![]() ![]() For example, if a money lines on a are +300 and -450 then the balanced house edge would be 6.38%.įor bets with more than two or more possible outcomes, please see my futures calculator. This is more of a tool to determine how much juice a casino takes out. Use this tool to strip pairs of American odds down into true implied. To calculate the payout of a 50 bet on the Buffalo Bills, divide 115/100 and multiply by 50 (1.15. Of course, I'm not claiming that both sides always have the same house edge. The No-Vig Fair Odds Calculator can be used to analyze any 2-way betting markets (moneylines, point spreads, totals, etc.). To calculate + odds, divide the odds by 100 and multiply that product by the wager amount. The alternative is European odds, which are expressed on a "for one" basis (for example 1.9091, 2.2000). This is the formula in the OddsJam sports betting. The calculator defaults to American odds (for example -110, +120). The formula for expected value (fair win probability) x (profit if win) - (fair loss probability) x (stake). They are American money line odds for example, +200 signifies the amount a bettor could win if wagering 100. Just put in the line on each outcome, click "calculate," and the calculator will tell you the house edge, assuming both sides have the same house edge. When odds are expressed with a plus (+) or minus () symbol followed by a number. Whether it be a spread against the spread, money line, or total, if there are only two possible outcomes, then you can use this calculator. The calculator will calculate the house edge for an event that has just two possible outcomes. ![]() On this page Sports: Straight Bet Introduction ![]()
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