When talking about how one can bet on hockey, there are a lot of ways for you to place a bet, and some of those ways are definitely a lot more popular, or better than the other ones. Regardless of what kind of a bet you want to place, some of these bets can get really confusing, and that’s where this article will help you. We are here to make your life easier and to explain all of the bets that you will need to understand. In the world of sports betting, hockey has actually become quite popular from the early 2000s, and the types of the bets you are able to wager can range anywhere between money line bets, total bets, prop bets, future bets, and many other. This article will cover all of those bets, as well as few examples so you can understand better.
Money Lines: when you wager your money on the money line bet, you are simply just picking the side or the team you believe will win the game. While this bet seems very simple, you need to understand that the odds of this bet can actually vary quite a bit. Therefore, if, for example, you would wager your money to bet on the team who is a lot better than their opponent is, the odds will not play quite as you expect them to, and they will not pay nearly as much as for the favored team. However, the money line bet is one of the most popular bets, especially when it comes to hockey betting. In every hockey game, you will be offered a money line bet, regardless of how big of an underdog or how big of a favorite one of the teams is.
Total Betting: this kind of a JBO bet is exactly the same as the O/U (over/under) bet . In this bet, you have an option to choose, according to your opinion and logic, which team is going to score more than the picked total goal line. The odds on this total bet usually stay the same, but they can also vary, which depends on how much is being bet on one of the sides. For example, if there are a lot of bets put on one of the teams, the line will naturally move to their side. A total bet can look like this:
New Jersey Devils VS. New York Islanders O/U 5.5 (-110)
This would mean that if you wanted to bet the over, then in order for you to win your bet, the two teams need to score six goals (combined); and if you would to bet the under, they have to score less than six, for you to win the bet.
Betting Money Line on Periods: when talking about the money line bets, there is also an option for the gambler to wager money on the money line bet for every game period. Hockey has three periods in one game, which means that you have two additional times to wager your money on the team you think will win a certain game, and the third period is for the regular money line bets. To explain it simply, an example of the first and the second period of money line bets would be if you look at the example from above where we had the Canadians VS Hurricanes. This would leave the Hurricanes somewhere around -110 ahead right after the 1st period, and if you pick them for the lead they would have around -140 for the 2nd period. Betting by periods with the money line bet is a good way for you to earn some extra money, especially if you are certain that one of the two teams will surely lead throughout.
Point Spread Betting: this bet is also sometimes called the goal spread bet. This is one of the most common hockey bets, but it is not nearly as popular as the money line bet. When it comes to goal spread betting in hockey, the line would be usually set at +1,5 or -1,5 for either side. Which means, if you make this bet, the side or the team you wagered your money on must win by more than just one goal, or lose by less than just 1 goal. The odds on this bet can also vary a lot, that depends on which one of the teams is more favored. The general idea with placing this bet is to get the better odds on the more favored team. So, for an example, if one of the teams is greatly favored by -300, betting a -1,5 line will maybe get those odds down to -200 or even -180. Another example would be:
Pittsburgh Penguins +1.5 (+120) vs. Tampa Bay Lightning -1.5 (-180)
With this, the Lightnings are favored by 1,5 goals, and they must win by two goals for your bet to win while the Penguins must lose less than two goals, to be able to win their side.
Three Way Lines: this bet is almost the same as the money line betting, the only difference is that any shootout play or overtime will not be included. So basically, here you bet on one or the other team winning, or a tie. The idea here was to give you better odds on the more favored team in each of the games, but also to make them bet a little harder since you will automatically lose when the game goes into the overtime. This bet also has good payouts, especially if you are able to hit the bet on a tie. Here is one example of a three – way bet, using the example of the money line above:
Money Line odds:
Carolina Hurricanes -180 vs. Montreal Canadians +210
Three-way betting (line odds):
Carolina Hurricanes – to win: -120
Montreal Canadians – to win: +340
With this, you can see that the odds move quite a bit on everything when it comes to a three – way line bet.
Netherlands vs England
Parlay Betting: this is a bet where you take in account more than just 1 team, and most sites today allow up to twelve or even fifteen teams sometimes. A parlay bet must include at least 2 teams, however, the benefit of placing this bet is that the payout will be much higher. Usually, the parlay bets in hockey work differently than in most of the sports. An important thing to remember about the parlay bets is that you will lose the entire bet if you lose just one of the bets you placed. Here is the list of the usual odds of this bet, all the way from 2 to twelve teams.
2 teams: 13/5
3 teams: 6/1
4 teams: 10/1
5 teams: 20/1
6 teams: 40/1
7 teams: 75/1
8 teams: 150/1
9 teams: 250/1
10 teams: 400/1
11 teams: 500/1
12 teams: 600/1
The reason why this bet will work a bit differently in hockey is mainly because of the fact that a number of hockey parlays include money line bets that have odds which usually change. Even if you were to place a wager, or to bet the +1.5 or -1,5, you will see that the odds on this bet change often.
Round Robins: this bet is like multiple small parlay bets, that are able to feature anywhere between two and eight teams. The point behind the round robin bet is that even if one of the teams you chose loses, you do not lose every bet. This is one of the ways you can be profitable when betting parlay bets, and is a good way to keep yourself from going to a negative state. The explanation of this bet may sound very confusing, but do not worry, we will explain it in an example; if the New York Islanders are +1,5; and the Boston Bruins are -1,5; and if the Nashville Predators are -1,5; then this would be a 3 way round robin.
Parlay Rules: there are just a few rules when it comes to these bets, and they are very similar to most sports. The first thing you need to consider is how most of the sports betting sites will handle ties. A lot of sites usually handle ties as a loss, and if you bet for a team to win, and the game times, that obviously means it is a loss, since the team did not actually win. But, what would happen if the total bet wagered on the game is around five, six or seven, and the total of goals scored is exactly that much (five six or seven). It is something you should check.
Another rule to follow is to always check if there is an actual maximum on parlay bets; whether it is a maximum amount you can win or just a maximum bet. Parlay bets could payout really huge if you are able to predict all 12 team plays, but keep in mind that some sites or places have a maximum number, amount, you can win with parlay bets. However, when it comes to a maximum amount, most of the sites for betting will not put a limit, but if you do make a bet and it is over the maximum, the sites will usually inform you. Other rules in the parlay best are the number of sides (teams) that are included. When betting online some sites might have a limit on the number of teams in a parlay bet, but this is different on each site.
IF Bets: these bets in hockey games are a good way for you to manage your money. When you place a bet or you to wager your money on the 1st team, only when that first team wins, will you be allowed to wager your money on the next team. The reason behind the creation of these bets was so that the player cannot lose a lot of money in a short time period. The IF bets will give the gamblers the opportunity to manage their money well. Each one of these bets is a solo bet, and you can wager your money on teams with IF bets up to 6 times (total teams). The bet will not proceed as soon as you lose 1 bet, be it after the 1st or the 5th bet. When betting an IF bet the games do not have to happen at the same time or even consecutively.
Reverse IF Bets: this bet is exactly what it sounds like. Here you are basically making 2 or 3 double – actions IF bets, and just reversing them. The point of this bet is that you are able to win a bigger amount if your picks end up winning.
The Rules of the IF Bets: the biggest rule when it comes to this bet is how these bets handle a tie, a push, or a canceled bet (for any reason). This means that if for any reason there is a push (for example, on the O/U), would this count as a loss, or a win, or would it just get rid of that certain aspect of the bet? Usually, a pushed wager would end up with the IF bet not being able to move to the next part of the wager (unless it is a double – action IF wager). This is the most important rule when talking about the IF bets. You do not want to just get stuck with pushing one bet that you believe would end up in your future IF bet, if it does not.
Futures Bets: this is also another very popular bet when it comes to hockey betting. This bet, the futures bet, will give you the option to bet on something way before it happens, giving you better odds since you can bet so early. These bets usually include something like betting on the winner of Stanley Cup Finals, …