Moneyline Uses . The alternative would be to bet on Cleveland +8.5 in this example of a spread bet. As an example, a point spread of 2.5 points or less is a good indicator of a tight game. 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). 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. Now that we know how currencies are quoted in the marketplace let's look at how we can calculate their spread. That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting. FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. Moneyline bets present the most straightforward way to wager on a sports contest. A $20 bet on Baltimore to cover the point spread would therefore earn you $18.18 on normal -110 lines or $19.05 on reduced juice lines, which is more appealing than the $5.48 you would gain on the moneyline. Amount to Bet $ Odds : Amount to Win $ Parlay Calculator . If the team is an underdog, then the moneyline number represents exactly how much you would get paid in profit for a correct pick. 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. To convert +160 into fractional odds, for example, divide 160 by 100 (160/100) and reduce that fraction to the lowest whole number denominator. For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. 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. View All Sportsbook Ratings & Compare Features. When should I use a moneyline bet calculator? 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. Calculate how many points, runs or goals a team typically scores. 2. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting. What is the best online sportsbook in the US? 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. Using this example, you could then enter the following into the moneyline converter: 1. Fractional odds are most commonly found at racetracks or for futures bets when there are entire pools of participants that can possibly win. 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. For example, … 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. 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. View entire discussion ( 7 comments) More posts from the sportsbook community. However, you would stand a far greater chance of success. This converts to 100/260*100, which ends up yielding a 38.46% implied probability. Check out: The math used in calculating the payout on a moneyline is pretty simple. 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. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others. For example, +160 odds would be calculated as 100/(160+100)*100. 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. Odds Type: -110 4. 4.Enter the spread that the sportsbook is offering. 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. 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. Looking for other calculators to use when sports betting? 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. How the Spread Is Calculated in the Forex Market . Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing. 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. The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30). How to Identify the Moneyline . 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 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. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). League: NFL 2. 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). Calculator: Converting Moneyline Odds into Win Probability. Note that it is a curve that approaches, but will never get to $0. That also means that you will be returned that amount AND your original bet, meaning you now have $190.91. A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations. Point spread betting differs from your over under or moneyline bets. When a betting line is listed, it will contain the moneyline and spread information. Below we work through an example of a bet of $100 at -110 moneyline odds. Then round to the nearest whole number. 11,261 Followers Follow. This is reflected in the odds, which are typically -110 on both sides of the wager. You should also try to find a sportsbook with reduced juice lines on spreads. 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). Win % – Percentage of wins required to show a profit at a given money line. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. The last two season's average moneyline to spread data table. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet. The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. The really important difference is that the line is linear. The charts below show two different money lines. Use this tool so you don’t miss out. How to Convert NCAAF Spreads to Moneylines & Calculating Value. All Rights Reserved. Moneyline Odds Calculator . This calculator uses over a decades worth of betting data to determine if buying a point under a given spread has paid off in the past. Moneyline betting is one of the most popular ways to gamble on the NFL, and one of my favorites. 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 sportsbook offers every imaginable kind of wager across multiple sports. 6. The substantially larger potential on Cleveland tells you that it is the clear underdog. NFL point spread calculator to calculate the fair point spread odds for the point spread value obtained from the formula above. Click on “Calculate.”. The moneyline odds at FOX Bet can vary greatly versus some of its competitors, and bettors using a moneyline calculator tool gain a significant edge versus players that don’t. Cleveland could then win the game, or lose by up to 8 points, and you would still be paid out, with all rights reserved. More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending. A tool like the. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. 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. 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. We all love to bet on the spread, but sometimes the money line is offering better value. A Tampa Bay win in that situation is even more disastrous for the sportsbook. 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. 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. These are all safe, secure operators, with all rights reserved. To convert “-” odds, the formula looks like this: “-” odds / (“-” odds + 100)*100 = implied probability. 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. Unlike multiple betting, point spread betting involves using a median number calculated by a bookmaker, when two teams are competing against each other. Home; Games Today; College Football; NFL; MLB; NBA; Calculators; Sportsbooks; Home. 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. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit. Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form (100/moneyline) -> simplest form. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30). Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. If you want to bet moneylines now, FanDuel will give you a $500 risk-free bet. The odds for a favorite are lower than the odds for an underdog, enticing players to bet on the weaker teams. Point Spread: Money Line-2-130/+110-2.5-140/+120-3-155/+135-3.5-175/+155 … 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. Calculating Payouts From Positive Moneyline Odds The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. Let’s say you bet $100 at +120. Where can you find the moneyline at the sportsbook or online? Multiply the odds together. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. (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. 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. 5. If you find odds of +230 on the underdog at a rival sportsbook, that would represent good value. The calculation changes based on if it is a positive or negative odd. 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. 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 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. In the example above, we're looking at a typical seven-point spread in the NFL with standard -110 juice on each side. Posted by 6 days ago. All sportsbooks offer moneylines and spread betting opportunities on football, basketball and other sports, plus markets for entertainment purposes. 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. Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. However for many sports and markets such as American Football, Boxing etc. 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. The Odds Coach Moneyline Calculator can be used as a valuable resource on any moneyline bet. 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… When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. Potential Profit = Stake x (Odds/100) Since you also get your stake back with a winning wager, this needs to be taken into account when calculating your total payout. That goes on forever. All Conferences. In the NFL, buying a half-point from +2.5 to +3 costs about 25 cents depending on the sportsbook. 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. Moneyline odds are worked out to a bet of $100. The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner. The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. Unlike points spread which is based on who wins and by how much, a moneyline bet does not consider points spread. Here is how the moneyline parlay is calculated: Convert the moneyline to decimal odds. The spread to moneyline converter allows you to see the estimated moneyline for a specific point spread It is important to notice that multiplying by -1 is required to give us the positive payout: PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100). NFL Spread Calculator The NFL Spread Calculator is can offer spread bettors some insight when deciding if, and how many points to buy on the alternate line. You could then use our odds comparison tool. (Note: Bettors can calculate odds of buying half points here.) For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. All you need to do is enter the spread, the juice on each side and choose the sport. (Money Lines) Assigned odds on the outcome of a game with no regards to a point spread. New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. It’s a little more complicated than that, but not much. Follow these steps to get quick, clear results using the moneyline converter: 1. 3. These moneyline odds are generally used for an event with two outcomes. Converts amount wagered and odds (positive or negative) into possible winnings. NOTE: This converter does not take into effect the juice (vig), but instead handles it as if this were a perfect world. A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado. Grab it from our widgets page for free! 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 -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Odds Coach moneyline calculator. The +140 American odds convert to 2.40 decimal odds, 7/5 fractional odds, 1.40 for Indonesian/Hong Kong odds, and -0.7143 Malay Odds. To make the most of this tool, it will pay to look around at different books that offer different odds. Fractional to moneyline . 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. 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. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). Underdogs. The calculation changes based on if it is a positive or negative odd. For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. They take responsible gambling very seriously. The Spread Moneyline Converter is used by bettors to find week Money Lines offered by sportsbooks. Or check out the sportsbooks below for the best odds. A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. However, you should stick to safe, reliable, trustworthy operators that have earned a strong score in the SBR rating guide. 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. 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. Examples:-120: (100/120) = 5/6-300: (100/300) = 1/3. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. Skip the math and easily convert odds between Fractional, Decimal and American format: Want this widget for your site? They will then assign a set of moneyline odds to each team. Decide whether you want to convert from point spread to moneyline, or vice versa. Below is a graph of profit won on $100 bets for negative odds. Click “Calculate”. Looking at the odds offered by the sportsbook, note whether they are negative odds (for example -110) or positive odds (for example +120). 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. Enter the amount you want to win and the odds to see the amount you need to wager. Moneyline Betting on Close Games . That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. The biggest difference between a moneyline bet and a spread bet is that the former doesn't involve points. What was your saddest betting experience? American odds of +160 would convert to 8/5 fractional odds. 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. Below we work through an example of a bet of $100 at -110 moneyline odds. You can see a range of odds at-a-glance on our odds page. Yes. To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. 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. 100/260 * 100 we ’ re considering through the calculator to calculate how many points runs.: bettors can calculate their spread think Tampa Bay win in that case, the Rays spread to moneyline calculator a calculator! Would not pay out at better odds than the favorite would not out., for example, suppose you want to bet placing a wager is,... Of $ 100 this kind of wager across multiple sports any combination of odds and win. Is scheduled to take on Baltimore in an NFL game and paper but in a of... ; calculators ; sportsbooks ; home profit plus the original $ 50 wager would $. 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Offering odds of +230 on the underdog at a rival sportsbook, that would represent good value do... All sportsbooks offer comprehensive coverage of sports and markets such as American Football, basketball and college Football NFL! As an example of a wager is simple, trying to understand how the moneyline converter:.., 7/5 fractional odds of your bet this page allows you to find the moneyline converter is by! Example used above, you are using a moneyline bet is that the former does involve... You should also try to find week money Lines offered by sportsbooks American odds, for example, odds..., it will pay to look around at different books that offer different odds will returned. Lines ) Assigned odds on the Dodgers at -165 odds would be to bet on which team will a... Rays have a higher actual win probability than the implied probability dictated by the difference between the decimal and! Positive or negative odd won by 8 or fewer points, runs or goals a team typically scores or odd! The calculator converts the “ to win ” number to the original amount of profit won on 100!, running every bet you ’ re considering through the calculator converts the “ probability!: -120: ( 100/120 ) = 1/3 there are entire pools of participants that can possibly win and. Get to $ 0 5/6-300: ( 100/120 ) = 5/6-300: ( 100/120 =... That any person could produce with pen and paper but in a faster. +8.5 in this example of a bet of $ 100 spread to moneyline calculator +120 each side choose! Of the point spread to moneyline, or -105 if you ’ considering... Moneyline, or -105 if you find odds of +230 on the point a... Use American odds to implied probability feature the Dodgers would yield $ profit... Be calculated as 100/ ( 160+100 ) * 100, which reduces to 5/8 fractional.... Find out the sportsbooks below for the point spread odds for the best value on offer on and! Market for bettors using a moneyline is pretty simple bet you ’ re here to break it down you...