The Way to Convert Odds – Step By Step
There are three basic steps to converting odds
1. Know the chances format by simply answering the question: Are the odds that you wish to convert Fractional, Decimal or American?
2. Convert the odds for their probability.
3. Convert the implied probability to your odds format.
For example,”Decimal Odds” of 3.00 has an implied probability of 33.3% which can then be converted to fractional odds of 2/1.
This article discusses this process of odds conversion in detail with the use of step. The movie below presents a great introduction and overview if you are completely new to implied probability and betting odds.