- Hockey is one of the simplest sports when it comes to betting.
- The moneyline is the most straightforward and popular way to bet on an NHL game.
- Simply put, betting the moneyline is picking which team will win an NHL game.
There are plenty of ways you can bet on a game of hockey. From props to the Over/Under to the puck line, there is no shortage of options if you want to get into NHL betting.
But the most popular – and straightforward – way to bet on a hockey game is the moneyline.
In simple terms, betting on the moneyline is picking which team you think will win a hockey game.
Find out more about how to read hockey betting lines below:
How Does an NHL Moneyline Work?
A moneyline bet is just a wager on a team to win a game.
For each NHL game, the sportsbook will list the odds next to a team. Those odds are correlated with a team’s ability, among other things.
If you prefer American odds, the moneyline favourite will be listed with a negative sign in front of a three-digit number, i.e. -200. That number tells you how much money you’d have to bet to win $100. In this example, you’d have to bet $200 to win $100.
Using American odds, the moneyline underdog will have a plus sign in front of a three-digit number. That number tells you how much money you’d win if you bet $100 on this particular underdog to win. So, if you bet the Detroit Red Wings as a +180 underdog and they won, you’d net $180.
If you are using decimal odds, the favourite will be listed with the lower odds between the two teams (usually between 1 and 1.91), while the underdog will usually be listed at 1.92 or higher.
When you bet online, the moneyline will usually be one of the first options for a given game.
How Does an NHL Moneyline Payout Work?
If you are using American odds, the moneyline pays out based off $100.
If you bet the favourite, the odds tell you how much you must bet to win $100. If you’re betting on the underdog, the odds tell you how much you would win if you bet $100.
For example, if the Dallas Stars are -180 favourites to beat the New York Rangers and you bet to win $100, you’d need to lay $180.
The easiest way to calculate payouts for decimal odds is to multiply your stake by the odds to get your return plus your original stake.
For example, if you bet $10 on the Detroit Red Wings at 1.91 odds, you’d return $19.10. That would be your original $10 stake plus $9.10 in profit.
Where Can I Find NHL Moneyline Picks?
You can find NHL moneyline picks, along with other hockey picks, from my articles.
