Sports Betting Calculator Money Line

Below are the top rated online sportsbooks in the industry today. Sports Interaction caters to Canadian bettors only and have been in business for decades. They are the most trusted and reputable betting sites with easy depositing and fast withdrawal speeds. They have a long list of deposit methods and withdrawal methods. Payout times are as quick, usually 2-9 days. We recommend this site as being the most trusted, safest, most secure, great bonus offers, best deposit options, and quickest withdraw times on the internet.

Legal Online Sports Betting In The US. DraftKings Sportsbook. One of the biggest brands to emerge in the booming online sports betting industry, DraftKings Sportsbook offers mobile sports. FanDuel Sportsbook. Betting Odds Converter & Moneyline Calculator Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional odds. It will also calculate the implied. Moneyline Uses Besides baseball and hockey, moneylines are used for betting on other sports where a point spread becomes irrelevant, such as auto racing, boxing, soccer, and tennis. While there are margins of victory in some of these, they are so small that it would be impossible to create a point spread for every game. If betting a favorite you must enter the line with a minus (-) sign at the beginning. If playing the dog, just enter the price, no + is necessary. Do nothing with the boxes that are not included in your money line parlay (leave '0' in each box, they will not be factored into the parlay).

To place a bet, click on the link listed below. All of our sports betting lines are updated every day. 18+, T&Cs apply, and Gamble Responsibly (BeGambleAware).

Voted Best Sports Betting Sites

• Canada
• 1
  Sports Interaction
  huge selection of betting options. Safe and Secure. Canada’s #1 book.

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Betting Lines Explained

This section will show you how to read sports betting lines in the most popular odds formats. There are three ways that sportsbooks on the internet list their odds; called fractional, decimal, and American. Depending on where you live in the world generally determines which type of odds format you’re familiar with. For example, people in the UK are more familiar with fractional odds, while punters from Australia use decimal odds.

The best sportsbooks online give handicappers the ability to view odds in whichever format they prefer, so look for that button whenever you visit one of them. Here’s some info on how to read the different types of lines & odds.

How to Read Fractional Lines & Odds

Fractional betting lines are listed just like we learned in elementary school. 7/2 fractional odds equal 3.5:1. This means that for every $1 bet, you’d win $3.50 more, for a total payout of $4.50 (3.5 x $1 = $3.50 + $1 wager = $4.50).

Bettors get their original wager back, plus the win amount. So if you placed a $100 bet on a team with 5/1 fractional odds, you’d get your $100 back, plus $500 more (5 x $100).

10/1 fractional odds on a $200 bet would pay your original wager of $200, plus $2000 more (10 x $200), for a total payout of $2200.

Decimal Lines & Odds

Decimal odds are viewed as a number with a decimal point, as in 1.85, 3.55, or 5.0. Decimal odds reflect the total return a bettor gets back on a win for every $1 wagered, including the wager amount. So, a 1.85 line means that for every $1 wagered, a bettor would receive a total return of $1.85.

An even-money bet would show decimal odds of 2.0. So, if you place a $1 bet on a team with 2.0 decimal odds, you’ll get back a total of $2; your $1 wager, plus $1 in profit.

A team with 5.5 decimal odds would pay $4.50 in profit, plus your $1 wager, for $5.50 total return.

To calculate a decimal odds payout, multiply the odds times the wager amount. For example; 4.5 decimal odds on a $50 bet would be calculated as follows: 4.5 x $50 = $225 total return.

American Lines & Odds

American lines are displayed as negative (-) and positive (+) odds, and based around the $100 figure. Negative lines indicate the favorite, and positive lines indicate the underdog. Of course $100 wagers are not required, this is just the number used to calculate the odds.

Negative Lines

Negative betting lines indicate the amount of money needed to wager in order to win $100 in profit. So, a -160 means a bettor would need to wager $160 to win $100. A -240 line means they need to wager $240 to win $100.

Positive Lines

Positive lines are just the opposite. Positive lines indicate the profit that can be won from a $100 wager. It does not include the original wager amount. So, a +160 means that a $100 wager would earn a $160 profit plus the $100 wager amount, for a total payout of $260.

A +240 line would pay out $240 in profit on a $100 wager, for a total payout of $340 ($240 profit + $100 wager = $340).

A +420 line would pay out $420 in profit on a $100 wager, for a total payout of $520 ($420 profit + $100 wager = $520).

Even Odds

Even odds are generally displayed as ‘even’, but sometimes you’ll see them listed as +100. Even odds simply means that for every dollar you bet, you can win a dollar in profit. A bet with even odds would pay $100 profit on a $100 wager.

Money Line Confusion

American odds are often called money lines, but this isn’t exactly accurate. A money line is a type of bet, not a system for calculating odds. The confusion comes from the fact that money line bets use American odds, but there is a difference.

Money lines are bets with no point spread involved – picking straight-up winners regardless of the score. However, American odds are used for more than just money line bets. American odds are used for any type of bet as a way to calculate the odds.

Sportsbooks on the Internet

One sportsbook might be best for NFL football lines, while another might have the best parlay odds, and another might have the easiest deposit options for U.S. bettors. They’re all a bit different, another reason for signing up at multiple sportsbooks or daily fantasy sports betting sites. We rank the best online betting websites based on a number of factors, and our overall favorites are listed below.

Best Online Sportsbooks

• Sports Interaction: Canadian bettors only. Easy Visa and MasterCard deposits, tons of betting options for all sports, incredible live betting options & interface. Mobile betting available for iPhone, iPad, Blackberry, Android and Windows based phones. They are the most trusted and reputable sportsbook for Canadian bettors.

If you take your sports betting seriously, open accounts at several different sites. Always compare odds and look for the best lines before placing bets. There are benefits that handicappers get by online versus in a live sportsbook. First, it’s easy to compare odds at lot of sports betting sites because they’re only a click away. By comparing odds at a number of sportsbooks on the internet, you can be sure you’re getting the best odds & lowest vig (juice) possible. Slight advantages can be the difference of winning or losing a bet, and the amount you win or lose. In the long run, small advantages can really add up.

Live Betting Sites

Live betting (also called in-play) is quickly growing in popularity. This market continues to grow, with bookmakers adding more games to their live betting calendars. If you’re not familiar with live betting, these are wagers that can be placed while a game or match is happening. If you have a mobile phone, you can even bet on a game while you watch it from the stands.

In NFL football for example, bettors can wager on which player will be next to score, the result of every possession, if player X will record 100+ rushing yards, etc. Essentially, if you can think of it, you can bet on it.

For punters in Canada, Sports Interaction offers 200+ live betting events per day. Day or night, you can wager on a live event!

Promotions & Bonuses Offered

Sports Betting Calculator Money Line Betting

Most sports betting sites offer special promotions for their customers. This can include free NFL, NBA, or MLB bets, free mobile bets, free parlays, and a variety of other promos.

What Is Moneyline

For new bettors, most give their players a deposit bonus when they sign up. Sign up bonuses range in percentage and total dollar amount from site to site. Also, some deposit bonuses are much easier to clear than others. At some sportsbooks, players have to wager their deposit amount, plus bonus one time. At other sites, players may have to wager 5-10 times their deposit and bonus amount. The sports betting sites that we recommend typically have very fair bonus requirements.

Everyone makes moneyline bets without even knowing it. Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or team to win. If the bettor chooses the winning side, the sportsbook will pay the amount due. It’s really that simple.

There’s no point spread with a moneyline bet. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing.

The favorite team or player on the moneyline is the team that’s expected to win. This side of the bet usually listed with a minus (-) sign. The underdog team or player on the moneyline is the team that’s expected to lose. This side of the moneyline is usually listed with a plus (+) sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.

Example of a moneyline wager

Low scoring sports like baseball, soccer, and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. Let’s use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.

The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100 wager would pay $136 in profit if the Buccaneers won the game (for a total payout of $236). Bettors often like picking underdogs because they are usually “plus” money. This side of the moneyline bet pays out more money per unit than a wager on the favorite.

In this example, the moneyline on the favorite Chiefs was -156. At -156 odds, a bettor would need to wager $156 to win $100. Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered.

Looking deeper into moneyline wagers

The two sides of each moneyline wager are essentially the opposite of each other. When wagering on the favorite it’s easiest to work from the dollar amount that will return a win of $100. When wagering on an underdog it’s easiest to understand how the moneyline pays based on how much a $100 wager will pay.

Understanding how a moneyline wager pays isn’t simple but it’s not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.

As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline.

Moneyline parlays

Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The payout for a parlay is greater than an individual wager on each player or game. Underdog moneyline parlays are becoming popular because the payouts can be very large. Moneyline parlays are becoming popular because of the perceived ease of choosing multiple favorites to win. Choosing one winner is difficult and multiple winners at the same time is even more difficult.