NHL Odds and Betting Lines

The basics of NHL odds and bets

Hockey is the national sport of Canada - it's more popular in the Great White North than any other sport. The NAtional Hockey League is the pinnacle of the hockey world with the Stanley Cup as its holy grail. This section will look at some of the basics of NHL odds and bets to help you understand how it all works.

Reading NHL betting lines

The moneyline is the system used for displaying NHL odds. It assigns negative and positive values to the outcomes of bets to indicate the probability of them happening.

Let's use the Toronto Maple Leafs and Tampa Bay Lightning as an example. If the Leafs have odds of -110 and the Lightning +110, the Leafs are favorites to win. The lower the hockey odds are, the more likely the outcome.

How are winnings calculated

Calculating winnings relies on two factors: the odds of a bet and the value of a bet. Using the moneyline system, the game odds indicate the amount needed to bet to make $100 or how much you can potentially win from a $100 bet.

If we continue the example above, where the Leafs are -110 this indicates you would have to bet $110 to win $100. However, for the Lightning at +110, you would win $110 from a $100 bet.

Important things to consider when betting on the NHL in Canada

The legislation around betting on the NHL in Canada differs between the country's ten provinces. But it's not just the law that differs, with each province responsible for regulating sports betting and awarding licenses to operators.

This does mean that the NHL Las Vegas odds at certain sportsbooks in Alberta can differ from those available in Ontario. If you do a lot of traveling and enjoy betting on sports when you are away, you may have to check whether your preferred sportsbook is available for legal betting in your destination province. If it hasn't got a license then you will need to find a new sportsbook to bet with.

Types of bets you can find

There are many different bet types available when it comes to betting on hockey. To help you distinguish between them, here's a detailed description of some of the more popular bet types.

Moneyline

The moneyline bet is simple. You bet on the winner of an individual game between two teams such as the Edmonton Oilers and the Ottawa Senators.

Spreads

A spreads bet is like the moneyline with the addition of a handicap applied to both teams. The favorite usually has a negative handicap such as -1.5 and the underdog has a positive handicap of +1.5. The team you back has to win with its handicap for the bet to win.

Totals

Totals bets focus on areas such as the number of goals scored in a game. It works by the sportsbook offering a number such as 5.5. You have to guess whether the total will be over or under that value.

Parlays

Parlays are a collection of different bets combined into one. In order for the bet to win, every line on your bet slip must come in. Because the risk of a parlay bet is higher the odds are often enhanced compared to straight bets.

Prop bets

NHL Prop bets focus on the proposition of something that happens in a game rather than focusing on the outcome. These types of bets can focus on what individual players do - which player will be the first to score? - or can focus on a team - which team will receive the first penalty?

Future bets

Futures bets are more long-term bets where you can bet on the outcome of an entire competition rather than individual NHL games. For example, before the season even starts you can bet on the Maple Leafs to win the Stanley Cup at odds of +1200 with PointsBet. Below are a few examples of some other future bets you may find.

NHL FINALS ODDS

A bet on which teams will reach the postseason NHL finals to compete for the Stanley Cup.

NHL MVP ODDS

Betting on which player will be voted the MVP of the season by coaches, players and the media.

NHL ROOKIE OF THE YEAR ODDS

Similar to the above bet but focusing on the best rookie player of the season.

NHL DRAFT ODDS

NHL betting odds can also be given as to which players will be drafted into the NHL, including which position or round they may be drafted in.

How to use Oddspedia to be more successful when betting on the NHL

Using this NHL odds page and the tools Oddspedia offers can actually help you be more successful with your NHL bets. Here's how.

Compare odds to increase your potential winnings

On Oddspedia you can look up a bet you want to place and we'll compare the odds from all of Canada's legal sportsbooks. This will allow you to see the latest and best odds from all online sports betting operators to ensure that you can always find out where you will get the best return for placing your NHL bets.

Get the best NHL lines and odds for Today

When you come to Oddspedia you know you will always get the best NHL lines and odds for today because our odds comparisons update in real-time. This ensures that as soon as the odds change for any of the 100+ markets we compare, you will be notified to see what the best odds are at all times.

Utilize betting stats

Another great feature you can use to increase your chances of winning is betting stats. We have various stats available from those that showcase a team's most recent results and how individual players are performing to those allowing you to see how other people are betting and which options have been most popular with bettors.

Check Oddspedia's betting guides

We have a whole host of extended betting guides about betting on the NHL, with betting tips and strategies. We also offer detailed reviews of each of Canada's sportsbooks and best sports betting apps to give you the low down on the best and worst parts of each one.

With all this information available on our site, you have the tools to go away and ensure you have the best possible sports betting experience possible.

Finding the ideal betting sites can be daunting, particularly with the plethora of top sportsbooks available in Canada. One effective approach to identifying suitable online betting platforms is to evaluate the quality of the odds on Oddspedia.
Since your main goal as a bettor is to increase your winnings, it's wise to select online sportsbooks that offer higher odds. At Oddspedia, you can also view the available sportsbook bonuses. Below you will find the best sportsbooks you can use for betting on the NHL season:
 

We haven't forgotten about Ontario bettors and have prepared for them separate rankings with Ontario betting sites and reliable Ontario betting apps that correspond to the local legislation. 

Maximize Your Opportunities with Excellent Odds - NHLPredictions

High-quality NHL betting odds are essential for betting on the competition, but to fully leverage them, trust accurate predictions. At Oddspedia, our NHL picks are curated by some of the top tipsters in the industry. This ensures that you have a solid grasp of the potential outcomes of the competition, thereby increasing your chances of placing successful bets.

Betting on the NHL FAQ