One of the most important features of the Gaming Today Moneyline Calculator is the Implied Probability feature.įor any favorite or underdog input, the calculator produces the implied probability of that team winning. 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. 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 Gaming Today Moneyline Calculator allows for quick calculations for any wager amount and payout odds. 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 -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Gaming Today moneyline calculator. A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.) Decimal Oddsĭecimal 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. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager.Ī $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which yields 1.4), multiplied by $50 (1.4*$50=$70). The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30).Ī $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. First divide 100 by 165 (without the “-”), which yields 60.6. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet.įor example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. PointsBet sets the Los Angeles Dodgers as the favorite in the game, with -165 moneyline odds. Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds.įor example, here’s a look at a line offered by PointsBet on Game 1 of the 2020 World Series: Point Spread 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. The moneyline underdog will always pay out at better odds than the favorite. Moneyline BetsĪ moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting. Legal US sportsbooks generally present several different ways to wager on sports. Moneyline Calculatorįill 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.: What Is A Moneyline Bet? 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. Have you ever heard of moneyline betting? 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.
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