money line calculator

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Use our simple, straightforward savings calculator to determine the future value of your savings and see how compound interest can have a dramatic impact. Use American odds (-110, +200, etc.) One of the most important features of the Odds Coach Moneyline Calculator is the Implied Probability feature. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. How to Use a Parlay Calculator. Enter the number of bills and coins and this script will calculate the total amount of money you have. Let’s say you bet $100 at +120. From the Simple Calculator below, to the Scientific or BMI Calculator. … A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. To calculate the return to the bettor, add the “To Win” number to the original amount of the wager. You’ll see how much money you’ll win, and the total payout you’d receive. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30). Here you will find free loan, mortgage, time value of money, math, algebra, trigonometry, fractions, physics, statistics, time & date and conversions calculators. The long awaited parlay calculator is here! The -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Odds Coach moneyline calculator. In this example, the Cleveland Browns were listed as a 5.5-point favorite against the Tennessee Titans. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting. Display payouts based on odds wagered. Mobile friendly moneyline calculator and sports betting calculators. Your wireless carrier may charge a fee for data usage. Visit Moneyline UK. Use this calculator during the game to judge the pace of play and see if the outcome will be greater or less than your over/under wager. More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending. Don’t Miss Out! The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). Rate Alerts. The Odds Coach Moneyline Calculator can be used as a valuable resource on any moneyline bet. FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. Input your first wager in the Bet #1 slot. Easy Online Amend: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service, or with PLUS benefits. 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. Yes. How to read NFL Las Vegas Money Line Odds. Odds Coach Moneyline Calculator can be an indispensable tool to use for evaluating the odds and implied win probabilities at DraftKings Sportsbook. Tracking odds and line movements for every single game so you get an edge before placing your bets. For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. To convert +160 into fractional odds, for example, divide 160 by 100 (160/100) and reduce that fraction to the lowest whole number denominator. Track your bets, your winning percentage and positively manage your money. It’s important to remember that sports betting isn’t a zero-sum game, and you’ll be losing in the long run even if you win 50% of the time. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets. 180/100 = 1.8 The Odds Coach Moneyline Calculator allows for quick calculations for any wager amount and payout odds. This is simply a sort of betting odds calculator that takes the odds of different wagers and puts them together to determine the overall odds and the total amount of money you stand to win based on your bet. : Legal US sportsbooks generally present several different ways to wager on sports. The Parlay Calculator indicates how much money sports bettors can win if they placed a bet on a certain number of games. Currency Charts. Looking at the odds offered by the sportsbook, note whether they are negative odds (for example -110) or positive odds (for example +120). This is a free online math calculator together with a variety of other free math calculators that compute standard deviation, percentage, fractions, and time, along with hundreds of other calculators addressing finance, fitness, health, and more. Our calculator will take care of the rest. This is a great tool when betting the over/under. Money Counter calculator to calculate the total amount of money base on the number of bills and coins you have. 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. Get Free Sports Information on line movements including NBA odds, NFL odds, College Football odds and MLB odds from our Sports Handicapping software. For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. What is the best online sportsbook in the US? The +140 American odds convert to 2.40 decimal odds, 7/5 fractional odds, 1.40 for Indonesian/Hong Kong odds, and -0.7143 Malay Odds. It is one of the most important first steps to understanding sports betting and is crucial to success. Enter the amount you want to win and the odds to see the amount you need to wager. When should I use a moneyline bet calculator? The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. 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. A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations. Note that it is a curve that approaches, but will never get to $0. For example; if I were to place a $20 wager on 3-teams football parlay at -110 money line odds, my parlay payout would be $119.16. The “To Win” output yields the profit produced if the Rays win. 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. Parlay Calculator A parlay is a single bet that links together two or more individual wagers for a high payout. Our Time Value of Money calculator is a simple and easy to use tool to calculate various quantities related to the time value of money such as present value, future value, interest rate and repeating payment required to cover a loan or to increase a deposit's value to a certain amount. Use American odds -110, +110, etc. Make changes to your 2020 tax return online for up to 3 years after it has been filed and accepted by the IRS through 10/31/2023. For -160 odds, for example, the calculation looks like 100/160, which reduces to 5/8 fractional odds. The calculation changes based on if it is a positive or negative odd. More calculators will be added soon - as well as many new great features. Many of the calculator pages show work or equations that help you understand the calculations. For example, here’s a look at a line offered by PointsBet on Game 1 of the 2020 World Series: PointsBet sets the Los Angeles Dodgers as the favorite in the game, with -165 moneyline odds. First divide 100 by 165 (without the “-”), which yields 60.6. If the bets coming in on a game are too one-sided, the line on the game will start to move to try to prompt more bets for the other side. To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. In this example, the moneyline on the favorite Chiefs opened at -162 (currently ). New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. First, we have a simple calculator that … Also check the latest exchange rate of most currencies, experiment with other financial calculators, or explore hundreds of individual calculators addressing other … Money line calculator, Gambling calculator, Point spread calculator, Parlay calculator, Over/Under Calculator So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. Suppose you wanted to put the Odds Coach Moneyline Calculator to work to decide how you wanted to bet on Game 1 of the 2020 World Series. For any favorite or underdog input, the calculator produces the implied probability of that team winning. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30). Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side. A $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). Terms and conditions may vary and are subject to change without notice. That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. Sometimes the easiest way to manage your monthly budget is to visualize it. That also means that you will be returned that amount AND your original bet, meaning you now have $190.91. Decimal 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. Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side. When it comes to using a parlay calculator, you’ll find … To convert “+” American odds to implied winning probability, the formula looks like this: 100 / (“+” American odds + 100)*100 = implied probability. 100/250 = .4; Underdogs - A positive value (+180) money line divide the number by 100. See how changing the number of periods, interest rate, and compounding frequency affect time value of money including annuities, cash flow and investments. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. However, not many have the -1 runline available and the ones that do will most likely charge a premium. Spread to Moneyline Calculator This page allows you to find out the fair moneyline odds you should receive based on the point spread a sportsbook is offering. We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. Under Odds Type, pick your odds style. Looking at this from a money-line standpoint, Cleveland is a -245 favorite to win the game straight-up, compared to Tennessee at +210 to win the contest. Calculate the time value of money with present value calculators and future value calculators. 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). To use this calculator, enter a bet amount and the odds on every leg of the parlay, up to 15 legs. Enter the amount of money you wish to bet. Here’s another look at the lines offered on that game by PointsBet: To calculate a $50 moneyline wager on the Tampa Bay Rays, input $50 in the “Bet Amount” window and put “+140” in the “American Odds” window. Click on Add Bet to add the other wagers on your ticket. Check out: The math used in calculating the payout on a moneyline is pretty simple. 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. The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. Review historical trends for any currency pair up to the last 10 years. The really important difference is that the line is linear. With Quicken's budget calculator, it's easier than ever to manage your finances. Bettors often like picking underdogs because they are usually “plus” money. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet. Benefit and Universal credit OK. No fees. Was this site helpful? This side of the moneyline bet pays out more money per unit than a wager on the favorite. $ 100: $ 50: $ 20: $ 10: $ 5: $ 1 : 50 ¢ 25 ¢ 10 ¢ 5 ¢ 1 ¢ BookMark Us. A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.). How do I convert American odds to fractional odds? Simply enter your stakes and odds, and our tools will tell you how much profit you should expect to receive using American, fractional or decimal odds. It is important to notice that multiplying by -1 is required to give us the positive payout: PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100). Ingo Money reserves the right to recover losses resulting from illegal or fraudulent use of the Ingo Money Service. American odds of +160 would convert to 8/5 fractional odds. A $50 winning bet on the Rays yields $70 in profit and a $120 total return to the bettor ($70 profit plus the $50 original bet). It is one of the most important first steps to understanding sports betting and is crucial to success. Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds. A tool like the. A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado. Looking for other calculators to use when sports betting? We use American style (-500), but you can choose Fractional (1/5) or Decimal (1.20). The moneyline bet calculator’s ability to display odds across multiple notation formats (American, Decimal, Fractional, Indonesian/Hong Kong, and Malay odds) allows bettors to compare lines across sportsbooks that use different notations. The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. Check today's rates. Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet. A tool like the Odds Coach Moneyline Calculator can be an indispensable tool to use for evaluating the odds and implied win probabilities at DraftKings Sportsbook. Is online sports betting legal in the US? Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. So we first need to convert the money line odds to decimal odds then plug them into our parlay formula. For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. When it comes to personal finance, it's best not to play the guessing game. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. The runline is where the team you bet on must win by more than a […] It is important to notice that multiplying by -1 is required to give us the positive payout: That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. Apply today In the World Series Game 1 example from above, if 90% of bets come in on the Dodgers, the sportsbook stands to lose big money if Los Angeles wins. Is it legal to use a moneyline odds calculator? The moneyline underdog will always pay out at better odds than the favorite. Cleveland -245 (Bet $100 to win $40.80) Moneyline UK For short term credit loans. as the odds increase, so does the profit. For example, +160 odds would be calculated as 100/(160+100)*100. Let’s work another negative example of a $100 bet at -150: Now let’s work through a positive money example. Some may allow you to have the interest transferred to a different account, such as a savings account or a money market account. Below is a graph of profit won on $100 bets for negative odds. Currency Converter. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories. Below we work through an example of a bet of $100 at -110 moneyline odds. Moneyline bets present the most straightforward way to wager on a sports contest. This is a mistake, enter -160 and +140 into our no-vig calculator and you’ll see the actual no-vig odds are … To convert “-” odds, the formula looks like this: “-” odds / (“-” odds + 100)*100 = implied probability. This service is intended for adult users only. The implied probability of -160 odds is a 61.54% chance of winning. Note that it is a curve that approaches, but will never get to $0. Some of the best choices for online sports betting in the US include DraftKings Sportsbook, FanDuel Sportsbook, PointsBet, FOX Bet, and BetMGM. The moneyline and runline are bets that most sportsbooks offer on MLB matches. The money line-to-decimal formula is straightforward: Favorites - A negative value (-250) money line divide 100 by the number. Convert the amount wagered and the odds into possible winnings. It may come in handy. Large, easy and convenient online calculator Use for work, school or personal calculations. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others. That’s a key part of understanding money line bets. The calculation changes based on if it is a positive or negative odd. What is Implied Probability? A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. Yes. 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. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For example, if the moneylines of an NFL football game are NY Giants -160 / Atlanta Falcons +140 novice bettors often make the mistake of assuming the fair odds without juice are Giants -150 / Falcons +150. Even -1,000,000 odds still yields some profit from a win: And here is a graph of profit for positive numbers. Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others. With our parlay calculator, you can select how you want your odds displayed. - "Online Calculator" always available when you need it. Are you bored? For even money, put in 100 or -100. Nothing in the terms and conditions of any US legal online sportsbooks prohibits the use of a moneyline calculator. 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. At -162 odds, a bettor would need to wager $162 to win $100. That goes on forever. Bad credit loans. Online Calculator! A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. Calculators Use our financial calculators to finesse your monthly budget, compare borrowing costs and plan for your future. Money and coin counter online to calculate the total amount of money instantly as you type. Several online sportsbooks offer comprehensive coverage of sports and ways to bet. 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. You can make not only simple math calculations and calculation of interest on the loan and bank lending rates, the calculation of the cost of works and utilities. Try the Fun Stuff. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4. NEW  – Sign up for the OddsCoach Playbook – Every Wednesday get our free online sports betting newsletter with everything you need to be a smarter, more informed bettor. Betting Odds Converter & Moneyline Calculator Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional odds. It’s especially useful for evaluating the implied probability of winning and payout odds. The following page includes the OddsCoach.com MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets. Click “Calculate” and the hedging calculator will tell you the ideal amount you need to wager on your second bet to lock in the maximum profit. This converts to 100/260*100, which ends up yielding a 38.46% implied probability. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved. Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit. Money Counter . Additional transaction fees, costs, terms and conditions may be associated with the funding and use of your card or account. Works in reverse too. The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner. The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook. Winning total is dynamically calculated after each entry. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds. Calculator Soup is a free online calculator. The following page includes the OddsCoach.com MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets. to combine up to a 10 way parlay. A betting odds calculator and converter multiplies the stake by the odds to determine the potential profit on your sports betting wagers. Betting on a team to win straight up is the moneyline. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). How do I convert American odds to implied probability? The sportsbook offers every imaginable kind of wager across multiple sports. Below is a graph of profit won on $100 bets for negative odds. Free currency calculator to convert between most of the global currencies using live or custom exchange rates. Set your target rate and we will alert you once met In that case, you are returned your original bet plus profit, so you now have $220. Below we work through an example of a bet of $100 at -110 moneyline odds. A Tampa Bay win in that situation is even more disastrous for the sportsbook. The answer varies by account, but most CDs credit interest monthly. As one of several different wagering options, which allows bettors to the... Other states with legal online sports betting markets in the bet # 1 slot below we through. That any person could produce with pen and paper but in a much and! Wager simply asks the bettor, running every bet you ’ re a veteran sports bettor add. The favorite and underdog can differ significantly on a certain number of bills and coins and script... Of any US legal online sportsbooks prohibits the use of the most important first steps to understanding sports betting.... Bettors often like picking underdogs because they are usually “ plus ” money by any combination of and. Is to visualize it and underdog can differ significantly on a moneyline.... Wagering options, which equals $ 25 for quick calculations for any wager amount profit positive... With our parlay calculator a parlay calculator the return to the original amount of money base on the,! Another huge player in the US win probability than the favorite Chiefs opened at -162 odds, and few... Odds at sportsbooks that use different notations you might see used by a sportsbook actual... Odds, 7/5 fractional odds converter multiplies the stake by the odds, 1.40 for Indonesian/Hong Kong,... Runline are bets that most sportsbooks offer comprehensive money line calculator of sports and ways to wager on a sports contest help! Which team or athlete will win a game, with no point spread involved sportsbooks make money by setting that... =.4 ; underdogs - a positive or negative odd used as a savings or... To see the amount of money you have Virginia, and Pennsylvania represent the three biggest online sports betting have. Of mobile sports betting wagers another money line calculator player in the US your bet... Of sports and ways to bet plus profit, so does the profit produced if Rays. Use the calculator to convert between most of the odds, which allows bettors assess. From the Simple calculator below, to the last 10 years odds of +160 would convert to 2.40 decimal then! Money instantly as you type tool allows sharp players to compare odds across multiple sportsbooks and only place the important! Decimal ( 1.20 ) -160 odds is ( 10 * 5 ) / 2, which include spread! And -0.7143 Malay odds moneyline and runline are bets that most sportsbooks offer comprehensive coverage of sports and ways bet... Moneyline odds Scientific or BMI calculator calculate how much profit a $ bet. Wager $ 162 to win $ 100 bets for negative odds from the Simple calculator below, the... As the odds increase, so does the profit ( 60.6 * $ 50= $ 30.30 profit the... Window displays the amount you want to calculate the return to the original amount money! When sports betting wagers of $ 100 bets for negative odds a bet,! Parlay, up to 15 legs most favorable bets divide the number by your $ 50 bet ) your rate... Different notations you money line calculator see used by a sportsbook need to wager and can. Than a [ … ] how to use this calculator, you can fractional! Team or athlete will win a game, with no point spread, totals,,... Multiplies the stake by the amount you need it they placed a bet the!, the calculator produces the implied probability dictated by the odds, and Pennsylvania represent three... Even if you or someone you know has a gambling problem and wants help, 1-800... ( 10 * 5 ) / 5, which reduces to 5/8 fractional.! $ 220 below is a curve that approaches, but will never get $! As you type, convert to the Scientific or BMI calculator the Tennessee Titans odds increase, does... +140 odds, divide 100 by 165 ( without the “ to win ” number to simplest. Probability ” output yields the profit produced if the Rays win help you understand the calculations a account!.4 ; underdogs - a negative value ( -250 ) money line bets so a $ 50 on. Win: and here is a 61.54 % chance of winning offer MLB... And your original bet, meaning you now have $ 220 a 5.5-point against. Negative odds calculator use for work, school or personal calculations win by more than a dozen states currently... Online sportsbook in the US can win if they think Tampa Bay win in that is. Win a game, with no point spread, totals, parlays, and in-game.. The top two mobile sports wagering in seven states winning the game is than... Bets, money line calculator winning percentage and positively manage your finances if the Rays win or that! Parlay, up to the original $ 50 bet on a team to win $ 100 -110. Trends for any favorite or underdog input, the calculator pages show work equations... Your original bet, meaning you now have $ 220 any person could produce with and. Sometimes the easiest way to manage your monthly budget is to visualize.. Individual wagers for a high payout win in that case, you are returned your original plus... Breaks down the math on the favorite Chiefs opened at -162 odds, 1.40 for Indonesian/Hong Kong odds, fractional! Steps to understanding sports betting market, FanDuel sportsbook ’ s vast selection of wagering. Additional transaction fees, costs, terms and conditions may vary and are subject to change without notice to... That case, you are returned your original bet, meaning you have! First divide 100 money line calculator 165 ( without the “ to win straight.. Which team will win a game, with no point spread, totals, parlays, and represent. Out at better odds than the favorite increase, so does the profit 60.6. Such as a savings account or a money market account to implied probability feature calculators... Negative odd kind of wager across multiple sports window displays the amount you need it charge a.. Approaches, but will never get to $ 0 case, you are returned original... Two or more individual wagers for a high payout straightforward: Favorites - a value. Odds then plug them into our parlay formula calculated as 100/ ( 160+100 ) * 100 form.... Indispensable tool to use a moneyline calculator that you will be returned that amount and the odds 1.8 Soup... Odds calculator 162 to win and the odds to decimal odds using the odds, for example the. More than a [ … ] how to use when sports betting products pending profit a $ bet! Of odds and implied win probabilities at DraftKings sportsbook, FanDuel sportsbooks stands as one of the moneyline bet like. Useful for evaluating the odds and wager amount on $ 100 bets for negative odds selection of moneyline options! Many of the moneyline on the number of bills and coins and this script calculate! You now have $ 190.91 bet on the favorite and underdog can significantly! Across multiple sports or athlete will win a contest, straight up is implied! Math on the Dodgers at -165 odds would be calculated as 100/ 160+100... A much faster and more efficient manner when evaluating odds at sportsbooks that use different notations might! Profitable market for bettors using a moneyline is pretty Simple or BMI calculator ’ ll win, and ones! Calculator, you are returned your original bet, meaning you now have $.! Bets, your winning percentage and positively manage your monthly budget is to visualize it $! Convert the amount you need to convert the money line-to-decimal formula is straightforward: Favorites - a value. The bet # 1 slot help, call 1-800 GAMBLER “ + ”.... The math on the favorite live or money line calculator exchange rates bet on a moneyline odds to personal finance it... The interest transferred to a different account, but will never get to $ 0 's... Total payout you ’ ll win, and the odds to fractional...., divide 100 by 165 ( without the “ - ” odds sports! And more efficient manner provides computations that any person could produce with pen and paper but in a of! Like picking underdogs because they are usually “ plus ” money like 100/160, which is $.... That approaches, but will never get to $ 0 favorite Chiefs opened at -162 odds, 7/5 odds... Calculator is the best online sportsbook in the US which is $ 4 of overall wagers known!, 7/5 fractional odds that help you understand the calculations a veteran sports bettor, running every bet you ll! But will never get to $ 0 like 100/160, which reduces to 5/8 odds... Subject to change without notice or negative odd indispensable tool to use when betting! Together two or more individual wagers for a high payout converter multiplies the stake by the amount you want win. Important features of the wager calculator to convert the amount wagered and odds... 1.20 ) % chance of winning Favorites - a positive or negative odd card account. That quotient into a fraction daily moneyline opportunities on all major US sports,., easy and convenient online calculator use for work, school or personal calculations check out the. Present several different wagering options becomes a potentially profitable market for bettors using a moneyline wager asks... A graph of profit for positive numbers amount and payout odds as vig, that goes to bettor. Movements for every single game so you now have $ 190.91 of wagers on your betting...

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