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Thursday, June 13 at 8:20 PMSpreadMoneyTotal
Florida Panthers
O 5.5
Edmonton Oilers
U 5.5

NHL Betting Odds FAQ

Hockey doesn't get as much pub as football or basketball, but it's still quite popular, especially in Canada. The National Hockey League is the main option of choice for gamblers who wish to indulge in some hockey wagering.

Are you curious about how NHL betting odds get set by the bookmakers? Have any other questions about hockey odds in general? This FAQ section may be just what you need to find the answers you're looking for.

How are the betting odds set for NHL games?

Oddsmakers utilize a wide variety of resources when setting odds for the NHL. While most bookmakers will use some sort of mathematical algorithm to create odds, others will use more of a personal touch that involves power ratings for each team. Other aspects that are involved include injuries, travel, and how well each team plays on the road and at home.

What is a betting trend that's worth following in the NHL?

Betting on hockey can be streaky because some of the teams are quite evenly matched. This is especially true with squads that are in the Top 10 or so. One thing to pay attention to is which teams are playing on back-to-back nights. Most teams will start their backup goalie on the 2nd game of a back-to-back, so keep that in mind before placing hockey wagers.

How has technology, such as online betting platforms and mobile apps, influenced NHL betting odds and markets?

The rise of online betting and mobile apps have led to quite a bit more betting options in the NHL. Years ago, only moneylines and game totals were available. However, folks can now bet on team totals or even NHL player props like whether or not Sidney Crosby will score a goal.

How do sportsbooks manage risk when setting odds for different events?

With a moneyline sport like hockey, sportsbooks will manage their risk by moving the odds (or juice as it's often called). Let's say the Tampa Bay Lightning are a -130 favorite over the Philadelphia Flyers and the book is getting a ton of action on Tampa. They move the Lightning to a -140 or even -150 favorite to make the Flyers moneyline more attactive.

How do futures bets work, and what are some popular NHL futures markets?

With futures bets, bettors have to tie up there money for the entire (or part of) the regular season. For example, right now at DraftKings, you can bet the Edmonton Oilers to win the Stanley Cup at +750 odds. That would be a nice payday if they end up winning the title! Conference and Division bets are also quite popular in the NHL.

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