European Price Wager
A European Price wager is similar to a Money Line wager. These wagers 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 |
A Futures wager is based on the outcome of events that happen each year. All wagers are final. There will be no payouts until the conclusion of the specified season.
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.