A European Price Sport Bet is similar to a Money Line Sport Bet. These are usually displayed in decimal format and use two formulas to calculate payouts.

European Price above 1.0
(Wager Amount) x (European Price) = Total Payout

European Price below 1.0
(Wager Amount) x (European Price) + Wager Amount = Total Payout

Conversion

Here is the conversion formula for European Prices.

Use this formula if the Money Line has a minus sign "-".

European Price = (100 / (Money Line * -1)) + 1

Use this formula if the Money Line has a plus sign "+".

European Price = (Money Line / 100) + 1

The following table displays conversions of Money Lines to European Prices.

Note: European Prices do not always convert evenly into Money Lines since Money Lines are based on whole numbers.

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Tipster's Corner by James Rodes

Just by flipping a coin, sports bettors will be right 50% of the time. At odds of 10/11, only 52.4% of the sports bettors' wagers have to win for them to overcome the bookmaker's profit and break even, so they only need a very small edge to become a winner.

Here's the low down on the different types of online sport bets:

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