Moneyline To Percentage Calculator

Moneyline to Percentage Formula:

\[ \text{Win Percentage} = \begin{cases} \frac{100}{ml + 100} & \text{if } ml > 0 \\ \frac{-ml}{-ml + 100} & \text{if } ml \leq 0 \end{cases} \]

Implied Probability:

Unit Converter ▲

Unit Converter ▼

From:	To:

1. What is Moneyline to Percentage Conversion?

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). Converting these to percentages gives the implied probability of that outcome occurring.

2. How Does the Calculator Work?

The calculator uses the following formulas:

\[ \text{For positive moneylines (+ML): } \text{Implied Probability} = \frac{100}{ML + 100} \times 100\% \] \[ \text{For negative moneylines (-ML): } \text{Implied Probability} = \frac{-ML}{-ML + 100} \times 100\% \]

Where:

$ ML $ — Moneyline odds (e.g., +150 or -200)

Explanation: Positive moneylines indicate underdogs where the potential payout is greater than the risk, while negative moneylines indicate favorites where the risk is greater than the potential payout.

3. Importance of Implied Probability

Details: Understanding the implied probability helps bettors assess whether a wager offers value by comparing it to their own assessment of the true probability.

4. Using the Calculator

Tips: Enter the moneyline odds (with + or - sign) to calculate the implied win probability. For example, +150 (underdog) or -200 (favorite).

5. Frequently Asked Questions (FAQ)

Q1: What does a +150 moneyline mean?
A: +150 means a $100 bet would win $150 (plus your $100 back). The implied probability is 100/(150+100) = 40%.

Q2: What does a -200 moneyline mean?
A: -200 means you need to bet $200 to win $100. The implied probability is 200/(200+100) = 66.67%.

Q3: Why is the percentage higher for negative moneylines?
A: Negative moneylines represent favorites, which have a higher probability of winning according to the oddsmakers.

Q4: How accurate are these probabilities?
A: They represent the bookmaker's assessment including their margin (vig). The true probability is slightly lower.

Q5: Can I use this for parlay calculations?
A: Yes, but remember probabilities multiply in parlays, making the combined probability lower than individual probabilities.