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What is a NHL moneyline bet?
Moneyline bets are classic bets which are mostly used for the “North American” sports. They are the alternative bet to soccer’s 1X2 bet and is used for baseball, NBA, NFL, and, of course, NHL. Unlike the 1X2 bet in soccer, the moneyline bet doesn’t offer the chance of a draw. This means that one side has to win the fixture, even if they have to play over-time to do it. Since, moneyline bets are two-side wagers, below we will explain how they work in the NHL.
Just like in most sports, one of the teams is usually an outsider while the other one is a favorite. Moneyline bets always favor the outsider; however, the risk is bigger since the stronger team usually wins games. Nevertheless, there are NHL fixtures in which both sides are equally matches. Those are the fixtures that are perfect for a moneyline bets. For instance, lets imagine a match between the Buffalo Sabres and the Florida Panthers. These are sides who are pretty even, quality wise.
- Buffalo Sabres + 130
- Florida Panthers – 140
If you decide to go with the Sabres who are considered slight underdogs, those odds mean that if you wager $100, you could get your stake back + $130 as profit if the Sabres win. However, betting on the Panthers would work a bit different. The – 140 moneyline odds mean that you need to risk $140 for a chance to win your stake back and get $100 as profit. As you can see betting on the “+” is exactly the opposite to betting on the “-” which makes the moneyline bet very simple and straightforward.
What is a NHL lines and odds spread bet?
Spread bets are two-side wagers as well; however, since hockey is a low-scoring game, they can be very tight and much harder to guess than spread bets in the NBA. This bet type involves a point spread which evens the odds for both sides. Basically, you can bet on one side to win by more than the given margin or bet for the other side not to lose by more than the given margin. The spread line bet in NHL is known as PUCKLINE betting. Here is an example of how this bet type works.
- Carolina Hurricanes -1.5 + 140
- Detroit Red Wings +1.5 – 160
When it comes to spread bets, the odds for both sides will always be equal or close to equal because the spread evens them out. Keep in mind that the team that gets the “-“odds is considered the favorite. In our example, if you bet on the Hurricanes, they would have to win the game by at least 2 goals for you to win your bet. If that happens, you could win $140 for every $100 you wager. On the other hand, betting on the Red Wings would mean that they need to win the game or lose by less than 2 goals. So, a 1:0 for the Hurricanes mean you win the bet even though the Red Wings lost. That’s why the odds are – 160 so you would have to risk $160 to get a chance to get your stake back and win $100 as profit.
What is a NHL totals bet?
As we have already mentioned in some of our other articles, totals betting is the favorite betting type for any gambler out there. Totals betting in NHL means that you bet OVER or UNDER the total amount of goals that will be scored in a match. The odds for Over or Under will be equal 95% of the time. The totals bet in NHL is very similar to a soccer Over/Under bet. However, hockey often has games with more than 6 or 7 goals scored which doesn’t happen so often in soccer. With that being said, here is an example of a NHL totals bet.
- Edmonton Oilers Over 5.5 Goals + 105
- Arizona Coyotes Under 5.5 Goals – 110
In this example, you can bet whether the more or less than 5.5 goals will be scored in the match. If you pick over, at least 6 goals need to be scored for you to win your bet. The + 105 odds mean that you could get $105 for every $100 you wager. On the other hand, betting on under means that no more than 5 goals can be scored in the match. Anything above that will result in a lost bet. However, if 5 or less goals are scored, you will win your bet. In our example, the under option is more likely which is why the “-” odds are located there. So, you would need to risk $110 in order to win $100 as profit.