The most important factor when deciding whether to bet on ice hockey is the odds. If you feel you are receiving favourable odds you should always place your wager. Favourable odds isn’t the only reason to place an ice hockey bet however. If you are planning to watch the game anyways and want a little added excitement, placing some cash on one of the teams is a great way to increase your viewing enjoyment.
The Bodog.com odds shown above are displayed using the American style of sports betting odds. This means each outcome will correspond to an American odds number above 100 or below -100. When the number is positive the team is the underdog and the number displayed is the amount you would win if you placed a $100 bet on that team. When the number is negative the team is the favourite and the number displayed is the amount you must wager to win $100 on that team. Here is an example:
Buffalo Sabres +120
Pittsburgh Penguins -140
In this example, the Sabres are the underdog’s, while the Penguins are the favourites. If you placed a $100 bet on the Sabres you would win (120/100) $120 if they won, or a total return of $220. If you placed $100 on the Penguins you would win (100/140) $71.43, or a total return of $171.43 if the Penguins won.
Moneyline odds are the most popular type of NHL game bet. This is due to a variety of factors:
1. The NHL is so competitive that no team has too large of an advantage in any one game.
2. NHL scores are too low to achieve a fair spread.
A moneyline bet is a straight up bet as to which team will win the game. There is no handicapping done. If the team you wagered on wins, you win, and if the team you wagered on loses, you lose. Very simple.
The other type of NHL odds shown are the over/under odds. An over/under bet is a wager on the total number of goals that will be scored in the game. An amount is given and if you think more goals will be scored than this amount you should bet the over and if you think fewer goals will be scored than the given amount you should bet the under.