Convert From: Spread 3. Looking at the odds offered by the sportsbook, note whether they are negative odds (for example -110) or positive odds (for example +120). 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. Sports Betting Calculators. 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. Calculator: Converting Moneyline Odds into Win Probability. A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. Note that it is a curve that approaches, but will never get to $0. 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. There’s no point spread with a moneyline bet. 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. 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. A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations. 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. The moneyline underdog will always pay out at better odds than the favorite. The odds for a favorite are lower than the odds for an underdog, enticing players to bet on the weaker teams. These moneyline odds are generally used for an event with two outcomes. Spread betting sees sportsbook operators level the playing field by giving the supposedly stronger team a handicap. 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. Decide whether you want to convert from point spread to moneyline, or vice versa. The implied probability of -160 odds is a 61.54% chance of winning. Type in the odds on each side of the point spread bet. When it comes to using a parlay calculator, you’ll find that there are lots of different ones available to use online. 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. Sports betting calculators, Over Under Calculator, Money Line Calculator, Odds Calculator, Spread Calculator . The charts below show two different money lines. All Rights Reserved. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others. One of the most important features of the Odds Coach Moneyline Calculator is the Implied Probability feature. What is the best online sportsbook in the US? All Conferences. For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. 2020 © Sportsbook Review. When should I use a moneyline bet calculator? 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. Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others. (Money Lines) Assigned odds on the outcome of a game with no regards to a point spread. Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet. New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. 5. 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. Using American, decimal, fractional, Hong Kong, Indonesian, or Malay Odds, you can input the odds and the amount of a wager and see the payout that would come if the bet is a win. The last two season's average moneyline to spread data table. Let’s say you bet $100 at +120. Below we work through an example of a bet of $100 at -110 moneyline odds. 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. The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. Moneyline Uses . Moneyline Odds Calculator. How to Identify the Moneyline . Moneyline (US) odds. Odds Type: -110 4. 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. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. 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 … View entire discussion ( 7 comments) More posts from the sportsbook community. However for many sports and markets such as American Football, Boxing etc. : Legal US sportsbooks generally present several different ways to wager on sports. League: NFL 2. We all love to bet on the spread, but sometimes the money line is offering better value. The long awaited parlay calculator is here! To calculate the return to the bettor, add the “To Win” number to the original amount of the wager. 2. The biggest difference between a moneyline bet and a spread bet is that the former doesn't involve points. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. 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. For -160 odds, for example, the calculation looks like 100/160, which reduces to 5/8 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. The calculation changes based on if it is a positive or negative odd. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing. To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. 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. For instance, if the Dallas Cowboys have scored 350 points in 10 games, then the average is 35 points. 381. You have to risk $110 for the chance of winning $100. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. How to Convert NCAAF Spreads to Moneylines & Calculating Value. The -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Odds Coach moneyline calculator. Looking for other calculators to use when sports betting? 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. Skip the math and easily convert odds between Fractional, Decimal and American format: Want this widget for your site? Multiply the odds together by the stake of your bet. Fill in the dollar amount for your bet and the American Odds (for example -110) and calculate the implied probability and the return on the moneyline. 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. 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. However, you should stick to safe, reliable, trustworthy operators that have earned a strong score in the SBR rating guide. Underdogs. 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. Use American odds -110, +110, etc. Enter the amount you want to win and the odds to see the amount you need to wager. This page allows you to find out the fair moneyline odds you should receive based on the point spread a sportsbook is offering. Let’s say that Cleveland is scheduled to take on Baltimore in an NFL game. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30). Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds. 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. The spread is another very popular betting line among sportsbook players. 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. If you find odds of +230 on the underdog at a rival sportsbook, that would represent good value. A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. In that case, you are returned your original bet plus profit, so you now have $220. 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. NFL point spread calculator to calculate the fair point spread odds for the point spread value obtained from the formula above. Point spread betting differs from your over under or moneyline bets. This will typically be -110 on the favorite and -110 on the underdog, or -105 if you are using a reduced juice sportsbook. 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. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting. Yes. It is important to notice that multiplying by -1 is required to give us the positive payout: PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100). 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. The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook. Skilled bettors look for value on moneyline bets by evaluating teams that have a better chance of winning than the implied probability of the odds might dictate. Examples:-120: (100/120) = 5/6-300: (100/300) = 1/3. NOTE: This converter does not take into effect the juice (vig), but instead handles it as if this were a perfect world. If they won by 8 or fewer points, or lost the game, your bet would not pay out. sports betting; Betting Calculators. Is it legal to use a moneyline odds calculator? 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. The substantially larger potential on Cleveland tells you that it is the clear underdog. Moneyline Odds Calculator . Using this example, you could then enter the following into the moneyline converter: 1. This is reflected in the odds, which are typically -110 on both sides of the wager. Yes. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. All you need to do is enter the spread, the juice on each side and choose the sport. Unlike points spread which is based on who wins and by how much, a moneyline bet does not consider points spread. 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 Odds Coach Moneyline Calculator can be used as a valuable resource on any moneyline bet. Then round to the nearest whole number. 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. Or check out the sportsbooks below for the best odds. You can then use our moneyline converter to find the best value on offer on moneyline and spread betting markets. Works in reverse too. First divide 100 by 165 (without the “-”), which yields 60.6. Below we work through an example of a bet of $100 at -110 moneyline odds. A moneyline bet is a straightforward wager on which team will win a particular game. For example, … 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). The Odds Coach Moneyline Calculator allows for quick calculations for any wager amount and payout odds. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. How the Spread Is Calculated in the Forex Market . The calculation changes based on if it is a positive or negative odd. 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. Note that it is a curve that approaches, but will never get to $0. In the example above, we're looking at a typical seven-point spread in the NFL with standard -110 juice on each side. The point spread is basically used to create a 50/50 betting proposition. Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. Check out: The math used in calculating the payout on a moneyline is pretty simple. A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which … Home; Games Today; College Football; NFL; MLB; NBA; Calculators; Sportsbooks; Home. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets. 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. Want to learn more? 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. 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. 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. 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 moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved. Below is a graph of profit won on $100 bets for negative odds. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. 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. Per the converter, you can expect the favorite to have a moneyline … Bowls . Grab it from our widgets page for free! Now that we know how currencies are quoted in the marketplace let's look at how we can calculate their spread. Is online sports betting legal in the US? Choose the league you are betting on from NBA, NFL, college basketball and college football. What was your saddest betting experience? A $20 bet on Baltimore would therefore earn you a $5.48 profit if successful, whereas a $20 bet on Cleveland would earn you a $61 profit if successful. 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. Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form (100/moneyline) -> simplest form. Convert the amount wagered and the odds into possible winnings. The moneyline equivalent to +2.5 points on the spread is roughly +125, while +3 points translates to roughly +140 on the moneyline. 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. A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.). More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending. Where can you find the moneyline at the sportsbook or online? 6. 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. So we’re here to break it down for you. 5,419 Subscribers Subscribe. A tool like the. To convert “-” odds, the formula looks like this: “-” odds / (“-” odds + 100)*100 = implied probability. Fractional odds are most commonly found at racetracks or for futures bets when there are entire pools of participants that can possibly win. 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. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. 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. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. 3. The Spread Moneyline Converter is used by bettors to find week Money Lines offered by sportsbooks. 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. Several online sportsbooks offer comprehensive coverage of sports and ways to bet. Breaking Odds. Point Spread: Money Line-2-130/+110-2.5-140/+120-3-155/+135-3.5-175/+155 … 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. (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. Posted by 6 days ago. Below is a graph of profit won on $100 bets for negative odds. These steps to get quick, clear results using the odds by 100 and that... Calculator produces the implied probability of winning the game, with no regards to a wager sports. On Spreads way to wager on which team will win a particular game to have a 41.67 % probability... 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