The side with the plus sign is the underdog, which is the side the sportsbook expects to come up short in the contest. The minus sign indicates which side of the market the sportsbook expects to win the contest. That’s pretty simple, although maybe a bit contrary to what you might think it means. You may be wondering what the minus and plus signs in front of the numbers mean. If you pick Alabama and the Crimson Tide win the game, you win as well. The only thing that matters is the final score. It doesn’t make a difference how many points both teams score, how much one wins by, or whether the game goes into overtime. What will determine your wager is which team wins this game outright. You can bet on either side of this market, but not both. Let’s say DraftKings Sportsbook in Tennessee has moneyline odds on a game between Alabama and Southern Cal currently sit at: Team To get a better understanding of how moneyline markets work, let’s use an example. To go right to the sportsbook, claim your bonus and start betting on any moneyline, simply click “Bet this game” below the odds you like. These are actual odds as posted at the sportsbooks listed. See the latest moneyline odds at legal online sportsbooks for all the major sports (NFL, NBA, etc) in our feed below. Latest Moneyline Odds at TN Online Sportsbooks
#Convert moneyline to percentage how to
Moneyline odds indicate which side the oddsmakers favor, how strongly they do so, and what the payout will be if you win. It’s pretty simple once you learn how to read the odds as TN online sportsbooks present them. The likelihood of winning your moneyline bet depends on many factors. While these bets are simple, that doesn’t necessarily mean they’re easy to win. You don’t need to worry about the point spread or over/under total all you need to do is pick the winning side. If the athlete or team you put your money down on wins, you get paid out at the posted sportsbook odds. When you bet on a moneyline, you’re merely picking one side of the bet to win. Learn more about implied probability.Moneyline bets are the simplest bets out there. It is typically expressed as a percentage. As with all measures of probability, the implied probability always falls in the range 0 <= implied probability <= 1. Implied probability is the probability of an outcome occurring as implied by the bookmaker odds. Note that both 1 and -1 are equivalent to decimal odds of 2.00.įor decimal odds between 1.00 and 2.00: Malay = decimal – 1įor decimal odds above 2.00: Malay = -1 / (decimal – 1)įor Malay odds between 0 and 1: decimal = Malay + 1įor Malay odds between -1 and 0: decimal = (-1 / Malay) + 1 Malay odds fall between -1 and 1, but cannot equal zero. When negative, Malay odds represent the number of units needed to be wagered in order to win 1 unit. When positive, Malay odds express the net return from a winning 1 unit bet. 3.00 in decimal odds equals +200 in American odds)įor American odds >= +100: decimal = (American / 100) + 1įor American odds = 1: decimal = Indonesian + 1įor Indonesian odds <= -1: decimal = (-1 / Indonesian) + 1 Note that +100 and -100 are both equivalent to decimal odds of 2.00.įor decimal odds between 1.00 and 2.00: American = -100 / (decimal – 1)įor decimal odds above 2.00: American = (decimal – 1) * 100 (often expressed with a + in front, e.g. When positive, American odds express the number of units that can be won from a 100 units wager. When negative, the American odds indicate the number of units that would need to be successfully wagered to win 100 units. 1.50)įractional to Decimal: Fractional = decimal – 1 (expressed as a fraction, e.g.
A winning $10 bet at 1/2 fractional odds would return $15.00 for a $5.00 profit (50% return).ĭecimal to Fractional: Decimal = fractional + 1 (expressed as a decimal number, e.g. A winning $10 bet at 1.50 decimal odds would return $15.00 for a $5.00 profit (50% return).įractional odds express the net return (in fractional form) from a winning 1 unit bet.
Maximising Expected Return to Risk Ratio.Implied Probability and Expected Return.
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