Choosing an NHL betting site
If you're keen on betting on the NHL, then it is essential to choose a good site. The most important things to think about are the safety and security aspects of the site. After all, you are about to hand over your money, and you want to know that it's safe. The first thing to check for is whether the casino is licensed. In Canada, this should be either the UK Gambling Commission, the Malta Gaming Authority or the Kahnawake Commission as these have the best reputations in the industry. Betting sites will display who licenses them at the bottom of the main page so you can check this information. It's also important to see if they run an SSL encryption on their site, which prevents third parties from accessing your private data. If there's a lock icon in the URL, it's protected.
It's also important to check out the available payment options. Most Canadian betting sites will offer a variety of credit and debit card options as well as a number of eWallets, instant pay options and even offline bank transfers. Check which providers are used to offer these transaction options as this will indicate how trustworthy the betting site is. Only pick sites that offer well-known providers. Once you are sure that the casino is taking your safety to heart, you can then check out the support options. While you don't ever want to have an issue when you are playing, something unexpected might come up. When this happens, you'll need to be able to efficiently and speedily contact a staff member to get things resolved. Your best bet is to choose a casino that has a 24/7 live chat function.
Now that that's all out of the way, you can then concentrate on the actual game options available. You would want to see that there is an NHL sports game available to bet on. Next, you should check out the different betting options that are available to you. A betting site that merely has a few betting options such as the outright winner is not that exciting. Checking out the various odds is also crucial as you need to make sure you are getting the most competitive options, though most betting sites will attempt to do this anyway in order to lure in and keep new customers. Finally, you can check out the bonus options that the betting site offers. It's good to have a look at the different bonuses as these can be really helpful to aid in some early winnings.
When it comes to online sports betting, it would be best to understand what the different odds mean. This is because odds can explain precisely how likely it is that a specific outcome will happen. Bookies will study the form of the individual players and teams to make these odds as realistic as possible. That being said, sports are highly unpredictable, so even the favourite can lose. There are three main ways that odds are written: decimal, moneyline and fractions. Each of these ways will convey the same betting information, and it's just important that you understand what these odds are telling you. This is extra important because it gives you an idea of the probability something will happen. These ways will also show you how much of a payout you'll have if your bet is successful.
In Canada, the most commonly found form of odds is the decimal format. Rather than using percentages, bookies will use decimals to display the odds. They are sometimes also referred to as European odds and are commonly found in Australia and throughout the entirety of Europe as well. It's easy to figure out what your potential winnings will be with decimal odds. Follow this formula: potential payout = decimal odds x stake. For example, if you are putting a bet on a team that has odds of 1.50 and you place a wager of $100, you'll win $150 if your team wins. Don't forget that this winning value actually contains your initial stake as well, so really you've only made a profit of $50. The next option is fractional odds, though these are usually found in the UK.
However, fractional odds are used generally for horse racing. It's easy to calculate these odds as they are similar to decimal odds. The second number, the one on the right, is the bet amount. The number on the left, the first one, is that amount that the bet will give. So for example, a team with odds of 10/15 will mean that if you bet $150, you'll get $100 in profit, winning back a total of $250. Sometimes fractional bets don't use the slash (/), but instead will use a colon, between numbers. So the same fractional bet can be written as 4/1 or 4:1. The US uses moneyline odds and is usually only found there. Generally, this involves two options - the underdogs or the favourites. The favourites will have a minus by their value whereas underdogs will have a plus sign.
NHL Betting Basics
Now that you have an idea of where to go to play, and what the odds mean, it's time to look at how you can bet on the NHL when in Canada. The first step to betting on the NHL is in actually knowing something about hockey. Many beginner bettors make the mistake of thinking that a small amount of knowledge will help them to beat the NHL bookies. This is not the case. You'll need a good amount of ice hockey knowledge if you aim to get far and this is something you should improve on if you intend to make money. That being said, as a beginner, it's more important that you have fun and enjoy the ride although there is a chance that you're more likely to lose as a beginner than win.
In addition to this, we recommend that you set realistic goals for yourself. You can start small; by doing so, you won't be disappointed if you do not win immediately. Creating a budget and then sticking to it should also be in your to-do list. This can be a daily, weekly or monthly one, but the key here is to not go over it. Your budget should also be a realistic one and can be maintained without you dipping into other savings or money that you might have. Also, you have to be specific with your bets. You have already chosen to bet on the NHL, so stick with the same bet types and potentially following the same teams so that you have a better idea of how they might do.
NHL Playoff Odds
Now, let's get into the details of NHL. Each year the playoffs start at the end of the NHL season and the playoffs will begin in the second week of April. The playoffs for this part of the Stanley Cup see eight teams in each conference will be qualified. At this point, a best of seven is then played out, with the winners of each of these best of's moving on to the next round. This round will then see the top-ranked team playing the second wild card winner. Anyone else in the same division will play on as the first wild card. Second and third-placed teams will then play each other to see which of them will move on to the semifinals. Once reams have moved on from this section of the playoffs, the teams are all re-ranked. At this point, the highest ranked team will then play the lowest ranked one.
At this point, there is a wide range of betting odds in place. This year, its was the Tampa Bay Lightning that was sitting at the top of the board with odds of 5/2 to win. There was a close run flurry of other teams with San Jose Sharks and Vegas Golden Knights following close on Tampa's heels. Although, it was high odds teams St. Louis Blues and Boston Bruins who went all the way to the final.
Odds continued getting greater as we moved down the table with the Anaheim Ducks sitting squarely in the last place with odds of 1000/1. If you need reminding, this is a pretty good indication that no one thinks they're going to win. However, if they did, you'd get a pretty decent payout even if you only bet a single dollar on the outcome. At the same time though, these high odds give a clear indication that winning is not likely for this team.
How to bet using NHL playoffs odds
When you decide to make a bet on the NHL, you have to choose accurately what bet to make. There are a number of different options and each of them can payout varying amounts depending on the odds that are attached or the amount of money you wager. Moneyline bets are a popular option and also the most simple. These simply mean that you are choosing to bet on which team will win the game. Over/under bets are wagers that try to figure out the exact total number of goals scored in a game by both teams. These types of bets can be great if you are looking to check out the starting lineup and home or away games. Another popular option is the Puck Line. This bet has a standard spread of -1.5 on the favourite with the underdog being the opposite.
One good thing about the Puck Line bet is that it offers a higher payout if you're successful. However, this bet is riskier. It's probably also a good time to point out that in ice hockey, this type of bet still gives a guaranteed win to the underdog line bettors. Point Spread bets also have standard spreads of -1.5 through to +1.5. These types of bets run on similar lines to handicap bets which will see you needing one team to beat the other team by a specific amount (more than their handicap) in order to win the overall bet. As ice hockey is a relatively low scoring game, these types of bets can have highly lucrative payouts, so it's a good bet type to look for, primarily as a beginner.
Regulation time is a similar bet to moneyline and also offers spreads of -0.5 through to +0.5 on favourites and underdogs respectively. Players that bet on the favourite will win the regulation time. However, players that bet on the underdog team will win if the game moves into the overtime period. This is often also called double chance where you can put your money on the underdog winning or drawing. Putting your money on the favourite can reap bigger rewards than most similar bets. First period bets involve placing money on the first 20 minutes of the game. The final big betting type is parlays. These are a combination of a number of bets. However, both of the bets that are made must win for the player to reach a payout.
NHL Betting Online
As you're already here, it's safe to assume that you're thinking about betting online for your NHL games, and we couldn't agree with you more on that decision. We may have discussed earlier what to look for when choosing an online casino, but we may not have explained why it's such a good idea to even be online in the first place. The big thing here is the odds. Online, the odds are always so much better, even if they're worse in comparison to another online site. This is simply because online betting sites do not need you to bet a parlay. Instead, you can make a single one-off bet. Also, you do not have to pay so much in overheads, so everything can be that little bit better for the online players, too.
It is also convenient to do your NHL betting online. If you are not into online betting, you still have to spend time finding a physical betting shop, spending more time to go there. With doing it online, you have a whole range of betting options right at your fingertips. You can sit back and relax when making these bets. While some people have security issues online, most betting sites are highly monitored and secured that will leave you with no concerns. What's more, you can still get your money in around 24 hours if you win. Although land-based bookies will give you your money instantly, you still have to spend the time (and money) to get there. But by betting online, you can do it in the comfort of your home, which is truly a convenient way to go.
If luck is on your side, NHL online sports betting can be a fun, exciting, and highly rewarding activity. We recommend that you take note of all of the basics in mind. If this is the first time for you, try to lessen your expectations of winning immediately. It is also important to follow our helpful tips for NHL betting as this can save you a large amount of money and stress. We are here to help you choose the best sites that will provide you with the security you need when you bet on NHL. At the end of the day though, you will need to be responsible and make sure that you are sticking to your own rules especially when it comes to budgets. Most importantly, you have to enjoy betting.