Before diving into NHL bets in Canada, it's vital to grasp how odds function and the types of wagers available. You'll encounter three primary formats for NHL odds across various sports betting sites: decimal odds are prevalent globally, American odds are popular in Vegas, and fractional odds are standard in the UK. betting sites You have the flexibility to switch the odds display on any betting site to your preference. A 50/50 probability outcome is represented as 2.0, +100, and 1/1 in decimal, American, and fractional formats, respectively.
These odds formats are the most frequently used in the sports betting industry. To calculate your potential winnings, simply multiply your stake by the odds since your original wager amount is included in the odds.
Decimal NHL odds
For instance, placing a $5 wager on an NHL team with 2.0 odds will yield a $10 return if the team clinches the victory. This simplicity makes these odds especially appealing and understandable to novices in sports betting.
If you've ever ventured to Las Vegas, you would have encountered these American-style odds. They manifest as either a positive or negative value, where the negative indicates the favorite and the positive signals the underdog.
American NHL odds
Displayed against a $100 stake before return, these aren't a directive to bet that much—only stake what you can afford to lose. With 2.0 decimal odds, the equivalent American odds are +100, offering you $100 plus your initial $100 stake back for each winning $100 bet.
It's important to note that these betting odds are predominantly a UK-specific convention. But as UK-based betting sites expand into North American markets, understanding these odds could be beneficial for future bets.
Fractional NHL odds
Fractional odds consist of two figures: the numerator (top) and the denominator (bottom), denoting potential winnings relative to your stake. For instance, with 1/1 odds, you'll win $1 for every $1 wagered, plus your original bet returned. bets on horse racing What variety of betting opportunities are available with NHL odds?
Understanding the available betting markets and their nuances when it comes to NHL odds is crucial. Key betting markets you might encounter include moneyline, over/under, puck line (or handicap), correct score, period betting, and others par site offerings.
The moneyline is the simplest market to grasp. NHL odds presented here reflect which team is expected to win, factoring in overtime and shootouts. The sole question is: which team will secure the two points once the game's done?
A 3-way market introduces a third set of NHL odds, accounting for ties. Here, team win odds are higher because you're betting on a win within the regulation 60 minutes. If you predict overtime or a shootout, betting on the tie in a 3-way market is the route to take.
Moneyline odds
The over/under market focuses on predicted total goals for a game. Common lines often set are 5.5 or 6.5 goals. If you think six or more goals will be scored, you bet 'over', and five or fewer goals means betting 'under'.
The same principle applies to 6.5 goals—bet 'over' for seven or more goals, 'under' for six or fewer. Some platforms also offer alternative line options that let you pick different goal totals, affecting NHL odds.
Over/under odds
Another prevalent market is the puck line, also known as the handicap line. Here, the favored team gives a head start to even the odds against the underdog. A favorite has a negative puck line, while the underdog holds a positive one, such as -1.5 or +1.5.
If you predict the favored team winning by two or more goals, the -1.5 puck line is your bet. Conversely, if you think an underdog can shrink the margin to one goal, you go for the +1.5.
Puck line odds
The specifics of the puck line depend on the teams involved. For example, for the Maple Leafs at home against the Canadiens, the puck line might be -1.5. But when playing the Blackhawks, it could extend to -3.5.
In these scenarios, the Maple Leafs would need to beat the Canadiens by at least two goals to cover, or defeat the Blackhawks by four goals, for bets like 5-1 or 6-2.
Attempting to predict the exact game score is rare and challenging but can offer substantial payoffs. Though not frequently seen, it challenges bettors with a hefty reward for the right prediction.
The markets discussed can also be broken down period by period, allowing bets on specific game segments if you're only able to catch part of the game.
NHL correct score
Sportsbooks often host other markets, varying by provider, like player markets to pick goalscorers or total shots on goal—especially advantageous if you follow the team closely.
NHL period betting
Our site showcases premier NHL Playoff Odds during postseason frenzy. The same platforms offer regular and playoff market access so you always have betting opportunities.
Other miscellaneous
Since odds differ at various sites, having accounts across multiple sportsbooks ensures you access the best NHL Playoff odds in Canada.
