What is the Money Line formula used in Sports Betting?
What does it. When something is -300, which means I have to bet $ 300 to win $ 100. When something is 200, I bet $ 100 to win $ 200. That the 'm. staggering around, I bet if I want to say, $ 15, which formula I use to do so? Formula that applies here? For my math is very rusty so I need the cracked out there.
Posted by: Hunted
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February 17th, 2009 at 10:35 pm
It’s a ratio. 100 being the standard. For the -300 example, divide 300 by 100 and you get a 3:1 ratio. You pay 3 times as much as you win. Same for the other one, 100/200 = 1:2. You pay half as much as you win. If you were to wager $15 on both bets and win, you would earn $5 (plus your $15 back) for the first bet and $30 (plus your $15 back) for the second.