#1
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Converting Money Line to Percentage
I could probably come up with it if I thought through it but does someone have the formula off-hand to convert a money-line into a percentage?
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#2
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Re: Converting Money Line to Percentage
favorite.... 100 * L/(L+100) (drop the negative sign first)
dog.... 100 * 100/(L+100) or use an online calculator |
#3
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Re: Converting Money Line to Percentage
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#4
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Re: Converting Money Line to Percentage
Awesome, I found a calculator but I needed it for a spreadsheet. Thank you!
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#5
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Re: Converting Money Line to Percentage
another way, which doesn't require you to take the absolute value (and for me was a lot easier to memorize for the wide variety of situations where I'm away from a computer):
Amt to win $1 / (Amt to win $1 + $1) = Favorite % $1 / (Amt won when wagering $1 + $1) = Underdog % Said outloud its pretty easy to remember: Favorite: 'to win' divided by 'to win' plus one Dog : one divided by "win" plus one and you just have to remember that both cases, "to win" and "win" refer to $1. |
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