American odds are the standard odds format used in the United States – they use a plus sign ( + ) to indicate the underdog and a minus sign ( - ) to indicate the favorite.
The point spread (also called the Puckline or Canadian Line) is the handicap, or head start, that the linesmaker gives to the underdog. Rather than just winning outright, the favorite must win by more than the point spread ("cover the spread") for bets on the favorite to win.
Example: the Wings are the favorite and the Flames are the underdog.
The point spread is 1½ goals - meaning the Wings must win by at least 2 goals in order for a point spread wager on the Wings to win (the ½ goal ensures there will be no tied wagers).
The amount won is determined by the line or odds on the spread. ( +200 ) means a $100 point spread wager on the Wings will win $200. A wager on the underdog Flames means that $240 must be risked in order to win $100
The NHL is one of the most even professional sports leagues in the world and this makes betting on NHL games that much more exciting and profitable.
Because anyone can win on any given night the NHL betting odds actually pay out decent amounts, even when wagering on the favorite.
For this reason money line betting is the most popular form of NHL betting and sharp bettors can turn a decent profit by comparing odds at various online sportsbooks and betting on the right games. Check out our NHL betting strategy page for more information on becoming a winning NHL bettor.
When you make a moneyline wager, you're betting on the outright winner of the game, without taking the point spread into consideration. There are still favorites and underdogs, but instead of being handicapped or assisted by head starts, the competitors are given odds to win the game or event.
Using the same example above, the moneyline odds on the favorite Wings is -145. This means you must risk $145 to win $100. Conversely, a $100 wager on the underdog Flames will net you $125.
NHL Point Total Betting (Over/Under) – With this, you are wagering on how many “total” goals will be scored in this game. Most totals for the NHL are at 5 or 5.5. If you feel a particular game will be high scoring, than you would bet the “over”. If you feel the number is too high, and defense will win out, you would bet the “under”.
NHL Prop Bets - for big games, an example of a type of prop bet is “Who will score first goal?”
Propositions bets are additional betting opportunities offered on the game. They can cover a wide range of results and occurrences within the game e.g. team to score first, total shots on goal, total game saves, time of first score etc.Game must go at least 55 minutes for the following betting markets to have action, unless a team has already scored at the time the game is suspended. Overtime is included:
Regular season points/match-ups- team must complete at least 80 regular season games for bets to have action.Outright betting - Prices are offered on teams or players to be the outright winners of a given tournament or competition.
For example the Stanley Cup is the outright tournament in NHL.
Prices are offered for each team participating. Conference/division betting - Teams participating in an outright tournament may be grouped in conferences and/or divisions.
For example NHL is grouped into 2 conferences (Eastern and Western), each containing 3 divisions. Prices are offered for each participating team to win their respective division and conference.To win Division - team must complete at least 80 regular season games for bets to have action. (Ties are no action)
To win Conference - team must complete at least 80 regular season games for bets to have action. The team that progresses to the Stanley Cup will be deemed the winner of the Conference.
Straight hockey bets(side): When wagering on CHICAGO, Chicago must win the game for you to win your wager. When wagering on LOS ANGELES, Los Angeles must win to win the bet.
If the game goes to a shootout, the winning team of the shootout will have an extra goal added to their total.
FOR EXAMPLE: Using the teams above, should the game be tied 2-2 at the end of regulation, and then at the end of Overtime, the game will go to a shootout. If Los Angeles wins the shootout, the final score is 3-2, Los Angeles is the winner.
When betting on the total score of a game, you must take the OVER or the UNDER. Regardless of the outcome, the combined score of the two teams will determine if you win or lose your bet. Remember, overtime will always count towards the bet.
In the case of a shootout, the team winning the shootout will have an extra goal added to their total. Using the above example, the total score would be 5, and the OVER would be the winning bet.
Hockey Future Wagers, such as to win the Stanley Cup, will be graded as soon as the season is over.
The Grand Salami is practically an institution for hockey bettors. The Grand Salami allows hockey fans to have a rooting interest in every game being played on a particular day for the cost of one bet.
How the Grand Salami works is the sportsbooks will let bettors wager over or under the total number of goals scored in all of the games played on a particular day. If there are 10 games on a given day, the Grand Salami total will generally be around 53 to 60, depending on the particular games. Just as with regular totals, there will be times when bettors are risked to give higher odds on betting the over or the under.
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