Making a bet based on the European Price system is similar to making a Money Line Bet. European prices 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.
