box-sizing:border-box} Calculating the implied probability in negative American odds is fairly straightforward: So in our example, the Bulls are at odds of -140 to win the game. max-width:100%; This is a useful tool for someone who wants to see a visual explanation of how to calculate your payouts when using moneyline odds in your betting. This calculator will convert "odds for winning" an event or "odds against winning" an event into percentage chances of both winning and losing. width:750px} .elq-form .col-lg-offset-3{ font-weight:400; width:1px; .elq-form .row:after,.elq-form .row:before{ .elq-form .col-sm-pull-7{ @keyframes spin{ At many sportsbooks, you’re free to see the odds no matter what state you happen to be in. Let’s consider an example. left:41.66667%} – in this instance, if you bet $100 on Los Angeles to win the game and they win, you will receive a profit of $130. .elq-form .col-lg-offset-8{ .elq-form .row.single-checkbox-row{ On this page, we show how to calculate potential profits and payouts from moneyline odds. right:100%} margin-left:auto; left:50%} It is a purely informational website that does not accept wagers of any kind. width:50%} margin-left:100%} .elq-form .col-sm-pull-4{ } right:33.33333%} .elq-form .col-lg-4{ margin-left:25%} width:91.66667%} margin-left:100%} left:50%} .elq-form .col-sm-offset-8{ Know your potential profits when you make a wager with this betting odds calculator. text-transform:none} As 60% is greater than 52.4%, you have found what is commonly referred to as a ‘value bet’. font-family:inherit; If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537). .LV_invalid_field,input.LV_invalid_field:active,input.LV_invalid_field:hover,textarea.LV_invalid_field:active,textarea.LV_invalid_field:hover{ .elq-form .col-xs-pull-12{ text-decoration:underline} .elq-form .col-xs-push-12{ border:0} 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. Understanding the implied probability is crucial. right:100%} .elq-form .col-sm-push-2{ .elq-form .col-md-push-1{ width:8.33333%} left:75%} .elq-form html{ right:16.66667%} margin-left:8.33333%} Of course, you can always watch March Madness unfold on your TV, but there are o... "America's greatest pastime" is what you always hear about baseball. Calculating Payouts From Moneyline Odds. What is the implied probability of these odds? Probability of: max-width:100%; padding:7px 20px; .elq-form .col-md-pull-5{ max-width:100%; background-color:#fff; display:none} color:inherit; width:33.33333%} They can be either a positive number or a negative number. .elq-form .col-lg-push-11{ They can be either a positive number or a negative number. right:75%} display:inherit} padding-right:15px} .elq-form .col-sm-pull-11{ font-size:10px} margin-left:0} .elq-form .col-md-pull-6{ .elq-form a{ color:#337ab7; .elq-form .col-xs-push-0{ .elq-form .elq-item-label{ .elq-form .col-xs-push-10{ left:66.66667%} We also include a payout chart as a useful reference, as well as a comprehensive infographic as a visual summary of everything on this page. .elq-form .col-lg-push-9{ .elq-form .col-sm-offset-10{ Again, your stake will be added when your total payout is calculated. left:100%} .elq-form .col-md-pull-8{ Let’s say the New York Giants are facing the Washington Redskins in a regular season NFL game. .elq-form .col-sm-push-5{ .elq-form a:focus{ right:75%} .elq-form .img-responsive{ .elq-form .col-xs-offset-0{ Gamblingsites.org uses affiliates links from some of the sportsbooks/casinos it promotes and reviews, and we may receive compensation from those particular sportsbooks/casinos in certain circumstances. .elq-form .col-lg-offset-7{ #emailCatcher .row{ font-size: 2rem; margin-left:33.33333%} left:91.66667%} color:#c00; .elq-form .col-sm-offset-0{ Convert stated odds to a decimal value of probability and a percentage value of winning and losing. .elq-form .col-sm-push-3{ Here are a couple of examples of potential payouts. https://www.calculatorsoup.com - Online Calculators. left:58.33333%} Understanding betting odds is key to successful betting. .elq-form .col-md-4{ margin-left:0} font-weight:700; right:66.66667%} right:75%} .elq-form .col-lg-9{ .elq-form .col-lg-push-8{ .elq-form .col-xs-push-6{ right:8.33333%} .elq-form *,.elq-form :after,.elq-form :before{ right:91.66667%} .elq-form .col-xs-offset-10{ line-height:inherit; 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. .elq-form .col-lg-push-2{ .elq-form .col-sm-push-1{ margin-right:-15px} } Call 1-800-Gambler. left:8.33333%} .elq-form .col-xs-pull-7{ right:100%} margin-left:100%} Registration must take place in-person. font-family:inherit; When you bet for the underdog, it is called betting “against the odds.” For example, if odds are +300 for the Bears this Sunday, then it is three times more likely that they will lose than win. Why? margin-left:66.66667%} width:33.33333%} left:83.33333%} However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. margin-left:8.33333%} margin-left:41.66667%} .elq-form .col-lg-push-6{ .elq-form .col-md-pull-3{ .elq-form .col-md-push-9{ Not valid for any participant of the Illinois Gaming Board Statewide Voluntary Self-Exclusion Program. to{ Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. margin-left:50%} margin-left:66.66667%} left:66.66667%} .elq-form .col-md-pull-7{ float:left} .elq-form .col-lg-pull-10{ .elq-form .col-md-5{ right:83.33333%} right:66.66667%} .elq-form .col-xs-10{ height:1px; right:58.33333%} -webkit-transform:rotate(0deg)} .elq-form .col-lg-1,.elq-form .col-lg-2,.elq-form .col-lg-3,.elq-form .col-lg-4,.elq-form .col-lg-5,.elq-form .col-lg-6,.elq-form .col-lg-7,.elq-form .col-lg-8,.elq-form .col-lg-9,.elq-form .col-lg-10,.elq-form .col-lg-11,.elq-form .col-lg-12,.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,.elq-form .col-sm-1,.elq-form .col-sm-2,.elq-form .col-sm-3,.elq-form .col-sm-4,.elq-form .col-sm-5,.elq-form .col-sm-6,.elq-form .col-sm-7,.elq-form .col-sm-8,.elq-form .col-sm-9,.elq-form .col-sm-10,.elq-form .col-sm-11,.elq-form .col-sm-12,.elq-form .col-xs-1,.elq-form .col-xs-2,.elq-form .col-xs-3,.elq-form .col-xs-4,.elq-form .col-xs-5,.elq-form .col-xs-6,.elq-form .col-xs-7,.elq-form .col-xs-8,.elq-form .col-xs-9,.elq-form .col-xs-10,.elq-form .col-xs-11,.elq-form .col-xs-12{ transition:all .2s ease-in-out; .LV_valid{ left:100%} width:50%} .elq-form .col-sm-push-6{ right:41.66667%} .form-field-visible-xs-block{ } All rights reserved. .elq-form .col-md-1{ margin-left:83.33333%} Pulling any other card you lose. .elq-form .container{ .elq-form .col-md-offset-12{ .elq-form .col-sm-offset-9{ clip:rect(0,0,0,0); .elq-form .col-sm-3{ height:auto; padding-right:15px} .elq-form .loader{ right:100%} .elq-form input[type=checkbox],.elq-form input[type=radio]{ margin-right:auto; .elq-form .col-lg-pull-11{ width:66.66667%} .elq-form .col-xs-pull-6{ .elq-form .col-xs-push-5{ margin-left:50%} transform:rotate(1turn)} width:75%} margin-right:auto; margin-bottom:0} right:16.66667%} box-shadow: 0px 5px 10px 0px lightgrey; font-size:inherit; There is a 20% chance of this happening. .elq-form .col-lg-1,.elq-form .col-lg-2,.elq-form .col-lg-3,.elq-form .col-lg-4,.elq-form .col-lg-5,.elq-form .col-lg-6,.elq-form .col-lg-7,.elq-form .col-lg-8,.elq-form .col-lg-9,.elq-form .col-lg-10,.elq-form .col-lg-11,.elq-form .col-lg-12{ .elq-form .col-sm-9{ margin: 20px 0px; But if you would like to learn more about betting odds and alternative odds formats, try this odds converter. We use cookies to ensure that we give you the best experience on our website. width:100%} left:16.66667%} .elq-form .elq-item-select{ display:table} In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. margin-left:83.33333%} .elq-form body{ .elq-form .col-md-offset-3{ .elq-form .col-sm-offset-7{ width:66.66667%} .elq-form .col-md-push-10{ display:table} Convert stated odds to a decimal value of probability and a percentage value of winning and losing. .form-field-hidden-xs{ Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get, For 4 to 48 odds for winning; left:91.66667%} left:41.66667%} right:41.66667%} padding:0} right:91.66667%} -webkit-animation:spin 2s linear infinite; width:8.33333%} .elq-form hr{ .elq-form .col-xs-4{ .elq-form .col-xs-pull-3{ margin-left:25%} } 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. .elq-form .col-sm-push-10{ right:58.33333%} .elq-form .col-lg-push-7{ .elq-form .col-xs-12{ left:50%} right:41.66667%} width:58.33333%} .elq-form .col-md-offset-7{ margin-left:16.66667%} clear:both} margin:0 0 0 5px} left:8.33333%} .form-element-instruction{ } .elq-form .col-xs-offset-5{ of losing is given as PL = B / (A + B). position:static; .elq-form .col-sm-push-9{ animation:spin 2s linear infinite} .elq-form .col-sm-5{ .elq-form .col-xs-7{ .elq-form .row:after{ width:970px} h4.elq-heading{ margin: 5px; font-size:inherit; Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. You have not found a value bet and should not place a bet on the Giants. .elq-form .col-sm-push-12{ left:91.66667%} display:inline-block; .elq-form .col-sm-6{ margin:0; Thus, moneyline odds are also commonly referred to as American odds. .elq-form .col-xs-push-8{