bet lines math

.elq-form .col-sm-offset-2{ left:41.66667%} .elq-form .col-sm-offset-10{ float:left} .elq-form .col-xs-push-5{

margin-left:8.33333%} .elq-form .col-sm-push-9{ width:50%} For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1.

-webkit-appearance:square-button} margin-left:8.33333%} All rights reserved. .elq-form .row.single-checkbox-row{ width:33.33333%} .elq-form .col-md-pull-8{ For an explanation of the odds types on this table see decimal, fractional and American odds. padding-right:15px} padding: 20px;

font:inherit; .elq-form .col-lg-10{ .elq-form .col-xs-offset-12{ clip:rect(0,0,0,0); .elq-form .img-circle{ .elq-form .col-sm-11{ max-width:100%; border: lightgray 1px solid; Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. You can save this graphic for your own personal use or use the embed feature to put it up and share with others. .elq-form .col-sm-1{ There is a 20% chance of this happening. text-decoration:underline} text-decoration:none} .elq-form .row:after,.elq-form .row:before{

left:91.66667%} A positive number shows how much profit a winning wager of $100 would make, while a negative number shows how much needs to be staked to win $100. left:33.33333%} As an example, with odds of +400, for every $1 you bet, you will win $4. .elq-form .col-xs-pull-11{

right:25%} .elq-form figure{ right:66.66667%} .elq-form .col-xs-push-2{ font-size:10px} left:75%} right:25%} margin-left:100%} .elq-form .col-md-pull-10{ overflow:visible; You don’t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure. This calculator will convert "odds for winning" an event or "odds against winning" an event into percentage chances of both winning and losing. right:8.33333%}

max-width:100%; .elq-form .col-xs-push-12{ .elq-form .col-lg-12{ Thus, moneyline odds are also commonly referred to as American odds. margin: 5px; font-weight:700;

width:91.66667%} The Giants are at odds of -110 to cover the betting line of -3.5 points. .elq-form .col-md-pull-11{ right:58.33333%} .elq-form .col-xs-push-7{ .elq-form .col-md-1{

.elq-form .col-lg-offset-12{ font-size:10px; .elq-form .col-sm-offset-8{ margin-left:91.66667%} .elq-form .col-md-pull-3{ right:50%}

The following chart shows the potential profits and total payouts per $10 staked at a selection of commonly used moneyline odds. margin-left:91.66667%} width:33.33333%} left:91.66667%} font-size: 2rem; What is the implied probability of these odds? does not promote or endorse any form of wagering or gambling to users under the age of 18. .elq-form .col-md-push-0{ .elq-form .col-md-4{ left:50%} right:41.66667%}

.form-element-instruction{ .elq-form .sr-only{ width:100%} line-height:1.42857;

.elq-form .col-xs-1{

background-color:#fff; margin-left:auto; .elq-form .col-sm-offset-5{ .elq-form .col-sm-6{ .elq-form .col-md-push-4{ As stated earlier, the key to successful betting is to bet only when there is value. .elq-form .col-sm-9{ margin:0} .elq-form .col-md-offset-5{ .elq-form .col-sm-offset-3{ right:75%} .elq-form .col-xs-6{ .elq-form .col-lg-pull-1{ left:8.33333%} .elq-form .col-lg-push-4{ right:58.33333%} width:16.66667%}

.elq-form .col-sm-push-12{

On this page, we show how to calculate potential profits and payouts from moneyline odds. margin-left:33.33333%} right:25%} .elq-form hr{ .elq-form .col-lg-offset-5{ .elq-form .col-xs-push-3{ content:" "; display: inherit; .elq-form .col-lg-offset-8{

Home » Sports Betting » Beginner's Guide » Odds » Moneyline. width:75%} width:100%} .elq-form a:focus,.elq-form a:hover{ margin-left:50%} right:75%} So the implied probability of the Bulls winning the game is 0.5833, or 58.33%.

.elq-form .col-xs-push-0{ .elq-form .col-sm-4{ .elq-form .elq-required{

.elq-form .col-md-9{ .elq-form .col-xs-push-9{ width:25%} A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as "1 to 500 Odds are for winning". .elq-form .col-md-offset-9{ right:8.33333%} width:66.66667%} display:block} margin-left:-15px; line-height:1.42857; right:16.66667%} left:58.33333%} .elq-form .col-md-pull-6{ left:75%} .elq-form .elq-item-textarea{ .elq-form .col-xs-pull-6{ height:auto} @media (min-width:1200px){ This calculator will convert "odds of winning" for an event into a probability percentage chance of success. margin-left:8.33333%}

height:auto; text-transform:none} font-size:10px} .elq-form .row:after{ right:58.33333%} width:91.66667%} .elq-form .col-lg-1{ As 60% is greater than 52.4%, you have found what is commonly referred to as a ‘value bet’. Pulling any other card you lose. @media (max-width:767px){ .elq-form .col-xs-offset-1{ .elq-form .container{ .elq-form .elq-label-top{ .elq-form .col-sm-pull-1{ If we believe the Lakers are a better chance to win than 43.48%, we should bet on them.

float:left} Thus, moneyline odds are also commonly referred to as American odds. .elq-form .col-xs-pull-5{

line-height:inherit; font-weight:400; .elq-form .col-xs-pull-2{ .elq-form .container:after,.elq-form .container:before{ border-top:3px solid #3498db; Winning = (0.0769) or 7.6923% 0%{ .elq-form .col-md-push-2{ font-size:inherit; .elq-form .col-lg-pull-0{ right:83.33333%} height:auto} width:100%}

} .elq-form .sr-only-focusable:active,.elq-form .sr-only-focusable:focus{ .elq-form .col-md-offset-11{ The probability implied in the odds -110 is 52.4%. .elq-form .col-xs-pull-7{ In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game. Cite this content, page or calculator as: Furey, Edward "Odds Probability Calculator"; CalculatorSoup, "Odds against" winning: 12:1 (reduced from 48:4). width:58.33333%} margin-left:50%} .elq-form .elq-label{ .elq-form .col-lg-7{ .LV_invalid_field,input.LV_invalid_field:active,input.LV_invalid_field:hover,textarea.LV_invalid_field:active,textarea.LV_invalid_field:hover{ Although certain pages within feature or promote other online websites where users are able to place wagers, we encourage all visitors to confirm the wagering and/or gambling regulations that are applicable in their local jurisdiction (as gambling laws may vary in different states, countries and provinces). .elq-form .col-xs-2{ .elq-form .col-lg-push-10{ right:83.33333%} .elq-form .col-lg-9{ .elq-form .col-lg-offset-4{ If odds are stated as an A to B chance of winning then the probability .elq-form .col-sm-pull-2{ You may also see odds reported simply as chance of winning as 500:1. cursor:pointer} @media (min-width:992px){

margin:0; right:75%} .elq-form .row{ } margin-left:16.66667%} margin-left:33.33333%} margin-left:66.66667%} .elq-form .col-sm-offset-1{ width:66.66667%} margin-left:83.33333%} .elq-form .col-lg-pull-9{ .elq-form .col-md-push-6{ Again, your stake will be added when your total payout is calculated. .elq-form .col-xs-pull-9{ .elq-form .col-sm-pull-10{ .elq-form html{

Odds of +300 indicate that if you bet $100, you will win $400, the original amount of your bet plus the profit. right:50%} color:inherit; left:8.33333%} padding:0; .elq-form .col-xs-3{ margin-bottom:20px; .elq-form .col-xs-4{ .elq-form .col-md-pull-7{

border-radius:4px; - Online Calculators.

right:66.66667%} .elq-form .col-lg-3{ margin-left:50%} If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them. display:block} .elq-form .col-sm-pull-12{ width:auto; .elq-form .container-fluid{ .elq-form .col-md-pull-0{ color:#c00; left:66.66667%} This calculator will convert "odds for winning" an event or "odds against winning" an event into percentage chances of both winning and losing.

border-radius:3px; } Let’s consider an example. .elq-form .col-md-offset-7{ h4.elq-heading{

float:left} As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, FanDuel Sportsbook. width:50%} Losing = (0.9231) or 92.3077% .elq-form .col-xs-pull-12{ .elq-form .elq-field-style{ color:#4a4a4a; right:41.66667%} Implied probability = 100 divided by (positive odds + 100), Implied probability = 100 divided by (130 + 100), Implied probability = negative odds divided by (negative odds – 100), Implied probability = -140 divided by (-140 – 100), Implied probability = -140 divided by -240. width:8.33333%} .elq-form .col-sm-push-10{

– in this instance, if you bet $140 on Chicago to win the game and they win, you will receive a profit of $100. .elq-form .col-xs-offset-7{ width:750px} margin-left:25%} margin-left:100%} ", When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. margin-left:16.66667%} width:8.33333%}

margin-left:58.33333%} .elq-form .col-md-5{ clip:auto} .elq-form .col-lg-pull-3{ .elq-form body{ right:16.66667%}

left:auto} margin-left:0} border:0; .elq-form .col-md-1,.elq-form .col-md-2,.elq-form .col-md-3,.elq-form .col-md-4,.elq-form .col-md-5,.elq-form .col-md-6,.elq-form .col-md-7,.elq-form .col-md-8,.elq-form .col-md-9,.elq-form .col-md-10,.elq-form .col-md-11,.elq-form .col-md-12{ width:1px;

Call 1-800-Gambler. .form-element-layout{ .elq-form img{

left:66.66667%} .elq-form .col-sm-push-11{ They can be either a positive number or a negative number. right:91.66667%}

Please note that the negative sign in the odds is ignored in this calculation. right:66.66667%} right:100%}


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