Knowing how to bet on hockey can be a very profitable enterprise if done the right way. However, it can also be one of the more difficult sports on which to wager.
Here, we’ve provided some of the basic tips and tricks you need to get started betting on hockey.
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Understanding How to Read Moneyline Odds
The most important part of betting is understanding how to read odds and determining which odds are most favorable. Understanding odds may seem complicated at first, but it’s relatively straightforward.
For example, a sportsbook may list its hockey betting odds as “Detroit Red Wings (+195) at Tampa Bay Lightning (-210)”. In this case, Tampa Bay is the favorite and is expected to win.
Teams with a “-” symbol next to their odds are indicated as the favorite, while a “+” symbol denotes an underdog.
To determine the strength of the odds, look at the number after the symbol. The higher the number, the stronger a favorite or larger an underdog.
In the example above, If Detroit wins, a $100 bet wins $195. If Tampa Bay wins, a $210 bet wins $100.
Different Types of Bets
There are three main types of bets to make when betting on hockey: pre-game wagering, live wagering, and futures betting. Pre-game wagering is the most common type of bet and involves picking the winner of a game, a total number of goals scored, or a player who might score in the game.
Live wagering, also called “in-play betting,” involves quick decision-making and understanding the flow of the game. That’s because the bets are made after the game begins.
Odds are constantly updating, so betting at the right time can maximize your gains or hedge against losses.
Futures betting occurs when bets are made over the course of the season. Examples of futures bets are picking a division winner or Stanley Cup winner, whether or not a team makes the playoffs, or awards for individual players.
Generally speaking, the more advance time before the event occurs (end of season, awards ceremony, etc.), the better your odds become.
Whichever type of betting you decide to do, the most important thing you can do is study and prepare for the event as much as possible.
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Information is your friend when you place a bet, and the more knowledge you have, the more likely you are to hit your wagers.
At the simplest level, you should always check the injury report and starting goaltenders for each matchup. Goalies can make or break a game, so knowing who will get the nod in net will give you a leg up.
If you’re not sure where to go, search Twitter to see what the local beat writers are saying about projected lineups and injuries.
Check the schedule to see how each team has played recently. Is one of them coming off a bad loss or a comeback victory?
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When you are looking at how to bet on hockey, look at many things. Is either of them playing on the second night of a back-to-back? How have they played on their current road trip or homestand? Answers to those questions can tip the scales on betting.
Finally, dig deep into the advanced statistics of the game to gain a deeper understanding of what’s going on beyond the box score. Tracking metrics such as Corsi and Fenwick percentages should be done. Also look at expected goals for and against, goals saved above expected There are many more stats that will put you over the top.
The more time you put into hockey betting, the more you will get out of it. Good luck, and have fun!
Did you see our last article? It was outlining updated Super Bowl LV Futures, you should check it out. You need to see the numbers that coincide with the actual finish to the season.