One of the most important features of the Gaming Today Moneyline Betting Calculator is the Implied Probability feature.įor any favorite or underdog input, the calculator produces the implied probability of that team winning.
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. 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. The Gaming Today Moneyline Betting Calculator allows for quick calculations for any wager amount and payout odds. Multiplying 1.74 by a $50 bet yields $87, and subtracting the stake yields potential profit ($87-$50=$37).
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($57.50 in profit plus the original $50 stake.) Decimal Oddsĭecimal odds can be used to make the calculations above simpler.įor example, bettors can use the Gaming Today moneyline calculator to convert Kansas City’s -135 odds to 1.74 decimal odds. A winning $50 moneyline bet on the Bills returns $107.50 total to the bettor. To calculate the payout of a $50 bet on the Buffalo Bills, divide 115/100 and multiply by $50 (1.15*$50=$57.50). To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. So, the bettor would earn $87 total from a win on that bet. Then, the $50 wager would return to the bettor. Then multiply that number by your $50 bet to arrive at the profit (0.74*$50=$37).Ī $50 bet on the Chiefs at -135 odds would yield $37 in profit. First divide 100 by 135 (without the “-”), which yields 0.74. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet.įor example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds.įor example, here’s a look at a line offered by Caesars Sportsbook on the 2022 Bills/Chiefs game:Ĭaesars Sportsbook sets the Kansas City Chiefs as the favorite in the game, with odds of -135 odds. So, bettors who want to become sharps must hone this crucial skill. Sharp bettors are sharp because they can come with up their own estimations of whether a team will win. 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 suggests. But underdogs are more likely to lose, so there’s an important tradeoff. The moneyline underdog will always pay out at better odds than the favorite. Moneyline BetsĪ moneyline wager allows the bettor to put a bet on which team or athlete will win a contest. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting. Legal US sportsbooks generally present several different ways to wager on sports. Visit Caesars Sportsbook NY or LA reviews to claim promo code: TODAYCZR in those states.
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If Caesars Sportsbook is legal in your state, you can claim a $1,100 first bet insurance using Caesars Sportsbook promo code TODAYCZR.Ĭaesars has most recently launched in New York and Louisiana.
Bettors will like the user-friendly app, its myriad sports options, and often short wait-time on payouts. It’s one of the top sportsbook apps, which comes as no surprise given it’s backed by Caesars Entertainment. You’ve probably seen Caesars Sportsbook ads during any major game, especially during the NFL season. Claim up to a $1,000 risk-free bet using BetMGM bonus code TODAY. BetMGM bettors like the score notification feature for specific games and frequent promo offers. It’s also a great app for anyone who’s just getting their feet wet with sports wagering. BetMGM SportsbookīetMGM Sportsbook has one of the highest app ratings in the Apple iOS App Store.
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