NHL Odds

NHL Betting Lines

Understanding NHL Betting Odds

Anyone interested in 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 will win if it is.

Even if betting odds 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 given betting odds.

  • Point Spreads

The spread betting option in NHL betting is 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.

  • Moneyline

With moneyline betting, 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.

  • Parlays

A parlay 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.

  • Totals

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. Bettors stake on whether the actual score will be higher or lower than the number established by the oddsmakers.

  • 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.

  • Futures

Futures bets are wagers on future events such as who will win the championship or be named MVP. The outcome of these wagers is determined by betting on the long-term results of a season.

Bookmakers adjust NHL future odds as the season progresses based on game results, injuries, trades, and the amount of money bet on individual teams or events, such as when users bet on hockey. Those would include categories like odds to win the conference or odds to win the Stanley Cup. Consequently, regardless of the game’s results, there is no way to amend or cancel a futures bet after it has been placed.

Examples of NHL Betting Odds

  • Moneyline: On Sunday, the Maple Leafs will defeat the Edmonton Oilers in their NHL game.

  • Point Spread: The Bruins will cover the +1.5 puck line against the Canadiens in game one of the Stanley Cup finals.

  • Parlay: 1) The Canadiens will win their game against the Rangers, 2) The Rangers will cover the spread, 3) The total will go over 3 goals.

  • Futures: Connor McDavid will score the most goals in the NHL in 2022-23.

  • Teasers: 1) Huberdeau will be the top scorer against the Canadiens, 2) The Panthers will win by at least five points and consequently cover the spread against the Canadiens.

  • Totals: In their Wednesday night matchup, the Maple Leafs and Sharks will score OVER the total predicted goals in the game.

Betting Odds Guide FAQs

How are sports wagering odds calculated?

Bookmakers have dedicated teams that generate betting odds for each event individually. Most are influenced by Vegas odds, however.

How do I interpret sports wagering odds?

Each odds variant is interpreted differently. Consult the above guide and the internet for more information.

Is there a difference in the odds based on the sport?

In reality, the location of the intended audience will have some bearing on this decision.

What's the use in knowing the odds in sports betting?

It will help you understand lines better, identify value, and make better overall choices.
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