Moneyline Calculator

The essential tool for every bettor. Instantly determine your profit and total payout based on your stake and the American odds.

Wes Frank
Wes FrankFounder, EdgeSlip Analytics
Updated Dec 25, 2025
Fact Checked

Moneyline Calculator

Calculate Profit & Payouts

Hint: "Moneyline" simply refers to picking the winner of the game. Negative odds (e.g. -150) indicate the Favorite, while positive odds (e.g. +130) indicate the Underdog.

Payout Breakdown

Total Payout (Stake + Profit)
$190.91
Profit: $90.91
To
Win
$90.91
Implied
Probability
52.38%
StakeProfit

Shop for the best line: A -110 moneyline pays $90. A +105 moneyline pays $105. EdgeSlip scans every book to find you the higher payout.

Find Best Moneylines

What is this tool?

A Moneyline Calculator is a tool used to calculate the potential profit and total payout of a bet using American Odds (e.g., -110, +200). 'Moneyline' is the most common bet type in the US, referring simply to betting on who will win the game outright. This tool handles the math for both favorites (negative odds) and underdogs (positive odds) to show you exactly what your ticket is worth.

How to use it

First, enter your 'Stake' (the amount you want to wager). Then, enter the 'Moneyline Odds' listed by your sportsbook. For a favorite, use a minus sign (e.g., -150). For an underdog, use a plus sign (e.g., +130). The calculator will instantly display your 'To Win' amount (Pure Profit) and your 'Total Payout' (Profit + Original Stake).

Understanding the Moneyline

American Odds center around the number $100. The plus (+) and minus (-) signs indicate whether you are betting on the Favorite or the Underdog, and they change the math of the payout completely.

The Favorite (-)

Negative Odds (e.g. -150)

The number indicates how much you must bet to win $100.

  • Odds: -150
  • Bet: $150
  • Win: $100
  • Payout: $250
The Underdog (+)

Positive Odds (e.g. +130)

The number indicates how much you will win on a $100 bet.

  • Odds: +130
  • Bet: $100
  • Win: $130
  • Payout: $230

The Payout Formulas

While our calculator does this instantly, understanding the manual calculation helps you spot value quickly in your head. The formulas differ depending on if the odds are positive or negative.

Negative Odds Formula (-)Profit = Wager / (Odds / 100)
Example (-200): $100 / (200/100) = $50
Positive Odds Formula (+)Profit = Wager * (Odds / 100)
Example (+150): $100 * (150/100) = $150

How to Read Moneyline Odds

Reading odds correctly is the first step to becoming a profitable bettor. In the United States, "American Odds" are the standard. Here is a breakdown of what you might see on a sportsbook like FanDuel or DraftKings:

  • The Matchup: You will see two teams listed, usually with the Away team on top and Home team on the bottom.
  • The Numbers: Next to each team name will be a 3-digit number (e.g. -140 or +120). This is the "Price" or the odds.
  • Implied Probability: Every set of odds translates to a percentage. -200 means the book thinks the team has a 66% chance to win. +200 means they think the team has a 33% chance.

Moneyline vs. Spread: Which is better?

A Moneyline bet is a wager on a team to win outright, with no point spread involved. If your team wins by 1 point or 50 points, the payout is the same.

A Point Spread bet handicaps the teams to make the game even (usually offering -110 odds on both sides). For example, if the Chiefs are -7, they must win by more than 7 points.

Strategy Tip: In sports with low scoring like Hockey (NHL) or Baseball (MLB), the Moneyline is the primary way to bet. In high-scoring sports like Football (NFL) or Basketball (NBA), the Spread is more popular because it evens the playing field between mismatched teams.

Why do lines move?

You might see a team open at -130 on Monday, but by Sunday they are -150. This is called "Line Movement." Lines move for two main reasons:

Betting Volume

If 80% of the money is being bet on one team, the sportsbook will make that team's odds worse (e.g. moving from -130 to -150) to discourage further betting and balance their risk.

New Information

If a star player gets injured or the weather forecast changes significantly, the bookmakers will adjust the implied probability of the outcome instantly.

Advanced Strategy: Finding Value

Every Moneyline price implies a specific percentage chance of winning. For example, -150 implies a 60% win probability. +150 implies a 40% win probability.

If you believe a team has a 50% chance to win, betting them at +150 is a great bet (+EV). Betting them at -150 would be a terrible bet (-EV). Use our EV Calculator alongside this tool to ensure you are always making mathematically profitable decisions.

Frequently Asked Questions

What does a minus (-) mean in betting odds?▼
A minus sign indicates the Favorite. The number that follows is how much you must bet to win $100. For example, -110 means you must bet $110 to win $100 in profit (Total payout $210).
What does a plus (+) mean in betting odds?▼
A plus sign indicates the Underdog. The number that follows is how much you will win if you bet $100. For example, +200 means a $100 bet wins you $200 in profit (Total payout $300).
What is 'Even Money'?▼
Even Money (often displayed as 'Even', 'Ev', or '+100') means there is no juice or vigorish favoring one side over the other relative to your stake. A $100 bet wins exactly $100. In Decimal odds, this is displayed as 2.00.
How do I calculate profit for decimal odds?▼
Decimal odds are easier to calculate. Simply multiply your Stake by the Decimal Odds to get the Total Payout. Then subtract your Stake to find the Profit. Example: $50 Stake * 2.50 Odds = $125 Total Payout. $125 - $50 = $75 Profit.
Why are the odds different at different sportsbooks?▼
Sportsbooks balance their books differently based on the action they receive. One book might have too much money on the Chiefs and move the line to -130, while another might still have them at -120. Finding the best price (Line Shopping) is the easiest way to increase your long-term ROI.
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