View, compare and choose the best futures, events, players and games odds from the all online top bookmakers in US.

Have you ever wondered what the chances of a team winning was based off of the money line for the game? That’s a key part of understanding money line bets. First, we have a simple calculator that you can use to plug in any moneyline (American style odds) and quickly get the fair market probability that it implies. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare.

Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits. Examples: Below is an example of NFL betting odds taken from an online betting site. 50/50, is simply a way of expressing a 50% chance for player 1 to win and an equal 50% chance that player 2 will win. So looking at the Odds table above and looking up the conversion of a 50% chance we can see that both players will be EVENS. This is before the bookie adds in his percentage (edge). (more of this later).

Money Line Calculator (Implied Probability)

The following chart shows how likely a team is to win based off the odds. This is helpful in handicapping because you can see just what percentage of your wagers you need to win at each given money line in order to profit.

The left chart is to be used for favorites, the right for underdogs.

Win % – Percentage of wins required to show a profit at a given money line.

Betting Money Percentages

For example, you would need to win 80% of all of your bets just to break even if you only bet on -400 money line favorites (over 80% to turn a profit).

Public Betting Percentages

Moneyline Conversion: Odds to Percentage Chart

Convert Betting Odds To Percentage

Spread to Moneyline by Sport Conversion