The National Hockey League (NHL) is the biggest and most exciting ice hockey league that presents immense sports gambling opportunities for fans and gambling enthusiasts. With the emergence of online gambling sites, Canadian players now have full access to all their NHL betting needs 24/7 from their mobile devices.
Yet a vast majority of players fail to make winning bets by relying on lucky charms and gut feelings. In today’s technologically advanced world, sports betting is far more than just betting odds and bookmakers. With the passage of time, betting strategies and techniques have developed that not only elevate a player’s gambling experience but also provide sure-shot results.
Do you want to know what those strategies are? Follow this comprehensive NHL betting guide to understand how these strategies can improve your chances of achieving optimal results. Buckle up for exciting and useful NHL betting tips carefully curated by betting experts to enhance your betting experience.
Tips and Strategies for NHL Betting
When it comes to successful NHL betting, your gut feelings and luck may get you a bet of the day once or twice. However, the risk involved is huge. To increase your chances of winning, you need to approach it with a more tactical and strategic approach.
Just like any form of gambling, you will need to give it time to understand its different aspects. The importance of statistics, odds, and NHL betting trends is critical to placing successful bets. Let’s take a detailed look at the top NHL betting strategies in Canada:
Monitor Betting Trends and Line Movements
Monitoring NHL betting trends gives you an edge when placing bets. For instance, a commonly believed trend in NHL betting is that teams playing at their home venue have the upper hand. However, according to statistics for the 2020-21 season, 47.9% of the games were won by the away teams.
Line movement monitoring helps you identify hidden value and potential upsets in the NHL. For example, you can see an underdog team’s steady climb on the line and place a well-informed bet that the general public may miss.
Utilize Multiple Sportsbooks
Tracking different lines and coefficients of bookmakers provides you with certain key benefits:
- By comparing lines and coefficients across different bookies, you can find the juiciest odds for your bet, maximizing your potential payout.
- Identifying value bets where the potential payout outweighs the actual risk.
- By tracking how lines move across different betting sites, you can either confirm your own analysis or gain contrary betting opportunities.
- With the game constantly evolving with injuries, player replacements, and more, analyzing multiple coefficients of bookies helps you stay ahead of the game in case of an abrupt change.
If you are looking to utilize multiple sportsbooks for your NHL betting analysis, free spins bonuses, or other gambling related content, visit some reputable review website for verified bookmakers and safe betting today.
Seek Out Valuable Opportunities
One of the most valuable NHL betting tips is to identify value bets. A value bet is a bet that has a better percentage of return than the expected risk. In simple words, it means betting only when your chances of winning are higher than the bookmaker estimates. Such instances occur when a bookmaker underestimates a team or a player.
When you examine Canadian multiple books and analyze NHL betting trends, you will be able to identify value bets. Only with a thorough understanding of the game can you locate such betting offers.
Bet Responsibly
As exciting as online sports betting in Canada can be, there is a thin line between excitement and addiction when it comes to gambling. Understanding betting odds and trends is one thing, but the biggest risk in NHL betting is being responsible with your decision-making.
Start with a clear-cut budget and stick to it; the rule of thumb is to bet 1% of your bankroll. Essentially, the idea is to only bet what you can afford to lose and no more.
Thorough Research on Teams and Players
No matter how many betting tips you incorporate into your sports gambling, the key to optimal results remains thorough research and understanding of the game. So before NHL betting, find out all you need to know. Here are the important factors to look for:
- Recent Form
- Players’ personal records
- Injuries
- Suspensions
- Head-to-Head stats
This critical information will help you make an informed decision. Moreover, this research will also help you with the other key betting strategies mentioned above in the article.
Take Advantage of Promotions and Bonuses
The NHL is the premier ice hockey competition in the entire world, and countless online gambling sites provide you with the opportunity to gamble on it. To entice new customers, these platforms offer bonuses and promotions. The purpose of these bonuses is to give you an increased chance of winning with a lower risk of losing.
When you sign up for a bonus, read the terms and conditions carefully to find out how you can avail yourself of it. You must understand the requirements and restrictions of the bonus before placing your bet of the day.
Types of NHL Bets
NHL betting is not one-dimensional; there are several types of bets available for NHL games. However, understanding the key differences between each of these bets is essential. Before we go into the details of each of the types, you must make sure to follow the NHL schedule. The schedule, alongside other game betting features, can be found on any casino betting site, such as Bet Canada.
Keeping in mind the hockey odds, we have carefully curated a list of the most popular types of bets in hockey betting:
Moneyline Betting
The simplest type of NHL betting is called moneyline betting. Here, you simply place a sports bet on a team you think will win the game outright. For instance, suppose the Detroit Red Wings were playing the Florida Panthers with odds of -120 for the Red Wings and +150 for the Panthers.
You would need to bet $120 on Red Wings to have a bet win of $100. However, while betting on the money line with the same amount, you would win $150.
Puck Line Bets
Another famously used type of NHL betting is called puck line bet. Here, you bet on the margin of victory. For instance, suppose the Red Wings and Panthers were having an NHL game. If you were to place a hockey puck line bet with the odds of -1.5 for the Red Wings, they would need to win by a margin of 2 or more goals for you to win. Puck line bets are more risky, but they offer you larger bet wins.
Over-under Bets
In NHL over and under picks, the sportsbook platform sets the total score of the game. Suppose the total score set is 5.5; you will have to place a bet to decide whether the total score will be under 5.5 or over that.
If you choose to bet over, the score will have to be 4-2 or more for you to win. If you choose under, it will have to be 3-2 or less for you to win.
Prop Bet
In NHL betting, you can gamble on different events that may or may not occur during a match. For instance, you can choose to place an NHL prop bet on the total number of shots a player is likely to have in a game.
Other examples of NHL props include placing bets on which team may score the first goal. The key to predicting the events is to have a thorough understanding of the teams, players, and their recent forms.
Futures Bets
Did you know that you could place bets on the future outcomes of games in NHL betting? In NHL futures, bettors place bets on things like which team will win a certain NHL competition, such as the Stanley Cup.
Moreover, you can also place an NHL future bet on a player winning the Hart Memorial Trophy that is awarded to the player of the season. The NHL futures odds are the highest, and this type of NHL betting can be the riskiest.
