The gaming system and method includes a symbol type conversion. The gaming system includes a set of reels, where the reels are each associated with a plurality of symbols from a set of symbols. During a game play, the gaming system randomly generates a plurality of symbols from the set of symbols for the reels. Each symbol is associated with a symbol type. The gaming system randomly selects a first symbol from the set of symbols associated with a first type of symbol. The first symbol may convert to a second symbol associated with a second symbol type, based on a symbol conversion mapping. In some embodiments, if the conversion results in a player benefit, the gaming system replaces at least one displayed first symbol with a display of the second symbol on the reels. The gaming system analyzes the displayed symbols for winning symbol combinations for player awards.