Sports: Straight Bet
The calculator will calculate the house edge for an event that has just two potential 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. Simply enter the line on each outcome, click”calculate,” and the calculator will tell you the house advantage, assuming both sides have the same house advantage.
The calculator defaults to American odds (such as -110, +120). The alternate is European odds, which can be expressed on a”for one” basis (for example 1.9091, 2.2000).
Of course, I’m not claiming that both sides always have exactly the identical house edge. This is much more of a tool to ascertain how much juice that a casino chooses out. By way of example, if a cash lines on a are +300 and -450 afterward the balanced house edge would be 6.38%.
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