Watching hockey is exciting with its fast-paced movements. Hockey is also popular in betting. It is ranked as the fourth most popular sport in betting. So you want to participate in this betting and don’t know how you are in the right place. Throughout this guide, we will tell you how to bet on hockey and all you need to know about before betting on hockey. We’ve got you fully covered.
Types of bets on hockey
- Moneyline
- Spread/Puck Line Bets
- Total
- Parlay
- Prop
- Grand Salami
- Derivatives
- 60-minute bets
- Futures Betting
- Live/In-Play
Moneyline
Moneyline betting is the simplest way to bet on hockey, especially if you are a beginner. Moneyline betting is the perfect option for you as it is so easy for you to understand. You just pick the team that you think is going to win. But not all the teams are equal. So each team has a moneyline with a number showing how likely they will win. For example.
- Toronto Maple Leafs: -150 (favorites)
- Vancouver Canucks: +130 (underdogs)
This means if you bet $150 on the Maple Leafs, then you could win $100, and if you bet $100 on the Canucks, then you could win 130. The team with the negative number (-) is the favorite, and the team with the positive number (+) is the underdog.
Spread/Puck Line Bets
Spread betting, also known as puck line betting, is a way to bet on how many goals a team will win or lose. There are favorites and underdogs here too.
- Favorite: negative odds; if the team you have bet on is a favorite, then the team must win by more than the spread (e.g., -2.5 goals) for you to win the bet.
- Underdog: positive (+) odds; if the team you have bet on is an underdog, then the team you must win or lose by less than the spread (e.g., +2.5 goals.) for you to win the bet.
For example, let us say the Boston Bruins are playing the Tampa Bay Lightning. The spread bet is -2.5 goals for the Bruins and +2.5 goals for the Lightning. This means if you bet on the Bruins, they need to win by 3 goals or more, and if you are betting on the Lightning, then they need to win or lose by only 1 or 2 goals.
Total
Total, or over/under betting, is a way to bet on the combined score of both teams in a game. Over is when both teams’s combined score numbers are more than the given number, and under is when both teams’ combined score numbers are less than the given number.
For example, if the total is set at 5.5 goals,
- Over 5.5: both teams must score 6 goals or more.
- Under 5.5, both teams must score 5 or less.
Parlay
A parlay bet lets you combine multiple bets into a single bet, resulting in a larger payout. To win, all the bets placed must succeed; if one bet fails, the entire parlay loses.
As an example,
Bet 1: Team A wins
Bet 2: over 5.5 goals
Bet 3: Player X scores a goal.
If you win all three bets, you will get a bigger payout than if you had placed these bets individually.
Prop
Prop bets are the bets that are placed in different parts of the game, not just about the final score. For example, there are player prop bets, including bets like how many goals, assists, shots, or saves a player will have. There are game prop bets, which include will the game go overtime or not, etc.
Grand Salami
Grand salami is a bet that combines all hockey games played on a single day into one bet. It is like a total goal bet, but for every single game that happened that day. You will bet on whether the total number of goals scored across all games will be over or under a certain number. For example, let us say there are 12 games scheduled for the day. The grand salami total might be set at 58 goals. You can bet on over 58 goals, all games combined, or under 58 goals, all games combined. If the total number of goals scored across all 12 games is 62, then the “over” bets win and the “under” bets lose.
Derivatives
Derivatives betting isn’t very common, but they let you bet on different segments in the gameplay, such as which team will win after two periods, first-period goals, etc.
60-minute bets
A 60-minute bet is just like a moneyline bet, but it doesn’t include overtime, only, as the name mentioned, 60 minutes of play. This could result in three possible outcomes, which are home team wins, away team wins, or a tie. Even if you think the game will end in a tie, the 60-minute bet is a great option. The odds of 60-minute bets are higher than the money line. But if the game goes to overtime, the bet stops at the end of the 60th minute. Another option is to bet on the correct score at the end of the regular play. It doesn’t matter if the game goes to overtime, as the bet here also ends after the 60 minutes. For example, in a match between the Toronto Maple Leafs and the Montreal Canadians.
- Toronto Maple Leafs win (60 minutes): +120
- tie(60 minute):+250
- Canadians win (60 minutes): -150
Correct Score after 60 minutes:
- Maple Leafs 3, Canadians 2: +800
- Maple Leaf 2, Canadians 1: +500
- Canadiens 2, Maple Leafs 1: +600
- Tie 2-2:+1000
Futures Betting
Future bets are a type of moneyline betting where you predict the winner of a future event. These bets are placed before the tournaments begin.
Live/In-Play
Live betting is the bet placed when the game is happening or ongoing. This helps you make more timely decisions as the game is happening right there, and you could get more insights on the game before placing the bet.
How to place a hockey bet (step-by-step instructions)
- Firstly, you should log in to your Sportsbook account; if you already don’t have one, then you should sign up by clicking the join button in the header of the homepage.
- Now you will be presented with a form to fill in your details. Fill it up by adding your email address, name, date of death, the country you reside in, etc., and set a password.
- After filling out the form, now it’s time to make the necessary deposit. Add the fund to your account through your preferred secure payment method, as Sportsbook supports most of the payment methods.
- Now you have to search for hockey from the sportsbook sports betting list. On the left-hand side of the sportsbook, you can see a dropdown menu and select hockey from it.
- After deciding which league you want to participate in, what to bet on, and how much to bet on, add all of these to your slip. After checking, confirm the bet by clicking on the green tick.
Conclusion
Now you know the different types of bets on hockey and how to place the bet. Choosing the correct bet that suits you is important while betting. Betting is also a fun experience to have, as we mostly feel a part of the game as we are betting on it. By reading this article now, you can make informed decisions while having fun.
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