For example, if the Dolphins are +150 to win a game, you would receive 75 in profit for a correct 50 wager. Positive odds that you see on the betting odds converter tell you what profit you would earn for betting 100. The chart below shows the money line and win percentage from earlier in the week. The odds converter shows both types, starting from negative and going up to positive. If equal money was bet on both sides, then the house will get to keep half of the earnings, or 1.05% (half of 2.1%) of all the money bet with it.īetting houses try to get equal money bet on each team, so you will see the money line change. 2, we see that the house will keep 2.1% of all the money bet with it, but will have to give some of that away once a champion has been crowned. The extra percentage goes to the company where the bet is placed.įor example, if we look at Money Line No. When you add the win percentage of each team you get more than 100%. Here is the same chart as above but as win percentage instead of the money line. So the win percentage associated with a money line of -135 is 135/235 or 57.5% (rounded to the nearest tenth of a percent). Pythagorean Win Percentage 0.6154, or 61.54. Using the money line of -135 you would bet $135 to take home $235. The exponent used for this example will be 13.91. To calculate win percentage you take what you bet divided by what you take home if you win, and then turn that decimal into a percentage. We can calculate win percentage using the money line to get a better idea of who is favored and by how much. A negative money line is favored to win against the positive money line. On the spread, 51 percent of bettors have the Bengals. The money line feels backwards to the math teacher in me. According to Tipico Sportsbook, 74 percent of moneyline bettors have taken Cincinnati (+165, bet 100 to win 165) to win the Super Bowl. Odds represent the ratio of the probability.
#MONEYLINE TO PERCENTAGE PLUS#
Another way to think of it would be if you bet $100 you would take home $215 ($115 plus the $100 you originally bet). Probability is expressed as a percentage chance, while odds can be presented in a few different formats, such as a decimal, fraction, or moneyline. A money line of +115 means you bet $100 to win $115. Another way to think of it would be if you bet $135 you would take home $235 ($100 plus the $135 you originally bet). The Money LineĪs I’m writing, the money lines for the big game from some websites are given in the chart below.Ī money line of -135 means you would have to bet $135 to win $100. Above you see the general range of baseball odds, with the vast majority of money lines not surpassing the +/- 300 range. The most common way to bet on football is against the spread, but I’m interested in the money line and how that can be used to calculate the gambling win percentage. Moneyline to Percentages Conversion Chart.
I spent the season rooting for both the Broncos and the Seahawks to do well, but now that they are playing each other, I’m conflicted. I grew up in Fort Collins, Colo., but have been living in Seattle for the past nine years. As the Super Bowl approaches, I find myself in an interesting position where I want both teams to win.
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