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Bob used to be considered one of the ihorse betting guide of the best at picks, but nobody has fallen further over recent years than Dr. Bob Sports. Doctor bob sports betting the early s Doctor bob sports betting. Many client now report of and losing streaks after trying his service and his name is slandered across every sports betting forum online. Stop following these loser handicappers, unless you plan on fading their picks. Bob to shame with our daily game day reports that detail all of the information and action from around every active league. This is about strategical investing, not impulsive sports gambling, you need the pros on your side to capitalize on the right opportunity.

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A tool like our moneyline calculator can be a crucial component of a betting strategy when evaluating odds at sportsbooks that use different notations. The math used in calculating the payout on a moneyline is pretty simple. It is one of the most important first steps to understanding sports betting and is crucial to success. Even -1,, odds still yields some profit from a win:. And here is a graph of profit for positive numbers.

The really important difference is that the line is linear. That goes on forever. The calculation changes based on if it is a positive or negative odd. It is important to notice that multiplying by -1 is required to give us the positive payout:. Sportsbooks make money by setting lines that bring in an appropriate amount of wagers on both sides of a bet.

The house offers odds that factor in a cut of overall wagers, known as vig, that goes to the sportsbook. A Tampa Bay win in that situation is even more disastrous for the sportsbook. If the bets coming in on a game are too one-sided, the line on the game will start to move to try to prompt more bets for the other side. Several states now offer both retail and online sports betting, including New Jersey, Pennsylvania, Nevada, Illinois, Indiana, Colorado, and several others.

The top online sport betting brands in the US include the following:. One of the biggest brands to emerge in the booming online sports betting industry, DraftKings Sportsbook offers mobile sports wagering in eight states. The sportsbook offers every imaginable kind of wager across multiple sports.

That betting menu includes daily moneyline opportunities on all major US sports leagues, as well as numerous international leagues. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets. More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending.

New Jersey, Nevada, and Pennsylvania represent the three biggest online sports betting markets in the US. Other states with legal online sports wagering include Colorado, Illinois, Indiana, Iowa, West Virginia, and a few others. The Gaming Today Moneyline Calculator can be used as a valuable resource on any moneyline bet.

Nothing in the terms and conditions of any US legal online sportsbooks prohibits the use of a moneyline calculator. The calculator provides computations that any person could produce with pen and paper but in a much faster and more efficient manner. The implied probability of odds is a Several online sportsbooks offer comprehensive coverage of sports and ways to bet. Moneyline Calculator. Written By: Geoff Fisk.

European odds and American odds are different and can be confusing to keep straight. Our betting odds calculators convert fractions, decimal and parlay payout odds. The odds converter below will do all that and more with one easy click. Next, you need to know which kind of odds you want to establish for a baseline. These fractional odds are standard in many parts of Europe and elsewhere, but some bettors might be more comfortable using traditional American odds.

It will also show the same odds in decimal and percentage chances of winning implied odds. Decimal odds are also far more common in Europe and other parts of the world. They can be confusing for U. Again, our free odds calculator can easily convert decimal odds to American, fractions or percentage format. At certain online bookmakers, one might find the Los Angeles Lakers with moneyline decimal odds of 1.

What does that mean? Essentially, decimals show the potential payout for every dollar wagered. The Lakers at 1. Simply change the preferred format to decimal, enter 1. A good gambler is looking for value in numbers more so than value in teams or players. Our odds calculator provides those hard numbers instantly, calculated automatically, in all different formats, so that bettors know all the exact numbers before making an informed decision on which outcome to back at their favorite sportsbook.

Then go to our parlay calculator , plug in the odds and see the potential payout.

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