Vegas Money Line Calculator
Most gamblers don’t care how a Parlay Calculator works.
Moneyline odds are based on a $100 wager, with the favorites getting a negative number (-) and the underdogs getting a positive number (+). A favorite at -140 moneyline odds means a $140 winning wager wins you $100 in profit. An underdog at +140 moneyline.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10. 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10. 2) / 5, which is $4. What is Implied Probability? The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100 wager would pay $136 in profit if the Buccaneers won the game (for a total payout of $236).
Las Vegas Money Lines
But not you.
You are better than most!
On this page you’ll learn how a parlay calculator works and different strategies for improving your gambling skills. Here's the plan:
- How is a parlay calculated.
- Why should I care?
- What is a Parlay Bet?
- Parlay Odds Table.
- Getting Started with Parlay Tips
Vegas Money Line
How is a Parlay Calculated?
Lets start with the math.
Vegas Money Percentages
The parlay formula is straight forward. You multiply the wager amount along with the decimal odds for each team/fighter then subtract the wager amount.
UFC Parlay Calculation Formula
- Edson Barboza at 1.60
- Israel Adesanya at 2.90
- Max Holloway at 1.40
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
For all of us in the US, it’s a bit more complicated because we don’t see decimal odds very often. So we first need to convert the money line odds to decimal odds then plug them into our parlay formula.
The money line-to-decimal formula is straightforward:
- Favorites - A negative value (-250) money line divide 100 by the number. 100/250 = .4
- Underdogs - A positive value (+180) money line divide the number by 100. 180/100 = 1.8
- Add 1 to the value for both favorites and underdogs.
- Plug these numbers into the parlay formula mentioned above.
Money Line Parlay Calculation Example
- Edson Barboza -165
- Israel Adesanya +190
- Max Holloway at -255
Steps 1 & 2.
- Edson Barboza 100/165 = .60
- Israel Adesanya +190/100 = 1.90
- Max Holloway at -100/255 = .40
Step 3 - Don't forget to add the 1.
- 1.6
- 2.9
- 1.4
Step 4 - Plug the numbers into the parlay calculator formula.
($100 * 1.6 * 2.9 * 1.4) - $100 = $550
Las Vegas Money Line Calculator
Why Should I Care How the Parlay Calculator Works?
You should compare the results from this formula to what your sports book is paying to verify you’re getting the proper value on your wagers. If not, consider moving your business elsewhere.
An educated gambler is always a better gambler and with a thorough understanding of basic parlay principles you’ll soon spot profitable opportunities while recognizing common money pits.