Betting Odds In Percentages
Have you ever wondered what the chances of a team winning was based off of the money line for the game? That’s a key part of understanding money line bets. First, we have a simple calculator that you can use to plug in any moneyline (American style odds) and quickly get the fair market probability that it implies. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare.
Remember that when you are converting odds to percentages then there is always a bookmaker percentage worked into the deal. What we mean by that as if you were to calculate odds to percentages. If you are betting on a horse that is the 5th choice or higher you are only going to win about 18% of the time. A horse could be the 5th choice and have odds of 7:1 or it could be the 5th choice and have odds of 12:1 or more. So, when you consider the general percentage chance that you have of beating the public opinion make sure you are going. Fractional odds conversion to percentage Fractional odds are generally the most traditional form of expressing betting odds. They are a simple reflection of the return you will receive for a particular. Convert stated odds to a decimal value of probability and a percentage value of winning and losing. This calculator will convert 'odds for winning' an event or 'odds against winning' an event into percentage chances of both winning and losing. Be careful if you are using sports teams odds or betting odds.
Money Line Calculator (Implied Probability)
The following chart shows how likely a team is to win based off the odds. This is helpful in handicapping because you can see just what percentage of your wagers you need to win at each given money line in order to profit.
The left chart is to be used for favorites, the right for underdogs.
Win % – Percentage of wins required to show a profit at a given money line.
For example, you would need to win 80% of all of your bets just to break even if you only bet on -400 money line favorites (over 80% to turn a profit).
Odds Percentage Chart
Moneyline Conversion: Odds to Percentage Chart
Betting Money Percentages
Favorites | |
Money Line | Money Line |
-400 | +400 |
-395 | +395 |
-390 | +390 |
-385 | +385 |
-380 | +380 |
-375 | +375 |
-370 | +370 |
-365 | +365 |
-360 | +360 |
-355 | +355 |
-350 | +350 |
-345 | +345 |
-340 | +340 |
-335 | +335 |
-330 | +330 |
-325 | +325 |
-320 | +320 |
-315 | +315 |
-310 | +310 |
-305 | +305 |
-300 | +300 |
-295 | +295 |
-290 | +290 |
-285 | +285 |
-280 | +280 |
-275 | +275 |
-270 | +270 |
-265 | +265 |
-260 | +260 |
-255 | +255 |
-250 | +250 |
-245 | +245 |
-240 | +240 |
-235 | +235 |
-230 | +230 |
-225 | +225 |
-220 | +220 |
-215 | +215 |
-210 | +210 |
-205 | +205 |
-200 | +200 |
-195 | +195 |
-190 | +190 |
-185 | +185 |
-180 | +180 |
-175 | +175 |
-170 | +170 |
-165 | +165 |
-160 | +160 |
-155 | +155 |
-150 | +150 |
-145 | +145 |
-140 | +140 |
-135 | +135 |
-130 | +130 |
-125 | +125 |
-120 | +120 |
-115 | +115 |
-110 | +110 |
-105 | +105 |
-100 | +100 |