Moneyline Calculator
Calculate Moneyline Payouts Instantly
See exactly how much you'll win on favorites and underdogs
Your Moneyline Bet Results
Quick Examples
Quick Guide:
Enter positive odds with a + sign (e.g., +150) for underdogs, or negative odds with a - sign (e.g., -200) for favorites. The calculator shows your potential profit and total payout if your bet wins.
What is a Moneyline Bet?
A moneyline bet is the simplest form of sports betting - you're simply picking which team or player will win the game outright. Unlike point spread betting, the margin of victory doesn't matter. Whether your team wins by 1 point or 20 points, a winning moneyline bet pays the same. This moneyline calculator instantly shows your potential payout for any moneyline odds.
Moneyline odds are expressed using positive and negative numbers:
- Negative odds (-150): Indicates the favorite. Shows how much you need to bet to win $100
- Positive odds (+200): Indicates the underdog. Shows how much profit you win on a $100 bet
- Even odds (+100): A 50/50 bet where you double your money
Before placing your moneyline bet, compare odds across the best betting sites to ensure you're getting the most competitive lines. Even small differences in moneyline odds can significantly impact your long-term profitability.
How to Calculate Moneyline Payouts
Moneyline Payout Formulas
Positive Moneyline (+150)
Formula: (Odds ÷ 100) × Stake = Profit
Example: $100 bet at +150
(150 ÷ 100) × $100 = $150 profit
Total Payout: $250 ($150 + $100 stake)
Negative Moneyline (-200)
Formula: (100 ÷ |Odds|) × Stake = Profit
Example: $100 bet at -200
(100 ÷ 200) × $100 = $50 profit
Total Payout: $150 ($50 + $100 stake)
Moneyline Examples by Sport
NFL Moneyline
Chiefs -180
Raiders +150
Bet $180 on Chiefs to win $100
Bet $100 on Raiders to win $150
NBA Moneyline
Lakers -220
Kings +180
Bet $220 on Lakers to win $100
Bet $100 on Kings to win $180
MLB Moneyline
Yankees -140
Red Sox +120
Bet $140 on Yankees to win $100
Bet $100 on Red Sox to win $120
NHL Moneyline
Rangers -165
Islanders +140
Bet $165 on Rangers to win $100
Bet $100 on Islanders to win $140
Moneyline Betting Payout Chart
| Moneyline Odds | $10 Bet Wins | $50 Bet Wins | $100 Bet Wins | Implied Probability |
|---|---|---|---|---|
| -500 | $12.00 | $60.00 | $120.00 | 83.33% |
| -300 | $13.33 | $66.67 | $133.33 | 75.00% |
| -200 | $15.00 | $75.00 | $150.00 | 66.67% |
| -150 | $16.67 | $83.33 | $166.67 | 60.00% |
| -110 | $19.09 | $95.45 | $190.91 | 52.38% |
| +100 | $20.00 | $100.00 | $200.00 | 50.00% |
| +150 | $25.00 | $125.00 | $250.00 | 40.00% |
| +200 | $30.00 | $150.00 | $300.00 | 33.33% |
| +300 | $40.00 | $200.00 | $400.00 | 25.00% |
| +500 | $60.00 | $300.00 | $600.00 | 16.67% |
| +1000 | $110.00 | $550.00 | $1,100.00 | 9.09% |
Moneyline vs Point Spread Betting
Moneyline Betting
- Pick the outright winner
- Margin of victory doesn't matter
- Different payouts for favorites/underdogs
- Simpler for beginners
- Better for heavy favorites
Point Spread Betting
- Team must cover the spread
- Margin of victory matters
- Usually -110 odds on both sides
- More complex analysis needed
- Better for evenly matched games
Moneyline Parlay Calculator
Want to combine multiple moneyline bets? Our moneyline parlay calculator functionality shows how multiple moneyline bets combine for bigger payouts. Simply use our parlay calculator and enter your moneyline odds.
Moneyline Parlay Example
| Selection | Moneyline Odds | Decimal Odds |
|---|---|---|
| Patriots | -150 | 1.667 |
| Lakers | +120 | 2.200 |
| Yankees | -180 | 1.556 |
| 3-Team Parlay Payout: | 5.71x ($571 on $100) | |
Moneyline Betting Strategies
When to Bet Moneyline
- Heavy Favorites: When a team is -300 or more on the spread, moneyline often offers better value than laying big points
- Low-Scoring Sports: Hockey, soccer, and baseball games where one goal/run can decide the outcome
- Playoffs: When teams play conservatively and games are often decided by small margins
- Live Betting: Moneyline odds shift dramatically during games, creating value opportunities
For optimal live moneyline betting, use the best betting apps which offer real-time odds updates and instant bet placement on your mobile device.
Understanding Moneyline Value
The moneyline odds calculator helps identify value by showing implied probability. Compare this to your own assessment of a team's chances:
- If you think a +200 underdog has a 40% chance to win (implied probability is 33.33%), that's a value bet
- Shop different sportsbooks - even small differences in moneyline odds compound over time
- Track closing line value - consistently beating closing odds indicates sharp betting
Boost Your Starting Bankroll: New bettors can gain an immediate edge by claiming sportsbook bonuses. Many top betting sites offer welcome bonuses up to $1,000, giving you more capital to find value in moneyline markets.
Moneyline Bet Calculator for Different Stakes
Our moneyline payout calculator works for any stake amount. Here's how different bet sizes pay out:
| Bet Amount | -150 Payout | +100 Payout | +200 Payout |
|---|---|---|---|
| $25 | $41.67 | $50.00 | $75.00 |
| $50 | $83.33 | $100.00 | $150.00 |
| $100 | $166.67 | $200.00 | $300.00 |
| $250 | $416.67 | $500.00 | $750.00 |
| $500 | $833.33 | $1,000.00 | $1,500.00 |
Frequently Asked Questions
How do you calculate moneyline payouts?
For positive moneyline odds (+150): (Odds/100) × Stake = Profit. Total payout = Stake + Profit. For negative odds (-200): (100/|Odds|) × Stake = Profit. A $100 bet at +150 returns $250 total ($150 profit + $100 stake).
What does +200 moneyline mean?
+200 moneyline means a $100 bet wins $200 profit. The + indicates an underdog, and the number shows profit on a $100 wager. Total payout would be $300 (your $100 stake plus $200 profit).
What does -150 moneyline mean?
-150 moneyline means you need to bet $150 to win $100 profit. The minus sign indicates a favorite. A $150 bet returns $250 total if successful ($100 profit plus your $150 stake back).
Is moneyline a good bet?
Moneyline bets are straightforward - you simply pick the winner. They're good for beginners and when you're confident in an outright winner. Unlike spreads, the margin of victory doesn't matter, making them ideal for close games or heavy favorites.
What's the difference between moneyline and spread?
Moneyline bets require only picking the winner, while spread bets require a team to win by a certain margin. Moneyline favorites pay less than even money, while spreads typically offer -110 odds on both sides. Moneyline is simpler but spreads can offer better value on favorites.
Can you parlay moneyline bets?
Yes, moneyline bets are perfect for parlays. Multiple moneyline selections multiply together for bigger payouts. For example, three -150 favorites parlayed together would pay about +370. Use our parlay calculator to determine exact moneyline parlay payouts.
Published by: Robert Wood, Topend Sports, July 2025
Last Updated:
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- Parlay Calculator - Combine multiple moneyline bets
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