It is commonly used in basketball, baseball, hockey, and soccer. To calculate the potential payout from a moneyline bet, you need to understand how positive and negative moneyline odds work.

Positive Moneyline (underdog):

When the odds are positive, it shows the potential profit on a $100 bet. To calculate the potential payout, you can use the following formula:
Potential Profit = (Stake / 100) x Moneyline Odds
For example, if the odds for an underdog team are +200 and you bet $50, the potential profit would be:
Potential Profit = (50 / 100) x 200 = $100

Negative Moneyline (favorite):

When the odds are negative, it indicates the amount you must bet to win $100. To calculate the potential profit, you can use the following formula:
Profit = (Stake / Moneyline Odds) x 100
For example, if the odds for a favorite team are -150 and you bet $75, the