NHL Betting 101: What you need to know
With this form of betting you are simply wagering on a team to win straight up, not by any specified amount. Commonly used in baseball, NHL moneyline bets are an attractive play when betting the underdog due to their big payouts in comparison with betting moneyline favorites.
Negative odd values (-160 for example) are assigned to the favorite, while positive odd values (+180 for example) are usually assigned to the underdog. In this example, if you want to bet the favorite you will have to wager $1.60 for every dollar you want to win. However, if you want to bet the underdog you will win $1.80 for every dollar you wager. If you bet $100 on a -160 favorite and won, you would profit $62.50. If you bet $100 on the +180 favorite, you would profit $180.
A total, also known as the Over/Under, is the expected combined score of both teams in a single game. Bettors must decide if the total number of goals scored in the game by both teams will be higher or lower than the total set. Note: overtime is included in a total.
When the total is 5.5 goals, you are hoping for six or more goals if you bet the Over and for five or less goals if you bet the Under. If the total was an even number such as five and the final score total (including any overtime) lands on five goals, all bets would graded a push and all bets would be refunded.
Also considered to be a spread bet and similar to a runline in baseball, with a puckline a team has to win or not lose by the set spread in order to win the bet or cover. This results in a more level playing field between teams and overall more exciting experience for sports bettors making their NHL picks.
Do you know who will win the upcoming Stanley Cup? With the availability of NHL futures, you can make this bet at any time prior or during the season. Betting on which team will win the Cup, or the Eastern or Western Conferences or even who you think will win the NHL Hart Memorial Trophy (the MVP) are all considered ‘futures bets’.
Futures can be moneyline or total bets and are generally accompanied by positive odds because long term outcomes are difficult to predict and there are so many different possibilities. Odds are constantly updated as the season prolongs, based on the oddsmakers prediction that a team has to win. Many factors come into play such as injuries, roster updates, remaining schedule, mathematical probability to make the playoffs and/or amount of games behind the leading teams.
The Covers NHL Full Odds page includes all Las Vegas and offshore feeds that we currently collect lines for each day. These same books are also included on our line history pages. Depending on your geographical location, only those sportsbooks which are available to you will be shown.
Tips and Tools
Hockey may not be that attractive to you as a sports bettor but don’t forget that sports gaming is all about winning money!
Betting Football or Hockey?
Covers has a great little Moneyline tool that helps you with your handicapping by figuring out, at a glance, whether or not you've got an edge.
How to convert Moneylines
Curious how much your bet stands to win against the odds? Utilize our Odds/Parlay Converter which can help you calculate your total payout from a single wager up to 5 bets (parlay) at a time.
Try our Odds/Parlay Converter
NHL Expert Picks
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