Money line calculator
To calculate a moneyline payout, you take the odds of the team winning and multiply it by your bet amount. The money line calculator number is your potential payout, not. Use the parlay calculator to work out your winnings online for all sports. It supports moneyline odds, decimal odds, and you can enter up to 20 selections. Enter the amount of money you wish to bet. If you want to wager $ on the Knicks to win, you would type in the American Odds section of our moneyline. This sports betting calculator helps bettors compare moneyline odds and point spread odds. To use the OddsJam point spread calculator, simply enter the point.
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Moneyline Odds Calculator
In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football unless they go scoreless in overtime. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. Moneyline bets are as straightforward as it gets in sports betting.
You're betting on which side will win an event and if that side wins, you win. A spread bet is on the forecasted point differential between two teams. In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back. As for the odds, the most common number for spread bets is , but that number varies depending on the location, sportsbook and how popular each side is.
However, there are states where odds are worse in order to get the state more money such as or This is also called the vig , which is the amount the sportsbook charges per bet. If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em. Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back.
Also similar to spread bets is that the odds can vary. These odds may be the easiest of the three to understand just by looking at the numbers. The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite.
The return can be calculated by multiplying the bet with the the decimal odds. Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds.
Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, times 2. With the rise of legal sports betting in the US, there are now a lot of the best sportsbooks for people who want to bet on sports. Money line calculator It has never been easier to bet on sports in the United States, whether you use your computer or another gadget.
Multiply all decimal odds together to find the parlay odds. To determine the payout , multiply the result by the wager. Other odds-related calculators If you're interested in other ways of expressing the winning likelihood or would like to convert American odds to decimal or other quickly, our other tools can help you: Odds calculator ; Fractional odds calculator ; and Decimal odds calculator.
FAQ How to calculate payout from American odds. Multiply the result by the moneyline odd to calculate the profit. For a favorite - : Divide by the odds. Multiply the result by the bet - that's the payout. What is on moneyline betting odds. Michael Darcy. Chances for success.
Chances against success. Probability of winning. 
Probability of losing. American moneyline odds. Total returned. Potential net profit. Disclaimer: Omni Calculator does not recommend any form of betting. Advanced mode. Accuracy Bayes theorem Bertrand's box paradox … 30 more. People also viewed…. Coffee kick A long night of studying. Or maybe you're on a deadline?
We now know how to calculate the moneyline odds from our example. Since 0. Using the moneyline odds calculator to save yourself the hassle, you can also see the percentages. If you're interested in other ways of expressing the winning likelihood or would like to convert American odds to decimal or other quickly, our other tools can help you:.
It depends on the sign before the number. Embed Share via. Reviewed by Rahul Dhari. Table of contents: How do American betting odds work. How to calculate moneyline odds. Moneyline odds calculator explained How do I calculate moneyline parlay odds. Other odds-related calculators FAQ. How do American betting odds work. You're betting a favorite if the odds have a minus - sign in front of them.
Moneyline odds calculator explained You now know how to read the moneyline odds; it's time to learn how to calculate them. The easiest way to do it is to follow the following steps: Determine the chances for and against your team's success. Let's assume they're in great shape and take 5 and 2 as an example.
Divide the likelihood of losing by the victory probability to obtain the fractional odds , f f f. Convert f f f to a decimal number. Calculate the moneyline betting odds. How do I calculate moneyline parlay odds. To calculate the parlay odds from moneyline: Convert American odds to decimal for each bet.