Reading Odds & Calculating Payouts on Moneyline Bets. Overview. 91 x 1. Step 2: Input the amount of money you want to stake. As we mentioned, use $100 to calculate typically, but proportionally, this can be explained with $10 as well. To calculate the potential payout from a football bet, multiply the stake by the odds. Even: If neither side is favored, the moneyline odds are even, aka a pick or pick ‘em, at +100. Multiply the result by the bet – that’s the payout. The maximum amount (total profit) you stand to win if all of your selections prove to be correct. Moneyline bets are among the most popular in sports betting, and anyone new to the space should familiarize themselves with this wager type. To Fractional. Decimal odds: MLB Parlay Calculator: See projected odds and payouts of your MLB parlays including moneyline, run line, totals, and more. How to Calculate Money Line Payouts. Moneyline: Betting on the moneyline means you’re wagering on which side you think is going to win. Of course a $230 bet is not required, it's just the basis for calculating the payout. 9 = $90. Plus-money odds are easy to calculate since plus odds relate to 100, meaning a +150 bet will net a bettor $150 in profit on a $100 wager. For this example, you’d need to bet $62. Choose the league you are betting on from NBA, NFL, college basketball and college football. A negative money line is indicated with a ‘-‘ in front of a number, like -230. The parlay payout formula is a product of every single selection's decimal odds. If you’ve bet on a team to win the Super Bowl, you’ve to place a moneyline/win bet. 50) represent the amount a player could win against each unit wagered. NFL Week 12 Black Friday Odds: Dolphins vs Jets Spread, Moneyline, Total. Understanding Moneyline Betting Odds. A $50 winning moneyline bet on Kansas City would be calculated as (105/. When online sports betting and looking to place a moneyline bet, the most important thing to look at is the odds. How To Calculate a Parlay Payout. 50 total to the bettor. Hit the Calculate button. Enter American odds (ex: -110) for each team and view the “Vig %” for the given odds. The Dolphins (-10 on the spread) are between -550 and -425 on the moneyline (Best Live Odds: -450) in this matchup. 00 = $200). How is Moneyline calculated? To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. These odds can be displayed in two ways: as a positive number or as a negative number. Calculating the payouts for decimal odds is much easier than it is with moneyline/American odds. For beginners, the moneyline is simply placing a bet on which team will win a certain game or event no matter by how many points and no matter how many points the two teams combine to score. 90. Next, navigate to the NFL markets tab and click on it. Moneyline Parlays. We set the bet. In your example, the line is -120 and the wager is 120. As long as they win, so do you. Enter the odds for Game 1, Game 2 and so on. Multiply the multiplier by your bet amount. I'm creating a spreadsheet to keep track of my hobby, sports betting. Otherwise known as ‘Pick em’ markets. Now click on it, and it will appear in your bet slip. A moneyline of -150 is just -150 odds ($150 to win $100) for the listed team to win. Multiply the result by the moneyline odd to calculate the profit. Set the preferred format to decimal. 40, including your original. Favorites - A negative value (-250) money line divide 100 by the number. 45 = 24. k. Puck lines are usually a less probable. So, a -230 money line would require a wager of $230 to win $100 more, for a total payout of $330 ($230 wager + $100 profit). An NFL money line bet is the most straightforward of sporting wagers. This means that the bettor would have risked $400. 5%. The following table can be used as an example for how to calculate moneyline bets and learn more about how the odds convert: Fractional Odds: Moneyline: Risk vs. Decimal odds include your stake along with any potential profits when you calculate the. The total odds would combine to produce parlay odds of 24. 5 runs, with the team favored to win getting a run line of -1. To figure payout on positive odds, take the number from the positive line and divide that by 100. Example: a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win. Here’s the formula:It also means a nice payout with a win – a $100 wager on a team at +200 wins $200 in profit. Supports single bets only. For every $100 you’re betting, you’re getting 91 dollars back, plus the original stake. When betting in non-$100 increments, you’ll have to do all of these calculations on your own. The final payout includes the original bet plus winnings. 2 - 1) = -500 American odds. Spread bets are one of the most common bets for sports like NFL betting and NBA betting. Fixed Parlay Payout vs. For example, if you bet $10 at 7/2 odds, first you would divide 7 by 2 (3. Find the NFL moneyline market you want to bet on. A punter could also make a total of £150 (£100 x 1. Take away one from the decimal value and multiply it by 100. Here’s how the two bets payout without being. 92, you could combine. 76 and expect to pay out $100 (including the stake. Red : +3. By hedging your bet, you are locking in $466. The more games, the higher the risk but the greater the payout. 5) if they successfully bet on Game Y. Implied Odds. Calculating the sports betting payout of fractional odds is a simple multiplication of your stake with the market price. 97, for a stake of $100, you stand to win $597 ( 6. Therefore, the amount of money you can make will vary a lot, depending on. 3-Way money line betting explained. Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator above. It's also known as the "vig. "Round Robin" in the US and Canada refers to a combinatorial parlay bet, a completely different bet to the UK version. Here’s what the results look like when we add in the moneyline odds for this game. The left chart is to be used for favorites, and the right for underdogs. Using our Bama-USC game, that would be 550/100=5. So, a -230 money line would require a wager of $230 to win $100 more, for a total payout of $330 ($230 wager + $100 profit). In other words, (100/odds) * Bet Size = Profit. ) If you need to add more legs, just hit the + button. The result is -1. Sports books typically use the odds to guarantee themselves a percentage of every. A moneyline bet would be a bet on -150 or +180. 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. Thus, on a $100 bet, your total payout would be $150 (original stake + profit). In this scenario, you end up with $466. How is Moneyline calculated? To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. You can add more excitement and bigger potential payouts to your sports betting experience by combining moneyline bets into parlays. It is also one of the best NFL betting sites that we recommend. You’ll see that you’d get a payout of $183. The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. Moneyline. Use it to calculate the odds for any combination of bets on a parlay ticket. Learn how to bet on sports by using our betting odds, odds value, odds converter, and hedging calculators to get all the data you need to make the right wagers. NFL Week 12 Black Friday Odds: Dolphins vs Jets Spread, Moneyline, Total. Let’s use Super Bowl 57 as an example. Your payout, if every bet in this parlay hits, would be $723. The decimal odds you see in a Moneyline matchup are based on each team’s expected probability of winning. $50 * (350/100) = $175. And you can learn how to calculate parlay odds and payouts. Recap: calculating betting odds with the Moneyline system . If you were to bet $100 on five moneyline favorites at -250 odds each ($500 wagered in total) and won three of. . ; Bet Amount: Dollar amount you invest in the betFirst, convert those odds to decimal, which is 1. 57 on. It can be by a single point or by a 30-point margin: the only thing that matters is which team walks away with a W in the result column. Similarly, if the moneyline minus odds are +120, you would need to bet $100 to win $120. Input the exact amount to want to stake on this bet. A +170 odds bet will pay out $1. A negative money line is indicated with a ‘-‘ in front of a number, like -230. 00 for the initial investment. Moneyline is a popular term in sports betting that refers to a type of wager where the bettor chooses which team or individual athlete will win a game or. By multiplying each of these together, we get odds of 4. 4%. If it’s greater than or equal to 2 you multiply the decimal odds minus one by 100. Then, you simply add the two probabilities together and compare that number to 100%. Multiple all of the underdog and favorite lines together to get the total odds value of your parlay. Your stake will always be $100 when betting on the non-favored team or player to win the match while your payout will be much higher. The easiest way to understand moneyline wagers is by using a $100 bet as an example. Enter the total wager amount into the parlay calculator with the money line for each game to calculate the potential return. What the final score is, or any other circumstances of the game, don’t matter. This will return 2 figures. The team with a negative number (like -110) is the favorite. Outspread to moneyline converter would quickly reveal that the expected moneyline odds for the Celtics as favorites to win would be -349. 50). How do you determine your potential payout precisely? The Moneyline number is the potential payout. The easiest way to calculate a parlay payout is to first convert moneyline odds to decimal odds…. 4. The wager that we are making is that the die will land on 3. As the parlay grows in size, the payout and risk grow hand-in-hand. Implied probability = 100 / (positive American odds + 100) * 100. 00, your payout if you won your bet would equal $20 ($10 x 2. 1, whereas the Clippers would have the underdog moneyline odds of +270. 615). Review your bet slip and when you are done, click on the “Submit Bet. Here’s an example with -250. Step 5: Straight or Parlay? The last step would be to decide whether you want to place a straight bet or make a combination of two or more in a parlay. To convert positive moneyline odds to decimal odds, divide the positive moneyline by 100, and add 1, as shown. A moneyline bet is simply a wager on which. In this case, you’ll receive $16. For football pools (pick’em) where there is also a weekly prize, we generally go with $2 to $5 per week, with an extra $20 to $50 each for the overall prize. Actual Odds. 32 to cover your stake and $62. NFL Odds and lines are usually set well in advance before the actual event, but they rarely stay there. Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator above. You can also view corresponding odds by their implied probability of winning (expected win %), as well as calculate payouts for sports bets based on the amount wagered ($100. How parlay odds are calculated. bet size * (odds/100) = moneyline underdog profits. Log in to your new FanDuel Sportsbook account. DAL 2. If you think Anaheim will win, click on the +135. For instance, a decimal value of 1. 22 for every $1 gambled and so on. From here, you could type in the decimal odds for each of the four teams, which for this example would be 2. However, there is great value in moneyline betting when you know what you’re doing. Los Angeles Dodgers -140. You will get the payout for a certain number of legs from the parlay calculator. 1 -1) * 100 = +110. If they beat them by 1 point, you win your bet. 00 is used by default). 14. That’s it. The difference in implied probability between the. And so on. We’ll use the following moneyline bet where the favorite is listed at. Moneyline bets are extremely easy to understand because the parameter to win is so simple. If any of the games lose, the entire wager loses. 5 puck line bet, it would have to win by two or more goals. 68. This makes sense because both 55 percent and 45 percent are both the same probabilistic distance away from the coin-flip odds of 50 percent; they just go in. The Chiefs ended up winning the Super Bowl, and anyone that bet the Chiefs outright would receive a payout of 1:1, as indicated by the +100 odds, a $100 bet. Calculating payouts with decimal odds is simple, you can simply multiply your wager by the decimal odds. 00); the profit is £300. The round robin calculator will then tell you: 1. The odds for the moneyline will be adjusted based on each team or player’s ability, which means there is much more. 44) Take the quotient and multiply it by 100 to convert it to a percentage (0. 25 x $85. 🤓 Let's go with an example! You place a $100 parlay bet. 4, and 1. 25). How to calculate payouts from moneyline odds. It is a bet that has. 5 points or more. If your stake was $10, and the odds you bet on are 2. Our free odds calculator will help you convert American, Decimal and Fraction odds while also getting implied probability and calculating moneyline payouts. Just fill out your bet amount and the odds to see your payout and the implied probability of your bet. Bet Amount. Moneyline only requires you to pick the winning team, while point spread wagers also involve a match handicap. 36 x 1. 8 x 3. 36 x 1. Later in the third quarter my sports book had a live wagering moneyline for the Lakers at 2. To calculate the total value of a parlay, you will multiply all of these numbers together; in our case, we are multiplying 1. comIn sports betting, a moneyline bet is a wager on which team will win a game. +200 is $2 for every $1. 91 in decimal odds. The NFL moneyline key takeaways. There are two main reasons that move the lines: Unexpected events in the team like an injury. This makes it simpler to understand the parlay formula. The more games added to a parlay, the higher the payout potential. For example, if you bet $100 on the Pistons beating the Knicks at 2. 22, and 1. So if the Jets are 2. Moneylines are the primary wagering option for hockey and baseball, while for basketball and football they are viewed as a secondary alternative to the point spread. 1-) = +110. The payout on the moneyline varies from bet to bet, and. 2. You can also use the following equation to calculate vig without having to convert to implied probability first (since it’s a part of the equation): Vig = ( (favorite odds / (favorite odds + 100) * 100) + (100 / (underdog odds + 100) * 100)) – 100. The Chiefs ended up winning the Super Bowl, and anyone that bet the Chiefs outright would receive a payout of 1:1, as indicated by the +100 odds, a $100 bet. Moneyline bets are a very popular option to add to parlay bets. The Cowboys moneyline live betting line is now at +200. Another common moneyline parlay strategy is the “Favorites + one” technique. To calculate the payout for a positive moneyline bet, simply divide the odds by 100 and multiply by the bet amount. (So your profit is only $5. When you bet the moneyline, the payouts work just like any other type of bet. 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. A moneyline bet is on the straight-up winner of a game. The odds are set based on a team or player’s ability. Here a money line parlay calculator would first convert the American odds format to a decimal odds format. If you want the former, simply select “Place Bet. Hit the Calculate button. The Cowboys are favored on the moneyline at -115 and the Steelers are underdogs at +105. 5×50=275. For a team to cover a -1. 50 to the bettor. If you want to bet on Golovkin to win the fight (8/13 odds), calculate your winnings by multiplying your wager by the quotient of 8 ÷ 13 (0. How to Calculate Moneyline Payouts. 5 from the prop or the 6 from the totals bet. 5 Over. Here’s how the two bets payout separately with a $100 budget: Astros. Every time you do so, your payout will be updated. So, a $50 bet would win $175. A moneyline bet simply involves you picking one of two teams to win the game. This would make your total payout $225 if the Ravens. How to Read Betting Odds: Learn how to read odds, calculate your payout, and calculate the implied probability of your bet winning in each odds format (American, Decimal, Fractional). Josh Nagel 37-17-3 (69%) L57. Use our moneyline calculator to help you with your NFL moneyline betting strategy. -based sportsbook, FanDuel sportsbook relies on the American betting odds system, which can be initially hard to understand. Choose the amount of money you want to bet $ $0. This mindset makes the underdog moneyline wagers appealing to both new and seasoned punters. 67 bet on the Cowboys moneyline, you would guarantee yourself a profit of $133. 29 x $10 = $242. If you've ever made an informal wager with a friend, like who can run the fastest, who can get the highest score on a video game, or who can eat the spiciest chilli, you've made a moneyline bet. From the 103. Subtract your original stake to get the parlay odds. 6666. Start by adding the two probabilities together. Two-way vs. Rams (-350): 1. Enter the amount you want to bet, i. 4; Divide 100 / 1. If you bet $5 at 2. How to Calculate Moneyline Odds. 00. Good luck! Our free Parlay Calculator works out the value of. In decimal odds, that would be 1. How to calculate moneyline odds payouts? One of the most popular ways to bet on sports is the moneyline. A four-team. UK Round Robin Bet Calculator - The UK version of the Round Robin Calculator. -140/+120. Multiplied together, the overall odds of your parlay bet would work out to be 7. With odds of -230, a $23 bet would return $10 in profit, or a $2. Totals. 00 and 5. If they win, you get money, and if they lose, then you don't get any money. Download App A moneyline bet is a wager on a team to win a game. See what your total payout and winnings will be. Example: if the values of cells A1 and A2 both equal -102 ExchUS2Holds (A1. To calculate another parlay, click "Clear" and start again. If I took the Knicks here, I would risk $200 to win $100. For the Super Bowl, you could calculate a total payout on a $100. The decimal odds you see in a Moneyline matchup are based on each team’s expected probability of winning. So you would payout $45 and keep $35 profit. BetMGM. A moneyline bet would be what most of your average bets in the US look like. American Odds. Bettors can create a parlay by grouping any type of bets together, like a moneyline and an over/under total. Example for 2. If you were to bet $100 on five moneyline favorites at -250 odds each ($500 wagered in total) and won three of. Payout Calculation. By winning this bet with a betting stake of $10, you’d get to take home $240 in winnings ($230 profit, plus your original $10 stake). The size of the number also represents the payout - the larger the number, the greater the potential payout. We'll discuss what each means so bettors know exactly what they're wagering and what their potential payout is if they win. Moneyline odds of between -150 and +150 and spreads and totals at -110 or -105 are. Step 2: Input the amount of money you want to stake. 10. In the case of the Lakers-Celtics game, the Lakers are the moneyline favorite at -180, while the Celtics are the underdog at +130. A winning $50 moneyline bet on the Bills returns $107. Calculating Payouts On Moneyline Odds in Kansas. 29. Moneyline bets simply require that you pick a team to win the game, with no point spread or any other correlation to margin of victory involved. When they are a negative number, the number represents the amount of money that needs to be staked in order to win $100. So for a bet of $50 at +280, we get this: 280/100 = 2. When the implied probability is above 50%, we make the following calculation. As one of the simplest forms of odds, money lines can easily be read by bettors when they take straight odds. The free parlay calculator lets you build a parlay wager that includes many games and calculates the expected payoff. 50). Calculating parlay odds is simple when using decimal odds: Simply multiply the odds from each leg together to get the parlay odds. How to Calculate Moneyline Winnings. 77) equals a payout of $35. Juice in sports betting is the cut a sportsbook keeps for taking your bet. 220/120 = 1. Additionally, if the odds are at -120, a $12 wager would calculate to a $10 profit with a. Team. Understanding the moneyline is essential for sports bettors as it helps them make informed decisions and calculate potential winnings. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet. That 20-point difference is the most common juice you’ll see for moneyline. The answer: $195. Log in to your new FanDuel Sportsbook account. 29. 50). A Florida gambler won $5. 00) and Y (1. 50. There are no other contingencies. 66) and lose the Chiefs futures bet (-$100). 44 x 100 = 44%) Our calculation shows that the oddsmaker believes the Dodgers have a 44% chance of beating the Red Sox. 42; You win $71. The Ravens are -125 on the Moneyline as slight favorites. A. In the United States, most sportsbooks use. The Eagles were -125 and the Chiefs were +100. If the bet works out, the player would receive a total payout of $300 ($200 net profit + $100 initial stake). a. Here's a more detailed breakdown. You do not have to account for whether or not the team or contestant is a favorite or an underdog. But because baseball is low scoring, the spread will almost always be -1. Inputs. A negative money line is indicated with a ‘-‘ in front of a number, like -230. ”. 00, 3. 03 payout; $10 bet = $3. When the moneyline price is negative, take 100 and divide it by the moneyline amount (first removing the minus sign), and add 1. Learn how to bet on sports by using our betting odds, odds value, odds converter, and hedging calculators to get all the data you need to make the right wagers.