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Prices
Prices are equivalent to Money Line wagers,
but use a decimal format to display odds. The decimal format is usually
only used in Soccer (European Football) contests.
The following formulas can be used to calculate estimated payouts:
Negative Money Lines (eg.-110): (1 + (100/110))
= Decimal price
Positive Money Lines (eg.+120): (1 + (250/100))
= Decimal price
- Any Money Line price can be used in the above formulas.
- Germany is 2.40 to beat Spain 1.60. You wager $100
on Germany. If Germany wins you win $140.
The following table shows the Money Line, its equivalent Price, and the
payout for four different winning wagers based on the above-mentioned
prices.
| Winning Team |
Wager |
Money Line |
Price |
Payout (including
intial wager) |
Germany |
$20 |
+140 |
2.40 |
$48 |
Germany |
$100 |
+140 |
2.40 |
$240 |
Spain |
$20 |
-170 |
1.60 |
$32 |
Spain |
$100 |
-170 |
1.60 |
$160 |
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