• Betting Moneyline Vs Spread

The term 'money line' will be seen in sports betting mostly in the United States and it's often referred to as 'American odds' (although this is a mistake, read last paragraph). It usually takes the form of a plus '+' or minus '-' sign, followed by a three digit number, for example, -110. One of the most common types of sports betting lines when wagering on a game is the moneyline. You will see moneyline odds for every game and every sport played for the. But if you want to calculate moneyline payouts on your own, here’s the easiest way: Favorite: Multiply the amount you want to win by (Moneyline / 100) So if you want to win $35 betting on Khabib at -290, you’ll do the following formula and arrive at a $101.50 bet: Win Amount x ((-1 x Moneyline)/100) = Wager. $35 x 2.9 = $101.5. Moneyline betting is very easy to understand. When you place a money line bet, the only thing you’ll need to do is pick a team that you think is going to win a game outright. If you were to place a money line bet on the aforementioned Packers/Bears game, you would need to place it on either Green Bay or Chicago.

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.

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

Betting Moneyline Vs Spread

Spread to Moneyline by Sport Conversion