NHL Odds

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Understanding NHL Betting Odds

Anyone interested in NHL public betting should understand how to read and calculate the NHL odds. The odds decide whether or not your wager will be successful, and how much money you’ll win if it is.

Even if hockey betting lines seem confusing at first look, understanding how to read and comprehend them will guarantee that you know how they work and make more informed judgments when wagering money online.

How Do NHL Odds Work?

Bookmakers use betting odds to indicate their view on the likelihood of a particular event or set of circumstances. In the United Kingdom and other areas of Europe, these odds are commonly expressed as a fraction (2/1) or a decimal (3.0).

When a number has a plus or minus sign in front of it, a moneyline or American method is a more usual alternative. Whether from horse racing and football, any event on which bookmakers take bets is provided with betting odds.

Learn more about How to Bet on Sports

Types of Betting & Examples

Moneyline

Point Spread & Puck Line

Total (Over & Under)

Parlay

Teasers

Futures

Moneyline

With NHL moneyline picks, all you have to do is choose which side you believe will win. For newcomers to sports betting, it is a great place to start.

Team	Moneyline
Montreal Canadiens	+180
Toronto Maple Leafs	-150

Point Spread & Puck Line

The NHL point spread predictions are also called the puck line. It is always either -1.5 for the favorite or +1.5 for the underdog for every game listed since hockey is such a low-scoring game.

Team	Puckline
Boston Bruins	+1.5
Montreal Canadiens	-1.5

Total (Over & Under)

The total is a bet on the total score (sometimes known as an over/under bet) of both teams combined at the end of the game. The Bettors stake on whether the actual score will be higher or lower than the number established by the oddsmakers, be sure to check the NHL over under predictions.

Team	Total
Toronto Maple Leafs	-1.5 O/U 5
San Jose Sharks	+1.5

Parlay

The NHL parlay betting is when you put a wager that combines all of the outcomes of multiple individual bets simultaneously. The player must be correct on all legs to win on any parlay.

This implies you have a lower chance of winning. In addition, parlay wagers generate a large amount of cash for bookmakers each month.

Team	Total
Montreal Canadiens	-1.5 O/U 5
New York Rangers	+1.5

Teasers

Teaser bets are a kind of parlay that is popular in sports betting. To increase the chances of winning, the point spread is changed. As a result, the sportsbook minimizes the earnings a user will get in a successful situation to increase their profitability.

The six-point, two-team teaser is one of the most popular. Bettors may modify the point spreads on both games, but they will get a lower payment if the wager wins.

Team	Total
Tampa Bay Lightning	-5
Florida Panthers	+5

Futures

NHL Odds FAQs

What are NHL odds and how do they work?

NHL odds represent the probabilities assigned to different outcomes of a hockey game, such as which team will win, whether the game will go into overtime, or the total number of goals scored. Odds are expressed in various formats (decimal, fractional, or moneyline) and indicate the potential payout for a successful bet.

How are NHL moneyline odds interpreted?

NHL moneyline odds indicate the potential profit from a $100 wager on a specific outcome. A positive number (e.g., +150) means you could win that amount on a $100 bet. A negative number (e.g., -120) indicates the amount you need to bet to win $100.

What are NHL puck line odds?

NHL puck line odds involve betting on a point spread, usually set at 1.5 goals. The favorite team needs to win by more than 1.5 goals, while the underdog can lose by up to 1 goal and still cover the spread. Puck line odds combine the moneyline and point spread concepts.

How are NHL over/under (total) odds calculated?

NHL over/under odds, also known as totals, predict whether the combined score of both teams will be higher (over) or lower (under) than the set total. Bettors predict if the total goals will exceed or fall short of the specified number.

Can NHL odds change before a game starts?

Yes, NHL odds can change due to factors such as team news, injuries, betting volume, and the balance of bets on each outcome. Odds can shift in real-time leading up to the game, reflecting new information and the market’s sentiment.

What is implied probability, and how is it related to NHL odds?

Implied probability is the likelihood of an event occurring based on the odds. It’s calculated by dividing 100 by the odds in decimal format. For example, decimal odds of 2.00 imply a 50% chance of the event happening.