European Prices Bet is similar to Money Line Bet. These are usually displayed in decimal format and use two formulas to calculate payouts.
European Prices above 1.0
(Wager Amount) x (European Price) = Total Payout
European Prices below 1.0
(Wager Amount) x (European Price) + Wager Amount = Total Payout
For example, the bettor bets $100 on Manchester City 2.40 to beat Arsenal 0.60. If Manchester City wins, he wins $240. His friend bets $100 on Arsenal. If Arsenal wins, his friend wins $160. The following table displays the results of four different winning European Price bets.
|Winner||Bet Amount||European Price||Payout (+bet amt)|
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.
|Money Line||European Price||Payout per $100 Bet (+ bet amt)|
Note: European Prices do not always convert evenly into Money Lines since Money Lines are based on whole numbers.