Odds are only a representation of something more important – probability. Getting a handle on how to derive decimal odds from probability is the first step in developing your own assessments of betting value.

In this video brought to you by our friends at Pinnacle Sports, we learn more about odds and how they represent probability and how you can calculate odds once you know the probability of an even occurring. Press play below to sharpen your betting today!

About The Author

Daniel is the founder, owner and editor of Sport Betting Insider. When he's not writing content for SBI you can usually find Daniel cheering for the Sydney Roosters, spending Sunday nights watching Daniel Ricciardo, wishing he owned a Baggy Green, or at Canberra Stadium.

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