Tipico has no influence over nor are any such revenues in any way dependent on or linked to the newsrooms or news coverage. It also shows the implied probability of favorites and underdogs winning percentage. Convert Moneyline To Percentage Convert Moneyline To Percentage Calculation The 50 wager would return 80.30 to the bettor (30.30 profit plus the original 50 bet). Gannett may earn revenue from Tipico for audience referrals to betting services. In the US Moneyline a positive number lists winnings per 100 wager a negative number the amount to wager in order to win 100 on a short-priced horse: 500. Here are some handy charts that show the moneyline and the spread numbers and the percentage of time you would need to win in order to break even. After decades of incompetence, the Bengals are not only back in the Super Bowl-they’re the preferred team of most gamblers.įor a team that won just six games total between 20, it shows the Bengals’ stunning turnaround has already won over the hearts and wallets of bettors everywhere. Not when they can grab better odds on the moneyline. Unless otherwise stated, the source of this data is every NFL game played from the 2006 season through and including week 1 of the 2018 season. If this is not the case, I recommend reading my general page on sports betting first. Should that trend continue, there’s no reason for bettors to take the points. This page assumes the reader already has a good grasp of sports betting terminology. According to research from BetFTW’s Prince Grimes, teams favored by 4.5 or 5.0 points in the Super Bowl are 0-4 outright in title games. There’s even some good evidence moneyline bettors are making the right decision, too. 435, which means your break-even percentage is only 43.5. You divide your price by the sum of that price plus 100, in this case 130 divided by 230. Odds represent which team, horse, or athlete has the highest probability of winning. ![]() Moneyline favorites have a negative value (-110), while moneyline underdogs have a positive value. The action even helped move the line from Rams -4.5 to Rams -3.5 on Monday morning. Here, you’ll be calculating one minus your fraction. 1.Know that odds tell you the likelihood of an outcome. Betting the moneyline (ML) in the NBA means simply picking which team wins the game outright. ![]() On the spread, 51 percent of bettors have the Bengals at +4.5 and 51 percent have taken the point total over 48.5. Converting percentage into a money line If the percentage is greater than 50, then divide it by 100 minus itself, and multiply by -100. With six days to go, bettors have mostly decided they don’t even need the points to back the Bengals.Īccording to Tipico Sportsbook, 74 percent of moneyline bettors have taken Cincinnati (+165, bet $100 to win $165) to win the Super Bowl. We’ve reached the midway point of the run up to Super Bowl 56.Ĭhampionship Sunday is now a distant memory, the Pro Bowl has come and gone without anyone really noticing and bettors have gotten busy placing their wagers in anticipation of kickoff.Ī week ago we learned the Cincinnati Bengals opened as a 4.5-point underdog to capture the Lombardi Trophy against the favored Los Angeles Rams.
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