Sports: Straight Bet

The calculator will calculate the house edge for an event which has just two possible outcomes, known as a”.” Whether it’s a spread from the spread, money line, or complete, in case there are just two possible results, then it’s possible to use this calculator. Just put in the line on each outcome, click”calculate,” and the calculator will tell you the house advantage, assuming either side have the same house edge.
The calculator defaults to American chances (for example -110, +120). The alternate is European chances, which can be expressed on a”for one” basis (for example 1.9091, 2.2000).
Obviously, I’m not claiming that both sides have exactly the identical house edge. This is much more of a tool. By way of example, if a cash lines on a are +300 and -450 then the balanced house edge would be 6.38 percent.

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