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How can I convert a percentage into odds for a specific cryptocurrency?

avatarNicolás ValenzuelaDec 15, 2021 · 3 years ago1 answers

I'm trying to understand how to convert a given percentage into odds for a specific cryptocurrency. Can someone explain the process to me?

How can I convert a percentage into odds for a specific cryptocurrency?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    Converting a percentage into odds for a specific cryptocurrency is a common task for traders and investors. To convert a percentage into odds, you first need to convert the percentage into a decimal by dividing it by 100. For example, if the percentage is 80%, divide 80 by 100 to get 0.8. Next, subtract the decimal from 1 to get the odds. In this case, the odds would be 1 - 0.8 = 0.2. Finally, you can express the odds as a ratio or a fraction. So, the odds for an 80% percentage would be 1:4 or 1/4. I hope this explanation helps! If you have any more questions, feel free to ask.