Hockey Odds and Betting Lines

With so many games played in the NHL season, there are so many opportunities to make your knowledge count when it comes to betting on the best-value hockey odds.

And, as our name would suggest, at Oddspedia we’re all about informing our members about hockey odds, but we also offer several other tools that will help to take your wagering to the next level.

The Basics of Hockey Odds and Bets

There're dozens of different hockey betting lines available every game, but what do these betting odds mean? What do these numbers represent? And how do you identify a ‘good’ bet from a bad one?

Read on for your quick guide to hockey betting…

Reading Hockey Betting Lines

In most cases, every hockey game has a favored team and an underdog, and your job is to determine whether the game odds offered on the likelier team to win or the outsider are the better value.

The hockey odds are depicted as plus and minus numbers, with the favorite handed negative digits like -200 and the underdog a positive such as +150.

How are Winnings Calculated

The size of the numbers in the hockey betting lines ultimately determines how much you could win from your wager.

These digits determine how much you could win from a $100 wager. So, if the Ottawa Senators are +198 in the hockey odds at Toronto Maple Leafs, a $100 bet would net $198 in profit.

Meanwhile, the Maple Leafs are priced at -210. Here, you’d have to wager $210 to win $100.

Important Things to Consider When Betting on Hockey in Canada

All the sportsbooks you see recommended here at Oddspedia are live and legal in Canada.

So that’s one weight off your mind, although you should note that there are different regulations per province and region on whether you can bet and what you can wager on.

Then you need to be aware of the rules in place at your chosen sportsbook. Some have limits on how much you can wager on certain sports or bet types, and occasionally there can be limits on how much you can be paid out from a single bet, too.

Types of Bets You Can Find

There’s no shortage of NHL betting lines you can wager on, from match results and total goals to spreads, correct scores and much more besides.

All the sportsbooks and CA sports betting apps we recommend have comprehensive hockey betting coverage too, so you won’t have to miss a single opportunity.

Moneyline

If you want to bet on who you think a game outright winner will be, the moneyline is for you. That was the market we explored in the Ottawa Senators at Toronto Maple Leaf's example earlier in this article.

Spreads

You may have heard the term ‘handicap’ used in sports betting before, and that’s essentially what goal/point spread is. So, if the Maple Leafs have a -1.5 goal spread, then they need to win by two or more goals for your bet to land.

Equally, if the Senators were +1.5, bets on them would land if they won the game, tied or even lost by a single goal.

Totals

One of the most straightforward hockey betting lines, the totals market simply requires you to predict how many goals will be scored. The sportsbook offers you a number; you must decide whether the total will be over or under that mark.

Prop Bets

The player prop bets available in hockey typically revolve around goals – who will score the first or last goal, and who will score at any time. Other NHL prop bets include over/under points and top points scorer.

Future Bets

Futures bets allow you to bet on longer-term events. These include the Stanley Cup finalists or winner, Western and Eastern Conference champions, divisional winners and the most prestigious players' awards like the Hart Memorial, Norris, Vezina and President’s Trophy.

Parlays

If you have a strong feeling about a round of hockey games, you can add multiple picks to your bet slip as a ‘parlay’. Your odds are multiplied for a greater payout, but be warned that you need all selections to win for your wager to succeed.

Comparing Hockey Odds on Oddspedia Will Benefit You

If all sportsbooks in Canada offer hockey odds, how do you know you are getting the best price every time?

You need to use an odds comparison service like Oddspedia, it is as simple as that. We show you the prices offered by all books for your chosen games, so you can be sure that you are maximizing the value of your bets.

Odds Comparison Increases Your Winnings

Imagine you want to wager on the Montreal Canadiens. You wager $10 on them to win at odds of +150, which would net you $15 in profit. But if you used the sportsbook offering NHL odds of +160, you’d have won $16 instead.

Now, imagine you were missing out on that extra $1 across dozens or hundreds of wagers you place every hockey season. Now you can see why getting the best odds is so important.

Oddspedia Provides the Best Hockey Odds for Today

You’ll never have to wonder again if you’re getting the best hockey odds when you use Oddspedia’s tracker.

Click on any hockey game on our calendar, and you will see a full rundown of the odds supplied by the sportsbooks. You can scan down the list, find the best prices and wager on them at your leisure.

Track Betting Lines Movement

The great thing about Oddspedia prices is that these are tracked in real-time, so you’ll always be getting the best odds available at any given minute. In the long term, this can help you win more from your bets.

Find the Best Hockey Sportsbooks

There are perks to all of the sportsbooks you see documented at Oddspedia, and so all come recommended to our readers seeking a quality hockey wagering experience.

But we know you want the best odds to go along with extra features like live streaming, price boosts and Same Game Parlay. So that’s why the odds comparison service provided by Oddspedia is so crucial in determining the best hockey sportsbooks.

Oddspedia will help you out in finding the best and most reputable hockey betting site for you. If you bet only on NHL matches, then especially for you we have prepared the top NHL betting sites, which will help you choose the most favorable betting conditions. We also have prepared for you the top sportsbooks in Canada that are suitable for betting on hockey:
Stake.com review

Fezbet review

Tonybet review

Powbet review

Bet365 review

Oddspedia also has a section where you can compare hockey odds and access links to sportsbook bonuses for bettors from Canada. We have also created a special section with Ontario sportsbooks and reliable Ontario sports betting apps. Here, we have compiled a list of the top 5 bookmakers that are legal for hockey betting in Canada:

Stake.com promo code

Fezbet promo code

Tonybet  promo code

Powbet promo code

Bet365 promo code

FAQ

What are moneylines?

If you want to bet who will win a hockey game, you will be dipping into the moneyline market. This is the most popular betting option in Canada.

Which are the best hockey markets to bet on?

The best hockey markets to bet on are those that are going to bring you the best reward. It could be moneyline, goal spreads, totals or props, and if you are generally good at predicting who will win the Stanley Cup or each conference, futures might be for you.

Are there hockey markets I should avoid?

There are no specific hockey markets you should avoid, and the only bets you should give a wide berth to are those where the odds offered do not represent good value.

What does +200 moneyline mean?

All odds reflect their relationship with a $100 wager. So, a +200 bet would land you $200 in profit from your stake. Conversely, for odds of -200, you would need to wager $200 to return $100 in profit.

Which bookie has the best odds for hockey?

There’s no single best sportsbook for hockey odds. Instead, you need to examine the available prices for each bet you want to place. Use Oddspedia’s comparison tool for real-time odds movements.

How does Oddspedia's odds comparison work?

If you have identified a bet you want to place, locate the game using the hockey calendar here at Oddspedia. Scroll down and you will see all the sportsbooks and their prices listed, and then all you need to do is register for an account with the bookie offering the best odds.

Is there a betting strategy I can use for betting on hockey?

Some bettors talk away staking plans like Martingale and Fibonacci, but the only betting strategy you need for hockey is to find a consistent slate of winners – that’s the ultimate success-maker in hockey wagering.

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