In sports betting, knowing who will win is only half the battle. You also need to know exactly how much you will get paid.
American Moneyline odds (like -110 or +240) can be confusing. Unlike Decimal odds, they don’t simply multiply your stake. Our Moneyline Payout Calculator solves this instantly. It converts any odds format into clear financial numbers, showing you your Total Payout, your Net Profit, and the Implied Probability (the percentage chance the bookmaker assigns to the outcome).
Moneyline Calculator
PayoutHow to Use the Calculator
This micro-tool is designed for speed. Whether you are checking a live betting line or planning a wager, here is how to get your numbers:
- Select Odds Format:
- American (-110): The standard format for US sportsbooks (DraftKings, FanDuel, BetMGM).
- Decimal (1.91): The standard format for Europe, Canada, and Australia.
- Enter Your Stake: Input the amount you plan to risk (e.g., $50).
- Enter the Odds:
- For Favorites (Negative), enter the number with a minus sign (e.g., -150).
- For Underdogs (Positive), enter the number (e.g., +200). You can type the “+” or just the number.
- Review the Results: The tool instantly calculates your Net Profit (what you take home) and Implied Probability (how often you need to win to break even).
Real-World Examples: Positive vs. Negative Odds
Understanding the math behind the plus (+) and minus (-) signs is crucial for managing your bankroll.
Example 1: Betting the Favorite (Negative Odds)
The Line: Kansas City Chiefs -150.
- What it means: The minus sign indicates the favorite. You must risk more to win less.
- The Math: -150 means you must bet $150 to make $100 in profit.
- Calculator Result: If you bet $50, your Profit is $33.33. The implied probability of winning is 60%.
Example 2: Betting the Underdog (Positive Odds)
The Line: Detroit Lions +200.
- What it means: The plus sign indicates the underdog. You risk less to win more.
- The Math: +200 means if you bet $100, you make $200 in profit.
- Calculator Result: If you bet $50, your Profit is $100.00. The implied probability of winning is only 33.3%.
Frequently Asked Questions (FAQ)
What is “Implied Probability”?
Implied probability is the conversion of betting odds into a percentage. It represents the likelihood of an outcome occurring according to the bookmaker’s price. If your personal analysis suggests the team has a higher chance of winning than the implied probability, you have found a “Value Bet.”
Why is my payout different from my profit?
Total Payout includes your original bet amount returned to you. Net Profit is strictly the money you won. For example, if you bet $100 and win $90, your Payout is $190, but your Profit is $90.
How do I convert American odds to Decimal?
If the American odds are positive (e.g., +200), divide by 100 and add 1 (200/100 + 1 = 3.00). If the odds are negative (e.g., -110), divide 100 by the positive value and add 1 (100/110 + 1 = 1.91). Or, simply use the toggle on this calculator to do it automatically.