Though, it may be considered fourth amongst the four major sports in the United States, when it comes to sports bettors, the NHL does quite well as it provides for bettors a hotbed to fulfill your gambling needs with plenty of games to choose from on any given night.
If you are new to the sport of hockey and interested in laying down some action in what is regarded not only a quick, action-packed sport but also just as physical as football, it is important to understand the different ways to wager on the NHL so that you are getting a healthy return on your investment and what to look for when it comes to value with a sportsbook.
Here is a brief look at the NHL Odds Legend:
Considered the most popular way to bet on hockey, the moneyline (ML) is used versus the point spread which is associated with the NFL and NBA because in the game of hockey, most games are low scoring. So what does this mean for you as a bettor? Just pick the team you think will win the game straight-up with no spread or over/under involved.
When looking to bet on your favorite team to win the game, it’s important to look for the value associated with each team; a positive value such as (+140) is given to the underdog, while a negative value such as (-170) is given to the favorites.
For betting purposes where a $100 bet is placed… a +140 wager will give you a return of $140, while you will need to risk $170 to win $100. The bigger the underdog, the greater the reward on a win. The bigger the favorite, the smaller the reward on a win.
Also known as the Canadian Line, the puckline is a mix between the moneyline and point spread. Similar to the runline in baseball, the favorite has to win the game by two or more goals to give you a winning bet. Example: A team that has negative value such as -1.5 is the favorite and must win the game by at least two goals to produce a winning wager. A team that has a positive value such as +1.5 is the underdog but the great thing about this wager is the underdog can lose a game 4-3 but still produce a winning bet as they were given a 1.5 goal lead before the game even started!
Important to note the moneyline value with the puckline for each team as it will determine the risk and profit involved in the game and whether is gives you a good value when betting. Remember a negative value such as (-170) is placed on the favorite; $170 to win $100, while a positive bet (+150) will net you a $150 profit on a $100 bet if choosing the underdog.
Or TOTAL is a number that is set by the oddsmakers and in the game of hockey, 5 or 5.5 is often the over/under totals on a game but have seen it as high as 6. This is perhaps my favorite way to bet on the NHL because all that is needed is to decide whether the game will go over or under on the totals associated with that game. Example: on a 5.5 over/under total on the game, an UNDER bet will be a winner on anything under five goals scored (3-1); an OVER will need to see anything above five goals scored (4-3). Again, it is important to note the moneyline value given on both the OVER and UNDER to see if the risk and reward is worth the gamble.
The NFL has the Super Bowl, MLB has the World Series and in the game of the hockey, the NHL has the Stanley Cup. This future can be bet on anytime during the course of the year on who you will think will hoist Lord Stanley’s Cup at season’s end. The futures on NHL teams will be a constant revolving line moved by the oddsmakers based on the strength of each team. While a heavy favorite to win it all may be only given +300 odds, a big underdog may see +7000 odds producing a huge payday for you if they are the last team standing. Of course keep in mind it’s important to be realistic on a underdogs chances of truly winning the Cup.
For all the best and most up-to-date odds on the NHL and more, visit each of the many sportsbooks here at Wonder Punter and good luck!