Online Betting / Moneyline Calculator

Moneyline Calculator: Easily Calculate Your Moneyline Bets

James Leeland
Editor
Fact checked by: Jim Knight
Last Updated on 15.05.2024

Ever wondered how much your moneyline bet could return if it won? Forget doing the mental maths and instead generate potential returns, implied probability and more instantly with our free-to-use moneyline betting calculator.

This guide will help you understand the ins and outs of betting on moneyline odds and how to use this calculator to its absolute fullest. So dive on in to find the answers to all your questions, top tips, and the best sports to make moneyline wagers. It’s all here and more in our expert moneyline betting and calculator guide.

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Set up Your Money Line Bets with the Aid of our moneyline Calculator

Moneyline calculator

Odds Type


What is a Moneyline Calculator?

Our moneyline odds calculator generates several key bits of information that you’ll want when deciding whether or not to make or adjust your moneyline bet. All you need to do is to input how much you want to wager and the odds you want to bet on. Once you do that, our calculator will generate:

  • Odds in different formats
  • The implied probability
  • How much you’ll get if your bet wins

Purpose of a Moneyline Calculator

The results that you get when you use our free moneyline bet calculator can help you save time and effort on several fronts.

  • It saves you time and effort calculating multiple formulas
  • Let’s you quickly convert the odds across various formats
  • Let’s you see potential returns (winnings on top of stake)
  • Let’s you better understand the implied probability behind the odds

All this combined means one thing – you can understand your moneyline bet better. In some cases, you’ll be ready to make the bet. In others, you may decide to adjust how much the stake is or even what team/outcome you want to wager on.

Moneyline Bets – A Simple Review

A moneyline bet is a match result bet. It means you bet on one team to win (or on a draw) in either a game, tournament or even season. For example, you can bet on the football team Manchester United winning a standard game in the season, the Premier League, The FA Cup, or even the FIFA Club World Cup. What isn’t considered a moneyline bet, however, are bets like:

  • Combination bets, even if they include a moneyline wager (this is known as an accumulator or parlay)
  • Betting on how many points a team will win by (this is known as over/unders)

Technically, a moneyline bet can be used in other types of betting strategies. For example, you hedge your bets by placing a moneyline wager on both sides to win to minimise losses. The good news is that if you find our moneyline calculator too limiting for the way that you want to bet, we have an online betting calculator for every other bet approach and strategy, too, giving you a full range of options.

An Easy Moneyline Betting Example

Ready to see a moneyline bet in action? Let’s start with the Bayern Munich vs Arsenal UEFA Champions League match. In this matchup, say you want to bet on Bayern Munich to win. On Bet365, the odds are 2.50. With those odds and a bet budget of $10, we can then use the moneyline betting calculator.

Just by inputting those two figures, you get the odds converted into American Odds, Fractional Odds, Hong Kong Odds, Indonesian Odds, and Malay Odds, which is useful if you are more familiar with another format that’s not decimal.

You also get the implied probability, which is how likely the sportsbook thinks that the bet will win. This number is calculated from the odds you gave and helps you understand better how confident your bookmaker is in that bet winning. In this case, the implied probability is 40%. You know from the close matchup of odds that sportsbooks see Bayern Munich and Arsenal as evenly matched.

Finally, you get how much you’d win on top of our stake if you were to win our bet, which is $15. You can then use all that information to decide if you want to make that bet or adjust it.

Betting on the moneyline is very easy, making it an excellent choice for beginner bettors. If you don’t want to spend a lot of time going in and working out a very specific approach towards your bet and are happy instead to simply take the risk (make sure you have the budget to lose your bet outright if this is the case), then moneyline betting can be for you.

It’s also the most widely available bet type, meaning you can make a moneyline bet on absolutely anything – and still use this moneyline betting calculator to help you better understand it.

Best Sports for Your Next Moneyline Bets

As stated, every sport or event out there has a Moneyline bet. You can even bet on who will be president next, and yes, that will be a moneyline bet. Think of them as outright bets. Since they’re so widespread, you can easily bet on:

Two-Way Sports

Two-way sports or events are the ones that have a winner and a loser without the possibility of a draw. They are the easiest moneyline bets since there are only two odds. Tennis falls under this category. Since there are only two outcomes, a moneyline bet here is easier to understand and a good fit for newcomers to the betting world. Tournaments and matches where one team must win are also examples of two-way sports outcomes.

Three-Way Sports

Most moneyline bets are going to be on a three-way outcome (a 1×2 bet: home win-draw-away win). So you can bet on either team to win or for the match to end in a draw. Three-way moneyline bets will be your go-to option for most of the season, and with our calculator you’ll be able to see how those two other results impact your bet’s implied probability and potential payout.

Multi-Place Sports

You can place a moneyline bet on a multi-place sport like horse racing, though the chances of winning in a multi-place race are far less likely. Still, you can bet on a single racer to win the race. This can be a horse, a dog, a car, a runner or anything else. Just be aware that the odds will be longer and the implied probability of winning will be lower.

Here’s Our Free Moneyline Bet Calculator

Our moneyline calculator is a breeze to use. By entering in basic details on your bet, you’ll get a bunch of information, including the odds in different formats, the implied probability, and how much you’d get if your bet does win instantly.

All you need to do is input two numbers to get started: the odds of your moneyline bet in your preferred format and your bet amount. Try out our free calculator for yourself today and see how easy it is!

Moneyline calculator

Odds Type


Top Three Main Reasons to Start Using Our Moneyline Betting Calculator

There are many great reasons to use a calculator, even if you feel like calculating the moneyline result is something that’s easy for you. That’s why we’ve put together our top three reasons to use our moneyline bet calculator:

Reason 1: See How Much Your Bet Could Win Instantly

The number one reason bettors like to use our moneyline calculator is to figure out how much they could get if their bet wins. This is easy to do with odds like 1.20 but gets harder when you’re working with less straightforward odds or stakes. If you don’t know what a $7 bet on +250 odds could win you, use our calculator to get the instant answer without the maths.

Reason 2: Instantly Understand How Likely Your Bet is to Win

Implied probability can help you understand how likely the sportsbook thinks your bet will win. This is based on very complex algorithms that they’ve used to generate their odds. Our moneyline percentage calculator generates that implied probability so you can decide then and there if you feel comfortable making the bet or not based on that percentage.

Reason 3: Have the Odds in All Formats in a Snap

Want to find the best odds for a moneyline bet but don’t want to log in or sign up everywhere? Our calculator saves you time by automatically letting you input the odds you see without changing preferences. It also makes it easier for you to understand the odds by converting them into a format you know better.

Best Bookmakers with Great Moneyline Betting Offers

The good news is that since moneyline betting is the most basic type of bet, it’s accepted everywhere. That means the only factor you need to consider is if you’re betting on the best betting site for you. To help you find that go-to bookmaker, check out our top five recommendations:

1.
Bet365
  • Bonus: First Bet Safety Net up to $1000 OR Bet $5 and Get $150
  • VIP Club, Loyalty Program
  • Cash Out, Partial Cash Out
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At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
BetMGM
  • Bonus: Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
  • VIP Club, Loyalty Program
  • Cash Out, Live Streams
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T&Cs apply, 21+
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3.
DraftKings
  • Bonus: 20% up to $1000
  • VIP Club
  • Cash Out
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PayPal
VIP Preferred
Play+
Discover
+6
4.
BetRivers.com
  • Bonus: Second chance bet: Get up to $500 in Bonus Bets
  • VIP Club
  • Cash Out, Live Streams
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T&Cs apply, 21+
PayNearMe
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VIP Preferred
PayPal
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5.
FanDuel
  • Bonus: Bet $5 Get $150 in Bonus Bets if your bet wins
  • VIP Club
  • Cash Out, Live Streams
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T&Cs apply, 21+
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Our Top Tips to Get the Most Out of Our Moneyline Betting Calculator

Want to know the secrets to get the most out of our calculator? Though it may seem straightforward, you may not immediately know how to take that information and put it towards your bet decisions. To help, we’ve put together some top tips:

Make Sure You Input the Odds in the Right Box

You can quickly calculate the moneyline result with any odds format, but if you put the odds you have in the wrong box, you will get incorrect results. For example, if you put American odds in the decimal box, you’ll get wildly inaccurate figures, so make sure the odds are in the right box.

Remember Implied Probability is Not a Guarantee

Implied probability is simply how the sportsbook believes a game will go based on their information. Actual game conditions, morale, upsets and so on change the game. Even if a team has an implied probability of 90% (this is very unlikely in the first place), the underdog can still win.

Remember The ‘To Win’ Result Is Your Winnings On Top of Your Stake

The amount you see in the “To Win” box may end up being lower than your stake because it is the winnings you may get on top of the stake. In other words, it is a winning bet’s “profit”.

Other Great Betting Calculators Available on This Site

We offer multiple calculators, from spread to our moneyline calculator and everything in between. You can use our odds calculator to get the implied probability of a bet or convert odds, our spread betting calculator to help you determine how much stake to put on a point spread, or our hedge betting calculator to help you determine the best stake amount to place on your hedged bet. You can even combine them! Whatever specific bet strategy calculator you’re looking for, have a look at our other offerings:

Get Started Using Our Moneyline Odds Calculator Today

Whether you’re new to moneyline bets or not, it’s a popular type of bet that you are bound to place at some point in your sports betting experience. Now that you know more about moneyline betting and how to use our calculator, all that’s left is to try it out for yourself. This easy-to-use moneyline calculator will make moneyline betting ideal for those looking to understand the odds and make quick calculations on the chance of your bet winning and potential profit you’d make. Just remember to put the figures in the right boxes so that you get accurate results!

Try Out These Bonuses with Our Moneyline Odds Calculator

Some of the top betting bonuses online that we’ve reviewed are for accumulators, but that doesn’t mean there aren’t some bonuses out there that you can use on a moneyline bet. They do tend to be less common, however, so check out our top five recommended options:

1.
Bet365
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Play Now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
BetMGM
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
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T&Cs apply, 21+
PayNearMe
Skrill
PayPal
Bank Transfer
+9
3.
DraftKings
20% up to $1000
Play Now
T&Cs apply, 21+
PayPal
VIP Preferred
Play+
Discover
+6
4.
BetRivers.com
Second chance bet: Get up to $500 in Bonus Bets
Play Now
T&Cs apply, 21+
PayNearMe
Bank Transfer
VIP Preferred
PayPal
+7
5.
FanDuel
Bet $5 Get $150 in Bonus Bets if your bet wins
Play Now
T&Cs apply, 21+
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+8

Moneyline Betting Calculator FAQs

👀 How does this calculator get the implied probability from just one set of odds?

While it may seem like you’d need all two or three outcome odds to calculate the implied probability, this isn’t true. All you need is the odds. With fractional format, for example, you just need to use this formula: Implied Probability = Denominator / (Numerator + Denominator) x 100.

📱Why does this calculator generate all the different odds formats?

We generate the odds in every available format for your convenience. You may understand one format better or need the odds in a certain format when you use another calculator.

🤔 Is it still Moneyline betting if I bet on both teams to win?

While you are making two moneyline bets, in that case, you are technically hedge betting. This is a valid strategy, but since many sportsbooks don’t allow it, you’ll probably have to place these wagers on different sportsbooks.

💸 I won the bet I calculated, why is the amount I won different than what the calculated told me?

Our calculator generates the potential profits of a bet, not the whole amount you get back. This means that the amount you see in our calculator’s “To Win” section is the winnings on top of your stake. If you add that number to your original stake, you’ll get how much was deposited into your account.

🙋Can I use this calculator with any odds format?

Yes, you can immediately add the odds you see into our calculator and get the same results. There’s no need to convert the odds first.