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EUROPEAN PRICES BET
by: Jason Hale

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)

Manchester City

$20

2.40

$48

Manchester City

$100

2.40

$240

Arsenal

$20

0.60

$32

Arsenal

100

0.60

$160


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.

Money Line

European Price

Payout per $100 Bet (+ bet amt)

+140

2.40

$240

-200

150

$150

+160

2.60

$260


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



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