Identify the total number of possible outcomes
Identify the number of favorable outcomes
Write the odds as favorable outcomes to unfavorable outcomes
Calculate unfavorable outcomes by subtracting favorable outcomes from total outcomes
Express odds as favorable outcomes : unfavorable outcomes
For probability, divide favorable outcomes by total outcomes
For percentage, multiply probability by 100
For simple odds, reduce the ratio to lowest terms
For multiple events, multiply probabilities if events are independent
For conditional odds, update the total based on the given condition