Odds Converter To Money

DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only. Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form (100/moneyline) - simplest form. Examples:-120: (100/120) = 5/6-300: (100/300) = 1/3. Skip the math and easily convert odds between Fractional, Decimal and American format. The spread converter / moneyline converter tool would then tell you that you should expect to find moneyline odds of -284.8 on the favorite and a moneyline price of +225.2 on the underdog, based. The first is used when converting positive moneyline odds. “y” is replaced by the relevant odds you want to convert. (y + 100) / 100 Here’s an example, using +200 as the initial odds being converted.

Most bettors will have a portion of their volume of wagers placed on moneylines, but many don’t know when they’re getting value. Knowing the corresponding money-line to point spread values gives bettors an opportunity to pinpoint underlays on the moneyline.

Convert the amount wagered and the odds into possible winnings. Works in reverse too. Enter the amount you want to win and the odds to see the amount you need to wager. Use American odds -110, +110, etc.

For example if the point spread on a particular football game gets pounded down over the course of the week, there may be an opportunity at one of the sportsbooks where the money line hasn’t been adjusted to scale with the actual point spread. Learning to spot these weak lines will add to your bottom line over the course of a football season.

Below we have listed the odds conversion chart as listed on Bovada.

Betting Tip: Many sharp football bettors will use point spreads to bet favorites and only use money lines when wagering on underdogs.

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Odds Converter To Money Calculator

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Implied probability is basically the conversion of odds into a percentage. That percentage then shows the likelihood of an outcome happening based on the size of the odds. High odds suggest a low probability of something happening, while low odds suggest a high probability of something happening.

For example, imagine a tennis player is +200 to win an upcoming match. This would be 3.00 in decimal odds, and 2/1 in fractional odds. The implied probability for these odds is 33.33%. In this example, the odds suggest that the player has a 33.33% chance of winning the match.

In sports, the probability of something happening is usually subjective. There are several factors to take into account and there’s always a chance of the unexpected. No one can state definitively the exact probability of a player or team winning a game they’re taking part in. There’s an element of personal opinion involved.

Calculating the implied probability is useful though. It helps us decide whether or not we think a bet offers any positive value. We should always look for positive value when betting, and it exists when our estimated probability of an outcome happening is greater than the implied probability that the odds on that outcome suggest.

Odds Converter To Money Transfer

Confused? Don’t worry! It’s not as complicated as it may seem. To make this easier to understand, let’s continue with the example of the tennis player at +200 to win his match. As we’ve said, the implied probability here is 33.33%. So if we think that the player has a GREATER than 33.33% of winning, then it makes perfect sense to bet on him. If we think his chances are less than 33.33%, it’s wise not to bet on him.

Odds Converter Moneyline

If you’d like a more complete explanation on this subject, there’s an article in our sports betting guide that explains value and implied probability in further detail.