Other odds formats are Decimal odds (1.80) or Fractional odds (1/8). In the above example, you must bet $200 to profit $100 while betting on the Leafs, or bet $100 to profit $170 if the Bruins win.

For American odds formats, the favorite’s odds are the amount of money one must bet to profit $100, while the underdog’s odds are the profit if you were to bet $100. The above matchup is listed in American odds, where the favorite (Toronto) is denoted by a minus sign (-) and the odds of the underdog (Boston) are preceded by a plus sign (+). Moneyline odds at your favorite online sportsbook will be listed like this: It does not matter if your team wins by one goal or 10, a moneyline bet pays out regardless. The most popular bet type is a moneyline bet, which involves you picking a side to win the game outright.

Odds formats stay consistent for NHL betting and most of the major North American sports leagues. The most important aspect of learning hockey betting tips to wager on NHL games is knowing how to read and evaluate odds. See Odds Shark’s Best NHL Sites How To Bet On NHL Games: Reading Lines And Odds

We outline how to read odds and some other general NHL betting tips, but this guide also includes some strategies and unique betting formats for experienced hockey bettors who need hockey betting explained further. For these NHL tips, it doesn’t matter if you’re just learning how to bet on the NHL. Thanks to our NHL experts, this NHL betting guide will walk you through all you need to know to get started gambling on the world’s top hockey league. With an almost guaranteed upset every night, if you know how to bet on NHL games effectively, there is lots of opportunity for some profit. With more parity than in any other major professional sport, the National Hockey League is one of the most entertaining leagues to bet on.

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Moneyline total goals parlay