It’s still early in 2021 and it’s too soon to make firm predictions about who will be contenders for the National Hockey League (NHL) season —but we can start looking at which teams have been at the top of their respective conferences this year. In terms of favourites for the Eastern Conference in 2022-23, top contenders include last season’s Stanley Cup champion Tampa Bay Lightning as well as strong teams like Boston Bruins, Washington Capitals, Pittsburgh Penguins, and Toronto Maple Leafs. Meanwhile in the Western Conference potential title hopefuls include Vegas Golden Knights, Colorado Avalanche, St Louis Blues and Dallas Stars.
When it comes to betting on hockey, there are three main types of bets that you can make: moneyline bets, totals bets, and props bets.
Moneyline bets involve predicting which team will win a game outright and are a great way to get started with sports betting.
Totals bets involve predicting whether or not the total combined score between two teams will be over or under a certain number set by oddsmakers.
Props bets allow you to wager on individual player performances or other outcomes not directly related to the overall game result.
If you’re looking to bet on NHL games, it pays (literally!) to understand how moneyline odds work. A moneyline wager is a straightforward pick of which team will win the game outright – if Tampa Bay Lightning are listed at -150 against Pittsburgh Penguins (+130), betting $150 on Tampa would net you $100 in profit should they prevail; put your money down on Pens and get back $130 for every hundred risked. As long as any one of those outcomes accrue after overtime/shootouts conclude, that’s when bets are graded. Three-way Moneylines give punters an additional option ‘Tie’ too! Calculating expected rewards or potential losses can be done quickly with our helpful Odds Converter tool.
Betting on the NHL can be a rewarding experience, but understanding the odds associated with each bet is essential in making informed decisions.
Firstly, it’s important to recognize that American Odds are vastly different from European or Decimal odds; while in American Odds, the number either preceded or trailed by a + or – symbol will denote either being an underdog (+) or favourite (-), European/Decimal odds are represented by just one number related to what you can win as a pay-out on wager of 1 unit. Furthermore, betting futures on NHL games can also add further complexity to deciphering the risk and reward associated with each bet; for example predicting which team will win their respective Conference Finals.
Knowing the terminology related to these different bets – such as ‘line’, ‘money line’ and ‘total’ – is vital in properly understanding the available options in order to make better decisions when it comes time to place your bet of choice. It is worth noting that learning how to read NHL betting odds may seem intimidating at first, however with proper research and practice, you will soon become comfortable enough to take advantage of all the tools available at your disposal for success when wagering on NHL games.
Before you place any wagers on hockey games it’s important to understand how odds work so you know what kind of payouts you can expect from your bet. It’s also important to do your research ahead of time—read up on team news and records so you can make an informed decision when placing your bet. Additionally analyzing historical data and trends in line moves can give you insight into how oddsmakers are setting lines—which could help you find value when placing your wagers.
Betting on hockey can be an exciting way to engage with your favorite sport while trying to win some money along the way—if done responsibly! Doing your homework ahead of time is key when it comes to making informed decisions about where to put your money down—so make sure that you take advantage of all available resources before making any wagers! With recent advances in technology like state legalization for sports betting apps like FanDuel and BetMGM have made betting easier than ever before—so don’t miss out on all that this exciting new market has to offer.
NHL isn’t the most popular sport to bet on so that does leave some opportunity for those with the ice hockey knowledge. However, that doesn’t mean it’s easy to bet on – it isn’t, but there are a lot of similarities with other sports you can bet on in the US.
The NHL is another mainstay of sports betting in the US so there are plenty of options when you’re looking to get some bets down on the ice.
DraftKings Sportsbook – Great for competitive NHL promotions and bonuses.
BetMGM Sportsbook – Recognized for having a wide variety of NHL markets to give you full options on your bets.
FanDuel Sportsbook – Best for live betting. If you’re looking to make changes as the game goes on, FanDuel is ideal.
Caesars Sportsbook – Strong promo codes for new bettors looking to start off.
Barstool Sportsbook – Excellent range of NHL promotions for all, new and returning bettors.
PointsBet – When it comes to betting on the Stanley Cup the book’s ‘Stay Shar’ approach and ‘Game Day Guarantee’ put them ahead of the competition.
Because hockey is a low scoring game, the puck line is -1.5 goals for the favorite and +1.5 for the underdog in every game, with varying juice on each side depending on how even the teams are. The favorite must win by two goals, and the underdog can either win or lose by one goal.
One of the simplest ways to place a bet on NHL games is to pick who you think will win the game. That’s where the numbers that indicate the favorite and the underdog come into play. In a Money Line bet, or a bet where you simply pick the winner, the number indicating the favorite also tells you how much you would have to wager to win $100.
When the NHL sportsbooks price up the host as favorites their success rate has been 60.88% and when the team on the road are favorites then the success rate is 59.27% meaning there is not a great difference between the two.
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