Money Line Payout Calculator
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Reviewed by Calculator Editorial Team
This Money Line Payout Calculator helps you determine your potential winnings from a money line bet in sports betting. Money line betting is a simple way to bet on the outcome of a game, with odds represented as a positive or negative number.
What is a Money Line?
A money line is a type of sports bet where you bet on which team will win the game. The odds are represented as a positive or negative number, indicating how much you can win per $100 bet.
For example, if you see +150 for Team A, it means you win $150 for every $100 you bet. If you see -170 for Team B, it means you need to bet $170 to win $100.
Money line bets are straightforward and don't involve point spreads or totals. They're popular because they're simple to understand and don't require you to predict by how much a team will win.
How to Use This Calculator
- Enter your bet amount in the "Bet Amount" field.
- Enter the money line odds in the "Money Line Odds" field. Use positive numbers for favorites and negative numbers for underdogs.
- Click the "Calculate" button to see your potential payout.
- Review the result and use the "Reset" button to start over if needed.
Payout = (Bet Amount / |Money Line Odds|) × 100
How Money Line Betting Works
Money line betting is one of the simplest forms of sports betting. Here's how it works:
Positive Money Line (Favorites)
When a team is listed with a positive money line, it means they are the favorite to win. For example, +150 means you win $150 for every $100 you bet.
Negative Money Line (Underdogs)
When a team is listed with a negative money line, it means they are the underdog. For example, -170 means you need to bet $170 to win $100.
Calculating Potential Winnings
The calculator uses this formula to determine your potential payout:
Payout = (Bet Amount / |Money Line Odds|) × 100
For example, if you bet $100 on a team with +150 odds, your payout would be $150. If you bet $170 on a team with -170 odds, your payout would be $100.
Example Calculations
Let's look at a couple of examples to see how the money line payout calculator works.
Example 1: Favorite Team (+150)
You bet $100 on the favorite team with +150 odds.
Calculation: ($100 / 150) × 100 = $66.67
Your potential payout would be $66.67.
Example 2: Underdog Team (-170)
You bet $170 on the underdog team with -170 odds.
Calculation: ($170 / 170) × 100 = $100
Your potential payout would be $100.
Remember, these are potential payouts if the team you bet on wins. If they lose, you lose your bet amount.
Frequently Asked Questions
What is the difference between a money line and a point spread?
A money line bet is simply a bet on which team will win the game. A point spread bet involves predicting by how many points a team will win or lose.
How do I know if a team is a favorite or an underdog?
Teams with positive money lines are favorites, while teams with negative money lines are underdogs. Favorites are expected to win, while underdogs are expected to lose.
What happens if the game ends in a tie?
In most sports, if the game ends in a tie, all bets on that game are typically pushed (refunded).
Can I use this calculator for other sports besides football?
Yes, this calculator can be used for any sport where money line betting is available, including basketball, baseball, hockey, and more.