How to Convert a Money Line into a Percentage and Vice-Versa
- Vegas Moneyline Calculator
- Vegas Moneyline Calculator
- Las Vegas Money Lines
- Las Vegas Money Line Calculator
- Las Vegas Money Lines Nfl
- Vegas Money Line Calculator
- Money Calculator Online
Enter the amount of money you wish to bet. Our calculator will take care of the rest. You’ll see how much money you’ll win, and the total payout you’d receive. We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. 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). Using the parlay calculator is extremely easy. All you have to do is type in the money lines for each one of your wagers (most spread bets will be -110) and then enter the amount you want to bet on the parlay. Once you hit Calculate the payout field will populate with how.
This summer I read a book that is essential reading for any sports bettor, beginner, or expert. The book is called Weighing the Odds in Sports Bettingby King Yao. In this book Yao explains how to think about and beat sports betting. He draws from his successful career in financial derivative markets and examines sports betting in that vein. Chapters on general sports betting include information on the sports-betting market, different ways to beat sports betting, scalping, middling, hedging, tips for bettors and handicappers, how to evaluate other handicappers and an enlightening interview with a Las Vegas professional bettor.
In Chapter 1, Yao shows the reader How to convert a money line into a percentage.
- Moneyline odds are based on a $100 wager, with the favorites getting a negative number (-) and the underdogs getting a positive number (+). A favorite at -140 moneyline odds means a $140 winning wager wins you $100 in profit. An underdog at +140 moneyline.
- However, if you backed Washington on the Money Line, you walk away with nothing as it lost the game straight-up. The VegasInsider.com Parlay Calculator is a great tool to see what kind of return you can create while avoiding the pitfalls of risk.
Vegas Moneyline Calculator
Convert a money line into its equivalent win percentage by dividing the amount you risk by the amount your ticket will be worth if your bet wins. The ticket amount is your win plus the amount you bet.
If the money line is negative, then take the money line and divide it by itself minus 100. For example, a money line of -129 converts to 56.3%:
=-129 / (-129 -100)
=-129 / -229
Vegas Moneyline Calculator
=56.3%
If the money line is positive, then take 100 and divide ti by the money line plus 100. For example, a money line of +109 is converted to 47.8%
![Vegas Money Line Calculator Vegas Money Line Calculator](/uploads/1/3/6/8/136856909/968907869.jpeg)
=100 / (109+100)
Las Vegas Money Lines
=100 / 209
=47.8%
Las Vegas Money Line Calculator
Converting percentage into a money line
If the percentage is greater than 50%, then divide it by 100% minus itself, and multiply by -100. For example, 55% is conveted to -122
= PERC / (100% – PERC) x (-100)
= 55% / (100% – 55%) x (-100)
= 55% / 45% x -100
= 1.22 x -100
= -122
If the percentage is less than 50%, then take 100% minus itself divided by itself, then multiply by +100, then put a plus sign in front of it. For example, 45% is converted to +122
= (100% – PERC) / PERC x 100
= (100% – 45%) / 45% x 100
= 55% / 45% x 100
Las Vegas Money Lines Nfl
= 1.22 x 100
= +122
Vegas Money Line Calculator
So how is this useful?
Money Calculator Online
I use the later set of formula’s (Converting percentages into money lines) every time I place a bet. Sometimes I can cap my own games and determine that Team A has a 66% chance to win a game. Other times, I use ESPNinsider to simulate the games for me (this requires a premium subscription). In my sports betting Excel spreadsheet, I already have the two formula’s entered in so all I have to do is substitute the percentages to get my money line.
So let’s say that ESPN says Alabama has a 66% chance to beat Tennessee. Using the formula above, I determine that based on that percentage, the money line should be Alabama -194. At this point, the Alabama money line is actually only -170, so basically ESPN’s simulation says there is a -24 point value in taking Alabama. You see what I’m saying? This is also helpful with line movement in that it quantifies in cents how much value that bet has gained or lost since it opened.