How to use the moneyline bet calculator
In theory, calculating your potential payout for a moneyline bet is pretty simple. However, when you are staring at odds of -173 on the Chiefs to beat the Eagles and you have $17.50 to stake, calculating the potential payout and expected profit in your head suddenly isn’t so easy.
That’s where our moneyline calculator comes in, as we’ll give you the answers you need instantly, as soon as you’ve entered the odds and stake for your chosen bet. Below is a more detailed explanation of the required input and the results the moneyline bet calculator will provide.
To get started, input the following data:
- Stake
- The total amount of money that you wish to place on this bet.
- Odds
- Type in the odds being offered by the sportsbook. Here in the US they will typically be shown as American (moneyline) odds, but you’ll have the option to input as decimal or fractional odds instead.
What our moneyline bet calculator will show you
Once you’ve entered the required data and clicked the “Calculate” button, the calculator will display:
- Total payout
- This is your total return if your bet wins (stake + profit).
- Total profit
- This is the profit you will make if the bet wins (total payout - stake)
A step-by-step guide to using the money line calculator
Although our moneyline bet calculator is very straightforward to use, here is a step-by-step guide to walk you through the process:
- Find the odds for your desired wager
- Copy the odds into our moneyline calculator
- Enter the amount of money you want to bet
- Click the ‘Calculate’ button
- The calculator will display your total payout and profit, if your bet wins
Example using a real-life moneyline bet
We’ve covered the theory, now let’s take a look at how this calculator works in practice. As an example, we’ve picked the following NHL betting line from DraftKings:
| Moneyline | Puck Line | Total |
| Blue Jackets | +190 | +1.5 (-125) | O 6.5 (-112) |
| Penguins | -230 | -1.5 (+105) | U 6.5 (-108) |
In this example, we’ve provided the entire betting line. However, when using the calculator for this example, we’re going to take the Blue Jackets to win as underdogs at +190 with a $100 stake:
| Stake: | $100 |
| Odds (Moneyline): | +190 |
| Probability: | 34.48% |
| Total payout: | $290 |
| Profit: | $190 |
Here you can see that the total payout for a $100 stake would be $290, with $190 of that being profit ($290 total payout, less your $100 stake).
Additionally, our calculator will also convert the odds into an implied percentage probability for you, which shows the chance of the outcome happening. In this example the sportsbook odds give you a 34.48% chance of winning.
However, 34.48% isn’t the real probability, and we recommend using our no vig calculator to establish the fair odds and probability without the bookmaker’s commission added on.
Moneyline betting explained
Technically speaking, you can use our moneyline calculator to find your potential payout for any type of bet. However, it is named after the moneyline bet, which is the most straightforward bet of them all.
Basically, a moneyline bet involves betting outright on which team you think will win a match. There are usually two potential outcomes on a moneyline bet - the underdog to win, or the favorite to win.
Underdogs vs favorites
In the example that we’ve used above, you can see that the Blue Jackets are the underdogs, as they are shown with positive odds of +190. The Penguins are -230 favorites and are represented by negative odds.
Moneyline odds calculator - How the odds work
Here in the US, the
best MLB sportsbooks
use American odds as the default format, which is what we’ve used in the examples throughout this article. As you will have seen, there are two positive and negative numbers used here, which are plus and minus odds.
Here is how to read them:
- Plus odds
show how much profit you would win with a $100 stake. Referring again to the example above, a $100 bet on the Blue Jackets would get you a $190 profit were you to win.
- Minus odds
show how much you would need to stake to achieve a $100 profit. Again using the example above, you would need to stake $125 on the Penguins to get a $100 profit.
When working with numbers divisible by 10, calculating your potential payout for moneyline odds in your head is quite easy. However, that’s not always going to be the case.
For instance, calculating that you will get a $26.50 total payout with a $14.50 stake on the Penguins at -125 is pretty tough for most of us to do mentally. That’s why our moneyline calculator is an essential tool for any sports bettor, regardless of experience level or bankroll.
Our top-rated sportsbooks
1.
$25 Free on Signup, No Deposit Required
2.
Play Free for Your Share of Millions in Prizes with 1st Deposit
+ free $3 ticket
Play now
18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply.
3.
Up to $1,000 Bonus Cash when you make your 1st deposit
Play now
Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, & VA) and present in a state where Underdog Fantasy operates. Terms apply. Concerned with your play? Call 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).
4.
5.
Using the moneyline calculator on other bet types
Strictly speaking, you don’t have to use this calculator just for moneyline bets - it works for any single market bets. For more information, you can find other
betting lines explained
in more detail here in our other guides here at PromoGuy.us.
Why use the moneyline payout calculator?
Naturally, there are plenty of advantages when using our moneyline calculator. We have summarized the top five uses for this tool below:
Before you place your bet, you know exactly how much you stand to win with your bet. Ultimately, this can help you determine if it’s worth your while or not.
The main advantage of this tool is that it does the math so you don’t have to waste time doing complex calculations.
As well as showing your total potential payout, you also get to see the implied probability. You can therefore know when to avoid longshot bets or skip low-paying wagers even if they have a high chance of winning.
Not only does this calculator give you the payout and profit figures that you need, but it can also convert your odds into other formats. For example, if you input American odds, our calculator can convert them into decimal and fractional for you too.
This calculator can literally be used for every type of single bet that you place. Therefore besides parlays, accumulators, and other combo bets, it is always a suitable starting point.
The money line bet calculator is far from the only tool of this type that you can use here at PromoGuy US. We’ve got a large selection of betting calculators to suit all bettors from beginner to advanced experience levels. You can check and test all of them below.
Betting money line calculator - Conclusion
In summary, the moneyline calculator might be the simplest of all the betting calculators here at PromoGuy US, but it is also the most important. Moreover, it is the one that you are likely to use most often, regardless of how experienced you are and how big a bankroll you have.
For all of your single wagers, the most important things that you need to know are your potential payouts and profits. Additionally, it helps you to understand the implied probability of your chosen outcome winning. Using all of the information that this calculator can provide will increase the effectiveness of your bets and enhance your overall experience.
Discover the sportsbook bonuses we recommend
1.
$25 Free on Signup, No Deposit Required
Wagering (WR): 1x Deposit
2.
Play Free for Your Share of Millions in Prizes with 1st Deposit
+ free $3 ticket
3.
Up to $1,000 Bonus Cash when you make your 1st deposit
Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, & VA) and present in a state where Underdog Fantasy operates. Terms apply. Concerned with your play? Call 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).
4.
5.
100% up to $500
Min. Deposit: $10
Moneyline Calculator FAQ
🔎 How do you calculate the moneyline?
There are two types of numbers involved when calculating the moneyline. Plus odds show you your expected profits with a $100 stake - e.g. +200 means your expected profit is $100 with a $100 bet. Minus odds show you how much you need to bet to win a $100 profit - e.g. at odds of -110 you’d need to stake $110 to win a $100 profit.
👀 How do I translate a moneyline?
Translating moneyline odds to fractional or decimal odds on your own is pretty complicated. However, what you can do instead is use the moneyline calculator here at PromoGuy.us. As well as translating the odds, this tool also shows your expected payout and profit based on the money you want to stake at the given odds.
❓ What is +500 on the moneyline?
+500 is an example of plus moneyline odds on a fairly longshot underdog. As our calculator will show you, a $100 bet at these odds would give you a total payout of $600 were you to win, with $500 of that being your profit.
Daily picks from betting experts on odds boosts and casino promos
