Calculator: Converting Moneyline Odds into Win Probability
Here's a neat little rig that helps you with your handicapping by helping you, at a glance, figure out whether or not you've got an edge. See the instructions below. NOTE: This converter does not take into effect the juice (vig), but instead handles it as if this were a perfect world. Also, it can only handle actual percentages, so don't try to stick ".645" in there. Instead, type in "64.5". Enjoy!
|Moneyline Converter Instructions|
into a money line:
Say you've done your homework and you've decided that Team A has a 58.5% chance of winning their game.
Enter 58.5 into the box marked Win % and press the button marked % --> Line.
Presto! Now you can compare the number that appears in the "Line" box (-40.9) and see if you've got an edge on the actual money line.
To convert a
into winning probability:
Say you're looking at a -178 money line and would like to see what kind of chances your book is giving this team.
Enter -178 into the box marked Line and press the button marked % <-- Line.
Presto! Now you can compare the number that appears in the "Win %" box (64%) and see if you've got an edge on the actual money line.