1. Formula To Convert Point Spread To Moneyline Score
2. Moneyline Conversion Chart
3. Formula To Convert Point Spread To Moneyline Excel
4. Point Spread Nfl

Converting Decimal Odds To Moneyline. The method required to convert the decimal format over to the moneyline format is dependent on whether the odds are greater than 2.0 or not. We’ll look at how to convert odds of 2.0 or less first. To start with, you have to carry out the following calculation. Converting negative odds: You divide 100 by the odds and add 1. Examples: Odds of -118 conversion (100/118) +1 = 1.85 Odds of -200 conversion (100/200) +1 = 1.50. How to convert Decimal Odds to American Odds. When converting decimal odds to American odds there are two different formulas depending on whether you are converting odds of 2.00. Feb 03, 2021 I’d rather bet on Mahomes (-120) or Brady (+200) to win Super Bowl MVP than bet either moneyline. Particularly in a matchup featuring a rather absurd 56-point game total, expect one of these all-time greats to be giving a speech shortly after the game concludes.

Calculating Payouts From Moneyline Odds. In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. Thus, moneyline odds are also commonly referred to as American odds. They can be either a positive number or a negative number. Moneyline bets present the most straightforward way to wager on a sports contest. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved.

This summer I read a book that is essential reading for any sports bettor, beginner, or expert. The book is called Weighing the Odds in Sports Bettingby King Yao. In this book Yao explains how to think about and beat sports betting. He draws from his successful career in financial derivative markets and examines sports betting in that vein. Chapters on general sports betting include information on the sports-betting market, different ways to beat sports betting, scalping, middling, hedging, tips for bettors and handicappers, how to evaluate other handicappers and an enlightening interview with a Las Vegas professional bettor.

In Chapter 1, Yao shows the reader How to convert a money line into a percentage.

Formula To Convert Point Spread To Moneyline Score

Convert a money line into its equivalent win percentage by dividing the amount you risk by the amount your ticket will be worth if your bet wins. The ticket amount is your win plus the amount you bet.

If the money line is negative, then take the money line and divide it by itself minus 100. For example, a money line of -129 converts to 56.3%:

=-129 / (-129 -100)

=-129 / -229

=56.3%

If the money line is positive, then take 100 and divide ti by the money line plus 100. For example, a money line of +109 is converted to 47.8%

=100 / (109+100)

=100 / 209

Moneyline Conversion Chart

=47.8%

Converting percentage into a money line

If the percentage is greater than 50%, then divide it by 100% minus itself, and multiply by -100. For example, 55% is conveted to -122

= PERC / (100% – PERC) x (-100)

= 55% / (100% – 55%) x (-100)

= 55% / 45% x -100

= 1.22 x -100

= -122

If the percentage is less than 50%, then take 100% minus itself divided by itself, then multiply by +100, then put a plus sign in front of it. For example, 45% is converted to +122

= (100% – PERC) / PERC x 100

= (100% – 45%) / 45% x 100

= 55% / 45% x 100

= 1.22 x 100

= +122

So how is this useful?

I use the later set of formula’s (Converting percentages into money lines) every time I place a bet. Sometimes I can cap my own games and determine that Team A has a 66% chance to win a game. Other times, I use ESPNinsider to simulate the games for me (this requires a premium subscription). In my sports betting Excel spreadsheet, I already have the two formula’s entered in so all I have to do is substitute the percentages to get my money line.

Formula To Convert Point Spread To Moneyline Excel

Point Spread Nfl

So let’s say that ESPN says Alabama has a 66% chance to beat Tennessee. Using the formula above, I determine that based on that percentage, the money line should be Alabama -194. At this point, the Alabama money line is actually only -170, so basically ESPN’s simulation says there is a -24 point value in taking Alabama. You see what I’m saying? This is also helpful with line movement in that it quantifies in cents how much value that bet has gained or lost since it opened.