Baseball Moneyline Calculator

Enter the amount of money you wish to bet. Our calculator will take care of the rest. You’ll see how much money you’ll win, and the total payout you’d receive. We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. Runline Calculator by Jonny Ma This calculator will help you split your wager by two parts to simulate -1 Runline bet based on ML and -1.5 if your bookie does not offer -1 Runline directly. Select your odd type.

1. Moneyline To Odds Calculator
2. Moneyline Parlay Calculator
3. Baseball Moneyline Parlay Calculator
4. Spread To Moneyline Calculator

The betting odds calculator at the top of this page allows you to quickly work out the payout you stand to earn on any wager. You can switch the bet calculator between American, fractional.

Moneyline bets present the most straightforward way to wager on a sports contest. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved.

The payout odds on the favorite and underdog can differ significantly on a moneyline bet. Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side.

The following page includes the GamingToday.com MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets.

Moneyline Calculator

Fill in the dollar amount for your bet and the American Odds (for example -110) and calculate the implied probability and the return on the moneyline.:

What Is A Moneyline Bet?

Legal US sportsbooks generally present several different ways to wager on sports. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting.

Moneyline Bets

A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. The moneyline underdog will always pay out at better odds than the favorite.

Skilled bettors look for value on moneyline bets by evaluating teams that have a better chance of winning than the implied probability of the odds might dictate.

Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds.

For example, here’s a look at a line offered by PointsBet on Game 1 of the 2020 World Series:

American Odds

PointsBet sets the Los Angeles Dodgers as the favorite in the game, with -165 moneyline odds. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet.

For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. First divide 100 by 165 (without the “-”), which yields 60.6. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30).

A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet).

To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager.

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). A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.)

Decimal Odds

Decimal odds can be used to make a simple calculation of odds multiplied by wager amount to arrive at the total amount returned to the bettor.

The -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Gaming Today moneyline calculator. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30).

What Is A Moneyline Calculator?

The Gaming Today Moneyline Calculator allows for quick calculations for any wager amount and payout odds. Using American, decimal, fractional, Hong Kong, Indonesian, or Malay Odds, you can input the odds and the amount of a wager and see the payout that would come if the bet is a win.

While it’s valuable to understand and be able to calculate favorite and underdog Moneyline odds for all of the different odds notations, the moneyline calculator can save a significant amount of time and energy.

One of the most important features of the Gaming Today Moneyline Calculator is the Implied Probability feature.

For any favorite or underdog input, the calculator produces the implied probability of that team winning. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds.

The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. To calculate the return to the bettor, add the “To Win” number to the original amount of the wager.

How To Use The Moneyline Calculator To Place A Sports Bet

Suppose you wanted to put the Gaming Today Moneyline Calculator to work to decide how you wanted to bet on Game 1 of the 2020 World Series. Here’s another look at the lines offered on that game by PointsBet:

To calculate a $50 moneyline wager on the Tampa Bay Rays, input $50 in the “Bet Amount” window and put “+140” in the “American Odds” window. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories.

The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook.

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. A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations.

The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that.

The “To Win” output yields the profit produced if the Rays win. A $50 winning bet on the Rays yields $70 in profit and a $120 total return to the bettor ($70 profit plus the $50 original bet).

Looking for other calculators to use when sports betting? Check out:

Calculating Positive And Negative Moneyline Odds

The math used in calculating the payout on a moneyline is pretty simple. It is one of the most important first steps to understanding sports betting and is crucial to success. Below is a graph of profit won on $100 bets for negative odds. Note that it is a curve that approaches, but will never get to $0. Even -1,000,000 odds still yields some profit from a win:

And here is a graph of profit for positive numbers. The really important difference is that the line is linear. as the odds increase, so does the profit. That goes on forever.

Looking at the odds offered by the sportsbook, note whether they are negative odds (for example -110) or positive odds (for example +120). The calculation changes based on if it is a positive or negative odd. Below we work through an example of a bet of $100 at -110 moneyline odds. It is important to notice that multiplying by -1 is required to give us the positive payout:

PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100)

So that looks like:

$90.91 = $100 / (-1 * -110/100)

That also means that you will be returned that amount AND your original bet, meaning you now have $190.91. Let’s work another negative example of a $100 bet at -150:

$100 / (-1 * -150 / 100) = $66.67

Now let’s work through a positive money example. Let’s say you bet $100 at +120

PAYOUT = BET AMOUNT * ODDS / 100

That looks like:

$120 = $100 * 120 / 100

In that case, you are returned your original bet plus profit, so you now have $220.

What Is Line Movement?

Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet. The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook.

In the World Series Game 1 example from above, if 90% of bets come in on the Dodgers, the sportsbook stands to lose big money if Los Angeles wins. A Tampa Bay win in that situation is even more disastrous for the sportsbook.

If the bets coming in on a game are too one-sided, the line on the game will start to move to try to prompt more bets for the other side. It’s important to remember that sports betting isn’t a zero-sum game, and you’ll be losing in the long run even if you win 50% of the time.

Legal Online Sports Betting In The US

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. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others.

The top online sport betting brands in the US include the following:

DraftKings Sportsbook

One of the biggest brands to emerge in the booming online sports betting industry, DraftKings Sportsbook offers mobile sports wagering in eight states. The sportsbook offers every imaginable kind of wager across multiple sports.

That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. A tool like the Moneyline Calculator can be an indispensable tool to use for evaluating the odds and implied win probabilities at DraftKings Sportsbook.

FanDuel Sportsbook

Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US.

FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets.

FOX Bet

A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado.

The moneyline odds at FOX Bet can vary greatly versus some of its competitors, and bettors using a moneyline calculator tool gain a significant edge versus players that don’t.

Moneyline Calculator FAQs

Yes. More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending.

New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others.

The Gaming Today Moneyline Calculator can be used as a valuable resource on any moneyline bet. It’s especially useful for evaluating the implied probability of winning and payout odds.

The moneyline bet calculator’s ability to display odds across multiple notation formats (American, Decimal, Fractional, Indonesian/Hong Kong, and Malay odds) allows bettors to compare lines across sportsbooks that use different notations.

Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit.

Yes. Nothing in the terms and conditions of any US legal online sportsbooks prohibits the use of a moneyline calculator.

The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner.

For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. To convert +160 into fractional odds, for example, divide 160 by 100 (160/100) and reduce that fraction to the lowest whole number denominator. American odds of +160 would convert to 8/5 fractional odds.

For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. For -160 odds, for example, the calculation looks like 100/160, which reduces to 5/8 fractional odds.

To convert “+” American odds to implied winning probability, the formula looks like this:

100 / (“+” American odds + 100)*100 = implied probability

For example, +160 odds would be calculated as 100/(160+100)*100. This converts to 100/260*100, which ends up yielding a 38.46% implied probability.

To convert “-” odds, the formula looks like this:

“-” odds / (“-” odds + 100)*100 = implied probability

For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. The implied probability of -160 odds is a 61.54% chance of winning.

Several online sportsbooks offer comprehensive coverage of sports and ways to bet. Some of the best choices for online sports betting in the US include DraftKings Sportsbook, FanDuel Sportsbook, PointsBet, FOX Bet, and BetMGM.

Thinking about betting a baseball parlay, but don’t know if it’s a smart play? Here is a look at how baseball parlays work and the returns you will receive if you win your bet.

For starters, baseball parlays are a little different than other parlays. For instance, in basketball and football there are fixed payouts for the number of plays you make. The reason for that is in those sports, the majority of the betting is done on the spread, where the same odds can be found on the favorite and the underdog. In baseball, the majority of the bets come in on the money line, where the favorite could be listed at -200 and the underdog at +175. If there were fixed payouts in baseball, everyone would simply load up on all the big favorites and win at a pretty high rate.

Instead of fixed payouts, your money is built progressively through each bet. For example, say you had a $50 three team parlay on the Yankees -150, Dodgers +115, and Braves -135. The initial $50 dollars would be bet on the Yankees -150, if that wins then you would be up t0 $83.33. That $83.33 would then be bet on the Dodgers +115, if that wins you would be up to $179.16. As you might have guessed, the $179.16 would then be placed on Braves -135, if that wins you end up winning your parlay and walking away with $311.87. Not a bad $261.87 profit ($311.87 -$50) on your $50 bet. It doesn’t matter what order you calculate the odds, as long as all three cash the winnings will be the same. However, if any of the three bets happens to lose, you lose your $50 and walk away with nothing.

The next thing I want to explain is how to calculate the returns so you know how much money you are looking at winning with your parlay bet. This can be a little tricky at first, but I will include an example later that should make it easier to understand.

How to Calculate Your Return on Favorites

The first thing you want to do is take 100 and divide it by the money line value. For example, if the money line was -150, you would take 100/150 and get .666667. The .666667 is the amount of money you receive for every $1 you bet. There are two ways you can go about figuring out how much you will walk away with.

1) Take the .66667 (profit/$1) times the amount you bet and add that to your initial bet. Again, let’s say you bet $50. You would take the .666667 (profit/$1) x $50 (initial bet) and get $33.33 (winnings). Simply add the $33.33 (winnings) to your initial bet ($50) and you get $83.33 (money received after winning bet).

2) Take the .66667 (profit/$1) and add 1 to it. By adding 1 you no longer have to add your initial bet in the end. So for a $50 bet you would take 1.666667 x 50 (initial bet) and get $83.33 (money received after winning bet).

How to Calculate Your Return on Underdogs

With underdogs, it’s just the opposite of the first step. This time you take the money line value and divide it by 100. So, for an underdog listed at +150, you would take 150/100 to get 1.50. The 1.50 is the return you would get on each $1 you bet. The way to figure out how much you will walk away with is the same as with favorites. To make things easy we will again use $50 as our sample bet.

1) 1.5 (profit/$1) x $50 (initial bet) = $75 (winnings). Then take your $75 (winnings) + $50 (initial bet) to get $125 (money received after winning bet).

2). Take 1.5 (profit/$1) + 1 = 2.50. Then take 2.50 x $50 (initial bet) = $125 (money received after winning bet).

Quick 2-Team Parlay Example

Parlay: Rockies -140 and Cubs +125 (We are going to use the Rockies play first then the Cubs, but remember you can do it in either order)

Bet: $50

Step 1) Figure out your return/$1 on the Rockies -140

Moneyline To Odds Calculator

• 100/140 = .71 (return/$1)

Step 2) Figure out your winnings on $50 bet

• .71 x 50 = $35.71

Step 3) Figure out your total money with initial bet

• $35.71 + $50 = $85.71 (Note this now becomes your initial bet for the Cubs +125)

Step 4) Figure out your return/$1 on Cubs +125

Moneyline Parlay Calculator

• 125/100 = 1.25 (return/$1)

Step 5) Figure out your winnings on your $85.71 bet

• 1.25 x $85.71 = $107.14

Baseball Moneyline Parlay Calculator

Step 6) Figure out total money won for parlay

Spread To Moneyline Calculator

• $107.14 + 85.71 = $192.85 (amount received if parlay wins)