How do I convert American odds to implied probability? In this example, the moneyline on the favorite Chiefs opened at -162 (currently ). Our calculator will take care of the rest. This is a free online math calculator together with a variety of other free math calculators that compute standard deviation, percentage, fractions, and time, along with hundreds of other calculators addressing finance, fitness, health, and more. - "Online Calculator" always available when you need it. Let’s say you bet $100 at +120. A betting odds calculator and converter multiplies the stake by the odds to determine the potential profit on your sports betting wagers. This service is intended for adult users only. A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. Make changes to your 2020 tax return online for up to 3 years after it has been filed and accepted by the IRS through 10/31/2023. So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. Bettors often like picking underdogs because they are usually “plus” money. The following page includes the OddsCoach.com MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets. Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds. The really important difference is that the line is linear. The +140 American odds convert to 2.40 decimal odds, 7/5 fractional odds, 1.40 for Indonesian/Hong Kong odds, and -0.7143 Malay Odds. For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. The answer varies by account, but most CDs credit interest monthly. The Odds Coach Moneyline Calculator can be used as a valuable resource on any moneyline bet. Money Counter . Cleveland -245 (Bet $100 to win $40.80) To calculate the return to the bettor, add the “To Win” number to the original amount of the wager. So we first need to convert the money line odds to decimal odds then plug them into our parlay formula. Track your bets, your winning percentage and positively manage your money. Benefit and Universal credit OK. No fees. FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. American odds of +160 would convert to 8/5 fractional odds. Use our simple, straightforward savings calculator to determine the future value of your savings and see how compound interest can have a dramatic impact. A federal mandate known as the Professional and Amateur Sports Protection Act (PASPA) was overturned in May 2018, giving US states the legal clearance to offer state-regulated sports betting. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. Betting Odds Converter & Moneyline Calculator Insert your odds below and the tool will automatically convert them to American, Decimal, and Fractional odds. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which yields 1.4), multiplied by $50 (1.4*$50=$70). : Legal US sportsbooks generally present several different ways to wager on sports. 180/100 = 1.8 NEW  – Sign up for the OddsCoach Playbook – Every Wednesday get our free online sports betting newsletter with everything you need to be a smarter, more informed bettor. Few others such as a 5.5-point favorite against the Tennessee Titans to choose which team athlete... New Jersey, Nevada, and in-game betting visualize it at 5/2 odds is money line calculator *... 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