If you are new to the famous team sport on ice, these betting options will help you understand how to place wagers on your favorite team events. Some of the most popular betting types are listed below:
Money line Bets (Straight Win)
Money line bets are very common in National Hockey League events. To place a money line bet, simply select the team you think would win the match. If your prediction is correct, your winning depends on the amount you stake and the odds of that outcome.
If the odds of Team A are -150 and that of Team B is +120, then Team A is the favorite to win the game. You get a total of $166.66 if you wager on Team A – your initial $100 alongside your winnings of $66.66. Betting on Team B would give a total of $220 – your $100 stake and the $120 prize. This is why betting on the underdog is more rewarding than wagering on the favorites.
Puck line bets are similar to spread bets in football. Playing a puck line bet means giving the favorite a disadvantage of 1.5 goals and the underdog a 1.5-goal advantage. This means that the favorite team must win with a minimum of two goals, or the underdog wins or loses by two goals or more.
You cannot edit puck lines; they are always set at 1.5 irrespective of the teams playing.
60 Minute Line
Bettors can wager on which team wins after three-20 minutes period. A sixty-minute or “regular time” line can be a win or a tie bet. These bets are usually hard to win, but they offer better odds than money line bets.
Be careful when placing regular-time bets; you can lose the bet if you wager on a team to win and the game ends in a tie.
The best NHL sportsbooks allow bettors to play multiple bets by combining two or more bets into a single bet with a massive payout. Parlay bets are a good opportunity to win big, but every bet you place must win; else, you lose the entire bet.
You can predict the final score of a hockey game. There are various final score options on the best sports betting sites. Since hockey is not a high-scoring game, you would find options like 1-0, 2-1, 3-2, 0-2, and so on.
The payout odds for NHL games are usually high because it is pretty difficult to select the exact score of a hockey game. You find the corresponding odds for each correct score; all you need is to pick an option.
Double chance bets allow you to cover two of three possible events after an hour of gameplay. Betting on “Team A and Tie” means you win every outcome except Team B wins and vice-versa. “Team A or Team B” means you win every betting outcome except a tie.
Most bettors prefer double chance bets because they offer more winning options than single outcome bets but with lesser odds.
You can place high-reward long-term bets on various National Hockey League events. You can wager on who would win the Stanley Cup the next season, the total number of season wins, etc. Betting odds for futures are usually higher at the start of the tournament and reduce as more teams are eliminated.
Although the potential winnings are high, there is usually little information at the beginning of the season. We recommend that you wager an amount you can afford to lose; every place you place on Stanley Cup futures is locked until you win or lose the bet.
Grand Salami bets are similar to total goals bet; while total goals bet is for the expected number of goals for a single game, the Grand Salami covers the total number of goals of all the games played on a particular day. If ten NHL games are scheduled on a specific day, the sportsbook can set the Grand Salami total at 40.5 goals. All you need to do is predict if the total amount of goals scored that day would be less than or more than 40.5.
This is a bet on the total number of goals both teams would score during the game. The sportsbook sets the total number, and you predict whether the total goals will be higher or lower than the amount.
Bettors can place prop bets by predicting specific events that would occur during the game rather than on the result of the game itself. Prop bets can vary from individual player to team performances. You can wager on the first team to score, the team that would win the opening faceoff, the number of shots or attempts at goal a player would have, the score at the end of each period, etc.
Tips and Strategies for Betting on the NHL
There is much more to NHL betting than just placing wagers on your favorite teams. You should be acquainted with certain tips and strategies to improve your career as a bettor on hockey games.
Have an aim
Different online NHL betting sites offer various services. Some offer a wide range of betting markets, bonuses, odds, etc. The first thing to do is list out the most important aspects and compare them to the available options.
Utilize online bets
For example, the odds for an NHL game in Betway might differ from BetMGM sportsbook. In events like this, we recommend comparing your bets on various NHL sports betting sites to get the best odds and potential payouts. One good way to utilize these online bets is by opening sports betting account with different trusted NHL sportsbooks.
Create time to read through the terms and conditions of bonuses and rewards before accepting them. Although bonuses are very useful for every online bettor, some have outrageous wagering requirements. You might see it as free money, but some NHL sportsbooks still take advantage of these bonuses. It would be best to understand everything so you get the best from your National Hockey League bonuses when betting.