With the NHL regular season (and Illegal Curve FREE handicapping contest) beginning in under a week, now is a good time to review the basics of hockey betting.
Types of Bets: General
A straight bet is a wager on the outcome of one game.
A parlay is a wager on the outcome of multiple games.
A futures bet is a wager on the outcome of an event in the future – for example, who will win the division, conference, and championship.
Types of odds
American Odds are expressed using a + or a –.
European Odds are expressed using decimals.
UK Odds are expressed using fractions.
Example: a team that has a 50% of winning can be expressed as +100 (American), 2.0 (European) and 1/1 (UK).
The rest of our article will only discuss American odds.
Types of Bets: Hockey
Betting the moneyline is a wager on a team to win a game.
Betting on the puckline is a wager on a team to win a game with a handicap (usually +/- 1.5 goals).
Betting on the total is a wager on whether the game will have over or under a certain number of goals
Understanding the Moneyline
A positive moneyline represents the amount of money to be won from a $100 bet.
A negative moneyline represents the amount of money to be wagered in order to win $100.
The team that is favored to win will have a negative moneyline because more money is required to be wagered in order to win the same amount.
Here is a line that you could see during the regular season:
Away…Calgary Flames……+130(2)……….+1.5 -200(4)…O5.5 -120(6)
Home Ottawa Senators……-140(3)……….-1.5 +180(5)….U5.5 +110(7)
Note: shootout and overtime wins count as 1 goal for the winning team.
(1) The difference between the home and away moneylines is known as the juice (sportsbooks profit from the juice). A ten-cent difference between lines is known as reduced juice, while a twenty-cent difference between lines is the industry standard.
(2) Betting $100 on the Flames would net you $130 (your $100 back plus an additional $130).
(3) In order to win $100 on the Senators, you would need to bet $140 (a bet of $100 would net you ($71.43).
(4) For this bet to win, Calgary must either win or lose by 1 goal. You would need to bet $200 in order to net $100.
(5) For this bet to win, Ottawa must win by more than 1 goal. A bet of $100 would net you $180.
(6) For this bet to win, more than 5.5 goals must be scored. You would need to bet $120 in order to net $100.
(7) For this bet to win, less than 5.5 goals must be scored. A bet of $100 would net you $110.
Still have questions? Send me an e-mail or post your questions in the comments section
NHL Point Totals Props
People have all kinds of crazy opinions about which teams will surprise and which teams will disappoint. When I am asked to make a pre-season prediction on how teams will do, the first place I turn is the NHL Regular Season Points proposition. These lines are taken from
CaribSports (CLICK TO ENLARGE):
Other hockey betting news and notes:
– Bet365 and Betsson are offering a prop on who will score the most points this season.
– Pinnacle is offering props on how many points Crosby and Ovechkin will score.
– Stan James, Unibet, Betsafe, Victor Chandler and 5Dimes are now offering division odds.