- 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.
The content provided in this blog is intended for entertainment purposes only. All views and opinions expressed are the authors and reflect their individual perspectives on sports, betting, and related topics. This content should not be considered professional betting advice or the official views of BetMGM LLC. Please gamble responsibly. If you or someone you know is experiencing issues related to gambling, seek help from a licensed health professional. This blog is not liable for any losses, damages, or consequences resulting from betting activities.
