![]() It is simply a prediction on which team will win the game. This is the way most bettors wager on an NHL game. Commonly placed NHL bets include the following: NHL Moneyline The leading online sportsbooks offer 100+ NHL betting options in an individual hockey game. What are the Different Types of NHL bets? The following is the formula for calculating the profit for the fractional odds of 3/2 or +150 in American odds. Used primarily in Ireland and the United Kingdom, fractions represent the profit you would receive for a successful bet. Return is how much profit you made plus your original wager amount.Profit is how much money you won by placing your wager.So…what’s the difference between profit and return? As the name implies, they are decimal numbers and always positive.īelow is the formula for calculating the return and profit for decimal odds of 2.40. To calculate the payout for odds of +147, simply use the following formula: How to Read Decimal NHL Oddsĭecimal odds are the most common format used by European sportsbooks. The odds represent how much you’ll win if you bet $100. The positive odds are very easy to calculate. In this scenario, we need to risk $225 to win $100. To calculate the payout for odds of -225, just use the following formula:Īlso, for negative numbers, the value of the odds tells you how much you need to wager to win $100. ![]() Positive (+) odds show what’s needed to profit for a $100 wager.Negative (-) odds show what’s needed to wager to win $100.The odds indicate how much you need to bet, which team is the favorite and which team is the underdog. Odds start with either a plus (+) or minus (-) and are always a whole number ( -485, -180, +130, +210, etc.) NHL odds are commonly expressed in three distinct ways:Īmerican odds are the most popular format used by top US sportsbooks. But before you place your first NHL bet, let’s go over what the hockey gambling experts already know. We’ll teach you how to bet on hockey games, how to properly analyze NHL betting odds, dive into hockey’s betting language, increase your chances of winning your bets, and ultimately grow your bankroll.īy the end of this guide, if you don’t feel confident in making the right picks, our NHL computer picks page can grow your bankroll. For a new bettor, reading and understanding NHL games and their respective odds may even be impossible. Reading NHL odds for the first time can feel like reading a different language and that’s because it is.
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