Convert Betting Odds To Probability

There are three kinds of odds you will come across in sports betting. They all reflect the same thing, the return you will receive on a given amount of money placed on a bet. Knowing how to convert betting odds can be very helpful.

Convert One Betting Odds Format To Another

To Convert One Odds Format To Another, we first need to convert any odds format to their implied probability. Once we have done this, the calculations are fairly straight forward.