How to bet on NHL odds | NHL betting explained

Commercial Content. 21+. T&Cs Apply
NHL betting
If you like watching hockey, NHL betting is one way to add more interest to the game. (Photo by Shutterstock. Play responsibly, only if in NJ and 21+.)

NHL betting is one exciting way to get more out of the hockey season. However, it can be complicated and confusing to figure out the mechanics of being a successful bettor. In this simple guide, you will discover simple but proven NHL odds betting tips. While NHL moneylines are straightforward bets, parlays can be a bit more complex. 

Deposit $50, Bet With $150
Deposit $50, bet with $150
New Customers in NJ! 21+.Use PointsBet promo code to join this online betting platform you can get the PointsBet sign-up bonus. With the code, when you make a deposit of $50 you will get $100 free to place your bet. Full T&C Apply.

NHL betting

On most sportsbooks, the moneyline bets and the over/under bets are the first bets you will encounter. As you learn how to bet on the NHL, start with these types of bets because you only need to wager on the result of one game.

Once you can fully comprehend the structure and operation of single-game bets, you have the basics of reading and understanding the whole NHL odds. Therefore, you can earn from the massive money pool of online NHL betting.

NHL moneyline

This is the most straightforward NHL bet. You are merely betting on who wins the game. There are no hidden clauses; victory is the only importance.

Florida Panthers spread: +1.5 (-110) Moneyline +165 Total 5.5 (-110) u

Toronto Maple Leafs spread: -1.5 (-110) Moneyline -200 Total 5.5 (-110) o

The underdog is the team with the “+” next to its moneyline number. The favorite is the team with “-” next to its moneyline number. These figures signify your potential payout; they are also each team’s chances of winning the game as assigned by your sportsbook.

If two teams have the “-” sign next to them (happens sometimes), then, the favorite is the team whose number is further from zero. For example, -175 would be the favorite over -120. A positive moneyline is an indication of the amount you will win by placing a $100 bet, while a negative moneyline shows the minimum amount to wager before you can earn $100.

For example, if you desire to bet on a negative moneyline like the Toronto Maple Leafs (-200) in the instance above, you have to bet with $200 to win $100. In contrast, you can bet $100 on the Florida Panthers, and if they win the game, you earn $265 ($100 from your stake and $165 profit). 

NHL parlays

A parlay is a bet involving at least one specific event. This event can be across several games or within a single game. By parlaying on the results of several games, you can convince yourself that all your predictions will be accurate.

Florida Panthers spread: +1.5 (-110) Moneyline +165 Total 5.5 (-110) u

Toronto Maple Leafs spread: -1.5 (-110) Moneyline -200 Total 5.5 (-110) o

Washington Capitals spread: +1.5 (-110) Moneyline +150 Total 5.5 (-110)

Tampa Bay Lightning spread: -1.5 (-110) Moneyline -175 Total 5.5 (-110) o

With parlays, you can bet on the Florida Panthers winning the game and that the total will be over 5.5. Assuming you desire to add another event to the stake, for example, the Lightning beating the Panthers, that’s also possible. You can increase your potential payout by increasing the constituent events in your parlay.

While you can enjoy a massive payout when you have the right parlay prediction, but you will incur a total loss when only three of four events or nine out of ten events are correct. Every single game in your parlay must be exact before you can win any payout. Thus, you can win lots of money using a relatively small wager. However, this is possible because it’s highly likely that your parlay will be wrong.

Parlays can be a combination of moneyline, puck line, or over/under bets from one game or several games. But most sportsbooks will never allow you to bet on the moneyline and the puck line of the same game. These sportsbooks do this to limit potential losses and protect their financial interests.

NHL betting 2
(Photo by Shutterstock)

NHL over/under odds

The over/under odds (also called the totals bet) is arguably the most popular among NHL odds. It is a number (usually 5.5) set by odds-makers, but bettors must predict whether both teams’ total goals in the game will be lesser or greater than 5.5. 

If you bet over, then you are predicting at least six goals. If you bet under, then you hope for less than five goals. The risk-reward amounts for selecting the over or under depends on the moneyline value linked to the 5.5. Example: 5.5, u-110 means total goals expected is 5.5, and for you to bet “under” the total, you must risk $110 (-110). Assuming the final score is 2-1, you profit $100 because the total is 3.

Using the figures above, an example of the OVER values is 5.5, o-110. Therefore, if the game produces at least six goals and you risk $100, you will make a profit of $110. 

NHL betting lines

Also called NHL prop bets or propositional betting, it involves placing a wager on particular events and players within a game. You can place bets on a specific player scoring a goal or not, who scores the first goal of the game, and other options as provided by the sportsbook. NHL lines are simple, yes/no tasks. You are wagering on the probability of an event occurring within a game.

Stanley Cup

The Stanley Cup is the annual champion’s cup won by the winner of the NHL playoffs. Previously known as the dominion hockey challenge cup, it was renamed the Stanley cup after Lord Stanley (then, governor-general of Canada) awarded the cup to the top-ranking ice hockey club in Canada. The Montreal hockey club were the first winners of the Stanley cup in 1893. Before 1906, league play and challenge games determine the winners of the Stanley cup. Though the NHL controls the trophy and its associated trademarks, it doesn’t own the cup. Instead, it uses an agreement between it and the two Canadian trustees of the cup.

Stanley Cup odds

It is typical for odds-makers to release their lines before the hockey season starts. The lines are the probability of each team winning the championship trophy. A futures bet is the wager you place before the finals. The futures bet involves events as they happen in real-time. For example, you can bet on the Toronto Maple Leafs to lift the cup in September; you will only know whether or not they win by the end of the season.

NHL odds for the 2019-20 Stanley Cup

NHL predictions

You don’t need to pay for hockey predictions because there are lots of sites offering free sports picks for free, including NHL score predictions.

However, we strongly recommend that you find NHL prediction sites that analyze and provide a detailed explanation of their choices such as this one. Thus, you have a clear understanding of the reasons why a tipster recommends a particular bet, and you start to develop the betting mindset of expert tipsters.

Improve your desire for betting success by checking out NHL game predictions whether you need those NHL predictions now or in the future.

NHL fantasy

In fantasy hockey, fantasy hockey players can use statistics developed by professional hockey players to build a team that competes with teams from other fantasy hockey players. The teams and players of the ice hockey national hockey league constitute the majority of fantasy hockey pools. A typical fantasy hockey league can comprise up to 20 players, but 8-12 teams are the most common. An online or in-person draft is the most common way to choose NHL players or teams that constitute a fantasy team.

Some leagues are simply for fun; no need to pay any money. But some other leagues make an entry fee compulsory before the start of the season. Then, when the year ends, the league champion earns some or all of the money.

The most popular style of the fantasy team is:

  • Two (2) centers
  • 2 left wings (forwards)
  • 2 right wings (forwards)
  • 4 defensemen
  • 2 goaltenders
  • 5 bench players

Fantasy managers can collect points using any of these categories:

  • Points
  • Goals
  • Plus/minus
  • Penalty minutes
  • Game-winning goals
  • Face-offs won
  • Shots on goal
  • Hits
  • Blocked shots
  • Wins (goalie)
  • Goals against average (GAA, goalie)
  • Save percentage (goalie)
  • Hat tricks

Some new changes to fantasy hockey 2019

Instead of free agents, continuous free agent acquisition budget (FAAB) is to be used to claim players

While you can utilize claims to add players at any time, waiver priority can break ties, and the price paid helps to resolve the claims. In our opinion, this option is better than awarding players to the first manager to make a claim.

The playoffs can start any week once the all-star game week is over.

H2H-points leagues will be showing projected points for each match-up similar to fantasy football.

NHL expert picks

The NHL can be a problematic betting landscape. It’s easy to suffer from information paralysis since there are 31 different teams with more than 20 players who are always dressed to play. Hence, you may struggle to make a betting pick. But we are here to help. 

Getting a mentor is one of the best ways to learn how to bet on any sport correctly. The mentor or expert will show you his bet and give reasons for placing such bets. The problem is, most expert sports bettors don’t like sharing their knowledge or picks. They prefer not to teach anyone their tricks or tips. They would rather keep their knowledge to themselves.Do you want to improve your NHL betting skills? Then, study the thought process behind each pick.

Over time, you can become a sharp NHL bettor.

NHL spreads

Also known as the spread or the line, it is a margin used for handicapping the favorite team. For betting reasons, the odds-maker predicts the number of points with which a favorite team will win. This number of points is called the point spread. While a plus sign indicates the underdog (for instance, +5.5), a minus sign indicates the favorite. (for example, -5.5). If you bet on the favorite and they win by a margin higher than the point spread, you will win your bet. There are two conditions for which you can win when you bet on the underdog,

  • The underdog wins or ties
  • The favored team wins but didn’t surpass the point spread

It is typical in most sports for you to wager $110 in point spread bets to win $100.

Team betting

Most bookmakers offer bets on each NHL team. Some of the odds available are the which teams will make the playoffs and which team will win the final.

Teams currently part of the National Hockey League are:

Anaheim Ducks
Arizona Coyotes
Boston Bruins
Buffalo Sabres
Calgary Flames
Carolina Hurricanes
Chicago Blackhawks
Colorado Avalanche
Columbus Blue Jackets
Dallas Stars
Detroit Red Wings
Edmonton Oilers
Florida Panthers
Los Angeles Kings
Minnesota Wild
Montreal Canadiens
Nashville Predators
New Jersey Devils
New York Islanders
New York Rangers
Ottawa Senators
Philadelphia Flyers
Pittsburgh Penguins
St. Louis Blues
San Jose Sharks
Tampa Bay Lightning
Toronto Maple Leafs
Vancouver Canucks
Vegas Golden Knights
Washington Capitals
Winnipeg Jets

While there are several team betting markets available, betting on the NHL playoffs is highly popular.

One betting option available throughout the NHL season (and which has a better betting value) is betting on the winner of the conference and divisions.

Some operators make it possible to bet on the NHL. Five of these operators are online sportsbooks. Each of them has a guide that thoroughly explains how to bet on hockey.

Conclusion: How to bet on NHL odds

Since you now comprehend the basics, you have the confidence to enter the world of NHL betting with loads of excitement. However, don’t forget to always follow available offers before placing your bets. Also, make use of free available NHL picks and predictions online. However, always perform your research to corroborate such free picks.

Note to readers: we may earn a commission from the offers and links on this page.