Moneyline Calculator on Odds Coach
The moneyline calculator will help you determine the return on a winning variable odds or a moneyline bet. To better understand moneyline odds here is a great video and article. To use the moneyline calculator simply 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.(don’t see the moneyline calculator? Click here: Moneyine Calculator):
How the Moneyline Calculator works:
The math used in calculating the payout on a moneyline is pretty simple. It is one of the most important first steps to really understanding sports betting and is crucial to success. Below is a graph of profit won on $100 bets for negative odds. Note that is is a curve that approaches, but will never get to $0. Even -1,000,000 odds still yields some profit from a win:
Chart of profit on winning negative odds bets.
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.
Chart of profit on winning positive odds bets. Notice that this is a perfectly straight line increasing steadily 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. Lets work another negative example of $100 bet at -150:
$100 / (-1 * -150 / 100) = $66.67
Now lets 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.
For quick reference, here is a chart of odds and payouts on $100 bets.
| Negative Odds | To Win | Positive Odds | To Win |
| -100 | $100.00 | +100 | $100.00 |
| -101 | $99.01 | +101 | $101.00 |
| -102 | $98.04 | +102 | $102.00 |
| -103 | $97.09 | +103 | $103.00 |
| -104 | $96.15 | +104 | $104.00 |
| -105 | $95.24 | +105 | $105.00 |
| -106 | $94.34 | +106 | $106.00 |
| -107 | $93.46 | +107 | $107.00 |
| -108 | $92.59 | +108 | $108.00 |
| -109 | $91.74 | +109 | $109.00 |
| -110 | $90.91 | +110 | $110.00 |
| -111 | $90.09 | +111 | $111.00 |
| -112 | $89.29 | +112 | $112.00 |
| -113 | $88.50 | +113 | $113.00 |
| -114 | $87.72 | +114 | $114.00 |
| -115 | $86.96 | +115 | $115.00 |
| -116 | $86.21 | +116 | $116.00 |
| -117 | $85.47 | +117 | $117.00 |
| -118 | $84.75 | +118 | $118.00 |
| -119 | $84.03 | +119 | $119.00 |
| -120 | $83.33 | +120 | $120.00 |
| -125 | $80.00 | +125 | $125.00 |
| -130 | $76.92 | +130 | $130.00 |
| -135 | $74.07 | +135 | $135.00 |
| -140 | $71.43 | +140 | $140.00 |
| -145 | $68.97 | +145 | $145.00 |
| -150 | $66.67 | +150 | $150.00 |
| -155 | $64.52 | +155 | $155.00 |
| -160 | $62.50 | +160 | $160.00 |
| -165 | $60.61 | +165 | $165.00 |
| -170 | $58.82 | +170 | $170.00 |
| -175 | $57.14 | +175 | $175.00 |
| -180 | $55.56 | +180 | $180.00 |
| -185 | $54.05 | +185 | $185.00 |
| -190 | $52.63 | +190 | $190.00 |
| -195 | $51.28 | +195 | $195.00 |
| -200 | $50.00 | +200 | $200.00 |
| -220 | $45.45 | +220 | $220.00 |
| -240 | $41.67 | +240 | $240.00 |
| -260 | $38.46 | +260 | $260.00 |
| -280 | $35.71 | +280 | $280.00 |
| -300 | $33.33 | +300 | $300.00 |
| -350 | $28.57 | +350 | $350.00 |
| -400 | $25.00 | +400 | $400.00 |
| -450 | $22.22 | +450 | $450.00 |
| -500 | $20.00 | +500 | $500.00 |
| -600 | $16.67 | +600 | $600.00 |
| -700 | $14.29 | +700 | $700.00 |
| -800 | $12.50 | +800 | $800.00 |
| -900 | $11.11 | +900 | $900.00 |
| -1000 | $10.00 | +1000 | $1,000.00 |
| -1200 | $8.33 | +1200 | $1,200.00 |
| -1400 | $7.14 | +1400 | $1,400.00 |
| -1600 | $6.25 | +1600 | $1,600.00 |
