# What is the Money Line formula used in Sports Betting?

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

The money line in sports betting represents the odds for a team or individual to win a particular event. The money line is expressed in terms of positive (+) and negative (-) odds. Positive odds indicate the underdog, while negative odds represent the favorite.

Here are the formulas you can use to calculate the potential winnings for a given bet amount:

1. For positive odds (underdog):

Potential winnings = (bet amount * positive odds) / 100

For example, if you bet \$15 on a team with odds of +200:

Potential winnings = (15 * 200) / 100 = \$30

In this case, you would win \$30, plus your initial bet of \$15, for a total payout of \$45.

1. For negative odds (favorite):

Potential winnings = bet amount / (negative odds / 100)

For example, if you bet \$15 on a team with odds of -300:

Potential winnings = 15 / (300 / 100) = \$5

In this case, you would win \$5, plus your initial bet of \$15, for a total payout of \$20.

Remember that these formulas only calculate the potential winnings, not the total payout. To find the total payout, simply add the initial bet amount to the potential winnings.

### One comment

• semper0521

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.