In order to understand the Moneyline it is necessary to understand that it is a concept that comes from America, therefore every bettor must know how to convert values from the American system to the European system. In addition to this question, it is necessary to master some basic concepts that are deeply rooted in the nomenclature of professional bettors.
Among these is the concept of Stake, which translates directly from its native Anglo-Saxon language as “in play” and is used to describe the amount wagered. The scale of Stake calculations runs along the royal straight line from the number 0, including it, up to the number 10, which is also part of the interval.
Once the concept of Stake has been assimilated, it will be easier to know how to convert values from the American system to the European system, as it is essential to know how to use this value. It should also be understood that the need to carry out these conversions derives from the notorious differences that exist between the decimal system (European) and the linear system (American).
However, the calculation that transforms the figures from the American system to the European system is based on a mathematical formula that is easy to understand. This mathematical equation contemplates the amounts corresponding to the odds, the profit and the stake, which are involved in a mathematical relationship.
- Quota = (Profit/Skate) + 1
Understanding this we make the calculation, through the example of our Super Bowl game where the Patriots play against the Seahawks. We must remember that for this example we established a “Favorite” and underdog which reached values of -120 and +110 respectively.
- Patriots: (100/120) + 1 = 1.83
The 100 corresponds directly to the value obtained by profit, the 120 reflects the Stake concept, i.e. value invested in currency ($120).
- Seahawks: (110/100) + 1 = 2,1
In the case of the underdog, the profit will be a little higher, as follows 110 directly indicates the profit obtained. The 100 denotes the stake amount, which includes the investment made in the amount of ($100).
How do Moneyline bets behave?
If you still have doubts about how Moneyline works, don’t worry, we will describe for you how Moneyline betting works. As a punter by trade you should understand that the Moneyline describes a growth that is based on getting 100 points profit or investing 100 points to get X profit.
Essentially Moneyline behaviour is based on earning 100 points and in some cases investing 100 points. Therefore, it is always possible to calculate the odds and it is also important to know the profit that will be made by placing Moneyline bets.
The mathematical formula used for the actual calculation of the profit is the same as the one used for the conversion to decimal systems. One thing that the bettor needs to do is to have a clear understanding of the profit, Stake and odds values, which will be reflected in the example above.
In this example, a “Favourite” is clearly established, which is represented by the New England Patriots team, which has a rating of -120.
- Patriots: -120 [(100/120) + 1= 1.83].
This means that the punter will be able to make a profit of 100 points for the investment of a Stake of $120.
The direct contender, the underdog, is represented by the Seattle Seahawks, which is positively signalled under the value of 110.
- Seahawks: +110 [(110/100) + 1= 2,1].
Now, from the following mathematical relationship it must be understood that betting on the “underdog” team implies certain risks, so for a Stake of 100 a net profit of $110 will be obtained.
Moneyline with a possible third event
Betting on Moneyline with a possible third event feasibility of X event, i.e. if the sporting discipline in question provides for it, it could apply to a draw. Within the Moneyline probability framework, it considers the feasibility of an event A, a possible event X and an unexpected event B.
We will understand event A as the one that directly favours the prediction issued for the “Favourite”, i.e. the favourite team in the contest. Event B will be the least expected outcome and is the one that leans towards the “underdog”, a twist that will undoubtedly favour the most daring bettors.
Now, a Moneyline with a possible third event envisages the feasibility of event X, which may or may not be implied within the betting line. This provision contemplates the possibility of an event signified in the same way with the algebraic sign determined for the positive numbers.
- Barça: -208 [(208/100) + 1= 3.08].
- Draw: +350 [(350/100) + 1= 4.50]
- Eibar: +475 [(475/100) + 1= 5.75]
In the following example Barça is clearly reflected as the “Favourite”, being this the possible event A contemplated as expected development. On the other hand, Eibar is designated as the “underdog” and is therefore denoted as the outcome of the unexpected event B.