Converting Money Line to Percentage

KUJustin · #1 04-11-2007, 01:16 PM

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?

Homer · #2 04-11-2007, 01:24 PM

favorite.... 100 * L/(L+100) (drop the negative sign first)

dog.... 100 * 100/(L+100)

or use an online calculator

MrFeelNothin · #3 04-11-2007, 02:44 PM

http://www.covers.com/sportsbetting/...lines.aspx?t=0

KUJustin · #4 04-11-2007, 02:46 PM

Awesome, I found a calculator but I needed it for a spreadsheet. Thank you!

Performify · #5 04-11-2007, 09:47 PM

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.