Have you ever wondered what the chances of a team winning was based off of the money line for the game? That’s a key part of understanding money line bets. 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. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare.
Moneyline odds are based on a $100 wager, with the favorites getting a negative number (-) and the underdogs getting a positive number (+). A favorite at -140 moneyline odds means a $140 winning wager wins you $100 in profit. An underdog at +140 moneyline odds means a $100 winner nets you $140 in profit. A parlay bet is one of the most popular forms of sports betting. What's great about parlays is that sports bettors can bet on two or more point spreads, OVER/UNDERs or Moneyline Bets, earning a higher payout if all of their picks win as opposed to making a single bet on each one individually. A money line is a wager on the natural result of a game or event. In other words, the score or outcome is unadjusted. This is different from spread betting where the sportsbook adjusts the score to determine the winner. Money lines, often written moneylines or money-lines, are also called American odds due to their popularity with US bookmakers. There are multiple ways to express fixed odds; the moneyline (Aka American odds is the preferred method in the United States, and it should definitely be in your NFL betting arsenal. Basic Moneyline Betting Explained.
Money Line Calculator (Implied Probability)
The following chart shows how likely a team is to win based off the odds. 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.
The left chart is to be used for favorites, the right for underdogs.
Win % – Percentage of wins required to show a profit at a given money line.
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).
Moneyline Conversion: Odds to Percentage Chart
Favorites | |
Money Line | Money Line |
-400 | +400 |
-395 | +395 |
-390 | +390 |
-385 | +385 |
-380 | +380 |
-375 | +375 |
-370 | +370 |
-365 | +365 |
-360 | +360 |
-355 | +355 |
-350 | +350 |
-345 | +345 |
-340 | +340 |
-335 | +335 |
-330 | +330 |
-325 | +325 |
-320 | +320 |
-315 | +315 |
-310 | +310 |
-305 | +305 |
-300 | +300 |
-295 | +295 |
-290 | +290 |
-285 | +285 |
-280 | +280 |
-275 | +275 |
-270 | +270 |
-265 | +265 |
-260 | +260 |
-255 | +255 |
-250 | +250 |
-245 | +245 |
-240 | +240 |
-235 | +235 |
-230 | +230 |
-225 | +225 |
-220 | +220 |
-215 | +215 |
-210 | +210 |
-205 | +205 |
-200 | +200 |
-195 | +195 |
-190 | +190 |
-185 | +185 |
-180 | +180 |
-175 | +175 |
-170 | +170 |
-165 | +165 |
-160 | +160 |
-155 | +155 |
-150 | +150 |
-145 | +145 |
-140 | +140 |
-135 | +135 |
-130 | +130 |
-125 | +125 |
-120 | +120 |
-115 | +115 |
-110 | +110 |
-105 | +105 |
-100 | +100 |
What Does The Moneyline Mean In Basketball
