It is one of the most important first steps to understanding sports betting and is crucial to success. The sportsbooks mentioned above will also regularly offer attractive moneyline prices, as they vie for supremacy with one another in a competitive market, meaning that you can find plenty of bargains over the course of the season. : Legal US sportsbooks generally present several different ways to wager on sports. Let’s say you bet $100 at +120. Where can you find the moneyline at the sportsbook or online? 5,419 Subscribers Subscribe. ‘moneyline’ odds are used. However, you would stand a far greater chance of success. In this example, the Celtics are theoretically just as likely to win by six points or more as the Grizzlies are to lose by less than six points. 381. (Money lines) A type of bet in which you must only pick the winner of a game straight up, not dependent on what the "Sides" of the game are. A tool like the Odds Coach Moneyline Calculator can be an indispensable tool to use for evaluating the odds and implied win probabilities at DraftKings Sportsbook. Type in the odds on each side of the point spread bet. How the Spread Is Calculated in the Forex Market . Most of them are set up in different ways, but they all basically just need you to input the odds and payouts of all the wagers that make up the bet. NFL Spread Calculator The NFL Spread Calculator is can offer spread bettors some insight when deciding if, and how many points to buy on the alternate line. The alternative would be to bet on Cleveland +8.5 in this example of a spread bet. If you find odds of +230 on the underdog at a rival sportsbook, that would represent good value. The moneyline bet calculator’s ability to display odds across multiple notation formats (American, Decimal, Fractional, Indonesian/Hong Kong, and Malay odds) allows bettors to compare lines across sportsbooks that use different notations. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet. All sportsbooks offer moneylines and spread betting opportunities on football, basketball and other sports, plus markets for entertainment purposes. So we’re here to break it down for you. A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado. Check out: The math used in calculating the payout on a moneyline is pretty simple. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. If the sportsbook was actually offering +220 on the favorite and -270 on the underdog, you would see that you are not necessarily receiving the correct value on the underdog, but that you have found a good moneyline on the favorite. The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook. For some events such as horse racing, US betting sites adopt fractional odds. New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. In the World Series Game 1 example from above, if 90% of bets come in on the Dodgers, the sportsbook stands to lose big money if Los Angeles wins. This sports betting moneyline to spread converter tool helps you quickly find out if you are paying too much juice on either side of a spread bet. I've tried putting it into a formula, but it gets all screwy, it's easier just to create a data-table or spreadsheet or array and use that to extrapolate your expected money-line. Note that it is a curve that approaches, but will never get to $0. The following page includes the OddsCoach.com MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets. View All Sportsbook Ratings & Compare Features. The top online sport betting brands in the US include the following: One of the biggest brands to emerge in the booming online sports betting industry, DraftKings Sportsbook offers mobile sports wagering in eight states. You can use it to compare the spread and the moneyline to see which option gives you the best value, and you can compare two or more sports wagering sites to find the one that offers the best true value on your bet. Here is how the moneyline parlay is calculated: Convert the moneyline to decimal odds. 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