Most bettors will have a portion of their volume of wagers placed on moneylines, but many don’t know when they’re getting value. Knowing the corresponding money-line to point spread values gives bettors an opportunity to pinpoint underlays on the moneyline.
- Money Line Odds Calculator
- Convert Betting Odds To Percentage
- European Odds Converter
- Moneyline Odds Converter
- Percentage To Odds Converter
- Money Line Parlay Odds Calculator
For example if the point spread on a particular football game gets pounded down over the course of the week, there may be an opportunity at one of the sportsbooks where the money line hasn’t been adjusted to scale with the actual point spread. Learning to spot these weak lines will add to your bottom line over the course of a football season.
Money Line Odds Calculator
Moneyline odds are worked out to a bet of $100. If the figure for a team is positive, then it refers to how much profit will be made based on a $100 dollar wager. For example, if the Denver Broncos were available for a match at +120, for every $100 staked, the profit would be $120 and the total return would be $220. Positive odds are used for the outcome which is deemed to be less likely. Calculating Payouts From Moneyline Odds. In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. Thus, moneyline odds are also commonly referred to as American odds. They can be either a positive number or a negative number. Enter the odds you wish to convert into any of the boxes in the betting odds converter and click on “Convert”. It will then display the equivalent odds in all the different formats.
Below we have listed the odds conversion chart as listed on Bovada.
| Point Spread | Money Line |
| -2 | -130/+110 |
| -2.5 | -140/+120 |
| -3 | -155/+135 |
| -3.5 | -175/+155 |
| -4 | -200/+170 |
| -4.5 | -220/+180 |
| -5/-5.5 | -240/+190 |
| -6 | -270/+210 |
| -6.5 | -300/+220 |
| -7 | -330/+250 |
| -7.5/-8/-8.5 | -360/+280 |
| -9/-9.5 | -400/+300 |
| -10 | -450/+325 |
Convert Betting Odds To Percentage
Betting Tip: Many sharp football bettors will use point spreads to bet favorites and only use money lines when wagering on underdogs.
Find out how much money you could win betting NHL moneylines using our easy odds converter and moneyline calculator. The puck line is hockey’s version of the point spread, in which a. For example, the money line on a 3-point home favorite in the NFL would have odds like -164 to win the game outright. This means you would need to wager $164 to win $100 on that team. On the flip side, you could bet a 3-point underdog at +135 to win outright, meaning you would wager $100 to win $135.
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Use the tool below to convert odds between American, decimal, fractional and percentage formats.
Betting Odds Explained
American Odds – American Odds are the default odds format at most US friendly betting sites as well as Nevada sports books. Here odds are expressed as either a negative or a positive number. When positive the odds represent how much a player will profit on a successful $100.00 wager. So for example if the odds are +180 a successful $100 bet will return $280 (the $100 stake + $180.00 win). When the odds are negative they represent how much a bettor must stake to win $100. Therefore $150 staked at -150 returns $250.00 (the $150 stake + $100 win).
European Odds Converter
Decimal Odds – Decimal Odds, also referred to as European Odds, are used in most European countries and are the default option of many Asian bookies as well. This is the easiest odds format to understand as the odds represent how much a 1 unit wager returns. For example a €1 wager at odds 1.91 returns €1.91. This return includes both your stake plus profit; to calculate how much your return will be simply multiple your stake by the given odds.
Moneyline Odds Converter
Fractional Odds – Fractional Odds are used in the UK and Ireland. Here the first number is the amount to be won, and the second number is the stake. So for examples 4/1 is stake 1 to win 4, and 10/11 is stake 11 to win 10. To calculate how much a winning bet will profit, convert the fraction to a decimal and multiply it by the stake. For example 3/2=1.5, so, if wagering at 3/2 a successful bet will return 1.5 times your stake in winnings and will also return your stake.
Percentage To Odds Converter
Implied Probability – Implied Probability is how often a bet must win to average break even. This is calculated as risk/return, so for example +200 in American format (3.00 European) is risk $100 to win $200 so a winning wager returns $300 ($100 stake + $200 win). Therefore the implied probability of +200 is $100/$300= 0.3333, which is 33.33%. For this reason you should only wager at +200 if you think the probability of winning is greater than 33.33%.
Money Line Parlay Odds Calculator
On the topic of odds, refer to our No-Vig Calculator for a better understanding of how betting odds work.