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.

• What Does Money Line Mean In Basketball
• What Does Money Line Mean On Draftkings
• What Does Money Line Mean In Draftkings
• What Is The Moneyline Bet
• What Does Money Line Mean In Fanduel

Money line is also sometimes referred to as “American Odds.” The standard (and often implied) number is –110, meaning a successful bet of $110 would net $100 profit. A moneyline is a number larger than 100, and it is either positive or negative. A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you were to bet $100. A money line is a wager on the natural result of a game or event. In other words, the score or outcome is unadjusted. This is different from spread betting where the sportsbook adjusts the score to determine the winner. Money lines, often written moneylines or money-lines, are also called American odds due to their popularity with US bookmakers.

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).

Moneyline Conversion: Odds to Percentage Chart

Spread to Moneyline by Sport Conversion

Action: A bet of any kind.

ATS: Abbreviation for Above the Spread

Back-door Cover: This term refers to meaningless points scored late in the game by the underdog team to cover the spread.

Book: A sportsbook or a betting establishment that offers odds and accepts wagers.

Bookie: A person (or establishment) that takes bets on the outcome of sporting events.

What Does Money Line Mean In Basketball

Cover: If you beat the spread by the required number of points, you’ve ‘covered’ the spread.

Edge: This is the advantage in any wager.

Favorite: This is the team that is expected to win.

Front-door Cover: This is the opposite of Back-door cover. It is used in reference to the favored team scoring meaningless points late in the game to cover the spread.

What Does Money Line Mean On Draftkings

Futures bet: This refers to placing a bet on any future event in the season. For example, putting down a bet early in the football season for who will win a bowl game.

Handicapper: This is a person who studies and rates sporting events.

Handicapping: This is when someone tries to predict the outcome of any given game.

Home field advantage: The edge a team is supposed to have when they play on their home field. Since the home field is a familiar turf and in front of the home crowd, teams are expected to perform better than they would if they were travelling thus giving them an edge.

Hook: This is a half point added to football odds.

Line: This is the odds, points, money line, or point spread offered on football games.

Linemaker: This is someone that sets the odds, points, money lines, or point spreads for football games.

Lock: This term is used to refer to an easy win.

Longshot: This is a term used to refer to an extreme underdog.

What Does Money Line Mean In Draftkings

Moneyline: This refers to the amount of money a player must wager in order to win $100, or the amount of money a player wins if they put $100 on the underdog.

Oddsmaker: This is another term for the Linemaker. It is the person who sets the odds, moneyline, or point spread for football games.

Over/Under Bets: This refers to a bet on whether the combined total of the points scored by both teams will be more or less than a set number.

Overlay: This is a term to refer to odds that are higher than they should be. These odds favor the bettor not the house.

Parlay: This is a wager on two or more teams or outcomes where the selections must win in order for the bettor to win.

Past performance: This refers to any given team’s results in past seasons. This is particularly important when betting on NCAA football.

Player: This is a term that refers to any person that puts down a bet on any given sports event.

Point Spread: This is a number of points given to the underdog by the Linemaker in order to handicap the favorite. It can also be thought of in terms of the scoring differential between the two teams. The point spread is used to even the playing field.

What Is The Moneyline Bet

Proposition Bet or Props: This is a bet placed on a specific aspect of the game, such as who will score first or how long the longest touch down pass will be.

Soft line: This refers to a line that has been adjusted because of the result of an action. It is not the true posted line.

Underdog: This is a term that refers to the team that is expected to lose.

What Does Money Line Mean In Fanduel

Underlay: This is a term that refers to odds that lower than they should be. These odds favor the house and not the bettor.