A good NHL bettor knows the various types of bets available and how each of them works. Gone are the days where you could only place a wager on who would win the match. Most of the sportsbook platforms today offer several options when it comes to betting.
But before we talk about the different bet types available in the National Hockey League, we want you to understand something important. You don’t have to make all of these bets just because there are various types to choose from. You can start with only one kind of bet and then try others if you see an opportunity.
Also, a bet does not have to be complicated to be profitable. Anyone can be successful in NHL betting without trying the other ways to bet. Your success as a bettor relies on how you use your knowledge and make informed wagering decisions based on that.
With that said, let’s take a look at the various bets you can make in NHL lines today.
The most common and popular type of bet in NHL (National Hockey League) sports betting is the moneyline bet. This category of betting is where a person places a bet on who will win a game. You win the bet when the team you chose wins the match.
However, these moneyline bets have different payouts. Sportsbooks will pay bettors less money for making the right pick on an NHL team that is favored to win by oddsmakers. On the other hand, betting on the underdog will net you more money.
Just remember that this is just the rule of thumb. NHL lines can still change depending on how other people decide to bet.
What’s important is that bettors understand that the money they earn is based on the probability of a team winning. It’s not possible to get even money on all of the bets you make. Moneyline bets in the NHL operate the same way as in other major sports like in the NBA, NFL, MLB, NASCAR, UFC, and even in some esports.
PUCK LINE BETS
Sports betting on puck lines work the same as a moneyline. The main difference here is that a team has to win by more than 1.5 goals or lose by fewer than that.
Teams that are the favorite have to win by more than 1.5 goals in a puck line bet. Meanwhile, the underdog can lose the game by 1.5 goals or fewer and still win the wager made on them. The NHL odds for payout will be adjusted but not as much as a moneyline.
Check out this example below:
Let’s say the Tampa Bay Lightning has a matchup against the New York Rangers. The Lightning squad is considered the favorite sitting at -220 on the moneyline. The following puck line betting odds for this setup are as follows:
- Tampa Bay Lightning -1.5 (+133)
- New York Rangers +1.5 (-153)
Betting on the Lightning on the puck line will net you higher than even money. Since there are no half goals in the NHL, they need to win their match by at least two goals for you to win the bet.
Now that you know what a puck line bet looks like, we can compare its payouts with a moneyline bet to see how they differ.
Let’s say you bet $100 on the Lightning on the moneyline. If you win, you’d get $45.45 in profit. The team only has to win their game for you to win the bet.
On the other hand, betting on the Lightning via the puck line will get you a $133 in profit. However, the Lightning must win their match by at least two goals for your bet to win.
See the difference? You’ll be getting way more money when you bet on favorites with a puck line. The only catch is that your team has to win equal or more than the set amount of goals.
Making a puck line bet is great if you believe a team will win decisively. If you think they are just going to squeak past a win, then you’re better off going the moneyline.
If you decide to bet on the underdog Rangers and the total scores are Lightning 2 and Rangers 1, then you win the bet. The +1.5 just means that your sportsbook is spotting you this amount of goals. Winning the game or losing by only one point spread still makes you the winner. The only time you’d lose is when the Rangers lose by two or more goals.
An over/under in the NHL is a wager on whether or not a team can achieve a certain amount of total goals. In other sports betting categories, this designated number can change, yet the payout odds remain the same.
In the NHL, this over/under line will always be 5.5 goals, with the payout betting odds shifting to accommodate line changes.
Take for example the over/under odds for the Edmonton Oilers and the Montreal Canadiens are as follows:
- Over 5.5 (-107)
- Under 5.5 (+100)
As you can see, each total is presented as half goal numbers, which is done to prevent ties. If there’s a good chance that more goals are going to be scored in the match, the payout odds will scale to pay better for those betting on the under. If fewer, the odds will change to pay more for the over. The over/under number will always stay at 5.5.
To win in this kind of bet, the bettor must precisely predict the total number of goals in a game for the two teams. It doesn’t matter if one side wins, goalies score all of the goals, or if both teams score. What matters is the total number of goals that are scored.
If you choose the right side, then you win the bet.
This is a proposition bet with a wager included. If you bet that a friend won’t be able to finish their drink in 10 seconds, then you’ve made a prop bet. Prop bets, just like parlay bets, are quite fun and can also be a source of profit when done right.
There are plenty of prop betting options sportsbooks offer on NHL games. In fact, there are two categories for it – skilled and unskilled.
In skilled prop bets, these are bets that let you use your knowledge on stats and experience to improve your chances of winning. On the other hand, unskilled prop bets are pretty much just left up to chance. It doesn’t matter how informed you are, the chances of choosing a winning side won’t change.
If you want to be profitable, you might want to stick to skilled prop bets. The unskilled prop bets are more for fun than for gaining money.
Keep in mind that sportsbooks won’t tell you the difference between a skilled and unskilled prop bet. You will have to figure this one out for yourself.
There are different kinds of prop bets. The options you can choose from will depend on the sportsbook site you’re with and what they decide to offer for each match.
One example of a popular unskilled prop bet in the NHL is which team gets to score first. With this kind of bet, the only thing that matters is which team gets to put the puck in the net first.
An example of a skilled prop bet would be betting on the team that gets the most goals in a certain period. Some squads like to take it slow on ice time while others try to go for the power play as soon as possible. Knowing which NHL lineups like doing what can help you make an informed decision when placing this kind of bet.
This type of bet is where you place a wager as early as the start of the season or playoffs to wager on their outcomes. The payouts for future bets can be very lucrative as they are not easy to get right.
At the beginning of the season, can you already tell which team is going to win the Stanley Cup? If yes, then you stand to gain a lot of cash through NHL hockey futures betting.
What makes future bets awesome is that you aren’t limited to just the start of a season or playoff. Many sportsbooks let you put future bets at any time throughout the season.
The main difference is that the betting lines are going to change to show which team has the highest chance to win the Stanley Cup. A team that has a hot streak will have a lower payout due to being the favorite by oddsmakers to win the Cup.
Below is an example of how an NHL futures betting list would look like:
- Washington Capitals: +350
- Florida Panthers: +500
- Minnesota Wild: +700
- Chicago Blackhawks: +700
- Colorado Avalanche: +800
- Carolina Hurricanes: +900
- Anaheim Ducks: +900
- Detroit Red Wings: +1100
- Pittsburgh Penguins: +1400
- San Jose Sharks: +1400
- New Jersey Devils: +1500
- Philadelphia Flyers: +1800
- Calgary Flames: +1800
- Toronto Maple Leafs: +1800
- St. Louis Blues: +1900
- Nashville Predators: +2000
- Ottawa Senators: + 2000
- Vancouver Canucks: +2500
- Buffalo Sabres: +2700
- Columbus Blue Jackets: +3000
- Dallas Stars: +4000
- Los Angeles Kings: +8000
- Winnipeg Jets: +30000
- Boston Bruins: +35000
One crucial thing to remember in futures bets is its impact on your available funds. You see, you can’t access any of your winnings until the end of the season if you do win a futures bet. This should be pretty straightforward since you’ll be betting on an outcome that may or may not happen by the end of the playoffs.
Adding futures betting to your arsenal is a big deal as the payout for it can be hefty if you choose right. Even better is that you can bet on several other teams if you wish. With the increased payouts, you can still come out profitable so long as the team you pick wins the Stanley Cup.
Betting on NHL odds and lines can be super fun and lucrative as long as you know what you’re doing. Whether you want to become a professional bettor or just want to be entertained, the information we’ve provided should make you familiar enough about betting in the NHL.
If this is your first time learning about all these, don’t be overwhelmed. Take time to re-read any sections and absorb as much knowledge as you can. You can even hit up a betting podcast to learn how the pros do it. The more you understand how NHL betting works, the more successful you can be.