The online tool does the calculation for you and presents you with the results instantaneously. Once you’ve found a suitable moneyline calculator online, all you need to enter are the wager amount and the sportsbook’s odds. But ultimately a moneyline odds calculator saves you valuable time. It’s not a complicated formula and understanding the calculation might be beneficial to you at a later stage. When considering whether or not to place a moneyline bet, you can calculate the potential win manually. Vegas Insider makes no representation or warranty as to the accuracy of information given or the outcome of any game or event. The content on this page is for informational purposes only. How do you know if a team is worth betting on? A simple online tool called a moneyline calculator is handy for calculating the win potential of the bet.

For example, a favorite’s odds might be something like -110 while an underdog’s odds might be something like +125.Īlthough moneyline betting is the easiest type of wagering, you might still be confused when confronted with the American odds. On the other hand, a plus sign indicates the underdog’s odds and represents the amount you can win from a $100 bet. A minus sign indicates the odds for the favorites and is the amount that you must bet for a $100 payout.

Sportsbooks display the odds for moneyline betting in the American odds format. Betting on the underdog will always net you a greater return than a bet on the favorite. It’s purely a bet on your pick to win a match, with no strings attached. A moneyline bet is one of the most straightforward bets in sports betting and is popular for low-scoring sports.

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