Moneyline Odds Calculator

Moneyline to Implied Probability Formula:

\[ \text{Implied Probability} = \frac{100}{\text{Moneyline} + 100} \text{ (for positive odds)} \]

Implied Probability:

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1. What is Moneyline Odds?

Moneyline odds represent how much money you would win on a $100 bet (for positive odds) or how much you need to bet to win $100 (for negative odds). It's a common format used in sports betting.

2. How Does the Calculator Work?

The calculator uses the moneyline to implied probability formula:

\[ \text{Implied Probability} = \frac{100}{\text{Moneyline} + 100} \text{ (for positive odds)} \] \[ \text{Implied Probability} = \frac{|\text{Moneyline}|}{|\text{Moneyline}| + 100} \text{ (for negative odds)} \]

Where:

Moneyline — The betting odds (e.g., +150 or -110)
Implied Probability — The percentage chance the bet has of winning according to the odds

Explanation: The formula converts betting odds into their implied probability, helping bettors assess value.

3. Importance of Implied Probability

Details: Understanding implied probability helps bettors compare odds with their own assessment of an event's likelihood to find value bets.

4. Using the Calculator

Tips: Enter the moneyline odds (positive or negative) to calculate the implied probability. The result shows the percentage chance implied by the odds.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between positive and negative moneyline?
A: Positive moneyline shows how much you win on a $100 bet. Negative shows how much you need to bet to win $100.

Q2: How does implied probability relate to actual probability?
A: Implied probability includes the bookmaker's margin. It's usually higher than the true probability.

Q3: What does +150 moneyline mean?
A: A $100 bet would win $150 (plus your $100 stake back).

Q4: What does -110 moneyline mean?
A: You need to bet $110 to win $100 (plus your $110 stake back).

Q5: Why is understanding implied probability important?
A: It helps identify when odds might offer value compared to your own probability assessment.