NHL 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.
Understanding NHL Betting Odds
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.
Types of Betting & Examples
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 |
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 |
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 |
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 |
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 |
- NHL 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.
- Example: Connor McDavid will score the most goals in the NHL in 2022-23.
NHL Odds FAQs
How Are Sports Wagering Odds Calculated?
How Do I Interpret Sports Wagering Odds?
Is There a Difference in the Odds Based on the Sport?
What’s the Use in Knowing the Odds in Sports Betting?
