Get the best sports betting information delivered straight to your inbox for free. Unlike in point spreads, where teams may be favored by 2.5 points – moneyline odds are awarded to teams individually and involve bigger numbers. A $100 bet at +200 in American odds (2/1 in fractional or 3.00 in decimal) with a 33.33 percent implied probability has the potential to profit $200 should it win. Multiply the odds together. How do you convert decimal odds to American? Odds of 1/3 will pay only 33.33 percent of the amount risked, so a bet of $100 would profit $33.33 if it should win. This is helpful in handicapping because you can see just what percentage of your wagers you need to win at each given money line in order to profit. A $100 bet placed on 2/7 odds will return $28.57 in profit. If the American odds are negative, the formula is as follows: 1 - (100 / - American odds) = decimal odds. American odds are presented in hundreds and thousands and are defined by the positive (+) or negative (-) value assigned. The formula to convert fractional odds to decimal is as follows: (numerator/denominator) + 1 = decimal odds. You can also have a look at our odds converter! The left chart is to be used for favorites, the right for underdogs. Use our odds calculator to easily convert American (a.k.a. To calculate moneyline odds from decimal odds greater than 2.0, multiply the difference between the decimal odds and 1 by 100. Moneyline odds are often referred to as American or US odds. The Bet Calculator will then automatically calculate the Payout. The moneyline and runline are bets that most sportsbooks offer on MLB matches. Betting Odds Converter & Moneyline Calculator. If the American odds are positive the formula is as follows: (American odds / 100) + 1 = decimal odds. There are two methods to convert fractional odds to moneyline odds, one method being for fractions less than … Bets with higher implied probability are given a higher negative value. It indicates how much you will win based on the odds and total wagered. Positive odds - 100 divided by (the american odds plus 100), multiplied by 100 to give a percentage e.g. But particularly when live betting, you can lock in profits when the odds have shifted in your favor. It does not matter how many points or goals they win by, all that matters is who wins. Odds of 1/1 will pay the same amount risked, so a bet of $100 would profit $100 if it should win. How do you convert American odds to decimal? american odds of 150 = (100 / (150 + 100)) * 100 = 40%. To calculate a betting odds payout, first choose which odds format to use: American/moneyline odds, fractional/UK, or decimal/European. The runline is where the team you bet on must win by more than a … Win % – Percentage of wins required to show a profit at a given money line. BreakingOdds sports betting odds service offers daily sportsbook odds, lines and point spreads, free sports betting ledgers, handicapping calculators customized for the sports handicapper, sporting news, articles and free sports picks. There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. When it comes to using a parlay calculator, you’ll find … If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog. Calculating Moneyline Payouts. How do you convert fractional odds to decimal? 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. To convert decimal odds to fractional, the formula is as follows: decimal odds - 1 = fractional odds. Implied probability is displayed as a percentage (10%, 52.38%, 83.33%, etc). Simply select the Odds Format and enter the Stake and Odds. Betting odds converter. Each type of odds requires different calculating methods when using a sports betting odds calculator. Otherwise known as ‘Pick em’ markets. For example, a bet placed at -400 odds would require you to wager $400 to profit $100. At +134 odds, a $100 wager would pay $134 in profit if the Bills won the game (for a total payout of $234). If you were to bet $100 on the Brooklyn Nets to beat the LA Lakers at moneyline odds of +350, you would be happy if they took a 15-point lead in the second quarter. They’re essentially simple math: Dividing one number by another and then taking that sum and multiplying it by your bet amount. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). Moneyline odds are based on a $100 wager, with the favorites getting a negative number (-) and the underdogs getting a positive number (+). Fractional odds are most commonly found at racetracks or for futures bets when there are entire pools of participants that can possibly win. We’ll be your moneyline calculator. Multiply the odds together by the stake of your bet. 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. Using the above example, the moneyline on the underdog Bills opened at +134 (currently ). If the American odds are positive, the formula is as follows: American odds / 100 = fractional odds. Positive … -200) that means you will have to bet that amount to win $100. 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 … By signing up for the Covers newsletter, you agree to receive electronic communications from Covers about our products and services, as well as other content that may be of interest to you. It will also calculate the implied Now, with the betting odds calculator, you can easily figure out the risk versus reward of your wagers. Some fractional odds will see the dividend divided by a value greater than one – ie: 7/2 or 11/4 but is still calculated the same, multiplying the sum by the amount risked. -110 odds require a $110 wager $100. If you see a - (negative) symbol then that team is the favorite and the team with the + (plus) sign is the underdog. Use our tool above to convert these odds and learn more about them below. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare. Click Add Odds for Multiples Hedging in sports betting is often much more nuanced than just a simple calculator. For example, a $100 bet made at decimal odds of 3.00 would return $300 ($100 x 3.00): $200 in profit and the original $100 amount risked. about American odds calculation is to think of them like currency exchanges in $100 increments. Convert the amount wagered and the odds into possible winnings. Bets with lower implied probability are given a positive value. A favorite at -140 moneyline odds means a $140 winning wager wins you $100 in profit. The default wager is set at $100 but can be changed. How do you convert decimal odds to fractional? With college football money line betting you are simply picking which team will outright win the game. How do you convert fractional odds to American? First, we have a simple calculator that you can use to plug in any moneyline (American style … The positive value indicates that the odds are “plus money” and payout as much or more profit than the amount risked on the bet. Enter the amount you want to win and the odds to see the amount you need to wager. The following chart shows how likely a team is to win based off the odds. For fractions greater than 1, the formula is as follows: (fractional value) * 100 = American odds.For fractions less than 1, the formula is as follows: -100 / (fractional value) = American odds. However, not many have the -1 runline available and the ones that do will most likely charge a premium. Decimal odds are the preferred variation for most countries outside of the US including Europe, which is why they are often referred to as “European odds”. You can also define your odds conversion to a specific bet amount to see your expected profit if that wager should win. Get Free Sports Information on line movements including NBA odds, NFL odds, College Football odds and MLB odds from our Sports Handicapping software. probability of the bet and the profit if the bet wins. Works in reverse too. A bet placed at -200 in American odds (1/2 in fractional or 1.50 in decimal) has a 66.67 percent implied winning probability. American Odds. Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional odds. College football moneyline betting is the simplest form of betting. The way sports betting odds are presented can differ between American, Fractional, Decimal, and, while they all mean the same thing, understanding how they work with your wager can be tricky. Our odds converter allows you to convert between decimal, fractional and moneyline odds. moneyline), Decimal, and fractional odds. You can place your bets with more piece of mind. What Is A Moneyline Calculator? However, different odds calculators have different purposes, such as comparing futures, identifying arbitrage, and more. For example, a $100 bet at -200 in American odds (1/2 in fractional or 1.50 in decimal) with a 66.67 percent implied probability has the potential to profit $50 should it win (not total return, which would include your original bet amount). For decimal odds of 2.00 or greater, the formula is as follows: (decimal odds - 1) * 100 = American odds.For decimal odds between 1.01 and 1.99, the formula is as follows: -100 / (decimal odds - 1) = American odds. If the American odds are positive, the formula is as follows: American odds / 100 = fractional odds.If the American odds are negative, the formula is as follows: -100 / - American odds = fractional odds. For example, odds of 3/1 will pay three times (300 percent) the amount risked, so a bet of $100 would profit $300 if it wins. In most cases, the favorite will have a " - " in front of its moneyline odds while the underdog will always have a "+ ." In moneyline (or 0:0 handicap) bet you normally get your stake back when game ends tie (draw) -so you only bet the winner. Odds that are written out as … If the American odds are positive the formula is as follows: (American odds / 100) + 1 = decimal odds. So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A moneyline bet would be a bet on -150 or +180. The key constant with betting odds is implied probability, the odds may look different but the probability of the outcome winning is the same.. Other useful calculators Use it as a point spread calculator, moneyline calculator and odds for other markets. With a positive moneyline, the odds show how much a $100 stake will pay in winnings. Odds with lower implied probability have larger risk and therefore pay out more compared to odds with higher implied probability and lower risk. Yes, our odds calculator shows the implied probability of winning your bet outright in an easy to read percentage. Betting on a team to win straight up is the moneyline. Fractional odds are displayed as a fraction (1/2 , 10/11, 12/1, etc). The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. An odds calculator helps sports bettors determine their betting strategy. Can I see the probability of winning my bet? Covers’ odds converter allows you to enter any of these odds variations and get them instantly translated into your preferred display, while also calculating the implied probability of those odds winning outright. But if the smaller number is divided by the larger number – ie: 1/3 – then the odds will pay out less than the original bet risked. For decimal odds of 2.00 or greater, the formula is as follows: (decimal odds - 1) * 100 = American 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). The most basic is a moneyline odds calculator that tells you how much you’ll win based on your bet and the odds. Negative odds - Firstly multiply the american odds by -1 and use the positive value in the following formula: american odds divided by (the american odds plus 100), multiplied by 100 to give a percentage e.g. Greetings I am looking for the formula that will take the contents of an excel cell -123 or +123 and display the profit for a $100 bet. It does become a more straight forward moneyline parlay calculator if betting on the spread or totals however as they are fixed odds. Moneyline Odds Calculator. Copyright © 1995 - 2021 For fractions greater than 1, the formula is as follows: (fractional value) * 100 = American odds. How do you convert American odds to fractional? Decide how much to stake, or bet, and then multiply this by the odds to determine your potential payout. For example, a wager at +200 in American odds (2/1 in fractional or 3.00 in decimal) has a 33.33 percent implied winning probability. The most common American odds you’ll see is -110 and is often seen as the juice/vig on spread odds and Over/Under (total) odds. Covers Media Group Ltd. All Rights Reserved. If the larger number is being divided by the smaller number – ie: 3/1 – then the odds will pay out more than the original bet risked. When placing a parlay bet make sure to shop around and calculate the parlay with multiple sportsbooks as the odds and payout can vary greatly. All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! Fractional odds are most common in horse racing and futures markets. 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. An easy way to think Have you ever wondered what the chances of a team winning was based off of the money line for the game? Learn some of the essential Excel formulas that every sports bettor needs to help figure the odds and tracking your winning percentage. For example, a bet placed at +400 odds would profit $400 on a $100 wager. For example, a bet placed at +200 in American odds (2/1 in fractional or 3.00 in decimal) has a 33.33 percent implied winning probability. Pay the same amount risked, so a moneyline odds calculator placed at -200 American. Simple calculator calculator allows for quick calculations for any wager amount and payout odds, the formula is follows. Bet outright in an easy to read percentage only betting on a team win... Stake, or bet, and more, 12/1, etc ) conversion to a bet. 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