Hockey Betting Guide

Hockey Odds Explained

Before anything, you should know how to read hockey odds. These numbers define the amount you’ll get if your bet wins. NHL betting odds are always adjusted based on the competitors. Wagering on the stronger team generates a lower payout than the underdog offering a higher return.

The favorites are handed a negative number, and the opposite is true for the underdogs. For instance, if Team A is stronger and has odds of -150, you’d have to wager C$150 to win C$100 in return. Conversely, if Team B are the underdogs and have odds of +150, you’d win C$150 for every C$100 you bet.

Hockey Betting Lines Explained

To start NHL betting in Canada, knowing the kind of bets available is essential. These bet lines range from picking the winner to deciding the total number of goals. It’s not only a matter of choosing the winning team. One may wager on individual incidents and more. That’s why you should carefully decide between moneyline vs puck line in hockey or examine other bets when gambling.

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What are the Main Hockey Bets?

The following 3 types are commonly found when wagering on an NHL game.

  • Moneyline

    This is the simplest one to understand. You pick the team you think will win the game. The moneyline is assigned to each team based on how it stacks up against the opponent. As explained previously, favorites and underdogs get negative and positive numbers, respectively.

    Let’s take a match of the Dallas Stars vs. the Boston Bruins. The former has odds of +155, and the latter is given -175. If you bet C$100 on the Stars and they win, you’ll receive C$155 in return. Whereas you must wager C$175 to win C$100 if the Bruins are victorious.

  • Puck Line

    A number of bettors ask what is puck line before wagering on an NHL game. The Puck Line meaning is none other than selecting the winner but with a handicap assigned to the favorite side. This is the main difference between puck line and moneyline. You could also think of it as a point spread in football.

    The most common puck line is 1.5. Consider the Dallas Stars with +1.5 odds and the Boston Bruins with -1.5. The Bruins are favored and must win by at least 2 goals for a successful wager. On the contrary, a bet on the Stars will win, even if they lose the game by 1 goal.

  • Over/Under

    Another simple way to wager is via Over/Under betting. This consists of predicting whether the total goals at the conclusion of a match will be over or under the number specified by bookmakers. Typically, this value is set at 5.5 since hockey isn’t a high-scoring game. An Over bet will win if at least 6 goals are scored, while an Under will be successful otherwise.

More Options for Hockey Betting

Although the mentioned bets are familiar, they’re not the only ones. As with sports betting in general, there are multiple other wagers you could place.

  • 60 Minute Line

    Also labeled as the three-way market, this wager doesn’t consider overtime. There are only three possible results. Either your team wins, loses, or there’s a tie. For bettors who like to predict ties, 60-Minute is the correct bet.

  • Prop Bets

    Props are great for gamblers who wish to predict particular occurrences or aspects of a game. They’re unrelated to the final score and the winner. You could wager on a player’s goals, assists, shots, saves, hits, etc. Prop wagers are good for those who follow the sport closely and know different players’ capabilities.

  • Parlays

    A parlay is as risky as it is fun. It offers the possibility of getting a much larger win by combining varying bets. The downside here is that all your wagers must win, or all the money is lost. The possible upside, of course, is that you could win a lot more cash than with an individual wager.

  • Grand Salami

    A not-so-usual bet, the Grand Salami is essentially an Over/Under wager but for all the matches played during a day. Every single goal that’s scored or not becomes part of the result. The Grand Salami is a fun wager to place with potentially huge returns.

  • Futures Betting

    Wagering on future events like the Stanley Cup’s winner, a team’s final points, or other competitions’ winners is popular among bettors too. These are futures odds that often have good payouts. They require strong insight into the sport, so some research helps.

  • Live/In-Game Betting

    If you’d like to see how a game goes prior to wagering, an in-game bet is for you. Sometimes referred to as microbetting, this type involves wagering once the match begins. Situational aspects like injuries and penalties are vital in such a bet.

Hockey Betting Tips

Learning how to bet on NHL games can be accelerated with certain expert tips. With their help, you should develop a strategy that works. Consider our four crucial points:

  • The Teams: Assess the two teams. Read their playing styles and see which one will fare well. One might be an offensive powerhouse, while the other employs the best goalie in the League. Your wagers must reflect an understanding of the teams.
  • Trends: Stay updated on the latest trends for better-informed decisions. Even if many things can change from season to season, checking trends like how teams fare in home and away games can give you the upper hand.
  • Injury Updates: Follow injury updates. They are crucial in how a team performs. Since the sport is so fast-paced, players are bound to face physical shortcomings. Last-minute changes might make a dominant team suffer.
  • Line Movement: Track line movements to utilize the best possible odds. The line moves based on factors like injuries or the players’ and teams’ form but also on different websites’ predictions. Review different sportsbooks to find the most economical and rewarding numbers.

Best NHL Betting Sites

Learning the basics of NHL gambling is only valid when you’re aware of the right platforms to bet on. Our experts have curated some NHL betting picks for this purpose. Let’s check the top 5.

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A minimum $10 buy-in qualifies you for a 100% match in bonus cash up to $1000, usable on selected games. The offer is one-time per player, with the bonus valid for 7 days, subject to a 35x wagering requirement before withdrawal. Maximum winnings from bonus cash are capped at $1000. Bonus funds below $0.10 will be forfeited, and deposit fees may affect eligibility.

This is an institution in the world of gambling being one of the oldest companies in the market (it was founded in 1934). Though it was born as a sportsbook, in recent years, it also added a catalogue of casino games to its portfolio. At the time of writing, William Hill welcomes new customers with a 100% match bonus up to C$150.

Pros
  • Historical and highly reputable brand
  • Secure and reliable payment methods
  • 24/7 live chat support
Cons
  • Site layout is a bit chaotic
  • More suited to high rollers
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The Welcome Bonus Pack is available for your initial four deposits. To qualify for the bonus on each of these deposits, you must deposit a minimum of C$30.

This Curacao-licenced casino was launched in 2021 and made it to our list thanks to its variety of options. There are many markets to bet on, including niche sports (eg, Aussie and Waterpolo) and eSports (eg, FIFA and NBA 2k). Plenty of casino games are also available, making the website a true all-rounder. Snatch is currently offering a welcome bonus of up to C$4000 to all new users.

Pros
  • Solid loyalty program
  • Generous welcome package
  • Support for crypto
Cons
  • Lack of no deposit promotions
  • Some game developers are unavailable in all countries
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  • Only to new players 18+ on their first deposit with a maximum bonus of 180 CAD.
  • Depositing 180 CAD results in a starting balance of 360 CAD.
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20Bet is another site that requires no introduction even if only about three years old. Apart from wagering on the NHL, players have loads of other sports and a huge game library at their disposal. Security is guaranteed by state-of-the-art systems and licences from Curacao and the Kahnawake Gaming Commission. If you’re a new user, a welcome bonus up to C$180 is waiting after registration.

Pros
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  • Generous withdrawal limits
Cons
  • Responsible gaming tools are lacking
  • Live chat isn’t supported in some languages
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The oldest site on our list, 22Bet launched in 2017. It’s licensed by Kahnawake and Curacao and is a leading bookmaker. The site has a number of ongoing bonuses to make gambling on the NHL easier and more rewarding. The bonus of C$150 helps new bettors get familiar with the process.

Pros
  • Plenty of live events daily
  • Ongoing bonuses and promos
  • Low deposit limits
Cons
  • Site design isn’t ideal
  • Support staff can’t be accessed via phone
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  • The minimum deposit is $10.
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Parimatch is a European sports wagering site that’s slowly conquering the Great North too. Licenced by Curacao, the company is attracting new users with healthy odds, many betting opportunities and a juicy welcome bonus of up to C$3000.

Pros
  • Huge initial bonus
  • Quick sign-up process
  • Live chat for support
Cons
  • Site design isn’t intuitive
  • Not a lot of banking methods

How to Start NHL Betting in Canada

Beginners are often worried about how exactly to begin gambling. Luckily, wagering on the sport isn’t difficult. All you need is a few steps to follow:

  1. 1

    Find a recommended platform

    Our list contains the best websites to engage in sports gambling. Browse the choices and see which one fits your needs.
  2. 2

    Register

    Create an account by adding some basic information.
  3. 3

    Claim the Welcome Bonus

    This usually requires a small deposit. Remember though, the more money you deposit, the bigger your reward.
  4. 4

    Browse the Bets

    Head to the sports section and find the match you wish to bet on. Browse the available lines and decide what kind of wager you’d like to put down.
  5. 5

    Place the Wagers

    Make your bets, and keep tabs on the match. Wait for the results, and withdraw your winnings if you’re successful.
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With easy steps, fans will be up and running with gambling. Just make sure you shop for the most lucrative numbers ahead of making any wagers.

FAQ

How to bet on hockey in Canada?
It’s rather easy if you follow our guide. To sum up the essential steps: choose a website (we provided a nice top 5), register, and don’t forget to claim a bonus.
What is 3-way betting in hockey?
A 3-way bet allows you to wager for a win, loss, or tie, and it’s rather popular in soccer. In hockey, this means that only the score at the end of the three main periods is considered. In other words, you can think of it as a bet for the overtime.
What are betting limits on hockey?
The limits define the min/max you can wager on a given event. Even if you won’t find striking differences, these limitations vary from website to website.
How to read hockey stats?
There are two categories of stats: team- and player-related. For those, there are two extra categories: match- and season-related. They vary from goals and saves to percentages of shots and hits. Getting familiar with stats gives you a big advantage when placing bets.
How long does a hockey game last?
A match is divided into three 20-minute periods, with the time running only when the puck is in play. In case of a tie, the game continues with 20-minute overtime until one team scores a goal.
How many regular season games in the NHL?
The regular season is composed of 82 games per team (half played home, half played away) for a total of 1312 games from October to June.
How many points is a goal in hockey?
Similarly to soccer, every goal is considered 1 point.
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