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NHL Betting odds

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As a fast-paced game with endless end-to-end action, hockey is always fun to watch. Besides, placing on NHL betting odds adds to the thrill. And with sports betting gaining legal rights in most states, players can now enjoy betting it online and on various sportsbooks’ physical locations.

Betting odds NHL differs slightly from football odds, mainly because scores are low and the winning margin is slim. Otherwise, other betting odds like props are quite similar and are gaining popularity on some major sportsbooks like FanDuel, DraftKings, and Caesars. So, with 21 years and above, any player inside the states with legal sports betting can place sports betting odds NHL.

About NHL betting odds

Like NBA and NFL, sports betting odds NHL has point totals and money lines but there’s no varying point spread. Here, every game is set on a 1.5-puck line. So, a favorite on this puck line has to win by at least 2 goals for a bet on it to win. Then the underdog with +1.5 odds can only lose by not over 1 goal for a bet on it to win.

Top sportsbooks for NHL betting odds

A good NHL sportsbook in US should offer considerable wagering options beyond the standard betting lines, competitive odds, and other hockey markets. This may require a thorough search and comparison in the sportsbook crowded market. Luckily, we have experts doing the job and below are the top-ranking NHL betting sites.

  • BetRivers Sportsbook – Live in 10 states, BetRivers Sportsbook offers a remarkable NHL betting experience, especially with its deposit bonus tied to only 1x wagering requirement. Thus, hockey bettors can withdraw their bonus winnings on hockey games after doubling the bonus. Besides, the ‘My Bet History’ tab allows them to track their bets.
  • FanDuel Sportsbook – As the leading US-based sportsbook in terms of market share, FanDuel also has a massive following among hockey fans. Here, betting on hockey is beyond NHL, it also covers international leagues. Hockey betting enthusiasts enjoy boosted odds, a clean interface, huge bonuses, and a sleek app, among others.
  • FoxBet Sportsbook – Although it’s a new sportsbook operating only in three states, FoxBet is already one of the NHL bettors’ favorites. It offers an extensive scale of exclusive wagering options and deals on the Stanley Cup among other NHL hockey games. Also, players enjoy the risk-free bonus, same-game parlays, and fast payouts.
  • Caesars Sportsbook – Caesars is a famous sportsbook not only to NHL bettors but to all sports betting lovers, especially for its generous bonuses and promotions. NHL bettors get a variety of picks, boosted parlays every day throughout the NHL season, and competitive odds. Besides, NHL promotions make the experience a thrilling one.
  • BetMGM Sportsbook – Known for its exciting features and attractive welcome offer. BetMGM players can stream NHL games, use parlay generators, cash out their bets, choose their favorite sports and leagues, edit bets, and read sports betting guides. Besides, its app is available for Android, iOS, and Windows devices, making NHL betting convenient.
  • Unibet Sportsbook – When players sign up for Unibet sportsbook using our promo code, they get an exciting risk-free welcome bonus. More so, the NHL bettors who wager the bonus only once to cash out a win. Regular customers also get ongoing promotions, a clean interface, free bets, and the famous Bad Beat Refunds.
  • DraftKings Sportsbook – As the pioneer sportsbook in New Jersey and the entire country, DraftKings offers NHL bettors quick payouts, a variety of bonuses, and top-notch mobile betting. Besides, those who prefer placing NHL bets on the go can do so with its mobile app.
  • William Hill Sportsbook – For players who want to make NHL betting a remarkable experience with a sportsbook that offers the leading customer support, bonuses, and convenient banking options, then William Hill is a perfect choice. Here, one can place any type of NHL pick ranging from money lines to future bets.
  • PointsBet Sportsbook – PointsBet is also a leading sportsbook in mobile sports betting apps and NHL future bets. Also, the cash-out feature makes NHL betting an exciting experience. Otherwise, PointsBet offers a variety of NHL markets, fast transactions, and massive welcome offers. Sign up for PointsBet today in any of the 10 states it operates.
  • Tipico Sportsbook – With an up-for-grabs welcome offer, trustworthiness, a well-designed app, top security, and competitive NHL odds, Tipico sportsbook is a rightful home to bettors. One can sign up for an account with it, grab the welcome bonus and choose a bet from the varieties offered.

Different NHL betting odds

Before placing a bet on sports betting odds NHL, you need to know how they work. Luckily, it’s easy to do that by doing some quick calculations to determine the probability of winning your wager. Although many beginners don’t do this, it proves helpful in the long run.

The three ways to understand the probability of winning a bet alongside its payouts include:

American betting odds

American betting odds are the format of choice in the United States and quite easy for both new and regular players to use. Moneyline bets for a match between Pittsburgh and Washington Capitals, for instance, may have +300, and -120 odds respectively. Here, the team with its odds having the minus sign, Washington Capitals, is the favored. Meaning it has a higher chance of winning the match. So, the -120 odds mean one has to wager $120 to win $100 profit if the team wins.

Meanwhile, Pittsburgh is the underdog, thus, its chances of winning the match are slim. And the +300 odds denote what a bet on Pittsburgh will win as a profit if a player place on it with $100. So, the total payouts will be $400 if the underdog wins and $220 if the favored wins.

Decimal betting odds

Famous in Europe and everywhere else apart from the United States, these are odds in decimal points calculated in terms of the probability of winning. To get the potential winning via the method, you multiply the decimal NHL odds by your stake, then subtract the stake. On a 4.0 NHL odds and a stake of $10, for example, the winnings will be (4.0*$10)-$10=$30.

Fractional betting odds

NHL odds also come as fractional odds in plenty. You can get a fractionalized number like 9/1 on the NHL odds board. This means the team has a nine-to-one chance of winning the game. The winning probability in such a bet is calculated as B/(A+B)x100%. Here, 1/(9+1)x100=10%. So, the bet has a 10% chance of winning. To know the payouts, look at the fraction, for every value, you place on the right side, you win the left. So, if you place $10 on the bet above, and it wins, you get $90 as profit.

Types of NHL bets with betting odds

Like other sports, sports betting odds NHL offers a variety of market picks. But a good number of players don’t know that there’s more than just placing on the game-winner. So, with a good guide, sports betting odds NHL can be fun and lucrative.

Below are the common bet types for NHL betting

  • Moneyline bets: This is the most famous bet type that requires players to predict no more than the outright winner. Players only have to choose a match-winner between the favorite and the underdog.
  • Prop bets: There are other common occurrences in NHL sports that do not necessarily affect the results. And players can also predict whether these will or will not happen. For example, total shots taken, total goalie saves, and the first team to score, among others.
  • Over/under bets: As a game known for fewer scores, over/under bets pay handsomely. In this bet type, players predict the total scores to be scored by both teams in an NHL match.
  • Parlay bets: Sports betting odds NHL allows players to combine several single legs or picks into one bet to increase the possible winnings. So, one may pick even 10 NHL games and place a single bet covering all. But all the legs must win for one to get a payout.
  • 60-minute line bets: Similar to a Moneyline bet, the 60-minute line allows one to choose the match-winner but, at the end of 3 NHL periods. Thus, it includes the tie option.
  • Puck line bets: A puck line bet is very similar to a point spread, but with a spread fixed at plus or minus 1.5. So, placing a favorite bet (-1.5), means the team has to win with two or more goals.

FAQ

How are NHL betting odds decided?

NHL betting odds are decided by understanding the strengths of each of the teams and then allocating them odds according to their individual probabilities of winning the match. The odds are equal to the risk of each individual team losing the match. So, the favored will have fewer odds while the underdog gets higher odds of winning the match.

NHL bets with the best betting odds?

Over/Under bet has the best NHL betting odds because it pays massively since the sport itself is known for low scores. For instance, the puck line bets pay generously because it combines the over 1.5 odds and moneyline bet. So, choosing an over bet should pay attractive amounts when it wins.

What betting sites offer the best NHL betting odds?

Tipico, PointsBet, William Hill, DraftKings, Unibet, BetMGM, Caesars, FoxBet, FanDuel, and BetRivers offers the most competitive NHL betting odds. Besides, registering an account with any of these gives one the best betting experience with their great interfaces, huge welcome offers, good selection of payment methods, regular bonuses, and live-streaming features.