Understanding Nhl Betting Lines
NHL Betting Tip: Find outhow much NHL parlays payout by using Scores and Odds’ parlay calculator. Live NHL Betting (in-game) – Live betting, or in-game wagering, occurs after a game starts. Sportsbooks update moneylines, puck lines and the Over/Under in real-time, dependent on how the game is going. Betting on Hockey Before a person can start to bet the NHL, it's important they have a solid understanding of the money line. The money line is the most common method of betting the NHL, although there is also a puck line, which will be discussed a bit later, as well as totals. Las Vegas Sports Betting provide live daily NHL Hockey Odds located below, those lines are constantly updated throughout the day all best Hockey Odds & Betting Lines for NHL. Need a Sportsbook to place your NHL Hockey Bet? Try one of our recommended Sportsbooks, MyBookie Free $1,000 or Bovada $500 Welcome Bonus.
NHL MONEYLINE EXPLAINED:
The moneyline bet is the most common wager in baseball betting. Hockey, like baseball and soccer, is a “moneyline sport” as opposed to a “spread sport” (like football or basketball). That means that hockey bettors are generally just betting on the team that they think is going to win rather than betting on a team to cover a particular point spread.
The favorite in a game has a negative moneyline (example: -150). The underdog has a positive moneyline (example: +135). The odds represent the payouts on a $100 wager. So for a favorite at -150 the bettor would wager $150 to win $100. For an underdog at +135 the bettor would wager $100 to win $135.
Again, hockey bettors are simply trying to pick which team will win the game. The moneyline is the agreed upon payout of the wager.
NHL PUCK LINES EXPLAINED:
The puck line functions like the point spread in sports like football or basketball. The puck line in hockey is 1.5. That means that if you bet on the favorite (-1.5) you are betting on that team to win the hockey game by two goals or more. If you bet the underdog on the puck line (+1.5) you are wagering that your side is either going to win outright or lose by just a single goal.
There are two parts to a puck line wager. The first is the actual puck line (+1.5/-1.5) and the second is the moneyline value associated with which side of the puck line you take. For instance, a bet of -1.5, +120 means that if you wager on the favorite (-1.5) your $100 wager would result in a +$120 win.
The purpose of betting on the puck line is to get adjusted odds in your favor. If a team is a moneyline favorite of -200 that might be too much to wager on. However, if you bet on that team at -1.5, +120 you are wagering that your team will win by two or more goals and in return getting a more favorable payout (+120).
Slightly more than half (between 54 and 58 percent) of all NHL games are decided by one goal.
NHL TOTALS or OVER/UNDER EXPLAINED
Understanding Mlb Betting Lines
NHL totals are a bet on the total combined number of goals that both teams will score in a given game.
You can bet totals ‘over’ or ‘under’. If you are betting ‘over’ then you are betting that the combined number of goals from the teams will exceed the posted total. If the posted total is 5.5 and you bet ‘over’ then you wagering that six or more goals will be scored. If you are betting ‘under’ 5.5 then you are hoping for five or fewer combined goals to be scored.
All goals scored in overtime count towards the totals wager. In the regular season, shootout goals following overtime do not count toward the total.
NHL FUTURES EXPLAINED
Understanding Nfl Betting Lines
NHL Futures are wagers on eventual results regarding certain teams. For example, a Stanley Cup futures wager is a bet on which team will win the Stanley Cup in June. Other types of NHL futures wagers can involve the number of wins or points that a team accrues during the season, betting on which team wins the division, or betting on which team wins the conference title.
The odds on futures wagers are generally expressed similar to a moneyline. For example, the Rangers could be posted at +1500 to win the Stanley Cup. That means that a $100 wager that proved correct would yield $1,500.
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If you’re just getting started in NHL betting, or even if you’re just trying online betting for the first time, the first thing you have to do is learn how to read betting lines in hockey.
Most people think predicting who will win the game is the most important thing for making winning NHL betting picks. That’s obviously important, but the most important thing is to be able to figure out whether the odds on a bet are right.
Roulette makes money for the casino because there are 38 possible outcomes on the wheel (1-36, plus 0 and 00) but they only pay you 35:1 if you win. The odds payout is not as good as what it should be. If you could play roulette with 40:1 odds, the odds would be in your favour and you’d win lots of money over time.
So how do you figure out whether the odds are in your favour or not?
We’ll explain.
How Do Odds Work?
Betting odds tell you how much you can win on a bet, compared to how much you have to risk.
They also indicate what the oddsmakers are saying each team’s chances are. If the payout on bet is triple your money, it basically says there’s a 1 in 3 chance that team wins.
There are three different types of NHL betting odds: Decimal, Fraction and American. Most sportsbooks allow you to choose one in your preferences, so try them out and pick the one that works best for you.
Here’s three different ways to read betting lines in hockey:
Decimal NHL Betting Odds
If you’re Canadian, decimal odds probably look familiar. They’re the same NHL betting odds used by Proline, Mise-O-Jeu, Sports Action and other provincial sports lotteries.
To figure out what decimal betting odds are paying you, multiply them by what you want to bet. That would equal what your bet would pay.
If the Blue Jackets are 2.65 on the NHL decimal odds, you would be paid $265($100 x 2.65).
The tricky thing about decimal odds (and it’s probably why Proline uses them, those sneaky buggers) is that the payout includes your original bet. So on that Blue Jackets bet, you aren’t actually winning $265. You’re getting $265 back, but that includes your original $100 bet. You’re really profiting $165, not $265. Just make sure you keep that in mind.
Fraction NHL betting odds
The fraction odds are a lot easier to understand.
The fraction shows the amount you can win, divided by the amount you would have to risk.
Since they’re fractions, these odds are usually used for big paying odds like Stanley Cup futures. If the Red Wings are 10/1 to win the Stanley Cup, it means you can win $100 for every $10 risked. If the Penguins are 15/2 on the Stanley Cup betting odds, that divides down to 7.5/1, so that equals $75 for every $10 risked.
Fraction odds are a pain in the ass for small paying odds like a NHL game that has a small favourite. The Islanders are 20/39 in this example against the Blue Jackets, which breaks down to close to than $1/2, but not exactly. We don’t like having to do that much math, so we prefer either decimal odds or American odds.
What are American odds, you ask?
American NHL betting odds
American odds can be a little confusing when you’re first learning how to read betting lines in hockey, but they’re our personal favourite and most other people prefer them too.
American odds shows you what you’d have to risk to win $100 on a favourite, and what you’d win on a $100 bet on an underdog.
A minus sign in front of the odds means it’s a favourite, and the plus sign means it’s an underdog.
Explain Nhl Betting Odds
In this example, the Blue Jackets are +165 and the Islanders are -195. That means you’d win $165 on a $100 bet on the underdog Blue Jackets, and you’d have to risk $195 to win $100 on the favoured Islanders.
By the way, if you’re wondering why they don’t both pay the same (one +165, one -165), that’s because of the sportsbook juice. If you bet the Blue Jackets +165, I bet the Islanders -195 and the Blue Jackets win, the sportsbook will give you $165 of the $195 I gave them, and pocket $30 for themselves.
(Pinnacle Sports is a reduced juice sportsbook so they’d probably just pocket $10 or $15 for themselves. That’s why they’re such a good place to bet NHL.)