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Moneyline to percentage4/25/2023 ![]() In your individual case you could very well win 55 of those wagers, but if only 20 of those wins are $100 wagers and 35 are the $50 wagers, you’d still end up losing $337.50. If you make 100 wagers but half are risking $100 and half are risking $50, then this equation falls apart. One caveat to this entire equation is the assumption that each and every one of those wagers are for the same amount. For any experienced sports better, we’d replace the dollars for units (1 unit is the amount an individual designates to their standard bet). While the above example used 100 $1.00 wagers, this was to make the illustration a little easier to follow. This 8 cents is due to the rounding we did earlier, but hey, don’t go spending it all in one place. Subtract what you wagered from that ($100) and you actually made a net profit of $0.08. You’ve now given the sportsbook $100, if you were to win 52.4% of those wagers (I know you can’t win a fraction of a wager really, but we’re trying to get to the break-even point remember!) and received $1.91 for each win, you’d receive $100.08 in return (1.91*52.4). To illustrate this, let’s say you made 100 $1 wagers. Step 3: 100/1.91 = 52.4 This final step can be read as if you made 100 wagers and were returned 1.91 for each win, how many wins would you need. For example, if you wager $100, you’ll win $91 in addition to getting your $100 back. At this point, it means that you can multiply this number by the amount you’re risking and it’s how much you’ll get back if you win. Continuing the above example 0.91+1 = 1.91. Step 2: +1 this step adds the wagered amount back into the equation. Essentially this means that you’ll win 91% of the amount you risk. 100/110 = 0.91 (again that numbers rounded up a little but you get the idea). Step 1: 100/odds or odds/100 this step breaks the American odds down into the decimal amount that’s won on the wager. Let’s break this down into the basic steps to understand how it all works. Keeping this in mind, let’s take a look at this grand equation. If the odds are positive, then that is how much will be won when wagering $100 (+110 means you’ll win $110 when risking $100). If the odds are negative, then that is the amount which needs to be wagered in order to win $100 (-110 means you’ll need to risk $110 to win $100). Get a risk-free bet up to $500 at FanDuel Sportsbook with our promo code >Īmerican odds use a number system based on $100. That decimal is rounded up, so you’d actually make a tiny fraction in profit at that rate! Let’s look at the math behind this and look at a simple equation that can be used to determine if a pick is profitable. Using -110 odds (the standard for NFL picks against the spread), you’d need to win 52.4% of your bets. ![]() That magical number where if they win this percentage of the time they’ll at the very least not lose money, and ideally go beyond that to make a nice return on their investment. Every sports bettor should know what their break-even point is for their Wagers.
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