How do you calculate negative moneyline?

CALCULATING POSITIVE AND NEGATIVE MONEYLINE ODDS

For example, a sportsbook has odds of -120 on Team A and +330 on Team B, and your wager amount is $50. For negative odds, you divide 100 by the bookmakers odds, then multiply that number by the wager amount.

How do you calculate moneyline bets?

A moneyline is simply a bet type that only includes Odds, as in “Odds to win”. Example: a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win. A moneyline of -150 is just -150 odds ($150 to win $100) for the listed team to win.

How does the minus in Moneyline work?

So, for instance, let's say a moneyline favorite appears as -180 on the betting board. That minus sign indicates the amount of money one must wager to win $100. So a bettor looking to win $100 will risk $180. Another bettor looking to win $10 will risk $18.

How can both teams have a negative moneyline?

Explanation: Occasionally, two teams are so evenly matched that they both feature negative moneylines. In this case, the sportsbook simply does not feel comfortable about predicting the outcome to the point that it will pay extra if the underdog wins.

What is the formula for the moneyline?

To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. To calculate the payout of a $50 bet on the Buffalo Bills, divide 115/100 and multiply by $50 (1.15 x $50 = $57.50). A winning $50 moneyline bet on the Bills returns $107.50 total to the bettor.

Explaining moneyline, spread, and total bets.

How do you convert moneyline odds?

Odds conversion

If the moneyline is positive, it is divided by 100 and add 1. Thus, +400 moneyline is the same as 5.0 in decimal odds. If the moneyline is negative, 100 is divided by the absolute moneyline amount (the minus signed is removed), and then 1 is added.

What does money line +1.5 mean?

This means that the underdog must win outright or lose by exactly one point to cover the spread. Alternatively, a +1.5 spread means that the favorite must win by two points, runs, etc. or more. The +1.5 is the standard “run line” in MLB betting.

Why would you bet a negative money line?

The minus sign shows you which team is favored. When you bet on the favorite you get worse payout odds on your bet since they're more likely to win. The team with a negative number (like -110) is the favorite.

What happens on moneyline if its a tie?

There's no winner or loser for the wager. For games that end up tied, such as an NFL regular season game that's not settled during overtime, the end result is the same. If you had bet on the moneyline for that game, your bet is a push but the spread will have a winner.

Should you bet on a negative money line?

Betting on a team with negative odds is probably a safer bet because they're considered the favorite, but it also costs more and returns a lesser profit. This example is the same for every sport. For the favorite, the calculation for your profit is (100/Odds) * Bet Size.

How do negative bets work?

Odds with a negative (-) symbol indicate the betting favorite. The number that follows the negative symbol (the odds) reveals how much to bet for every $100 you want to win. For example, as explained above, if the team you're betting has -110 odds, you need to wager $110 to win $100.

Is it better to take moneyline or spread?

While a point spread requires the team you bet on to win by a specified margin, moneyline does not. However, point spread bets typically have odds somewhat close to even money, meaning you would win about as much as you bet if you won. Moneyline bets have a wide range of odds.

What if both odds are negative?

For example, a -300 is a deeper negative than -125. If both odds are the same it means the sportsbook thinks both teams are evenly matched. The negative and positive sign have more implications than simply indicating which betting option is more likely to win. It also indicates how much you can win on each bet.

How do you calculate money line parlay?

What does minus 550 money line mean?

The number after the plus or minus sign will tell you how much of a favorite or underdog the bet is. The bigger the number, the bigger the favorite or underdog. For example, a team that is -1400 is a much bigger favorite than a team that is -150. A team that is +900 is a much bigger underdog than a team that is +550.

What are the best moneyline odds to bet?

The best odds for betting favorites exists in the -150 to -200 range. These lines present an opportunity to win back decent money for your bet.

Does a money line bet push on a tie?

With moneyline bets, all you do is bet on the team you think will win. If they do, you'll win your bet and if they don't, you'll lose. In addition, a tie will result in a push where you won't win or lose anything.

Do you lose a moneyline bet if they tie?

In this type of moneyline bet, you are betting on the winning team. In case of a tie/draw, the bet results in a push and the wager is returned to you. When using American odds, the positive moneyline is the underdog and the negative moneyline is the favorite.

What happens if you bet on moneyline and it's a draw?

If a draw is offered as an option on a moneyline bet, however, the only way bettors win their wager is if they selected a draw as the outcome. Otherwise, bettors will lose that wager. (Note: In the case that you used a promotional “risk-free bet”, the outcome is a bit different.)

Is Moneyline the safest bet?

Moneyline betting has the lowest returns on favorites while having the best returns on an underdog. Moneyline betting is best used when you see an underdog has the best chance of winning. Another reason people would bet on a Moneyline is if they are unsure of which team would win using the point spread.

What happens if you bet $100 on a 140 money line?

If a team was at +140, that means you only have to risk $1 to win $1.40 or $100 to win $140. The key thing to keep in mind is that the payouts are constant regardless of how much you bet. To figure out the exact amount of risk/return, just divide the moneyline by 100.

Does moneyline mean straight up?

Straight up and moneyline can be used interchangeably in terms of the bet they represent, but you won't often hear someone say, “The Padres are 4-3 on the moneyline in road games this year.” Straight up won't show up on a bet sheet, but it is common in sports betting writing regarding trends and analysis.

How do you calculate negative odds?

To figure payout on negative odds, take the number from the negative line and divide it by 100. Continuing with our example, that would be 770/100=7.7. Then divide your wager by that number, which would be 50/7.7=6.49.

How often do moneyline favorites win?

Over the past five seasons, 67.25% of favorites have been successful in the NBA regular season. Home favorites have a slightly higher success rate than those on the road, with 69% of home favorites winning compared to 64.4% of those on the road.

How does a moneyline payout?

How does a moneyline pay out? Moneyline odds posted are based on a $100 bet, with favorites getting a negative number and underdogs a positive number. A favorite at -150 moneyline odds means a $150 winning bet wins $100 in profit. An underdog at +150 means a $100 winner brings in $150 in profit.