The Chiefs ultimately won the Super Bowl, so their moneyline bettors left the NFL season happy with a decent payout. According to the WestGate SuperBook in Las Vegas, the Chiefs came into the game as slight favorites and a -130 listing on the moneyline. As small underdogs, the 49ers entered the game with a +110 moneyline. On the flip side, if you start betting multiple underdogs on the moneyline and are successful, the little amount you put on the line could turn into a big-time payday. Tying odds in the -300 to -500 range together on parlay tickets can help bettors gain some value on high priced moneylines.
How Does A Money Line Work?
For this type Nfl Odds This Week & Football Betting Lines of bet, the score after regular time is considered as the valid one, since a tie is not possible in overtime. TeamOddsWolfsburg-139Draw+300Freiburg+333From the odds presented, we can see that a three-way bet offers better value than placing a wager on a 2-way moneyline. If you decide to back the favorites, in this case, Wolfsburg, you can land a $100 profit with a $139 stake with a 3-way bet. On the other hand, for the same 2-way bet, you need to wager $256 to be able to get a $100 profit.
To calculate decimal odds, you can use the following equation. Fractional odds are used more commonly in parts of Europe and in horse racing. To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout. Here are some odds for a fictitious horse race and how you’d go about reading them. For every $1 wagered on a team with +200 odds, $2 will be paid out.
When wagering on this type of betting line, it’s usually advisable to avoid taking on too much risk or picking overwhelming favorites who don’t pay out well. Sports which feature draws will have a third moneyline, along with the option to bet on either team winning. Moneylines usually feature a team with plus odds and a team with minus odds. The team with the biggest plus odds is the underdog, while the team with the largest minus odds is the favorite. Odds to win the MVP are calculated the same as NBA Finals, Conference Champion and playoff odds.
Compare Moneyline Odds At Sportsbooks
Collectively, the Pinnacle team and external contributors produce the educational content within Betting Resources. However, sharp bettors will calculate probability without the bookmaker’s margin – this can be done using the hypothetical example. The simple formula to convert odds into probability percentages is below.
A “money line” bet is a way of betting on which team is going to win the game outright, or which individual will win an event. With a money line bet, the margin of victory or the total number of points a team scores do not matter. If you like the Patriots to win outright versus the Browns, a 3-0 win would win you just as much money as a 77-0 win. The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. For any favorite or underdog input, the calculator produces the implied probability of that team winning.
There is nothing worse than watching your team win the game, but lose you money by not covering the point spread. You can compare all the latest NCAAF odds from the market leading sportsbooks. Line histories and consensus reports are also included for each game to help you with your picks.
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Again, if the moneyline figure is positive it tells you what you can win on a successful bet with a $100 stake. Remember though, -100 is evens, so your returns are exactly double what you put down. A $100 bet at a price of -100 returns $200, or $100 profit. As widely used in much of Europe and around the world, prices in decimals tell you what you stand to win if your bet is a successful one, including the stake being returned to you.