Ice Hockey

Ice hockey has been bringing warmth in the winter to players and fans for close to 130 years now. Since the first game was played in Canada in 1895, ice hockey has cemented its place as a national sport in the country and spread to many other parts of the world. And, today, it attracts another group of the populace, too; ice hockey bettors.

The cheer has spread to the entire world, where people enjoy the thrill of placing bets and waiting for outcomes. The joy is made even better with online sports betting. Ice hockey fans now have more platforms where they can place bets from the comfort of their homes.

Ice Hockey
Aria Mitchell
Written byAria MitchellWriter
Researched byMatteo BianchiResearcher
Everything you need to know about Ice Hockey Betting

Everything you need to know about Ice Hockey Betting

Ice hockey is among the most popular winter sports, heating up sports among the snow. Originating nearly 130 years ago, the first ice hockey game was in Canada in 1895. It has since become a national and international phenomenon. With the rise in the game's popularity also comes the rise in the sports betting on it.

Alongside the thrill of watching teams battle it out on the ice, bettors can also enjoy the excitement of putting their money down for a big prize of their own.

Everything you need to know about Ice Hockey Betting
What Is Ice Hockey Betting?

What Is Ice Hockey Betting?

Betting on ice hockey originally began in Canada - informally. It started out with friends gathering and placing unregulated wagers on local games. Then, in the early 20th Century, bookmakers started entering the playing areas and quoting odds.

The advancement of online sports betting makes the opportunity to bet on ice hockey much more prevalent. Watchers value the sport because of how fast it is and how violent even the games can become.

Many watchers still physically attend and watch ice hockey games, even with the rise of online sports betting. Some sportsbooks even know how much people enjoy betting on the sport that they stream the event live.

In 1923, the Ice Hockey League was created, and this is when there became a structure for betting. It started with the government regulating betting, and the league desired payment from bookmakers. The bookmakers were, at this point, real entities with physical outlets. Still, betting was confined to localities.

As the game developed and became vast, betting also dispersed to new areas of Canada and worldwide. The development of games being broadcasted allowed more people to bet on games, even if in another country.

What Is Ice Hockey Betting?
How to bet on Ice Hockey sports

How to bet on Ice Hockey sports

Presently, ice hockey is one of the most popular sports betting options among players. There are spikes during the winter for betting, as there is a rise in events, including the Winter Olympics being held. However, ice hockey is available to bet on year-round, as games can be played on indoor ice rinks.

Online betting has significantly enhanced the ice hockey betting industry. It has extended to numerous parts of the world and has become somewhat of an entry point for sportsbettors. In addition, sports betting tips columns for ice hockey entice amazing readership. On top of it all, today, the Ice Hockey League in Canada is branded the "bet-at-home" Ice Hockey League.

To bet, all a player needs to do is find an online betting site that offers ice hockey in their market. Then, players can open and load a betting account and get to wagering right away.

Here’s the breakdown of betting:

  1. Sign up with a betting site that offers ice hockey betting and make a deposit.
  2. Choose the ice hockey event you wish to bet on.
  3. Pick the ice hockey game you wish to bet on.
  4. Select a stake amount.
  5. Place a bet.

Ice hockey betting is a great way for bettors to join the sports league. Ice hockey is fast-paced, with many possibilities for bets. Bettors can wager on the winning team, scorers, scorelines, cautions, and much more.

Live betting has expanded into ice hockey markets, specifically online betting sites. Players can bet on what they see at the moment. The odds for such bets can change instantly, making betting even more thrilling.

How to bet on Ice Hockey sports
Calculating Ice Hockey Betting Odds

Calculating Ice Hockey Betting Odds

Here’s the simple breakdown: Odds for betting are the probability of an event happening. If something is likely to occur (e.g., the favorite team winning), it has lower odds and presents bettors with meager returns.

Odds are determined by many factors, such as team form, new signings, injuries, head-to-head record, a particular player’s temperament (e.g., when betting on a caution), and position in the league standings.

Odds are generally estimated and supplied by bookmakers. Bettors only complete their choices founded on an examination or refined intuition. The ice hockey odds for a certain match may modify within the week or unit period.

For example, if a team is likely to win, but then their star player is injured during practice, their odds adjust. Those who want to place bets will do so after the new ice hockey odds online are shared. Those who had placed earlier bets keep their slips.

Odds may deviate between betting sites, so a bettor needs to do their research. However, the difference is rarely significant unless a player is betting a fortune.

Odds are normally showcased as a moneyline (+/-), fractions (e.g., 10/1), or decimals (e.g., 5.2).

Factors For Odds in Ice Hockey

There are many factors that affect ice hockey odds. Bettors must consider past performance of individual players. Ice hockey betting fans can look at stats online to determine whether they may be successful. Has a player had a missing streak lately? How does one team measure up to their competition? How have they been performing especially lately?

Calculating Ice Hockey Betting Odds
Odds for NHL Moneyline Bets

Odds for NHL Moneyline Bets

Moneyline bets are for players who want to wager on which team will win the game. It is can have three different formats: plus/minus, decimal, and fraction.

When it comes to newer players, plus/minus odds can be harder to grasp. However, they quickly become the favorite of most bettors. A positive number indicates the underdog, and a negative number is for the favorite.

For the underdog, the number is how much a player can win on a $100 bet. The favorite is how much a player must risk to win $100. For example, say a player is watching a game between the Tampa Bay Lightning and Washington Capitals, and Tampa is -150 and Washington is +140.

Tampa is calculated to win, so a player would need to bet $150 to win $100. Washington is the underdog, so a player betting $100 would get $140.

Decimal odds are expressed by a decimal number, such as 2.55. This means that whatever a player bets is multiplied by 2.55, which they will receive if their bet wins.

Fraction odds are confusing and look like 11/1 or 21/38. The number on the left represents the amount a player can win, and the number on the right denotes the share a player must risk. For example, 10/1 odds would pay $100 for a $10 bet. This format is typically only used for more considerable bets, but a player may see it from time to time in the moneyline.

Odds for NHL Moneyline Bets
Ice Hockey Betting Styles

Ice Hockey Betting Styles

  • Puck Line: This line is more straightforward, as most sports fans are acquainted with the fundamental principles. Other sports might refer to this betting style as the spread. For hockey betting, the puck line is a wager on whether the favorite will beat the other team by two or more goals versus the underdog yielding by one goal or winning.
  • Totals (Over/Under): The over-under bet is for the number of goals scored by both teams in the game. The odd will state whether it's over or under the number bet.
  • Live Betting: Live-betting entails when players wager bets throughout a live game. They update their bets and changes in real-time, and odds are adjusted accordingly. This can also be referred to as in-play betting.
  • Period Betting: This is a betting style for when a player wagers a bet on the outcome of each period.
  • Props: Props betting concentrates on specific events in the game, not the game's outcome. For instance, a bettor can wager that a certain player will score a goal or that another may stop more than 20 shots.
  • Parlay: This is when a bettor can round-up multiple events into a single wager.
  • Futures: Futures require players to bet on what may happen in the future, not the present game. Most futures betting is around Stanley Cup winners, conference finals, playoffs cuts, or winning certain trophies.

Do Your Research

Any upcoming NHL and international hockey league games may already have picks. Each bettor should research what these may be. Ice hockey fans know that this is a good place to get you started.

Ice Hockey Betting Styles
Don’t Bet on Hype

Don’t Bet on Hype

Because ice hockey is a popular betting sport, it’s easy for a bettor to bandwagon on the wager of another better, believing that they must know the ins and outs if they’re betting on this sport. However, that’s not always the case.

It’s important for bettors to gain their own knowledge of the game and the current match-up and not follow what the crowd may be speculating. Just because the crowd may be cheering one name does not mean that’s who will win the match.

Key Takeaways

  • Knowing that the outright winner is one of the only betting styles, do your research
  • Don’t bet on the underdog; stick to the champs
  • If the race is outdoors, consider how weather may play a role for a dog’s performance
Don’t Bet on Hype
About the author
Aria Mitchell
Aria Mitchell
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From Rotorua's scenic landscapes, Aria Mitchell shines as New Zealand's leading expert in localizing online casino content. Marrying Kiwi essence with global gaming insights, she's the name trusted nationwide.

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