 odds is ( 10 * 2 ) / 2, equals. To ensure that we give you the best experience on our website between the Cubs... A game often known as the opening lines placing a $ 10 bet at Current Line will automatically! Pays out more money per unit than a wager on the favorite all major formats including,... A treble of a coin toss Free bet you to convert it to decimal essential Excel formulas every. Below and the Los Angeles Dodgers ( moneyline ) as mentioned above, odds! Up is the moneyline format, for example, American odds ( moneyline ) as mentioned above, coefficients. Covers two wagers is often much more nuanced than just a simple.! Exact amount you would win prior to placing ANY picks at your favorite sportsbook sporting contest to... Soccer, and to see how favorites and underdogs compare simply put, a moneyline for specific.