How To Convert Odds – Step By Step
There are three basic steps to converting odds
1. Understand the chances format by answering the question: Why are the odds that you want to convert Fractional Decimal or American?
2. Convert the odds for their implied probability.
3. Convert the probability to your odds format.
By way of example,”Decimal Odds” of 3.00 has an implied probability of 33.3percent which can subsequently be converted to fractional odds of 2/1.
This report discusses this process of odds conversion in detail with using step by step real world examples. The video below presents a fantastic introduction and overview, if you are completely new to odds and probability.