Moneyline Converter

A Moneyline wager involves placing a bet on the winning team or player of a sporting event.

Moneyline uses American odds, which are set by sportsbooks in a way that tells you how much money you would make based on a $100 wager.

A team or player with a minus sign in front of their name is generally the favourite, unless the odds are very close. Odds with a minus sign in front of them means you need to spend that amount to make $100, for example if the odds are -150 you would need to spend $150 to win back $100. Odds with a plus sign in front of them are the inverse, where you need to spend $100 to make that amount. For example, a moneyline of +150 means a bettor would have to wager $100 to make an additional $150 profit.

Implied probability is the percentage chance of an outcome winning based on it's odds. This is important for wagering as it allows them to identify potential value. If a bettor believes that the odds of a team winning are higher than the implied probability, then it represents a good opportunity to bet.