If hockey is your sport, betting on the NHL will be something you’re into. You might have tried it before; if not, you need to consider giving it a shot soon. 

With the money to be made off from NHL sport, you should really get serious about making money using NHL betting. Read on to know about the NHL much better.

NHL Betting Explained

Because of the low-scoring nature of hockey, a single mistake or lucky bounce can make all the difference in a game, creating plenty of opportunities for smart bettors in NHL betting.

From money lines to pick lines and even prop bets, there are hundreds of different ways to bet NHL matches. While it may seem confusing at first, learning how to bet on NHL games is relatively easy once you’ve got some pointers under your belt.

A straight moneyline bet is the simplest way to bet on an NHL game. The moneyline shows which team is favored. 

A minus number, like -125, indicates the favorite and how much must be wagered to win $100 in NHL. A plus number, like +150, indicates the underdog and how much you can win by wagering $100.

Types of NHL Betting

There’s a wide range of NHL betting, but the most common four are over/under bets, money line bets, point spread bets, and parlays bets. Each type has its own advantages and disadvantages in NHL betting.

Moneyline Bet

A money line bet in NHL betting is simply betting on which team will succeed in the game. This is a very simple form of NHL betting that doesn’t involve any handicapping or advanced statistics.

Spread Bet

If you’re placing a point spread bet in NHL betting, it doesn’t matter which team wins the game; all that matters is by how many points they cover or fail to cover the point spread. 

Parlays

This NHL bet combines multiple selections into one bigger bet that pays out much better than placing each individually. The catch is that all bets must hit correctly for it to payout in the NHL.

Over/Under Bet

A total, also known as the over/under in NHL betting, is a number set by oddsmakers based on the combined score of a game. NHL bettors must then predict whether the NHL’s current season will see more or fewer points tallied than the previous season. 

For example, let’s say you bet the under on a game with a total of 46 in the NHL. If you were correct and the combined  NHL score was 45, you’d win your bet. If the combined score were higher than 46, you would lose your wager.

FAQs

How do betting lines work in hockey? 

Unlike in football, where the point spread is almost always set at -10 or -11, NHL betting lines are much tighter. That’s because there are fewer goals scored in hockey than in football.

What is a three-way bet in hockey?

A 3-way or 3 up/down bet in NHL betting is a wager where the teams must win or tie, with no loss being acceptable. In other words, if Montreal loses to Toronto in overtime, Toronto wins, and Montreal ties, you lose your wager.

What is a hockey +1.5 spread?

It refers to the underdogs in a specific matchup. In this case, they are the underdogs by  1.5 goals in the game.

How do you bet on NHL hockey?

There are different ways to do so, but the most straightforward way to bet on NHL hockey is by picking who you think will win. You can refer to the section about NHL betting for more information.