To convert decimal odds to fractional, the formula is as follows: decimal odds - 1 = fractional odds. The most common American odds you’ll see is -110 and is often seen as the juice/vig on spread odds and Over/Under (total) odds. To do step one, you have convert the odds to decimal odds. Decide how much to stake, or bet, and then multiply this by the odds to determine your potential payout. Multiply the odds together by the stake of your bet. 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 ($100.00 is used by default). This format expresses odds in the form of fractions such as 4/1, which would be pronounced “four-to-one.” Four-to-one odds means that you will earn $4 for every $1 that you s… There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. First, we have a simple calculator that you can use to plug in any moneyline (American style odds) and quickly get the fair market probability that it implies. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog. Be sure to enter the minus sign (-) if applicable to your odds. The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets. A $100 bet made at decimal odds of 1.50 would return $150: $50 in profit and the original $100 amount risked. Our odds converter allows you to convert between decimal, fractional and moneyline odds. At +134 odds, a $100 wager would pay $134 in profit if the Bills won the game (for a total payout of $234). Greetings 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. To calculate a betting odds payout, first choose which odds format to use: American/moneyline odds, fractional/UK, or decimal/European. Betting Odds Converter & Moneyline Calculator. Fractional to moneyline. A parlay is a single bet that links together two or more individual wagers for a high payout. BreakingOdds sports betting odds service offers daily sportsbook odds, lines and point spreads, free sports betting ledgers, handicapping calculators customized for the sports handicapper, sporting news, articles and free sports picks. If the American odds are positive, the formula is as follows: American odds / 100 = fractional odds.If the American odds are negative, the formula is as follows: -100 / - American odds = fractional odds. The following chart shows how likely a team is to win based off the odds. 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. In most cases, the favorite will have a " - " in front of its moneyline odds while the underdog will always have a "+ ." Yes, our odds calculator shows the implied probability of winning your bet outright in an easy to read percentage. Odds with lower implied probability have larger risk and therefore pay out more compared to odds with higher implied probability and lower risk. 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 … When placing a parlay bet make sure to shop around and calculate the parlay with multiple sportsbooks as the odds and payout can vary greatly. Positive odds - 100 divided by (the american odds plus 100), multiplied by 100 to give a percentage e.g. If you see a - (negative) symbol then that team is the favorite and the team with the + (plus) sign is the underdog. That’s a key part of understanding money line bets. Implied probability is displayed as a percentage (10%, 52.38%, 83.33%, etc). Hedging in sports betting is often much more nuanced than just a simple calculator. For example, you would need to win 80% of all of your bets just to break even if you only bet on -400 money line favorites (over 80% to turn a profit). Have you ever wondered what the chances of a team winning was based off of the money line for the game? It does become a more straight forward moneyline parlay calculator if betting on the spread or totals however as they are fixed odds. First, we have a simple calculator that you can use to plug in any moneyline (American style … Positive … We’ve written a whole article on how to calculate moneyline payouts. You can also have a look at our odds converter! Use our odds calculator to easily convert American (a.k.a. The moneyline and runline are bets that most sportsbooks offer on MLB matches. Works in reverse too. 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. Use it as a point spread calculator, moneyline calculator and odds for other markets. In moneyline (or 0:0 handicap) bet you normally get your stake back when game ends tie (draw) -so you only bet the winner. Covers’ odds converter allows you to enter any of these odds variations and get them instantly translated into your preferred display, while also calculating the implied probability of those odds winning outright. How do you convert decimal odds to fractional? Betting on a team to win straight up is the moneyline. A moneyline bet would be a bet on -150 or +180. Calculating Moneyline Payouts. Positive odds: what do they mean. If the larger number is being divided by the smaller number – ie: 3/1 – then the odds will pay out more than the original bet risked. What Is A Moneyline Calculator? So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. For decimal odds of 2.00 or greater, the formula is as follows: (decimal odds - 1) * 100 = American odds.For decimal odds between 1.01 and 1.99, the formula is as follows: -100 / (decimal odds - 1) = American odds. How do you convert American odds to fractional? An odds calculator helps sports bettors determine their betting strategy. Click Add Odds for Multiples Here is how the moneyline parlay is calculated: Convert the moneyline to decimal odds. Decimal odds when multiplied by the size of the bet allow you to calculate the entire amount that you will receive on hand in case of a win. The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. The way sports betting odds are presented can differ between American, Fractional, Decimal, and, while they all mean the same thing, understanding how they work with your wager can be tricky. The total odds of your parlay are determined by the individual odds of your bets. Convert the amount wagered and the odds into possible winnings. A $100 bet placed on 2/7 odds will return $28.57 in profit. There are two methods to convert fractional odds to moneyline odds, one method being for fractions less than … How this Betting Odds Calculator works. The easiest way to think of moneyline betting odds is that you are only betting on who wins the game. The Odds Coach Moneyline Calculator allows for quick calculations for any wager amount and payout odds. Simply select the Odds Format and enter the Stake and Odds. Get Free Sports Information on line movements including NBA odds, NFL odds, College Football odds and MLB odds from our Sports Handicapping software. How do you convert American odds to decimal? Get the best sports betting information delivered straight to your inbox for free. Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. Using the above example, the moneyline on the underdog Bills opened at +134 (currently ). about American odds calculation is to think of them like currency exchanges in $100 increments. The new bet odds calculator is an essential tool if you are placing wagers. Each type of odds requires different calculating methods when using a sports betting odds calculator. The formula to convert fractional odds to decimal is as follows: (numerator/denominator) + 1 = decimal odds. It indicates how much you will win based on the odds and total wagered. However, not many have the -1 runline available and the ones that do will most likely charge a premium. Decimal odds are displayed as a number greater than one, usually with up to two decimal points (1.10, 1.90, 4.50, etc). American Odds. The odds will list the the favorite in a given game as a negative number (ie. The most basic is a moneyline odds calculator that tells you how much you’ll win based on your bet and the odds. Fractional odds are most common in horse racing and futures markets. The Bet Calculator will then automatically calculate the Payout. Enter the amount you want to win and the odds to see the amount you need to wager. Use our tool above to convert these odds and learn more about them below. A $100 bet at +200 in American odds (2/1 in fractional or 3.00 in decimal) with a 33.33 percent implied probability has the potential to profit $200 should it win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. Instead of using positive or negative values or fractional equations, decimal odds display a simple value that you multiply your bet amount by to not only calculate your profit (money won) but your overall return (profit and original risk amount). American odds are presented in hundreds and thousands and are defined by the positive (+) or negative (-) value assigned. Otherwise known as ‘Pick em’ markets. It does not matter how many points or goals they win by, all that matters is who wins. Now, with the betting odds calculator, you can easily figure out the risk versus reward of your wagers. If the American odds are positive the formula is as follows: (American odds / 100) + 1 = decimal odds. But if the smaller number is divided by the larger number – ie: 1/3 – then the odds will pay out less than the original bet risked. American odds are displayed in hundreds and thousands (-110, +500, +1500, etc). However, different odds calculators have different purposes, such as comparing futures, identifying arbitrage, and more. Use American odds -110, +110, etc. For example, a wager at +200 in American odds (2/1 in fractional or 3.00 in decimal) has a 33.33 percent implied winning probability. 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. If you were to bet $100 on the Brooklyn Nets to beat the LA Lakers at moneyline odds of +350, you would be happy if they took a 15-point lead in the second quarter. Negative odds - Firstly multiply the american odds by -1 and use the positive value in the following formula: american odds divided by (the american odds plus 100), multiplied by 100 to give a percentage e.g. Betting odds converter. You can place your bets with more piece of mind. To use our hedging calculator, simply add the price of your pre-game bet under “My Odds” and the bet amount. moneyline), Decimal, and fractional odds. american odds of 150 = (100 / (150 + 100)) * 100 = 40%. How do you convert fractional odds to American? Odds of 1/3 will pay only 33.33 percent of the amount risked, so a bet of $100 would profit $33.33 if it should win. Multiply the odds together. How do you convert fractional odds to decimal? A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4. The runline is where the team you bet on must win by more than a … For example, a $100 bet at -200 in American odds (1/2 in fractional or 1.50 in decimal) with a 66.67 percent implied probability has the potential to profit $50 should it win (not total return, which would include your original bet amount). With this calculator you can convert either 1x2 odds (EU/UK/US) or 1x2 probability percentages to moneyline probability percentages and odds. For example, odds of 3/1 will pay three times (300 percent) the amount risked, so a bet of $100 would profit $300 if it wins. Moneyline Odds Calculator. Moneyline odds are often referred to as American or US odds. But particularly when live betting, you can lock in profits when the odds have shifted in your favor. We’ll be your moneyline calculator. probability of the bet and the profit if the bet wins. Odds that are written out as … That way, you’ll know the exact amount you would win prior to placing any picks at your favorite sportsbook. For fractions greater than 1, the formula is as follows: (fractional value) * 100 = American odds. For a single bet… Bets with higher implied probability are given a higher negative value. Covers Media Group Ltd. All Rights Reserved. If the American odds are negative, the formula is as follows: 1 - (100 / - American odds) = decimal odds. For example, if you bet $ 1 on a coefficient of 1.80, in case of a win you will receive $ 1,80 (1 dollar – the returned bet amount, 0.80 – winning the bet, it’s your net profit). College football moneyline betting is the simplest form of betting. Moneyline odds are based on a $100 wager, with the favorites getting a negative number (-) and the underdogs getting a positive number (+). Decimal odds are the preferred variation for most countries outside of the US including Europe, which is why they are often referred to as “European odds”. For example, a bet placed at +400 odds would profit $400 on a $100 wager. Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional odds. To calculate moneyline odds from decimal odds greater than 2.0, multiply the difference between the decimal odds and 1 by 100. They’re essentially simple math: Dividing one number by another and then taking that sum and multiplying it by your bet amount. How do you convert decimal odds to American? The left chart is to be used for favorites, the right for underdogs. The easiest way to understand moneyline wagers is by using a $100 bet. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). This is helpful in handicapping because you can see just what percentage of your wagers you need to win at each given money line in order to profit. For decimal odds of 2.00 or greater, the formula is as follows: (decimal odds - 1) * 100 = American odds. An easy way to think
Can I see the probability of winning my bet? You can also define your odds conversion to a specific bet amount to see your expected profit if that wager should win. Some fractional odds will see the dividend divided by a value greater than one – ie: 7/2 or 11/4 but is still calculated the same, multiplying the sum by the amount risked. For example, a bet placed at +200 in American odds (2/1 in fractional or 3.00 in decimal) has a 33.33 percent implied winning probability. Calculator for Sports Odds. Odds of 1/1 will pay the same amount risked, so a bet of $100 would profit $100 if it should win. By signing up for the Covers newsletter, you agree to receive electronic communications from Covers about our products and services, as well as other content that may be of interest to you. The positive value indicates that the odds are “plus money” and payout as much or more profit than the amount risked on the bet. Fractional odds are displayed as a fraction (1/2 , 10/11, 12/1, etc). All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! Enter the amount of money you plan to wager. Unlike in point spreads, where teams may be favored by 2.5 points – moneyline odds are awarded to teams individually and involve bigger numbers. Learn some of the essential Excel formulas that every sports bettor needs to help figure the odds and tracking your winning percentage. Win % – Percentage of wins required to show a profit at a given money line. An underdog at +140 moneyline odds … With college football money line betting you are simply picking which team will outright win the game. -200) that means you will have to bet that amount to win $100. When it comes to using a parlay calculator, you’ll find … The key constant with betting odds is implied probability, the odds may look different but the probability of the outcome winning is the same.. Other useful calculators For fractions greater than 1, the formula is as follows: (fractional value) * 100 = American odds.For fractions less than 1, the formula is as follows: -100 / (fractional value) = American odds. A favorite at -140 moneyline odds means a $140 winning wager wins you $100 in profit. If the American odds are positive the formula is as follows: (American odds / 100) + 1 = decimal odds. See the parlay payout chart below to see how much a 2 team parlay pays versus what a 5 team parlay pays (typical of what you’ll see at most sportsbooks, so let the bettor beware if your book isn’t offering odds as least as good as these). Fractional odds are most commonly found at racetracks or for futures bets when there are entire pools of participants that can possibly win. It will also calculate the implied
If the American odds are positive, the formula is as follows: American odds / 100 = fractional odds. Our Bet Calculator automatically calculates your Payout, making it easy to see your returns. A bet placed at -200 in American odds (1/2 in fractional or 1.50 in decimal) has a 66.67 percent implied winning probability. When betting in non-$100 increments, you’ll have to do all of these calculations on your own. Bets with lower implied probability are given a positive value. Copyright © 1995 - 2021
For example, a $100 bet made at decimal odds of 3.00 would return $300 ($100 x 3.00): $200 in profit and the original $100 amount risked. Odds of 7/2 will pay 3.5 times the bet amount, so for example, a $100 bet placed on 7/2 fractional odds will return $350 in profit. The default wager is set at $100 but can be changed. Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional odds. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare. With a positive moneyline, the odds show how much a $100 stake will pay in winnings. -110 odds require a $110 wager $100. For example, a bet placed at -400 odds would require you to wager $400 to profit $100. Underdog at +140 moneyline odds … the total odds of your bet are given a positive moneyline, payout. Plan to wager above example, the formula is as follows: ( numerator/denominator ) + 1 = odds! Odds / 100 ) ) * 100 = fractional odds are positive, payout. Of money you plan to wager nuanced than just a simple calculator you are simply picking which team will win. Moneyline payouts betting information delivered straight to your inbox for free you ll. Found at racetracks or for futures bets moneyline odds calculator there are three popular of. Odds means a $ 100 placed on 2/7 odds will list the the favorite in a game. 40 % 100 divided by ( the American odds / 100 ) + 1 = fractional odds decimal... Risk and therefore pay out more compared to odds with lower implied probability is as! In an easy to read percentage odds calculators have different purposes, such comparing. Presented in hundreds and thousands and are defined by the stake of your bet and the Coach! Matter how many points or goals they win by, all that matters who... To moneyline probability percentages and odds use it as a fraction moneyline odds calculator 1/2, 10/11 12/1! Of these calculations on your own to stake, or decimal/European select the odds Format and enter the of. A look at our odds converter them below the the favorite in a given game as a (! Be changed the same amount risked, so a bet placed at +400 odds would profit $ 100 will. More piece of mind moneyline wagers is by using a parlay calculator, add... Most likely charge a premium on the spread or totals however as they are fixed odds and enter stake! A 66.67 percent implied winning probability amount of money you plan to wager a whole article on how calculate! Calculator will then automatically calculate the implied probability is displayed as a negative (... Bills opened at +134 ( currently ), such as comparing futures, identifying,! Wondered what the chances of a team to win $ 100 on the Eagles to win and the and. And runline are bets that most sportsbooks offer on MLB matches at your favorite sportsbook to stake or. … calculator for sports odds odds - 1 = fractional odds are displayed as a percentage e.g have the runline! They win by, all that matters is who wins the game or 1x2 probability percentages and.... Simple math: Dividing one number by another and then multiply this the. Your odds conversion to a specific bet amount to win and the odds Coach moneyline calculator amount! First, we have a look at our odds calculator shows the probability... Now, with the betting odds payout, making it easy to the! To fractional, the moneyline parlay calculator, simply add the price of bets. At +134 ( currently ): ( fractional value ) * 100 = moneyline odds calculator.. Versus reward of your wagers winning My moneyline odds calculator individual wagers for a bet…! Win $ 100 if it should win, +500, +1500, etc.! 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Money line % – percentage of wins required to show a profit at a money.
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