Moneyline winnings calculator

Moneyline bets present the most straightforward way to wager on a sports contest. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side.

The following page includes the GamingToday. Fill in the dollar amount for your bet and the American Odds for example and calculate the implied probability and the return on the moneyline. Legal US sportsbooks generally present several different ways to wager on sports.

Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting. A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. The moneyline underdog will always pay out at better odds than the favorite. 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.

PointsBet sets the Los Angeles Dodgers as the favorite in the game, with moneyline odds. 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. The odds on Los Angeles, for example, convert to 1. The Gaming Today Moneyline Calculator allows for quick calculations for any wager amount and payout odds. 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.

For any favorite or underdog input, the calculator produces the implied probability of that team winning. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds. Suppose you wanted to put the Gaming Today Moneyline Calculator to work to decide how you wanted to bet on Game 1 of the World Series. A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations.

The math used in calculating the payout on a moneyline is pretty simple. It is one of the most important first steps to understanding sports betting and is crucial to success. Even -1, odds still yields some profit from a win:. And here is a graph of profit for positive numbers. The really important difference is that the line is linear.

moneyline winnings calculator

That goes on forever. The calculation changes based on if it is a positive or negative odd.

moneyline winnings calculator

It is important to notice that multiplying by -1 is required to give us the positive payout:. Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet.You have been on a hot streak and are feeling good about a couple of different bets one night.

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Is there a way to capitalize on this confidence with less capital invested? These bets are essentially bundles of individual bets that are treated as a single bet. They offer a lower risk profile with big upside, yet they are often much more difficult to hit due to one simple rule: you must hit every individual bet to win the parlay. Parlays allow you to bet less and win more, with the understanding that these bets are more difficult to hit.

First, in order to understand how to calculate parlays, we must understand individual moneyline bets. A moneyline bet is simply a wager on who or what team will win an event, and the odds will show you who is in favor to win.

moneyline winnings calculator

Imagine FC Barcelona is playing against a U16 football team a team composed of individuals under 16 years of age. If a book lets you bet both sides evenly, it would make sense to always bet for FC Barcelona, as they would be the heavy favorites. The odds help even the playing field, so to say. There are two parts two each moneyline: the plus or minus sign, and a number. The sign shows who is favorited. The minus sign indicates the favorite, and the plus sign indicates the underdog.

The number shows the extent to which that person or team is the favorite or underdog, and it indicates the profit in accordance with your bet. Remember, the underdog moneyline odds will have the plus sign in front. The formula for any size bet is shown below:. The profit calculation for the favorite is just as easy mechanically, but it is less intuitive. FC Barcelona is going head to head with a U16 football team, and the moneyline odds are as follows:.

Remember also that, if you win your bet, in addition to your profit, you will get your wager back. Now that we understand how to calculate individual moneyline profits, we need just a few more steps in order to calculate a parlay payout. The easiest way to calculate a parlay payout is to first convert moneyline odds to decimal odds.

To convert positive moneyline odds to decimal odds, divide the positive moneyline byand add 1, as shown below:. To convert negative moneyline odds to decimal odds, divide by the negative moneyline, and add 1, as shown below:. Next, all we have to do is a simple string of multiplication.

Multiply how much you want to wager by the decimal odd of each individual bet in the parlay. The formula is shown below:. In order to calculate the profit, all you have to do is subtract your wager amount from the calculated payout. First, we must convert these moneyline odds to decimal odds. Game 1 and Game 3 will be calculated the same way, where we divide by each moneyline odd and add 1.

Game 2 will be calculated by dividing the moneyline odd by and adding 1. The calculations are shown below:. And there we have it, our parlay profit! Here I will simply show the formulas to compute moneyline odds from different odds formats. Note that the calculator requires moneyline inputs. That being said, if you are given decimal odds already and want to compute your parlay by hand, there is no need to convert the decimal odds to moneyline odds.

There are two methods to convert decimal odds to moneyline odds, one method being for decimal odds less than 2. Decimal odds of 2.A parlay is a single bet that links together two or more individual wagers for a high payout.

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For a single bet, 2 to 8 teams or totals can be selected. In order for the parlay bet to win, every one of the wagers must win or push tie. If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number.

For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet. CO Gambling problem? Call Indiana Self-Restriction Program. NJ Bet with your head, not over it! Gambling Problem? Call Gambler. Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler.

Find where to bet in your state! See Sportsbooks. Sports Betting. Betting Tools. All rights reserved. Parlay Calculator. Parlays with spreads and totals at standard odds, use the Fixed Odds Table. Parlays with spreads and totals with odds not at the standard value, use the True Odds Calculator.

Bet Amount.Online sports betting apps are popping up all across the US.

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Almost two dozen states already have sports betting in some format, and more are on the way. State legislatures are beginning to grasp the large opportunity presented by sports as eager bettors await regulation in their home states. As a result, the US is becoming a hotbed for sports betting, and many of the states that have sportsbooks allow betting online.

This means bettors can place wagers online via desktop or mobile devices, making sports betting easier than ever. Plus, playing at legal, licensed, and regulated sportsbooks keeps you safe as a player. Simply put, sports betting is weaving its way into many corners of the US. Below we have created exclusive sports betting tools and calculators to help you bet better!

Odds calculators help you determine what your payout would be if you were to make a specific bet. Different sportsbooks offer different odds, so you can maximize your potential payout if you search for the best odds and use a calculator to help you decide your best path. We have a number of odds calculators on our site for various types of bets, including moneyline, parlay, and futures calculators. The first thing to know is that odds are typically calculated based on how many people are betting on a certain outcome.

Other factors can come into play, such as team record, past performance, injured players, etc. This setup is showing a moneyline bet, which means those are the odds for either team to win outright.

Placing a bet is easy at legal sportsbooks. You can access most sportsbooks via desktop, Android, and iOS devices. Once you have the app or have visited the website, you can create your account.

Have your personal information including your SSN ready and the rest will be straightforward. Onscreen prompts will guide you through the process. This is required to confirm that you are betting from a legal state. When you deposit, also check for bonus offers.Those curious about how much money you can win on your wagers will be eager to try our betting odds calculator. The new bet odds calculator is an essential tool if you are placing wagers. Now, with the betting odds calculator, you can easily figure out the risk versus reward of your wagers.

You can place your bets with more piece of mind. Now, if you are new to placing bets or to using a betting odds calculator, you may be wondering how it works. However, you may just find math difficult and require a tool to help you with your betting odds.

Either way, here is an explanation on how it calculates betting odds for you. First, it takes the odds as well as the stakes of a specific bet or wager.

moneyline winnings calculator

Then, it automatically calculates the payout you would receive if you won. So, we will be looking into the different types of betting odds in order to understand how the betting odds calculator works. The three most widely used methods of displaying odds on the majority of the NJ online sportsbooks are: American Odds also known as MoneylineDecimal Odds, as well as Fractional Odds.

As mentioned above, American Odds are also called Moneyline Odds.

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This type of odds means a financial return relative to a hundred unit base figure. Therefore, a minus - in front of a figure indicates that you need to pay that amount to in turn win a hundred dollars. Now, this probably sounds more complicated than it actually is.

Betting Odds Calculator

Now, to calculate minus odds for American odds bets, you will be calculating the odds for favorites. This gets you a return of less than even money in profits. So, when using the same example for above, say the Astros have odds. The equation you would use to calculate these odds is:.

So to calculate American Odds with the betting calculator, you need to make sure you know your odds and the stakes, and the calculator computes the profit for you. If you need help converting odds to different formats, try this tool. Decimal odds are some of the more popular odds you will find used in wagers around the world.Here's the plan:.

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The parlay formula is straight forward. So we first need to convert the money line odds to decimal odds then plug them into our parlay formula. If not, consider moving your business elsewhere.

I've been around gambling my entire life but still remember the first time learning about a parlay, but that's another story. Although I know the answer, I started from scratch and did a little research. First the basics.

What Is A Moneyline Bet?

In order to win the parlay, all the individual selections must win. The payoff is much larger than picking a single winner and grows exponentially as more selections are included into the parlay odds. Either Nunes or Gustafsson lose and you've lost the bet. Now you're ready to give those big odds a chance and cash in some fat payouts, as a serious MMA bettor mastering the parlay is a key component to long term profitability. One major benefit of parlay betting is ties or pushes reduce down the number of bets and related odds within your parlay.

Unfortunately as a UFC bettor, that's not the case unless the fight ends up as a no decision. The good news is you can combine events or even different sports within the same parlay, which gives you great flexibility when building a winning combination.

For example you can do the following:. Multiple event parlaying is an outstanding first step in expanding your MMA betting skills. Start by choosing the fighters you have the highest confidence of winning regardless of which event they're in.

Parlaying your best picks on multiple events may not give you a quick payoff, but you will win a higher percentage of bets while you're learning the basics of UFC wagering. Sign in With Google.

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Enter favorite prices with the minus sign Example Enter the bet amount. Hit the calculate button. But not you. You are better than most! Here's the plan: How is a parlay calculated. Why should I care? What is a Parlay Bet? Parlay Odds Table. Lets start with the math.The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet.

A parlay is a wager type in which multiple bets are linked together to create a greater payout. If even one game loses, the parlay loses. Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator above. Convert the American odds to decimal odds using our odds converter. Multiply the decimal odds together to get your multiplier.

Multiply the multiplier by your bet amount. Subtract your original stake to get the parlay odds. So if you're parlaying three teams at - in American odds, your formula looks like this, since - in decimal odds is 1. So you bet Packers against the Lions, Patriots vs. Sports Betting. Best Books. Parlay Calculator The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet.

Bet Amount. Bet Type Single Bet Parlay. Add Bet. What Is a Parlay? Sportsbooks give you bigger and bigger payouts for adding more games to a parlay. Our formula looks like this after converting to decimal odds: 1. Parlay vs.

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