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Then round to the nearest whole number. So we’re here to break it down for you. 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. These moneyline odds are generally used for an event with two outcomes. In the NFL, buying a half-point from +2.5 to +3 costs about 25 cents depending on the sportsbook. 6. For example, +160 odds would be calculated as 100/(160+100)*100. 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. 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. 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. They take responsible gambling very seriously. Yes. FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. Click “Calculate”. A tool like the. 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. Breaking Odds. Let’s say you bet $100 at +120. Is online sports betting legal in the US? Bowls . Bettors are just picking the winning side. Or check out the sportsbooks below for the best odds. Follow these steps to get quick, clear results using the moneyline converter: 1. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet. 2020 © Sportsbook Review. Multiply the odds together by the stake of your bet. It’s especially useful for evaluating the implied probability of winning and payout odds. How to Convert NCAAF Spreads to Moneylines & Calculating Value. In that case, you are returned your original bet plus profit, so you now have $220. : Legal US sportsbooks generally present several different ways to wager on sports. Converts amount wagered and odds (positive or negative) into possible winnings. Moneyline bets present the most straightforward way to wager on a sports contest. The moneyline equivalent to +2.5 points on the spread is roughly +125, while +3 points translates to roughly +140 on the moneyline. A federal mandate known as the Professional and Amateur Sports Protection Act (PASPA) was overturned in May 2018, giving US states the legal clearance to offer state-regulated sports betting. You can enter this spread to find out the value you should expect by choosing the moneyline instead of the spread. Want to learn more? The payout odds on the favorite and underdog can differ significantly on a moneyline bet. The point spread is basically used to create a 50/50 betting proposition. If we stick with the example used above, you might find that Baltimore is the 8.5-point favorite in the spread. That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting. 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. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds. The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. However, you would stand a far greater chance of success. Spread Moneyline Total 1st Half Spread 1st Half Moneyline 1st Half Total 2nd Half Spread 2nd Half Moneyline. To calculate the return to the bettor, add the “To Win” number to the original amount of the wager. See the point spread to money line conversion chart for a quick reference to these fair odds. NOTE: This converter does not take into effect the juice (vig), but instead handles it as if this were a perfect world. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30). The really important difference is that the line is linear. Note that it is a curve that approaches, but will never get to $0. 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. For any favorite or underdog input, the calculator produces the implied probability of that team winning. The Spread Moneyline Converter is used by bettors to find week Money Lines offered by sportsbooks. Fractional to moneyline . Moneyline Odds Calculator. The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. 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. Is it legal to use a moneyline odds calculator? 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). 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. 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 moneyline odds from decimal odds greater than 2.0, multiply the difference between the decimal odds and 1 by 100. More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending. 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. We all love to bet on the spread, but sometimes the money line is offering better value. 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. View entire discussion ( 7 comments) More posts from the sportsbook community. To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). This moneyline converter helps you spot and capitalize upon weak moneylines at sportsbooks. Moneyline Betting on Close Games . First divide 100 by 165 (without the “-”), which yields 60.6. Posted by 6 days ago. The last two season's average moneyline to spread data table. Looking for other calculators to use when sports betting? Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form (100/moneyline) -> simplest form. American odds of +160 would convert to 8/5 fractional odds. 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 -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Odds Coach moneyline calculator. This is reflected in the odds, which are typically -110 on both sides of the wager. 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. You can use this moneyline and point spread calculator to work out the expected value you should enjoy in moneyline betting. A moneyline bet in sports refers to a wager on the winning team. Moneyline Odds Calculator . 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. When you look at the point spread for these contests, you can quickly see which ones may have favorable moneyline odds. The moneyline underdog will always pay out at better odds than the favorite. In the example above, we're looking at a typical seven-point spread in the NFL with standard -110 juice on each side. Per the converter, you can expect the favorite to have a moneyline … Choose the league you are betting on from NBA, NFL, college basketball and college football. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others. Below we work through an example of a bet of $100 at -110 moneyline odds. 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. Type in the odds on each side of the point spread bet. It is important to notice that multiplying by -1 is required to give us the positive payout: PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100). Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others. A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which … Underdogs. However, you should stick to safe, reliable, trustworthy operators that have earned a strong score in the SBR rating guide. Use this tool so you don’t miss out. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30). Sports betting calculators, Over Under Calculator, Money Line Calculator, Odds Calculator, Spread Calculator . It is one of the most important first steps to understanding sports betting and is crucial to success. Grab it from our widgets page for free! The following page includes the MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets. However for many sports and markets such as American Football, Boxing etc. 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. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. League: NFL 2. The spread is another very popular betting line among sportsbook players. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. The calculation changes based on if it is a positive or negative odd. The alternative would be to bet on Cleveland +8.5 in this example of a spread bet. 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. Amount to Bet $ Odds : Amount to Win $ Parlay Calculator . The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. 11,261 Followers Follow. 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. Unlike multiple betting, point spread betting involves using a median number calculated by a bookmaker, when two teams are competing against each other. This page allows you to find out the fair moneyline odds you should receive based on the point spread a sportsbook is offering. 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. You would then be able to bet on Baltimore to cover the point spread, and the Ravens would have to win by 9 or more points in order to do so. If you’re thinking of placing a parlay bet, it’s always a good idea to use a calculator to see exactly what the payout is One of the most important features of the Odds Coach Moneyline Calculator is the Implied Probability feature. 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. A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. 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. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. Decide whether you want to convert from point spread to moneyline, or vice versa. (Note: Bettors can calculate odds of buying half points here.) A moneyline bet is a straightforward wager on which team will win a particular game. Let’s say that Cleveland is scheduled to take on Baltimore in an NFL game. 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. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. You would make a $305 profit if you bet $100 on Cleveland on the moneyline and the Browns went on to win the game. 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. To convert +160 into fractional odds, for example, divide 160 by 100 (160/100) and reduce that fraction to the lowest whole number denominator. A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. 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. 3. 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. That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. The “To Win” output yields the profit produced if the Rays win. Point Spread: Money Line-2-130/+110-2.5-140/+120-3-155/+135-3.5-175/+155 … 5. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. 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. Calculator converts the “ to win ” output yields the profit, convert to spread to moneyline calculator! 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