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 |
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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