A hockey fan who wants to start betting on the game should be familiar with the different ways to bet in the National Hockey League. In the US, NHL is only 4th when it comes to being the most popular sports and there are significantly lower betting limits in the National Hockey League compared to football or basketball. The general public may seem nonchalant to NHL and sportsbooks spend little time in creating NHL odds, but as a hockey fan, betting in NHL games is still a great form of entertainment.
As in any betting event, you should first have a solid understanding at how the process works. When it comes to the NHL, a bettor should be more than familiar with the money line, totals and the puck line.
The Money Line
Betmakers have various NHL betting offers. This betting method referred to as the Money Line, allows bettors to choose which team they think will win the game. Odds are set for each team and the favorite will pay out less than the underdog – which is the case in almost all sports betting.
Usually, sportsbooks use a 20-cent line that refers to the difference in the odds on the favorite versus the odds on the underdog. There are instances when the odds on a favorite will go over 20 cents.
Here is an example of NHL Odds:
The example shows that if Calgary wins and you bet $100, you will win $110. If Vancouver wins, you need to bet $130 to win $100. It is typical in all sports that there will be larger difference in odds.
The Puck Line
Betting on the winner of the game is the most popular way to bet on the NHL. But there is another way to bet on hockey and it is called the Puck Line. You will see similarities with this
betting method to baseball betting. It’s because in both sports, bettors can lay 1.5 goals with either the favorite or the underdog.
Let’s use the first set of examples above in explaining the puck line.
It would look like this:
Calgary +1.5 (-240)
Vancouver -1.5 (+200)
To explain the example further, let’s say you bet $240 on Calgary and they win – you get $100. If you bet $100 on Vancouver and the team wins, you win $200.
However, when we say ‘win’ it means winning under these conditions: if you bet on Calgary, you win the bet if the team wins the game or loses by one goal. Those who bet on Vancouver will win their wagers only when the team wins by two goals or more.
Over/Under and Totals
If you want to bet on the total number of goals scored in the hockey game, it’s called Totals. Take note, scores in hockey games are much lower than in football or baseball.
Totals can take on several different forms. Here’s what they often look like –
Detroit vs. Toronto over 5.5 (-110)
Detroit vs. Toronto under 5.5 (-110)
Referred to as “5.5-flat” it means -110 on both the over and the under. Here, bettors wage $110 to win $100 regardless if they bet the over or the under.
Detroit vs. Toronto over 5.5 (-135)
Detroit vs. Toronto under 5.5 (+115)
Referred to as “5.5-Over,” bettors who wish to wager on the over will have to risk $135 to win $100, while under bettors will risk $100 to win $115.
In over/under betting bettors bet over or under based on the set number of the total scored in the game. Betting over or under is used in a lot of sports. There are times the total is an even number like 6. There are also some instances where the total score of the game adds up to 6. If this happens, all bets would be cancelled and refunded.
The Grand Salami
Hockey fans can also bet in every game being played. In this method of betting, you can place wagers over/under the total number of goals scored in all of the hockey games played in a specific date.
It’s called ‘grand salami’ because you basically bet on all the games that will happen on a certain day. Should there be 10 games in a certain date, the Grand Salami total usually is around 53 to 60.
Prop Betting for NHL Hockey
Prop betting on the NHL is a method of betting that can include anything except for the final score of any game. When we say ‘anything’ we mean you can bet on a player’s performance, scores during the period, which team scores first and so on. You can even place bets on who you think will win the Stanley Cup.
Prop betting is actually popular during the NHL Playoffs.
In a Nutshell
If you want to start betting on the National Hockey League online, you should consider opening accounts with various sportsbooks. There are plenty of choices online and most offer various new member promos and deals. Take advantage of them and have fun betting on your favorite sports and events.