Betting on hockey is a popular pastime for many Canadian and American citizens. Whether you’re looking to place a single bet or make it your full-time job, this guide will help you get started with betting on the NHL.
The “how to bet on the nhl” is a question that has been asked by many hockey fans. There are different ways to bet on hockey, but there are some things that you should know before betting.
Hockey betting is akin to stargazing. The scenery is amazing. It’s been a good use of my time. When you see that quick flash across the sky, your wait for something — anything — to happen is rewarded. Then there was another. Then, perhaps, there will be another.
That is to say, hockey does not have the same frequency of scoring occurrences as basketball or football. Last season, NHL clubs averaged 2.94 goals per game, bringing a stop to a five-year upward trend in scoring. However, what the NHL lacks in scoring, it more than makes up for in strategy. There are a variety of methods to wager on sports that are both entertaining and lucrative.
Here’s a look at how to bet on NHL games. Ed Salmons, vice president of risk management for the SuperBook at Westgate Las Vegas, provided some insight. Salmons, a seasoned Las Vegas bookmaker, is part of the SuperBook’s oddsmaking staff, which is in charge of the sportsbook’s hockey.
Who wagers on ice hockey?
There are a few ways to respond to this question. “There aren’t as many people who wager on other sports,” is the usual response. By betting handle, hockey is the fourth most popular sport. The typical MLB game generates five times the amount of betting action as the average NHL game at the SuperBook. Only Colorado records bets on “ice hockey,” thus it’s impossible to get details on hockey betting totals. In most places, it is classified alongside other sports.
“More people than used to wager on hockey,” is another response. The debut of the Vegas Golden Knights on The Strip in 2017 resulted in a spike in hockey wagering, particularly from fans who came to watch their teams play. The expansion of regulated single-game sports betting throughout the United States, enabling fans to gamble on hockey, did as well (and allowing teams to inundate them with advertising about hockey wagering).
There are also those hockey wiseguys that bet the NHL regularly and effectively, in addition to casual gamblers.
“For the past two years, one guy has been beating us,” Salmons said. “He also wagers on a lot of sports. To wager that many games and win, I give him all the credit in the world. It’s a difficult task.”
High-volume betting syndicates, which look for differences in odds at sportsbooks, become engaged in hockey if a game’s price differs from the consensus market price.
What are the most popular hockey wagers?
The money-line bet is the most common NHL wager, according to Salmons. This is basically placing a wager on a team’s chances of winning the game outright. Let’s suppose you’re betting on the Washington Capitals to beat the Philadelphia Flyers, and they’re a -140 favorite. The payoff is little over $34 if you bet $20. But let’s suppose you’re a fan of the Flyers and they’re +115 to win. If they win, your $20 will become into $43.
The “puck line” is the second most popular wager. (Some people refer to it as the “goal line,” but that’s a little misleading since there is a “goal line” on the ice in hockey.) This is similar to “betting the spread” in baseball, where you receive odds on a club winning or losing by a certain amount of goals. Because hockey is a low-scoring sport, the puck line is usually plus or minus 1.5 goals. This may alter if the contest is lopsided or if money is pouring in on one side or the other. It may also vary according on your bet, since “alternative puck lines” with longer or shorter odds are available.
The total, often known as the “over/under” for a game, is another common hockey wager. The total number of goals in an NHL game is typically set between 5 and 6.5 goals, although due to matchups or betting patterns, the total may be set higher or lower than that range. Alternative totals are another gamble where bettors may receive better odds if one outcome is more strongly favored than the other.
Salmons claims that hockey fans aren’t renowned for just wagering one way on games. “There are a lot of parlays, and it’s a huge parlay sport,” he added. “Either the money line or the goal line will be parlayed.”
Hockey betting is a little different than betting on other big sports. NHLI/David Becker photo via Getty Images
What are some alternative options for betting on NHL games?
This is where the fun starts, to quote Anakin Skywalker from “Revenge of the Sith.” Here are a handful of the NHL prop bets we’re most excited about:
Player props: Most of the well-known names in an NHL game will have stat props connected to them, allowing you to gamble on their overall amount of goals, assists, and points for the game.
Bets on shot totals are one of our favorite bets. Goals have a lot of variables, from teammates’ play to the opposing goaltender’s actions. While shots may fly wide or be blocked, depending on a player’s usual shot production, it’s a more controlled and anticipated result.
Goalkeepers and save totals are in the same boat. You may base it on the defense in front of them or the anticipated game scenario, for example, if his side is ahead in the third period, he’ll likely still be facing a lot of shots. There are also prop bets on when a player will score as well as player versus. player bets. The NHL’s puck and player monitoring system will provide far more information, such as the distance a player went throughout a game. That information has already been licensed by sportsbooks.
Total goals — not for the game, but for an individual team — are perhaps the most popular team prop. If you believe you know how one side will perform in the game but aren’t sure how the opponent will keep their part of the scoring bargain on your game total bet, this is a smart bet to make. Prop bets are available for when a team scores and other occurrences.
Hockey, as previously said, is a low-event sport. Over the course of the past two seasons, 22.8 percent of games proceeded to overtime or a shootout. Well, there’s a prop for that: betting on whether a game will finish in regulation or if a team will win the game in regulation — a wager that may offer a favorite better odds by being more precise. There are additional props for goal totals and goals scored by period. More “coin flip” type bets, such as whether the final score will be even or odd, are also available in game props. (You may gamble anyway you like, but we prefer to keep our hockey-style bets distinct from our roulette-style bets.)
What about prop bets in the future?
Among fans, these are some of the most popular bets. You may wager on clubs to win the Stanley Cup, their individual conferences, or their divisions. There are also prop bets on season victories and point totals. You may also bet on a team’s chances of making the playoffs. (To provide an extreme example, the Buffalo Sabres are +1400 to reach the playoffs and -3500 to miss the playoffs.)
From MVP (Hart Trophy) to coach of the year, the NHL is endowed (or cursed) with no less than seven key prizes that get odds each season (Jack Adams).
What are the hockey betting limits?
Limits vary from book to book and are usually determined by the size of the total handle on a certain sport. The NFL, for example, has considerably higher betting restrictions than the NHL. At the SuperBook, a large bet on NHL is $5,000. “However, you’ll see 10- and 20-dime [$10,000/$20,000] bets all the time on Knights games,” Salmons added.
How much money has been wagered on the Stanley Cup winning odds?
Salmons likened the amount wagered on his book’s Stanley Cup odds to the amount wagered on The Masters in golf. According to anecdotal evidence, the introduction of the Golden Knights boosted the amount of activity on Stanley Cup futures, as visitors to the city would wager on their favorite teams. But that was before regulated hockey betting became popular in the United States.
From a betting standpoint, who are the favorites for the 2022-23 season?
The Colorado Avalanche (+550) are the favorites to win the Stanley Cup, with the Tampa Bay Lightning (+700) in a three-peat bid, the Vegas Golden Knights (+750), the Toronto Maple Leafs (+1200) — which would require them to win a playoff round for the first time since 2004 — and the Boston Bruins (+1400) following closely behind. The New York Islanders (+350) and the Golden Knights (-180) are also favorites to win their respective divisions, among the Avalanche (-220) and Lightning (+130).
Connor McDavid of the Edmonton Oilers is the heavy favorite for the Hart Trophy (MVP) at +200; Andrei Vasilevskiy of the Lightning (+400) is the favorite for the Vezina (best goalie); Cale Makar of the Avalanche (+500) is the favorite for the Norris (best defenseman); and Cole Caufield of the Montreal Canadiens (+300) is the favorite for the Calder Trophy (top rookie).
What are the betting trends for the NHL season of 2021-22?
The Islanders have received more Stanley Cup bets than any other team at the SuperBook as of October. Another intriguing betting trend to keep an eye on is the Seattle Kraken, the NHL’s newest club. Caesars Sportsbook put them at 73.5 points as an over/under in July. However, as bettors flocked to the over, the total has risen to 90.5 points, and both the over and under are now at -110.
To emulate the Vegas Golden Knights’ achievement of winning the Stanley Cup in their first season? Seattle is a +2200 favorite to win the Western Conference. The odds may shift quickly. If you enjoy that bet, you should acquire… Kraken.
A grand salami bet is a type of wager in hockey. It’s when you bet on the total amount of goals scored by both teams during the game. Reference: what is a grand salami bet in hockey.
Frequently Asked Questions
How do you bet on NHL teams?
A: This is a game of skill, not chance. There are multiple ways you can bet on the NHL teams in the league. You could go to an online sportsbook or make your own wager with friends and family members present. There are also companies that exist solely for this purpose like Bodog Sportsbooks, which offer their services by phone as well as online through their website at bodog.com/sports-betting
Is NHL hard to bet on?
A: I am not sure what you are asking. Are you talking about the NHL betting lines or the National Hockey League?
What do odds of +200 mean?
A: This is an example of a positive number for odds, meaning that there are twice as many people who will bet on the underdog. The payout would be 5-to-1.
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