![]() For example, if a money lines on a are +300 and -450 then the balanced house edge would be 6.38%.įor bets with more than two or more possible outcomes, please see my futures calculator. Formulas for approximate estimate of teams goals in a match are as follows: Goals1 team1 attack (home average) + team2 defense (away. ![]() This is more of a tool to determine how much juice a casino takes out. The betting odds and probabilities calculation is based on the methods of mathematical statistics (see SPORTS and MATHEMATICS ), the basic random variables have the distribution of Poisson or Skellam. Of course, I'm not claiming that both sides always have the same house edge. The alternative is European odds, which are expressed on a "for one" basis (for example 1.9091, 2.2000). The calculator defaults to American odds (for example -110, +120). Just put in the line on each outcome, click "calculate," and the calculator will tell you the house edge, assuming both sides have the same house edge. Whether it be a spread against the spread, money line, or total, if there are only two possible outcomes, then you can use this calculator. The calculator will calculate the house edge for an event that has just two possible outcomes. On this page Sports: Straight Bet Introduction
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