When talking about how one can bet on hockey, there are a lot of ways for you to place a bet, and some of those ways are definitely a lot more popular, or better than the other ones. Regardless of what kind of a bet you want to place, some of these bets can get really confusing, and that’s where this article will help you. We are here to make your life easier and to explain all of the bets that you will need to understand. In the world of sports betting, hockey has actually become quite popular from the early 2000s, and the types of the bets you are able to wager can range anywhere between money line bets, total bets, prop bets, future bets, and many other. This article will cover all of those bets, as well as few examples so you can understand better.
Money Lines: when you wager your money on the money line bet, you are simply just picking the side or the team you believe will win the game. While this bet seems very simple, you need to understand that the odds of this bet can actually vary quite a bit. Therefore, if, for example, you would wager your money to bet on the team who is a lot better than their opponent is, the odds will not play quite as you expect them to, and they will not pay nearly as much as for the favored team. However, the money line bet is one of the most popular bets, especially when it comes to hockey betting. In every hockey game, you will be offered a money line bet, regardless of how big of an underdog or how big of a favorite one of the teams is.
Total Betting: this kind of a bet is exactly the same as the O/U (over/under) bet . In this bet, you have an option to choose, according to your opinion and logic, which team is going to score more than the picked total goal line. The odds on this total bet usually stay the same, but they can also vary, which depends on how much is being bet on one of the sides. For example, if there are a lot of bets put on one of the teams, the line will naturally move to their side. A total bet can look like this:
New Jersey Devils VS. New York Islanders O/U 5.5 (-110)
This would mean that if you wanted to bet the over, then in order for you to win your bet, the two teams need to score six goals (combined); and if you would to bet the under, they have to score less than six, for you to win the bet.
Betting Money Line on Periods: when talking about the money line bets, there is also an option for the gambler to wager money on the money line bet for every game period. Hockey has three periods in one game, which means that you have two additional times to wager your money on the team you think will win a certain game, and the third period is for the regular money line bets. To explain it simply, an example of the first and the second period of money line bets would be if you look at the example from above where we had the Canadians VS Hurricanes. This would leave the Hurricanes somewhere around -110 ahead right after the 1st period, and if you pick them for the lead they would have around -140 for the 2nd period. Betting by periods with the money line bet is a good way for you to earn some extra money, especially if you are certain that one of the two teams will surely lead throughout.
Point Spread Betting: this bet is also sometimes called the goal spread bet. This is one of the most common hockey bets, but it is not nearly as popular as the money line bet. When it comes to goal spread betting in hockey, the line would be usually set at +1,5 or -1,5 for either side. Which means, if you make this bet, the side or the team you wagered your money on must win by more than just one goal, or lose by less than just 1 goal. The odds on this bet can also vary a lot, that depends on which one of the teams is more favored. The general idea with placing this bet is to get the better odds on the more favored team. So, for an example, if one of the teams is greatly favored by -300, betting a -1,5 line will maybe get those odds down to -200 or even -180. Another example would be:
Pittsburgh Penguins +1.5 (+120) vs. Tampa Bay Lightning -1.5 (-180)
With this, the Lightnings are favored by 1,5 goals, and they must win by two goals for your bet to win while the Penguins must lose less than two goals, to be able to win their side.
Three Way Lines: this bet is almost the same as the money line betting, the only difference is that any shootout play or overtime will not be included. So basically, here you bet on one or the other team winning, or a tie. The idea here was to give you better odds on the more favored team in each of the games, but also to make them bet a little harder since you will automatically lose when the game goes into the overtime. This bet also has good payouts, especially if you are able to hit the bet on a tie. Here is one example of a three – way bet, using the example of the money line above:
Money Line odds:
Carolina Hurricanes -180 vs. Montreal Canadians +210
Three-way betting (line odds):
Carolina Hurricanes – to win: -120
Montreal Canadians – to win: +340
With this, you can see that the odds move quite a bit on everything when it comes to a three – way line bet.
Parlay Betting: this is a bet where you take in account more than just 1 team, and most sites today allow up to twelve or even fifteen teams sometimes. A parlay bet must include at least 2 teams, however, the benefit of placing this bet is that the payout will be much higher. Usually, the parlay bets in hockey work differently than in most of the sports. An important thing to remember about the parlay bets is that you will lose the entire bet if you lose just one of the bets you placed. Here is the list of the usual odds of this bet, all the way from 2 to twelve teams.
2 teams: 13/5
3 teams: 6/1
4 teams: 10/1
5 teams: 20/1
6 teams: 40/1
7 teams: 75/1
8 teams: 150/1
9 teams: 250/1
10 teams: 400/1
11 teams: 500/1
12 teams: 600/1
The reason why this bet will work a bit differently in hockey is mainly because of the fact that a number of hockey parlays include money line bets that have odds which usually change. Even if you were to place a wager, or to bet the +1.5 or -1,5, you will see that the odds on this bet change often.
Round Robins: this bet is like multiple small parlay bets, that are able to feature anywhere between two and eight teams. The point behind the round robin bet is that even if one of the teams you chose loses, you do not lose every bet. This is one of the ways you can be profitable when betting parlay bets, and is a good way to keep yourself from going to a negative state. The explanation of this bet may sound very confusing, but do not worry, we will explain it in an example; if the New York Islanders are +1,5; and the Boston Bruins are -1,5; and if the Nashville Predators are -1,5; then this would be a 3 way round robin.
Parlay Rules: there are just a few rules when it comes to these bets, and they are very similar to most sports. The first thing you need to consider is how most of the sports betting sites will handle ties. A lot of sites usually handle ties as a loss, and if you bet for a team to win, and the game times, that obviously means it is a loss, since the team did not actually win. But, what would happen if the total bet wagered on the game is around five, six or seven, and the total of goals scored is exactly that much (five six or seven). It is something you should check.
Another rule to follow is to always check if there is an actual maximum on parlay bets; whether it is a maximum amount you can win or just a maximum bet. Parlay bets could payout really huge if you are able to predict all 12 team plays, but keep in mind that some sites or places have a maximum number, amount, you can win with parlay bets. However, when it comes to a maximum amount, most of the sites for betting will not put a limit, but if you do make a bet and it is over the maximum, the sites will usually inform you. Other rules in the parlay best are the number of sides (teams) that are included. When betting online some sites might have a limit on the number of teams in a parlay bet, but this is different on each site.
IF Bets: these bets in hockey games are a good way for you to manage your money. When you place a bet or you to wager your money on the 1st team, only when that first team wins, will you be allowed to wager your money on the next team. The reason behind the creation of these bets was so that the player cannot lose a lot of money in a short time period. The IF bets will give the gamblers the opportunity to manage their money well. Each one of these bets is a solo bet, and you can wager your money on teams with IF bets up to 6 times (total teams). The bet will not proceed as soon as you lose 1 bet, be it after the 1st or the 5th bet. When betting an IF bet the games do not have to happen at the same time or even consecutively.
Reverse IF Bets: this bet is exactly what it sounds like. Here you are basically making 2 or 3 double – actions IF bets, and just reversing them. The point of this bet is that you are able to win a bigger amount if your picks end up winning.
The Rules of the IF Bets: the biggest rule when it comes to this bet is how these bets handle a tie, a push, or a canceled bet (for any reason). This means that if for any reason there is a push (for example, on the O/U), would this count as a loss, or a win, or would it just get rid of that certain aspect of the bet? Usually, a pushed wager would end up with the IF bet not being able to move to the next part of the wager (unless it is a double – action IF wager). This is the most important rule when talking about the IF bets. You do not want to just get stuck with pushing one bet that you believe would end up in your future IF bet, if it does not.
Futures Bets: this is also another very popular bet when it comes to hockey betting. This bet, the futures bet, will give you the option to bet on something way before it happens, giving you better odds since you can bet so early. These bets usually include something like betting on the winner of Stanley Cup Finals, and also betting on the winners of every conference. If you know how to use these bets, you will be able to have excellent payouts. However, these bets can be very risky, and it is highly recommended to not wager your money with this bet on just one team (consistently). Below you have an example of some possible futures bets (in hockey):
Futures bet on the winner of the Stanley Cup:
Pittsburgh Penguins; +600
Boston Bruins; +900
Philadelphia Flyers; +1200
New Jersey Devils; +2500
Futures bet on the winner of the Eastern Conference:
Boston Bruins; +450
Buffalo Sabres; +700
Carolina Hurricanes; +2000
Florida Panthers; +3500
Futures bet on the winner of the Western Conference:
Anaheim Ducks; +1500
Chicago Blackhawks; +550
Colorado Avalanche; +3500
Calgary Flames; +2000
Prop Bet: there are a number of different types of prop bets that come along with the hockey betting, like “who will be the one who scores first?”, “which of the players will score first”, and also something like “in what period will one of the teams score first” All of these have their own different odds.
The prop bet of “who will be the one who scores first?” will usually just favor the team that is home or the team which has been on a winning streak lately, while having a better offense in late game. The odds of this type of a prop bet can vary quite a bit. The next prop bet, the bet of “which of the players will score first” will give a list of the number of players, and then give odds depending on how often the players score goals, and which of the given players has been the best, goal scoring wise. The last type is the “in what period will one of the teams score first”, and it offers all of the 3 periods. The first will usually have the worst odds until it reaches the 3rd period, which will, of course, have the largest odds. These bets, the prop bets, are all about finding those good angles that you can bet on. If you are able to do so, you will surely get a very good payout.
The Puck Line Bets: these bets the baseball gamblers usually recognize as being very similar to run line. When wagering your money on this bet, the bettors can either place 1,5 goals with the favored team or just take 1,5 goals with the underdogs. An example of puck line odds:
Odds on a typical NHL game:
Odds on an NHL game with higher favorite:
Puck Line odds:
Calgary: +1,5 (-240);
Vancouver: -1,5 (+200);
Toronto: +1,5 (-110);
Detroit: -1,5 (-110);
Grand Salami: this is practically an institution for all of the hockey gamblers. The Grand Salami will allow all the hockey fans to have an interest in every single game on a certain day for a cost of just one bet. How this works is that the Grand Salami bookmakers will allow all the bettors to wager their money on O/U of the total number of goals that will be scored in all of the hockey games (that are played on a particular day). If there are, for an example, 10 games on a certain day, the total of Grand Salami will generally be about 53 to 60 which will depend on the games. Just like with the regular totals, the bettor will sometimes risk getting higher odds while betting with O/U.
Hockey Rules: do not forget that all of the different betting shops, together with the bookmakers have their own rules. Always make sure you know the rules of a particular shop before you place a bet. Below you will see the wildly considered standards.
– All of the hockey games must last at least 55 min, to be able to have an action.
– Losers, winners will be determined by the final score of the game, which will also include the overtime shootouts.
– If a certain game ends with a tie in an overtime and if it goes to a shootout, then the winner of that shootout is going to be credited with 1 extra goal. The shootout goals that are scored will not be added to one team’s total.
– If the game gets suspended before 55 minutes (the minimum time) have been reached, then all of the bets will be refunded.
– If a game gets suspended after the minimum time needed, the score after the game is stopped will be used for the results of betting.
One of the most fast-paced and exciting sports that you can bet on is hockey. There are few more rules you need to follow if you want to bet on hockey, or on any other sport. Be sure to have your money in check and never spend more money on a bet than you can afford to lose. Do not get greedy if you win one bet or if you go on a winning streak; there is a reason bettors have the “walk away after you win” rule. Imagine spending all of your winning money on other bets. The most important will always be, never chase your losses; if you end up on a losing streak, take a short break.