- Understanding Hockey Odds As a money line based sport with so many similarities to baseball betting, understanding hockey odds follows a similar format. For example, you can have a game between the New York Rangers and Pittsburgh Penguins where the Penguins would be listed as a -165 favorite on the money line.
- With a moneyline bet, one is simply betting who will win the game regardless of the margin of victory. The Cowboys have a moneyline of -400. This fact introduces another important sports term called the “vig.” Those who bet the “Cowboys moneyline” would need to wager $400 to return a profit of $100.
- UNDERSTANDING HOCKEY BETTING LINES Hockey is Canada’s ‘national sport’ and a huge sport on United States betting sites as well. It’s popular all over the world and particularly in Eastern Europe and Scandinavia.
- Understanding Nhl Betting Lines
- Understanding Mlb Betting Lines
- Explain Nhl Betting Odds
- Understanding Nfl Betting Lines
Thanks for visiting ExplainBettingOdds.com, where we will help you understand exactly how to read NHL betting odds. The NHL is a fast-paced sport, complete with a ton of action and wild entertainment. And with 82 games during the regular season, plus the playoffs, that provides both oddsmakers and bettors alike with a lot of opportunities when it comes to betting lines for the sport. The NHL has a number of different betting odds which are formed during the season for each matchup. Here on this page, we detail what types of lines you will see online sportsbooks come out with during the season, and explain them so that they are easy to understand. The NHL is definitely a different type of sport to wager on than for example the NFL. Actually, Major League Baseball betting lines could be compared most similarly to that of the NHL. So let's check out what betting lines you can expect to see formed for the NHL.
A betting line is another terminology for point spread, which is tied to the outcome of the event. It is a forecasted prediction of how many points an anticipated stronger team will win by against a weaker team. In the betting world the stronger team is referred to as the favorite, and the weaker team is referred to as the underdog.
How To Bet On The Spread In The NHL
The NHL Goal line is a type of spread installed for each game on the schedule during the week. But unlike the NFL or NBA, the NHL goal line is a set number a 1.5 goals. A team will then be set in the role of having to cover that spread, which is always the team that is set as the favorite on the moneyline. We will get into the moneyline further down below. But for this purpose, consider the team that has to cover the 1.5 goal line with a two-goal win or more as the favorite to win the game out right. Every game is installed with this goal line, though most of the time the team picked as the one having to win by two goals or more is not the favorite to cover the spread. That's because statistically, the majority of hockey games are decided by one goal or less, or result in a tie. Payouts around the goal line can actually vary quite a bit, and you can see some big disparities between the team having to win by two or more goal, and the one that can still lose by a goal and cover.
Article: How To Read Point Spreads
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NHL Moneyline Betting Odds Explained
Understanding Nhl Betting Lines
Just like a goal line, every match up in the NHL is installed with a moneyline. This is a straightforward wager, where the bet is placed on the team to win the game outright, with no goal line or any type of spread involved. If you bet on the Canucks to beat the Islanders, the bet is won if Vancouver wins the game, no matter what the score is. This sounds easier right? Well it is. But you can see a disparity in the payouts. The favorite on the moneyline will obviously payout quite a bit less than a bet that would be made and potentially won on the underdog.
Here in this moneyline example, the Canucks are set as -300 favorites on the betting line. That means for every $3 wagered on Vancouver to win, a $1 profit is returned. In the role of the underdog, New York is going off at 2/1 on the payout.
NHL Over / Under Bets Explained
The goal total betting line is a game line set down with the total number of goals for a game between both teams. Oddsmakers will research the two teams, and then come up with an over/under goal total for the specific matchup. The wager is made on the actual scoring total of the game going higher, or lower, than the oddsmakers' prediction. Payouts for this wager are right around even.
Article: How To Read Over / Under Betting Odds
NHL Team Props Explained
NHL Team prop betting odds are lines formed for games and during the season that do not really relate to the direct outcome of the game. For example, a team prop in a specific game might be something like the first team to score a goal in the match up. The bet is placed, and once the first team puts one in the back of the net, the bet is closed. The rest of the game does not have any effect on the outcome of this particular wager. Prop betting odds reduce many of the variables in a game, and are smaller bets within a game. By smaller, we do not mean the amount that can be wagered; only that it's not a bet on the outcome of the game.
NHL Player Props Explained
Player prop betting odds for the NHL are just like team props, only related to specific players. Within a game, we could see as many as 30 or 40 prop betting lines set down for players. They range in nature, and typically revolve around the number of goals or assists, or a combination thereof for players during the game. The bet is made on the number installed for a player, whether it be one goal or 1.5 goals or whichever number. The wagered would then be made on the actual total going over or under that installed number from oddsmakers and online sportsbooks.
How To Read NHL Live Betting Odds
Betting live on sports is definitely something that is becoming more and more popular in this day and age. With the increase in technology and the accessibility of online sportsbooks, live betting is available right at your fingertips. As far as the NHL is concerned with live betting, it is available for games. Not every single game is available for live betting, but online sportsbooks will establish which ones are. From there, the available betting lines will also be shown. Alternate moneylines, team and player props are what are typically available. With live betting, odds are obviously changing every couple of minutes, making for a fun and exciting way to bet sports.
How To Read Stanley Cup Betting Odds
Stanley Cup futures wagers are a betting line which is formed during the season. In fact, these odds come out the day after the championship from the previous season is won. The bet is placed on the odds to win the Stanley Cup for the upcoming or current season. These odds are not set in stone, and do change during the season as teams do well, or fall out of contention.
Bovada Sportsbook - NHL Games Big On Bovada!
The reason that may fans come and sign up for an account with Bovada is because of the variety of games that can be bet on. Hockey is a sport that goes know but barely talked about but is still bet on often. Bovada knows that even though there are a few hockey fans everywhere, having the games on their sportsbook only means that more players will sign up and wager on NHL soon as the puck drops. This means that live betting feature that is present to all account holders can be very busy when it comes to all these games that last a few hours sometimes.
There are so many different money lines and also different betting odds that will be here for players to check out. The fact that there are many different prop bets here as draws a huge crowd of players and that means more and more players will drop money on a bet that could win them a lot of money. Check out the bonuses as well that could make a difference in how much money players can put on their account.
MyBookie Sportsbook - MyBookie The Best Place To Bet On NHL Games
Now for the most part players like to go on their online sportsbooks a place their bet and leave. With MyBookie, placing your bet is only the tip of the iceberg as far as what players can do on their account. With so many different betting options here on MyBookie, the NHL is one of the sports that after you place your bet, you can find other things to get into like checking out other money lines and also participate in live betting feature that it offers.
There is also a mobile betting feature here on MyBookie as well that lets players log in and check on their bets and even place other wagers while they are out of the office or not close to a computer. The games that are being seen will always show up as options and with the NHL season, there will always be plenty of games up on MyBookie so there is no reason for a player to be bored with this account they have!
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NHL MONEYLINE EXPLAINED:
The moneyline bet is the most common wager in baseball betting. Hockey, like baseball and soccer, is a “moneyline sport” as opposed to a “spread sport” (like football or basketball). That means that hockey bettors are generally just betting on the team that they think is going to win rather than betting on a team to cover a particular point spread.
The favorite in a game has a negative moneyline (example: -150). The underdog has a positive moneyline (example: +135). The odds represent the payouts on a $100 wager. So for a favorite at -150 the bettor would wager $150 to win $100. For an underdog at +135 the bettor would wager $100 to win $135.
Again, hockey bettors are simply trying to pick which team will win the game. The moneyline is the agreed upon payout of the wager.
NHL PUCK LINES EXPLAINED:
The puck line functions like the point spread in sports like football or basketball. The puck line in hockey is 1.5. That means that if you bet on the favorite (-1.5) you are betting on that team to win the hockey game by two goals or more. If you bet the underdog on the puck line (+1.5) you are wagering that your side is either going to win outright or lose by just a single goal.
There are two parts to a puck line wager. The first is the actual puck line (+1.5/-1.5) and the second is the moneyline value associated with which side of the puck line you take. For instance, a bet of -1.5, +120 means that if you wager on the favorite (-1.5) your $100 wager would result in a +$120 win.
The purpose of betting on the puck line is to get adjusted odds in your favor. If a team is a moneyline favorite of -200 that might be too much to wager on. However, if you bet on that team at -1.5, +120 you are wagering that your team will win by two or more goals and in return getting a more favorable payout (+120).
Slightly more than half (between 54 and 58 percent) of all NHL games are decided by one goal.
NHL TOTALS or OVER/UNDER EXPLAINED
NHL totals are a bet on the total combined number of goals that both teams will score in a given game.
You can bet totals ‘over’ or ‘under’. If you are betting ‘over’ then you are betting that the combined number of goals from the teams will exceed the posted total. If the posted total is 5.5 and you bet ‘over’ then you wagering that six or more goals will be scored. If you are betting ‘under’ 5.5 then you are hoping for five or fewer combined goals to be scored.
All goals scored in overtime count towards the totals wager. In the regular season, shootout goals following overtime do not count toward the total.
NHL FUTURES EXPLAINED
Understanding Mlb Betting Lines
NHL Futures are wagers on eventual results regarding certain teams. For example, a Stanley Cup futures wager is a bet on which team will win the Stanley Cup in June. Other types of NHL futures wagers can involve the number of wins or points that a team accrues during the season, betting on which team wins the division, or betting on which team wins the conference title.
The odds on futures wagers are generally expressed similar to a moneyline. For example, the Rangers could be posted at +1500 to win the Stanley Cup. That means that a $100 wager that proved correct would yield $1,500.
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