NHL betting odds
Reading NHL betting odds is a bit confusing to new bettors as the American way of posting odds is not as logical as some of the other listing methods (fractional, decimal, or implied odds). Still, with this guide, you’ll be comfortable reading the odds well before you’re ready to put any money down.
The most important thing to locate when reading NHL odds is the outcome known as the betting favorite (in other words, the outcome that is most likely to happen). You’ll find the favorite by locating the “-” symbol, which means the value of your stake will be larger than what the profit would be (for example, betting $20 on the Bruins moneyline at -200 odds would only win you $10, leading to a $30 payout).
The other option to consider is the betting underdog, identified with a “+” sign. This is the less likely betting outcome, so if an underdog wins, the value of the profit will exceed the value of your stake.
For example, using the same stake as before, if the Bruins were +200 underdogs but won the game, a $20 wager would win $40 and pay out $60 (initial stake of $20 + profit of $40 = $60)
You can calculate the potential return by looking at the number after the “+” or “-” sign. The number after the “-” sign denotes how much money you would need to bet to win $100, while the number after the “+” sign translates to how much money you would win on a $100 wager.
Please note that you DO NOT have to wager $100 or more on every bet; this is only used as a frame of reference to consider potential returns. If you bet using a smaller stake, the payouts will adjust proportionately (if the odds are +200 and you win, you’ll double your money whether you bet $10 or $100).
Common bet types in hockey
While hockey betting isn’t nearly as popular as on NFL, NBA, or MLB action, it is still growing in popularity as more states legalize sports gambling. Here are a few of the most common and popular bet types in hockey you should know.