NHL Betting odds
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.
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