NHL Betting For Beginners
The National Hockey League is the biggest standing Hockey league in the world, comprising 32 teams from northern America, there really is no better hockey league for bettors of all skill levels.
When starting to bet on the NHL, it’s important to understand the bets you are making. Below we highlight the most frequently used bets in the NHL with a brief description of what they mean.
- Moneyline – Moneyline bets are the most frequently used bets in the National Hockey League. Moneyline bets are a wager placed on the team you predict will win the match, it’s that easy. Keep in mind that odds will play a large role in moneyline bets, be sure to have a good odds guide to help make sense of the different odds formats.
- Point spread – Similar to moneyline, only favouring a handicap instead of vastly different odds. In a point spread bet, you will place a wager to predict the winner of the game while taking a point handicap for the favourite team into consideration. The handicap can vary greatly depending on the strengths of both teams, be sure to do your research before taking a point spread bet.
- Puck line – Puck line bets are similar to a point spread, except without variation in the possible handicap. In puck line bets, the favourite will always be -1.5 while the underdog will always be +1.5. It is an easier way to get into point spread bets, but will always have variations on odds.
- Regulation time – Also similar to point spread as there is a standard handicap. The standard handicap is -0.5 for the favourite and +0.5 for the underdog. There is another part of this bet to take note of, time plays a big factor in regulation time bet. If the game runs into overtime, the underdog bet will automatically be the winning bet. This bet would be recommended to be left for cases when you are positive of a team’s victory without needing to go into overtime.
- Parlay bets – Parlay bets are for the most confident of bettors, confidence, or a keen eye for winning outcomes. In a parlay bet, you will be placing a wager, like a moneyline bet on the winner of a match. Where parlay differs, though, is that it relates to two or more matches in one bet. Betting on multiple matches in a parlay bet will reduce your odds of winning, as if just one of your chosen teams loses, the bet is lost. With this additional risk comes additional reward. If you are positive on a number of matches, try a parlay bet for the chance at a great payoff opportunity.
- Prop bets – Prop bets, short for proposition bets, are the rest of the best available. Everything from on the hockey ring to off, prop bets can be related to anything at all. While prop bets are not recommended as the only bet you place, they can make for a great side bet for money or just for fun.
All in, the NHL is a great choice for any bettor.