Calculating Las Vegas’ (-115) moneyline odds yields a 53.49% implied winning probability for the Raiders. So, if the Jaguars were +105 odds instead of -105, for instance, just type “105” into the “American Odds” field in the calculator.Īfter inputting “105” and clicking “Calculate” we see that Jacksonville’s implied winning probability would be 48.78% if their odds were +105.įor “-“ moneyline odds, be sure to include the “-“ sign in front of the inputted number. Simply input the moneyline odds on either side of a bet, and the Gaming Today Implied Probability Calculator gives you an instant calculation of that team’s implied probability.įor “+” moneyline odds, simply input the number without the “+” sign.
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Our implied probability calculator works the same way. Other sports betting odds calculators include tools that allow you to calculate moneyline odds or the house edge by inputting the sportsbook’s offered moneyline odds. You can plug in and moneyline odds into the Gaming Today Implied Probability Calculator (at the top of this page) and convert those odds into implied probability. What Is An Implied Probability Calculator? If you think the Jaguars have better than a 51.22% chance of winning, for instance, the Jaguars (-105) line presents value. Jacksonville’s (-105) odds convert to a 51.22% chance of winning.Īstute bettors look for value in moneyline bets, and that assessment requires converting the odds into implied probability. In this case, the (-115) moneyline on the Raiders implies that Las Vegas has a 53.49% chance of winning. You can convert the moneyline odds into an implied chance of winning for each team using an implied probability calculator Moneyline bets don’t involve any kind of point spread, however, and only concerns the straight-up winner of the game. Note that the point spread and totals columns for the Hall of Fame game 2022 also display an American Odds payout. The sportsbook puts favored Las Vegas at (-115) on the moneyline.
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The “+” indicates the underdog on the moneyline, while the “-“ denotes the favorite.ĭraftKings has the Jaguars as the Hall of Fame Game underdog, with Jacksonville paying out at (-105) moneyline odds. US sportsbooks generally display American odds, with potential payouts denoted by the “+” or “-“ in front of the odds. Here’s a look at how DraftKings Sportsbook presented the lines on Super Bowl LV a few days before the game: DraftKings Sportsbook Hall of Fame Game 2022 Lines
![no juice moneyline no juice moneyline](https://i.redd.it/0r1t20qmygr61.jpg)
Sportsbooks generally display the moneyline, point spread, and totals odds on a game, but all three function as separate bets. The underdog on the moneyline pays out at greater odds than the favorite. This kind of bet doesn’t involve a point spread.
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Confident in Your Pick? Claim Your $50 Free Bet & $1,000 Bonus at DraftKings What Is A Moneyline Bet?Ī moneyline bet functions as a straight-up wager on which team will win a game.