How to read decimal odds in hockey betting?

Question

In hockey betting, odds are of different types. I am having difficulty in reading decimal odds. Can you help me know how to read decimal odds in hockey betting?

Answer 1

Decimal odds in hockey betting are displayed like this: 2.60. In decimal odds, the original wager, plus profit is used in the equation. ‘Even money’ ($1 bet = $1 profit) in money line odds is equal to 2.00.

An underdog is always displayed with a number higher than 2.00. For example, a 3.00 is equal to a +200 money line, or 2/1 fractional odds.

Favorites have numbers lower than 2.00. So, a 1.60 would pay out $.60 for every $1 wagered. If you bet $100 on a team with 1.60 odds, you’d get a total return of $160.