Sports: Straight Bet
The calculator will calculate the house edge for an event that has only two potential outcomes, called a”.” Whether it’s a spread against the spread, money line, or complete, if there are just two possible outcomes, then you can use this calculator. Just enter the line on each outcome, click”calculate,” and the calculator will tell you the house edge, assuming both sides have the same house advantage.
The calculator defaults to American chances (for example -110, +120). The alternative is European odds, which can be expressed on a”for one” foundation (for example 1.9091, 2.2000).
Of course, I’m not asserting that both sides have the house advantage. This is more of a tool. For example, if a money lines on a are +300 and -450 afterward the balanced house edge would be 6.38%.
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