To calculate the profits for (+) American odds wagers you may use the formula:
Basically, American odds give bettors the amount of money they would profit from a wager of $100. If the New York Yankees are +275 to win an upcoming game against the Boston Red Sox, perhaps in the World Series, this means that for every $100 you bet on the Yankees you will receive a profit of $275. So whenever there is a minus (-) figure you lay that amount to win a hundred dollars, and where there is a plus (+) you win that amount for every hundred dollars you bet. You can also have a look at our odds converter! Moneyline Bet (American Odds)Īmerican odds, also known as money line odds, indicate return relative to a hundred unit base figure. Each type of odds requires different calculating methods when using a sports betting odds calculator. There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional.
#MONEYLINE ODDS CALCULATOR HOW TO#
Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds. Read about how to start betting on basketball before making your first wager.Ī betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically.Use a Caesars bonus code when registering for a welcome promotion.To learn more about how to use a betting calculator and the different odds formats available for sports betting read below. How To Use A Betting Odds Calculator Moneyline Bet (American Odds) Decimal Odds Fractional Odds
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