Last updated on December 14, 2023 by joseph , Reviewed by william

NHL Betting

Are you a fan of NHL hockey? Are you looking for an exciting new way to make your viewing experience even more thrilling? If so, then sports betting could be just the thing you’re after! Sports betting has become increasingly popular in recent years and with good reason.

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What Is NHL Sports Betting?

NHL sports betting is exactly as it sounds: wagering on National Hockey League games. You can place bets on individual matches, or you can try predictions over entire seasons. There are numerous options available when it comes to the types of bets that can be placed.

Types Of Bets Available For NHL Sports Betting

The most common type of bet used in NHL sports betting is predicting which team will win any given match. This is known as ‘moneyline’ betting; however, there are many other forms too. These include prop bets (which focus on statistical performance), futures bets (where punters predict future events such as champion wins) and parlay bet (combining multiple wagers into one).It offers the chance to put your knowledge of teams and players to the test while also potentially earning extra money – what’s not to love? In this article, we’ll take a look at everything that NHL sports betting entails.

Definition Of Nhl Betting

NHL betting is a form of sports wagering that allows you to place bets on the National Hockey League (NHL). It’s one of the most popular sports to bet on, and there are various ways in which you can do it.

Types of NHL Bets

The most common type is Moneyline wagers, where you simply pick who will win a game or series. You can also make spreads/handicaps, pucklines, total goals over/unders, parlays and props.

Now that you understand what NHL betting is, let’s delve into the types of bets available.

The most popular type of bet for NHL games is the money line bet. This is a simple wager in which you pick who will win the game straight up. The odds are usually listed as either a positive or negative number and represent how much you would win if you placed a $100 bet on either team. For example, if Team A has +150 odds while Team B has -120 odds, it means that if you place a $100 bet on Team A to win, you would get back your original $100 plus an additional $150 in winnings; conversely, should you choose to place your $100 on Team B to win, your total payout would be $180 ($60 profit).

Another popular form of NHL betting is over/under betting. In this kind of wager, instead of picking who will win the game outright, you must decide whether the combined final score of both teams will exceed (over) or fall below (under) a predetermined number set by oddsmakers. As with money line bets, these types of wagers also offer good value when done correctly.

Moving onto live NHL betting , this involves placing bets during the course of an ongoing game where the lines have shifted due to various factors such as injuries, penalties and goals scored etc.. Live betting allows for more strategic play because one can take advantage of sudden changes in momentum and utilize them to their advantage. With that said though live hockey betting does require quick reflexes and sound judgment so proceed with caution!

By taking into consideration all these different kinds of bets we’ve discussed above, it becomes clear why NHL gambling remains one such attractive option amongst sports fans all around the world. Now let’s look at how moneyline betting work.

Moneyline Betting

Moneyline betting gives you the chance to back either team to win outright with no points spread involved. The odds will reflect how strong one side is compared to another so if your chosen team has shorter odds than the other then they are expected to be victorious.

TermDescription
Type of BetMoneyline Betting in NHL
ObjectivePredicting the winner of an NHL game, regardless of the margin of victory.
Betting OptionsBet on the favorite with negative odds (-) or the underdog with positive odds (+).
Negative OddsIndicates the amount you must wager to win $100. For example, -150 means you must bet $150 to win $100 (plus your initial stake back).
Positive OddsIndicates the potential profit on a $100 wager. For example, +200 means you can win $200 on a $100 bet (plus your initial stake back).
Even Odds (EVEN)Sometimes both teams are closely matched, and odds are listed as EVEN (+100 or -100), meaning you win the same amount you wager (plus your initial stake back).
SettlementThe team you bet on must win the game for your bet to be successful. If the game ends in a tie or goes to overtime (common in NHL), some bookmakers may refund bets (known as a “push”).
Example (Negative Odds)Bet $150 on Team A (-150). If Team A wins, you receive $100 in profit (plus your $150 stake back).
Example (Positive Odds)Bet $100 on Team B (+200). If Team B wins, you receive $200 in profit (plus your $100 stake back).
Research TipsAnalyze team statistics, injuries, recent performance, and head-to-head records to make informed bets. Shop for the best odds among different sportsbooks.
Legal ConsiderationsAdhere to local sports betting regulations, as they may vary by jurisdiction. Responsible gambling is essential.

Money line betting is one of the most popular NHL bets. This type of bet involves predicting who will win a particular game, and you are paid out based on the odds assigned to either team. You don’t have to worry about point spreads or totals with money line wagers; all that matters is which team gets the ‘W’.

The payoff for NHL moneyline bets varies greatly depending on how heavily favored one side is over the other. If there’s an extreme mismatch between the two teams, then it may not even be worth placing a bet due to the low return rate. But when two evenly-matched squads face-off, this can be an exciting way to get in on some action.

In hockey, it pays to pay attention to recent form as much as overall skill level. It doesn’t matter if Team A has higher-ranked players than their opponent: if they’re going through a rough patch while Team B is hot at the moment, then chances are good that they could surprise many people by pulling off the upset victory. Money line bets give you plenty of opportunities to capitalize on these kinds of situations.

With such potential rewards up for grabs, it’s time now turn our attention toward puck line betting – another popular NHL wager.

Puck Line Betting

Now that we have gone over Money Line betting, let’s move on to Puck Line Betting. This form of sports wager is popular in the NHL and involves predicting a winner with a goal spread attached. The puck line is usually set at 1.5 goals, meaning you can either take the favorite on -1.5 or the underdog on +1.5.

Puck Line Basics

When placing a puck line bet, it’s important to remember that there are two separate parts: picking a winner and covering the point spread. If you pick correctly on both counts then your bet wins; if not then it loses regardless of which team won the game outright.

How Do I Place A Puck Line Bet?

To place a puck line bet, simply find an online sportsbook offering NHL wagering and locate the game you want to bet on. From there, look for the puck line option and select one side or the other depending on who you think will cover (or beat) the 1.5-goal spread given by oddsmakers. Once selected, enter your stake amount before confirming your bet – easy as that!

With this knowledge under our belt, let’s move on to another type of NHL wager – Over/Under betting. Here, instead of guessing winners or losers with spreads involved, all you need to do is predict whether total goals scored will go above or below a certain number…

Over/Under Betting

When it comes to NHL betting, one of the most popular types of bets is over/under-betting. This type of bet involves predicting whether the total goals scored by both teams in a game will be over or under a certain number. Before making this wager, you must first understand how sportsbooks set their odds and how they determine what that specific number should be.

The oddsmakers at sportsbooks will look at a variety of factors such as each team’s offensive and defensive stats, recent performance history, injuries, weather conditions, home-field advantage, and more before setting an “over/under” line. It’s important to remember that these lines can move up or down depending on the amount being wagered on either side so always keep your eye out for any changes.

Once you have done your research and are comfortable with your prediction, you can place your Over/Under bet! If you correctly predict whether the total number of goals scored will go over or under the posted line, then you win the bet.

It’s time to learn about parlays: when multiple bets are combined into one single wager.

Parlay Bets

Parley bets are for those who want to combine multiple NHL betting lines in one bet. It’s a great way of increasing the odds, and potentially winning big. You can parlay any two or more selections together from either moneyline, puck line or totals markets. If all your picks come through then you’ll win much larger returns than if you had single placed them separately.

How Parlays Work

Parlays work by combining several wagers into one bet. Each selection needs to be successful for the whole bet to pay out. For example – let’s say you wanted to make a three-way parlay with Toronto Maple Leafs ML (-200), New York Rangers Puck Line (+1.5) at (-160) and Tampa Bay Lightning total over 6 goals (EVEN). All these selections need to succeed in order for you get paid out on this bet as each part is linked together.

However, it does require a bit of risk management too when making parlays because even one wrong pick will cause the entire ticket to fail – so make sure that before placing the bet, each team has an equal chance of success!

Props Bets

Prop bets are a fun and exciting way to bet on NHL hockey. They offer the opportunity for creative betting, allowing you to wager on unique events that don’t necessarily have any bearing on the outcome of an individual game or season. Some examples of prop bets in the NHL include: which team will score first, how many goals each team will score in a particular period, or even who will win the Stanley Cup. Prop bets can also involve predicting player stats such as points scored, assists made, shots blocked, and more.

The key to successful prop betting is research and information gathering. Before placing your bet it’s important to do thorough research into teams’ recent performance and form as well as their opponent’s tendencies. This means looking at statistics from previous games including goal differential and shot totals; studying line combinations; analyzing injury reports; and keeping up with news related to the teams involved in order to gain insight into potential outcomes.

By utilizing this data-driven approach when making prop bets, you can put yourself in position to make informed decisions that could lead to long-term success. With careful consideration and analysis of all available information, props betting can be an enjoyable way to get involved in NHL hockey without having directly influence the outcome of any single game or series.

With these tips in mind, let’s dive deeper into researching and analyzing data before placing our next prop bet!

Research And Analysis For Placing Bets

Moving on from props bets, the next step in NHL betting is to do your research and analysis for placing wagers. This includes researching teams, players, coaches, statistics, injuries, trends and weather conditions just to name a few. It’s important to stay up-to-date on all of these factors before making any decisions on where or how much to bet.

Researching Teams

When it comes to researching teams for NHL betting there are several key points that should be considered: team strengths/weaknesses, current form, recent head-to-head results against opponents and overall performance at home versus away. Analyzing this data can help you make more informed decisions when selecting which team(s) you want to place your money on.

Players & Coaches

In addition to researching teams it’s also important to evaluate individual players and coaches as well. Keep an eye out for standout performances by particular players or those who have been playing below their normal level recently. Also keep tabs on coaching changes and personnel moves as they can drastically change the outcome of games or even entire seasons depending on the circumstances surrounding them.

It’s essential for sports bettors to conduct thorough research and analysis before placing any bets so that they’re better equipped with the knowledge necessary in order to make smarter investments into their bankroll management strategy going forward.

Bankroll Management

It’s essential for NHL bettors to practice responsible bankroll management. A smart approach to managing your betting funds is just as important as researching injuries, trends and lineups when it comes to successful sports betting. Betting more than you can afford or chasing losses are both surefire ways of setting yourself up for failure in the long run.

Start by allocating an amount of money that won’t put a strain on your budget and remember: never risk what you cannot afford to lose! Consider how much you’re willing to invest over time and be disciplined with sticking to your plan – don’t get caught up in the emotions of winning or losing bets. When making wagers, always ensure that the size of each bet represents only a small percentage (5-10%) of your total bankroll. This strategy will help keep your finances safe and secure whilst allowing for growth if luck goes your way.

Finally, tracking your wins and losses is key for monitoring the success and progress of your NHL betting career; use this data to inform future decisions about which games could be worth investing in. Moving onto the next section, we’ll look at some useful resources available online for finding valuable advice from experienced sportsbook professionals.

Sportsbook Resources

Finding the right online sportsbooks to bet on NHL games can be a daunting task. That’s why we’ve compiled this list of trusted and reliable sports betting sites that will provide you with incredible odds for NHL matches. All of these websites have been vetted by our team, so you know your money is safe and secure.

NHL Betting Sites

Here are some of the top-rated NHL betting sites:

  • Bovada: This site offers one of the best selection of hockey bets as well as great customer service.
  • BetOnline: A popular choice amongst seasoned bettors due to their competitive odds and vast range of wagers.
  • MyBookie: Excellent bonuses and promotions along with a wide variety of payment options make MyBookie an ideal option for any bettor.

When it comes to choosing a sportsbook for betting on NHL games, research each website thoroughly before depositing funds. Look at what kind of bonuses or rewards they offer, read reviews from other customers, and compare different features such as banking methods and withdrawal times. With all this information in hand, you’ll be sure to find the perfect sportsbook for your needs!

Which NHL Team to Bet On in Australia?

When it comes to betting on NHL teams in Australia, there are a few factors you can consider to make an informed decision:

  1. Research and analysis: Start by researching the current season’s NHL teams, their standings, player statistics, and recent performance. Analyze their strengths, weaknesses, and any recent trends that might affect their upcoming games.
  2. Team form: Assess the recent form of the teams you are considering. Look at their previous few games and see if they have been winning consistently or facing difficulties. This will give you an idea of their current momentum.
  3. Head-to-head records: Check the head-to-head records between the teams involved in the game you want to bet on. Some teams might have historically performed better against certain opponents, and this information can help you make a more informed decision.
  4. Injuries and suspensions: Be aware of any key players who might be injured or suspended. These absences can significantly impact a team’s performance and give you an edge in predicting the outcome of a game.
  5. Home and away performance: Consider how teams perform at home versus away. Some teams might have a strong home record but struggle on the road, while others might excel in away games. Take this into account when making your decision.
  6. Expert opinions and predictions: Read expert opinions and predictions from reliable sources. Many sports analysts and websites offer insights into NHL games, providing valuable information that can help you make an informed bet.
  7. Betting odds and markets: Finally, compare the betting odds and markets offered by different bookmakers. Look for the best value and potential returns based on your research and analysis. Remember to consider the risk-reward ratio before placing your bet.

It’s important to note that sports betting involves an element of luck, and no bet is guaranteed to be successful. Therefore, always gamble responsibly and within your means.

Frequently Asked Questions on NHL Betting in Australia

Can I bet on NHL games in real-time?

Yes, many Australian bookmakers offer live betting options for NHL games. This allows you to place bets while the game is in progress, taking advantage of changing odds and game developments.

Can I bet on NHL games using my mobile device?

Yes, most online bookmakers in Australia have mobile-friendly platforms or dedicated mobile apps that allow you to place NHL bets using your smartphone or tablet.

What payment methods can I use for NHL betting in Australia?

Most Australian bookmakers accept a range of payment methods, including credit/debit cards, bank transfers, and popular e-wallets like PayPal and Neteller. Check with your chosen bookmaker to see which options are available.

What should I do if I have a problem with a bookmaker?

If you encounter any issues with a bookmaker, such as payment problems or disputes over bets, you should first try to resolve the issue directly with the bookmaker’s customer support. If the issue remains unresolved, you can contact the relevant gambling authority in your state or territory for further assistance.

What Is The Legal Age Requirement To Bet On NHL Games in Australia?

The legal age requirement to bet on NHL games in Australia is 18 years old.

How Often Should I Bet On NHL Games?

The frequency at which you bet on NHL games ultimately depends on your personal preferences and betting strategy. Some bettors prefer to place bets on every game, while others may choose to be more selective and only bet on certain matchups or when they feel confident about a particular team or wager. It’s important to remember that betting on NHL games should be done responsibly and within your budget.

Conclusion

Betting on NHL games can be an exciting way to make some extra money. Before you start, it’s important to understand the legal age requirements and betting limits in your jurisdiction. Additionally, you should consider carefully which teams and strategies are most likely to be profitable for you when placing bets on NHL games.

So if you’re looking for a fun way to increase your bankroll while enjoying all of the excitement of professional hockey, then give NHL sports betting a try! With careful planning and good luck, there’s no limit to how much money you could make. Good luck!

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Joseph is a seasoned punter hailing from Sydney, brings over a decade of sports analysis experience to the Aussie betting community. With a keen eye for statistics and a passion for horse racing, Joseph's insights have led many to victory. When he's not crunching numbers, he's exploring Australia's coastal wonders.

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Will's the top bloke at the editor's desk over at iBeBet. Been in the Aussie betting game for yonks, right out of Melbourne. His tips and yarns about the odds have made him a legend among the punters. Always keen as mustard to give the best insights, he's your mate for the ins and outs of a cheeky flutter.

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