100 To 1 Odds Payout Calculator
This will give you the decimal version of the odds, which you multiply by the amount of money you wager. +150:: (150/100) + 1 = 2.50. $100 x 2.50 = $250. For negative odds, divide 100 with the moneyline, before adding one to this number. Multiply your wager by this result.
For the most part, calculating roulette payouts is just a matter of multiplication. Each bet pays out at certain odds, and that determines what you multiply the bet by to get the payout. Also, as with most table games, the payouts are done on an X to Y basis, as opposed to an X for Y basis.
This post wants to cover roulette payouts in some degree of detail, though, including how much each bet pays off.
More importantly, I want to explain how the croupier is able to calculate payouts for roulette so quickly. Guess what? They have a system for that.
Payout Odds in Gambling
When you’re gambling on something, you get paid off using odds. Some games offer even odds, which means that if you bet $100, you win $100 when you win.
To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which yields 1.4). How to use the calculator. To work out the return on any bet, simply enter the Odds and the Stake. For example, if you were betting £100 on a 9-4 chance, enter: Odds = 9 (to) 4, Stake = 100, then click 'Calculate'. The Instant Bet Calculator will then show the return on a: Win only bet. Winning each way bet (1/4 odds).
Most games, though, have various payouts for various kinds of bets.
The top jackpot on a video poker machine pays off at 800 for 1.
And that’s an important distinction. There’s a big difference between a payoff of 800 for 1 and a payoff of 800 to 1.
With table games like roulette, the payoffs are in the form of 2 to 1, 3 to 1, 35 to 1, etc.
This means that if you win the bet, you get to keep the amount you bet, and you get the winnings along with it.
If you bet $100 on a single number at the roulette table and win, you get a payoff of $3,500. But you also get to keep your $100.
With gambling machines, payouts are made on a “for” basis instead of a “to” basis. This means your winnings are traded for what you risked.
If you bet $5 on a slot machine and win a $10 payout, you don’t get your $5 back on top of that.
This is an important distinction you should make. Most gamblers don’t stick just with roulette, so if you’re going to play other games — and you probably will — you should understand how that works.
Specific Payouts in the Game of Roulette
In roulette, you have a huge variety of bets you can place. You bet on a single number. Or you can bet on two numbers — if either of those numbers come up, you win. Or you can bet on three numbers, and if any of those three numbers come up, you win.
The more likely it is for you to win, the lower the payout is.
A bet on black wins almost half the time. The payoff for that bet is only 1 to 1, or even money.
A bet on a single number pays off at 35 to 1, which is a big payoff, but it also only wins 1 out of every 38 spins on average.
The Difference Between the Odds of Winning and the Payout Odds
The casino makes its money from the difference between the odds of winning and the payout odds.
You know how you can express the payout on a bet as odds?
35 to 1 is an example of how you’d express a payoff on the single number bet.
The odds of winning can also be expressed in the same way.
On a standard American roulette wheel, you have 37 ways to lose a single number bet and only one way to win.
This means the odds of winning are 37 to 1.
Since the odds of winning are lower than the payoff for the bet, the casino makes a profit in the long run.
Once out of every 38 spins, they’ll pay off a single number bet, but they’ll only pay off 35 to 1 on that bet. The rest of the money goes into the casino’s pocket.
The casino deals in long-term averages, especially when it comes to roulette.
Roulette Bets and Their Payoffs
Here’s a list of bets you can make at the roulette table and how much each of them pays off.
The Outside Bets
These are the bets on the outside of the betting surface, and they’re the bets that pay off the most often. As a result, you win less with these bets.
Here are the outside bets you can make:
- Red(or Black) – You can bet on the color of the number, and the payout is even money — 1 to 1
- Even (or Odd) – You can bet that the number will be even or odd, and the payout is again even money — 1 to 1
- Low (or High) – You can bet that the number will be 1-18 (low) or 19-36 (high). The payout is even money on this one, too
- Columns – The numbers on the betting surface are organized into three columns. You can bet that the ball will land on one of the numbers in that column. The payoff, if you guess right, is 2 to 1
- Dozens – The numbers can be divided into 1st third (1-12), 2nd third (13-24), and 3rd third (25-36). If you guess right, you get a 2 to 1 payout
On all these outside bets, 0 and 00 count as losses. Those numbers are green, and they’re not considered even or odd, high or low.
The Inside Bets
These are the bets on the inside of the betting surface. They pay out better but have a bigger chance of losing.
Here are the inside bets you can make:
- Straight Up – This is a bet on a single number and pays off at 35 to 1
- Split – This is a bet on two numbers that are next to each other. It pays off at 17 to 1
- Street – This is a bet on three numbers, and it pays off at 11 to 1
- Corners – This is a bet on four numbers, and it pays off at 8 to 1
- The 5-Number Bet – You can only bet on 0, 00, 1, 2, and 3 if you want to bet on five numbers, and it pays off at 6 to 1. This is the only bet on the roulette table with a different house edge from the other bets — 7.89% (the other bets have a house edge of 5.26%)
- Line – This is a bet on six numbers and pays off at 5 to 1
All these bets would be a break-even proposition in the long run IF the wheel didn’t have a green 0 and a green 00.
How the Croupier Makes the Payouts So Quickly
The first thing the croupier does after the decision is to clear all the losing bets off the roulette table. Since he’s intimately familiar with the layout of the betting surface, this doesn’t take long at all.
Also, all the players at the roulette table have chips that are specifically colored so that they have the same color. You can’t use the roulette chips at the other table. This enables the croupier to tell your bet from someone else’s. It’s the color of the chips.
To calculate the payouts, you just multiply the bet by the payout odds.
If someone bet two chips on a single number and it won, you’d multiply 2 by 35 and get 70. That’s how many chips you’d give the player in winnings.
He doesn’t really have a magical system, either. He knows the payouts for the various bets, and he’s able to do the multiplication in his head. It’s easy multiplication, but even if it weren’t, he’d eventually just be able to memorize the correct payout relative to the number of chips bet.
Also, he doesn’t really think of the chips as money. They’re just betting units.
Can Any of This Information Help Me Win at Roulette?
Naw.
Roulette’s a negative expectation game.
You might get lucky in the short run, but if you play long enough, the math behind the payouts will eventually reduce your bankroll to 0.
Conclusion
And that’s how to calculate roulette payouts. You just memorize which bets are possible and how much they pay off. Once you know that, calculating the payouts is just a matter of multiplication.
Croupiers are able to do it quickly because they do it all day every day.
I’m able to make change in my head because I worked for years on cash registers that didn’t calculate change. I know how to subtract from 100 without any effort at all.
Calculating roulette payouts is a similar skill.
Please enable JavaScript to view the comments powered by Disqus.Moneyline bets present the most straightforward way to wager on a sports contest. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved.
The payout odds on the favorite and underdog can differ significantly on a moneyline bet. Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side.
The following page includes the GamingToday.com MoneyLine Calculator, as well as several valuable tables and graphs designed to help bettors gain an edge with moneyline bets.
Moneyline Calculator
Fill in the dollar amount for your bet and the American Odds (for example -110) and calculate the implied probability and the return on the moneyline.:
What Is A Moneyline Bet?
Legal US sportsbooks generally present several different ways to wager on sports. Moneyline bets represent just one of several different wagering options, which include point spread, totals, parlays, and in-game betting.
Moneyline Bets
A moneyline wager allows the bettor to put a bet on which team or athlete will win a contest, straight up. The moneyline underdog will always pay out at better odds than the favorite.
Skilled bettors look for value on moneyline bets by evaluating teams that have a better chance of winning than the implied probability of the odds might dictate.
Moneyline favorites are listed with “-” odds, and the underdog is listed at “+” odds.
For example, here’s a look at a line offered by PointsBet on Game 1 of the 2020 World Series:
| Point Spread | Total | Moneyline | |
|---|---|---|---|
| Tampa Bay Rays | +1.5 (-150) | Over 7.5 (+100) | +140 |
| LA Dodgers | -1.5 (+130) | Under 7.5 (-121) | -165 |
American Odds
PointsBet sets the Los Angeles Dodgers as the favorite in the game, with -165 moneyline odds. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet.
For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would yield. First divide 100 by 165 (without the “-”), which yields 60.6. Then multiply that number by your $50 bet to arrive at the profit (60.6*$50=$30.30).
A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet).
To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager.
A $50 bet on the Tampa Bay Rays, for instance, would calculate as 140/100 (which yields 1.4), multiplied by $50 (1.4*$50=$70). A winning $50 moneyline bet on the Rays returns $120 total to the bettor ($70 profit plus the original $50 bet.)
Decimal Odds
Decimal odds can be used to make a simple calculation of odds multiplied by wager amount to arrive at the total amount returned to the bettor.
The -165 odds on Los Angeles, for example, convert to 1.6061 decimal odds using the Gaming Today moneyline calculator. Multiplying that by a $50 bet yields $80.30, and subtracting the original bet amount yields the profit earned ($80.30-$50=$30.30).
What Is A Moneyline Calculator?
The Gaming Today Moneyline Calculator allows for quick calculations for any wager amount and payout odds. Using American, decimal, fractional, Hong Kong, Indonesian, or Malay Odds, you can input the odds and the amount of a wager and see the payout that would come if the bet is a win.
While it’s valuable to understand and be able to calculate favorite and underdog Moneyline odds for all of the different odds notations, the moneyline calculator can save a significant amount of time and energy.
One of the most important features of the Gaming Today Moneyline Calculator is the Implied Probability feature.
For any favorite or underdog input, the calculator produces the implied probability of that team winning. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds.
The “To Win” window displays the amount of profit yielded by any combination of odds and wager amount. To calculate the return to the bettor, add the “To Win” number to the original amount of the wager.
How To Use The Moneyline Calculator To Place A Sports Bet
Suppose you wanted to put the Gaming Today Moneyline Calculator to work to decide how you wanted to bet on Game 1 of the 2020 World Series. Here’s another look at the lines offered on that game by PointsBet:
| Point Spread | Total | Moneyline | |
|---|---|---|---|
| Tampa Bay Rays | +1.5 (-150) | Over 7.5 (+100) | +140 |
| LA Dodgers | -1.5 (+130) | Under 7.5 (-121) | -165 |
To calculate a $50 moneyline wager on the Tampa Bay Rays, input $50 in the “Bet Amount” window and put “+140” in the “American Odds” window. Hit enter or click on the “Convert Odds” button and see how the moneyline calculator converts that information into several different useful categories.
The calculator converts the “+140” odds into all of the different notations you might see used by a sportsbook.
The +140 American odds convert to 2.40 decimal odds, 7/5 fractional odds, 1.40 for Indonesian/Hong Kong odds, and -0.7143 Malay Odds. 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 “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that.
The “To Win” output yields the profit produced if the Rays win. A $50 winning bet on the Rays yields $70 in profit and a $120 total return to the bettor ($70 profit plus the $50 original bet).
Looking for other calculators to use when sports betting? Check out:
Calculating Positive And Negative Moneyline Odds
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. Below is a graph of profit won on $100 bets for negative odds. Note that it is a curve that approaches, but will never get to $0. Even -1,000,000 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. as the odds increase, so does the profit. That goes on forever.
Looking at the odds offered by the sportsbook, note whether they are negative odds (for example -110) or positive odds (for example +120). The calculation changes based on if it is a positive or negative odd. Below we work through an example of a bet of $100 at -110 moneyline odds. It is important to notice that multiplying by -1 is required to give us the positive payout:
PAYOUT = BET AMOUNT / (-1 *MONEYLINE ODDS / 100)
So that looks like:
$90.91 = $100 / (-1 * -110/100)
That also means that you will be returned that amount AND your original bet, meaning you now have $190.91. Let’s work another negative example of a $100 bet at -150:
$100 / (-1 * -150 / 100) = $66.67
Now let’s work through a positive money example. Let’s say you bet $100 at +120
PAYOUT = BET AMOUNT * ODDS / 100
That looks like:
$120 = $100 * 120 / 100
In that case, you are returned your original bet plus profit, so you now have $220.
What Is Line Movement?
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.
In the World Series Game 1 example from above, if 90% of bets come in on the Dodgers, the sportsbook stands to lose big money if Los Angeles wins. 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. It’s important to remember that sports betting isn’t a zero-sum game, and you’ll be losing in the long run even if you win 50% of the time.
Legal Online Sports Betting In The US
A federal mandate known as the Professional and Amateur Sports Protection Act (PASPA) was overturned in May 2018, giving US states the legal clearance to offer state-regulated sports betting. 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:
DraftKings Sportsbook
100 To 1 Odds Payout Calculator Formula
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. A tool like the Moneyline Calculator can be an indispensable tool to use for evaluating the odds and implied win probabilities at DraftKings Sportsbook.
FanDuel Sportsbook
Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US.
FanDuel Sportsbook’s vast selection of moneyline wagering options becomes a potentially profitable market for bettors using a moneyline calculator. Such a tool allows sharp players to compare odds across multiple sportsbooks and only place the most favorable bets.
FOX Bet
A collaboration between FOX Sports and The Stars Group, the FOX Bet brand operates online sportsbooks in New Jersey, Pennsylvania, and Colorado.
The moneyline odds at FOX Bet can vary greatly versus some of its competitors, and bettors using a moneyline calculator tool gain a significant edge versus players that don’t.
Moneyline Calculator FAQs
Yes. 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. It’s especially useful for evaluating the implied probability of winning and payout odds.
The moneyline bet calculator’s ability to display odds across multiple notation formats (American, Decimal, Fractional, Indonesian/Hong Kong, and Malay odds) allows bettors to compare lines across sportsbooks that use different notations.
Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit.
Yes. 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.
For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. To convert +160 into fractional odds, for example, divide 160 by 100 (160/100) and reduce that fraction to the lowest whole number denominator. American odds of +160 would convert to 8/5 fractional odds.
For “-” American odds, divide 100 by the odds and convert to the simplest form fraction. For -160 odds, for example, the calculation looks like 100/160, which reduces to 5/8 fractional odds.
To convert “+” American odds to implied winning probability, the formula looks like this:
100 / (“+” American odds + 100)*100 = implied probability
For example, +160 odds would be calculated as 100/(160+100)*100. This converts to 100/260*100, which ends up yielding a 38.46% implied probability.
To convert “-” odds, the formula looks like this:
“-” odds / (“-” odds + 100)*100 = implied probability
For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. The implied probability of -160 odds is a 61.54% chance of winning.
Sports Odds Payout Calculator
Several online sportsbooks offer comprehensive coverage of sports and ways to bet. Some of the best choices for online sports betting in the US include DraftKings Sportsbook, FanDuel Sportsbook, PointsBet, FOX Bet, and BetMGM.