
Moneyline bets are one of the most common types of bets. It’s a straightforward wager that is ideal for novice and seasoned bettors alike. Our moneyline calculator is the perfect tool for helping you form a betting strategy.
This calculator will help you to convert betting odds into a variety of formats, plus you’ll be given the implied probability of your wager winning. The moneyline probability calculator will work everything out instantly, saving you a lot of time and stress. Today, we’ll be clearing up exactly how our calculator works and why it’s essential for your betting.
Before we get into how our betting calculator works, let’s learn more about what a moneyline bet is. Quite simply, a moneyline wager is when you put money on a team or an individual player winning a game or event. It’s just one of many different ways of settling a bet on your favorite sport, but it’s also one of the simplest wagers you can settle.
On this straight-up bet, the odds can vary hugely. But when it comes down to it, the odds will pay out much greater on an underdog than the favorite. While moneyline bets will pay better for an underdog, they are much more likely to lose, so it’s an important factor to consider.
As we explained at the outset of this guide, moneyline betting is one of the easiest forms of sports betting, as you are backing a specific team or player to win the match or tournament. So, where does the moneyline odds calculator come in? Well, to put it simply, it’ll help you work out the implied probability of your wager being successful while showing you the odds in a range of different formats.
The bet amount on the moneyline percentage calculator is set at 100 by default, but you can change this to correspond with your chosen bet amount. Once you have done this, it’ll generate the odds in different formats instantly. For example, it’ll convert decimal odds to American odds, or fractional odds, and vice versa.
So, why should you be using our moneyline payout calculator at all? Well, just like any of our other odds calculators, it will save you a lot of time. If you were to work this out manually it could take quite a lot of time, which can cause additional and unnecessary stress. Our calculators are designed to make your life easier, so you can focus on the important sports betting decisions.
Because the calculator generated the implied probability of your bet being successful, you’ll find out instantly what your potential payout is if the outcome goes your way. Furthermore, viewing the probability percentage will help you to make an informed decision while comparing prices at sportsbooks so that you can find the best deal.
When it comes to using our calculator, you will notice that there are six fields above the implied probability section. In these six fields, you can check the different types of odds for your bet. It doesn’t matter what format you use as it all works out the same, so it’s all down to personal preference.
If you’re new to the world of sports betting and aren’t sure which odds format you prefer, here’s an explanation of how these odds formats work:
American Odds | Represented by positive (+) and negative (-) symbols. The minus symbol (-) indicates the favorite, while the plus symbol (+) indicates the underdog. |
Decimal Odds | A lower number represents the underdog, while the favorite shows as one or two decimal points. |
Fractional Odds | Popular among sports bettors. Two numbers are used; the second represents the stake needed to win the first. Example: 3/2 means you win £3 for every £2 wagered. |
Hong Kong Odds | Odds below one indicate favorites, while odds above one represent the amount you’ll win for every $1 wagered. |
Indonesian Odds | Similar to American odds, with + or - symbols. Example: +300 means an underdog where you win IDR 300 for every IDR 100 wagered. |
Malay Odds | Positive odds indicate the amount you’ll win for every $1 wagered, while negative odds show how much you must wager to win $1. |
Our moneyline calculator is simple to use, just as our hedge calculator is, so whether you are a complete beginner or a seasoned bettor, you’ll have no issues here. While it’s a breeze to learn, it always helps to read a step-by-step guide. Check out the below guidelines on how to use our moneyline betting calculator for the first time:
Now you have had a go at using our moneyline betting calculator and have familiarized yourself, you are ready to have a go before settling a real sports bet. As a tip, whether you’re using this moneyline calculator or our parlay calculator, we always recommend playing around with how they work before using them for actual bets, to make sure you know the layout and so on.
We are sure you will agree with how easy our moneyline calculator makes sports betting. It removes all the stress away from converting the odds into different formats manually and provides you with the implied probability percentage. All round, this makes the perfect addition to your sports betting toolkit.
Thanks to this handy calculator, gone are the days when you need to work these figures out manually, saving you lots of time during your sports betting sessions. There’s also no need for guesswork with the implied probability percentage, making sure that you know exactly how much you are set to walk away with if your bet wins.
Moneyline betting is a standard sports bet where you back a specific team or player to win a single match or a tournament. It’s one of the simplest forms of bets you can place, making it ideal for beginners.
A moneyline betting calculator is an important part of any sports bettors toolkit, as it helps you to convert odds into your preferred format. You can also learn the implied probability, so you can work out how much you could potentially win on your wager.
Our moneyline betting calculator is vital for any sports bettor who wants to know the implied probability percentage of their bets. It will calculate how much you could be set to win if your bet is successful. Plus, it will help to convert the odds into six different odds formats.
Absolutely! Because our calculators are so handy, they might feel a little like ‘cheating’ but they certainly aren’t. It’s simply a tool designed to help you convert odds into a variety of different formats and provide you with the implied probability to help you make fast decisions.
No, you won’t be banned or prohibited from betting at any online bookmaker for using a betting calculator. That goes for all of our betting calculators, not just the moneyline calculator.
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