How to Bet Responsibly on the NHL

11 min read
Dec 27, 2023, 6:56 PM
Author
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief
Fact checked by:
Paruyr Shahbazyan
Paruyr Shahbazyan
Founder
Last Updated: Sep 12, 2024, 11:06 AM

Before the Puck Drops

As one of the oldest professional sports in the world, the NHL also has a rich history of sports betting. At RG, we’re committed to providing you with an NHL Betting guide tailored for both the US and Canadian betting markets. Whether you're a seasoned bettor or new to the rink, our guide will take you through every aspect of NHL betting, from understanding the odds to making informed wagers.

We'll dive into the nuances of legal online sportsbooks, explore user-friendly sportsbook apps, and share strategic insights to enhance your betting experience. Our guide isn't just about placing bets; it's about understanding the game, the teams, and the odds to make every bet count.

Remember, while we revel in the thrill of the game, our priority remains your safety and informed decision-making. 

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Understanding the Basics of NHL Betting

Making informed NHL bets requires a solid understanding of its fundamentals. This section aims to introduce you to the core concepts of NHL betting, including the various types of bets such as Moneyline, Puck Line, and Totals. We'll also clarify how odds work and how payouts are determined. Whether you're new to the rink or looking to refine your betting strategies, this primer is your first step towards making informed and responsible wagers in the exciting world of NHL hockey.

Types of NHL Bets:

Betting MarketDescriptionExample
MoneylineBetting on which team will win the match.New York Rangers (-150) vs. Boston Bruins (+130)
Puck Line (Spread Betting)Betting on a set number of goals the favorite is expected to win byToronto Maple Leafs (-1.5) vs. Montreal Canadiens (+1.5)
Totals (Over/Under)Predicting the total number of goals scored by both teams.Over/Under 5.5 goals in a game between Chicago Blackhawks and Detroit Red Wings
Prop BetsBets on specific events within a game.Connor McDavid to score the first goal in an Edmonton Oilers game
FuturesBets on future events, like championship winners.Colorado Avalanche to win the Stanley Cup
Period BettingBetting on the outcome of a specific period.Tampa Bay Lightning to win the 1st period against the Buffalo Sabres
Correct ScorePredicting the exact final score of the game.Nashville Predators vs. St. Louis Blues to end 3-2
Grand SalamiTotal number of goals scored in all games on a particular day.Over/Under 52.5 total goals on a day with 10 NHL games
60-Minute Line (Regulation Time)Outcome at the end of regulation time.Ottawa Senators to lead against the Florida Panthers at the end of regulation
Double ChanceWager on two out of three possible outcomes.Minnesota Wild to win or draw against the Los Angeles Kings at the end of regulation
Highest Scoring PeriodBetting on which period will see the most goals.2nd period to be highest scoring in a game between Colorado Avalanche and Dallas Stars
Player Points (Goals + Assists)Total points a specific player will score.Connor McDavid to score over 1.5 points in a game
First Team to ScoreBetting on which team will score the first goal.New York Islanders to score the first goal against the Arizona Coyotes
Last Team to ScoreBetting on which team will score the last goalVancouver Canucks to score the last goal against Edmonton Oilers
Player to Score a GoalBetting on a specific player to score a goal during the game.Auston Matthews to score a goal in the Toronto Maple Leafs’ game

How to Bet on Hockey: A Step-by-Step Guide to Placing Your NHL Bets

  1. Choosing a Sportsbook: Start by selecting a sportsbook from RG's Top Rated US Sportsbook reviews. Consider factors like user experience, betting options, bonuses, and customer service.
  2. Signing Up at the Sportsbook: Create an account by providing the necessary information. Ensure you meet all legal requirements, such as being of legal betting age and within a state where sports betting is legal.
  3. Making a Deposit: Fund your account using the available deposit methods. Look for options that suit your preferences in terms of transaction speed, fees, and security.
  4. Choosing the Bet: Navigate the sportsbook's NHL section. Familiarize yourself with the available bets, including moneyline, puck line, totals, and props.
  5. Placing and Paying for the Bet: Once you've made your selection, enter the amount you wish to wager and confirm your bet. Ensure you're betting within your budget and following responsible gambling practices.

Understanding Odds and Payouts

Odds in NHL betting are typically in American format. Positive numbers show the potential winnings on a $100 bet, while negative numbers indicate how much you need to bet to win $100. For instance, if the Vegas Golden Knights are -200 against the San Jose Sharks, you need to bet $200 to win $100. Conversely, if the Sharks are +170, a $100 bet would win you $170.

Understanding these basics is essential for responsible gambling. It ensures you are making educated bets, aligned with your knowledge of the sport and your financial comfort. Remember, betting should always add to the enjoyment of the game, not detract from it.

As a responsible gambler, it's important to understand these basics to make educated decisions. Betting should always be an enjoyable activity, aligned with your knowledge of the game and your financial comfort zone.

Responsible NHL Best Betting Practices

1. Focus on Goaltending

Goaltenders are the backbone of every NHL team, and their performance has a significant impact on game outcomes. Before placing a bet, always check who is starting in goal. Some teams may rest their starting goaltender, especially during back-to-back games, which can lead to drastically different performances.

  • Tip: Track goalie stats like save percentage (SV%) and goals-against average (GAA) to get a clearer idea of how they might perform.
Example
In the 2021-2022 season, betting on the New York Rangers without confirming Igor Shesterkin’s start led to inconsistent outcomes, as the team performed significantly better with him in net.
2. Analyze Home-Ice Advantage

Home teams in the NHL often have a slight edge, but it’s important to look at each team’s specific record. Some teams thrive in front of their home fans, while others might perform better on the road.

  • Best Practice: Compare a team’s home and away records before placing bets. Some arenas, like the Bell Centre in Montreal, are known for giving teams a notable advantage due to crowd intensity.
3. Avoid Betting on Emotions in the Playoffs

NHL playoff games are exhilarating, but betting purely based on emotion or fan loyalty can lead to poor decisions. The stakes are higher, and underdogs often pull off surprising upsets.

  • Best Practice: Stick to your pre-determined strategy and limits. Don’t increase bet sizes simply because it’s the Stanley Cup Playoffs.
Example
During the 2020 Stanley Cup playoffs, the Dallas Stars’ unlikely run caught many fans off-guard. Those who remained objective and stuck to research rather than emotions were able to capitalize on their surprising success.
4. Track Injuries and Fatigue

Hockey is a grueling sport, and players frequently deal with injuries, especially during mid-season or back-to-back games. Be sure to check the injury report before every game, especially for key players like top goal scorers, defensemen, or goalies. Fatigue can also impact team performance during long road trips or after intense physical matchups.

  • Expert Insight: Teams that play physical games against division rivals are often worn down in their next outing. Pay attention to the previous game’s intensity and injury list.
5. Use Advanced Statistics

While traditional stats like goals and assists are useful, NHL betting can benefit from digging deeper into advanced analytics. Stats like Corsi (a measure of puck possession) and Expected Goals (xG) can help give a better indication of which teams are outperforming or underperforming.

  • Best Practice: Integrate advanced stats into your betting strategy. Teams that have good possession metrics but have been unlucky in scoring may offer value in the betting market.
Example
The 2019-2020 Carolina Hurricanes were a possession-dominant team, and while they didn’t always get results early in the season, bettors who trusted the data were rewarded later as they began converting chances into wins.
6. Limit Your Exposure to Parlays

Parlays are tempting due to the high potential payout, but they are also much riskier. NHL games, particularly close matchups, are unpredictable, and the more games you add to a parlay, the lower your chances of winning.

  • Best Practice: Stick to single bets or smaller parlays that involve just two or three legs. Focus on quality over quantity to manage risk.
7. Monitor Special Teams

Special teams—power plays and penalty kills—are critical in NHL games. Teams that excel with the man advantage or have strong penalty-kill units can swing the momentum of a game. Before betting, check each team’s recent power play and penalty kill success.

  • Tip: A team struggling on special teams may be more likely to lose close games, so avoid betting heavily on teams with weak power-play or penalty-kill statistics.

Betting Strategies for NHL Betting

NHL betting, like the sport itself, requires a blend of skill, strategy, and awareness of the game's nuances. Whether you're just starting or looking to refine your approach, understanding effective betting strategies is crucial.

Basic Betting Strategies for Beginners

Moneyline Bets: For those new to NHL betting, starting with moneyline bets is advisable. They are straightforward and a great way to get accustomed to the betting process.

  • Follow the Form: Pay attention to the recent performances of teams. A team on a winning streak might be a safer bet, but remember, underdogs can offer value.
  • Mind the Goalies: The starting goalie can significantly impact a game's outcome. Always check which goalie is starting before placing your bet.
  • Home Ice Advantage: Consider the home-ice factor. Teams often perform better at home, so factor this into your betting decisions.

Advanced Strategies for Experienced Bettors

  • Puck Line Bets: Once comfortable with moneylines, explore puck line bets. This requires understanding the teams' playing styles and their ability to win by multiple goals or keep the game close.
  • Live Betting: This involves betting on games as they happen. It requires quick decision-making and the ability to read the game's flow. If a strong team is down early but playing well, they might be a good bet to come back.
  • Hedging Your Bets: This strategy involves placing bets on different outcomes to guarantee a profit or minimize potential losses. For instance, if you have a futures bet on the Pittsburgh Penguins to win the Stanley Cup, you might bet against them in individual playoff games to ensure some return.

Importance of NHL-Specific Variables

  • Team Performance Trends: Look for trends like how a team performs on back-to-back nights or at the end of a long road trip.
  • Special Teams: Pay attention to teams' power play and penalty kill percentages. Strong special teams can be a critical factor in a team's success.
  • Weather and Travel: These can affect players' performance, especially for outdoor games or during grueling travel schedules.

Understanding Injury Reports, Line Movements, and Referee Impact

In NHL betting, certain elements can significantly influence the outcome of a game and, consequently, your betting success:

  1. Injury Reports: The health and availability of players, especially key ones, can dramatically alter a team's performance. Regularly check injury reports to stay updated on player statuses. 
  2. Line Movement: This refers to the changes in betting lines set by sportsbooks. It's important to understand why lines move, as they can indicate factors like injuries, public betting trends, or even insider information.
  3. Referee Impact: Different referees can have varying styles that may affect the game's flow and the number of penalties called. Understanding a referee's tendencies can offer insights into how a game might be officiated.

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How to Bet on the NHL FAQs

Understanding the Basics of NHL Betting

What are the different types of NHL bets?

Moneyline, Puck Line, Totals, Prop Bets, Futures, Period Betting, Correct Score, Grand Salami, 60-Minute Line, Double Chance, Highest Scoring Period, Player Points, First/Last Team to Score.

How do NHL betting odds work?

American odds format is used. Positive numbers indicate potential winnings on a $100 bet, and negative numbers show how much you need to bet to win $100.

Strategies for NHL Betting

What are some basic betting strategies for beginners?

Start with Moneyline Bets, follow the form and performance of teams, mind the goalies, and consider home ice advantage.

What advanced strategies should experienced bettors consider?

Explore Puck Line Bets, Live Betting, and Hedging Your Bets. Understand team performance trends, special teams dynamics, and the impact of weather and travel.

Leveraging Technology and AI in Hockey Betting Strategies

How is AI transforming hockey betting?

AI offers advanced data analysis, predictive modeling, real-time betting assistance, personalized betting experiences, and enhanced risk management.

Managing Your Bankroll

What are the key tips for managing your bankroll in NHL betting?

Understand the types of bonuses, use them to explore different bet types, and always read the terms and conditions.

Utilizing Bonuses and Promotions

How can bettors effectively use bonuses and promotions in NHL betting?

Understand the types of bonuses, use them to explore different bet types, and always read the terms and conditions.

How to Bet on Hockey: A Step-by-Step Guide

What are the steps for placing NHL bets?

Choose a reputable sportsbook, sign up and make a deposit, choose your bet type, place and pay for your bet responsibly.

Exploring Professional Hockey Leagues in Online Sportsbook Betting

What other professional hockey leagues can you bet on besides the NHL?

AHL, CHL in North America, KHL, SHL, Finnish Liiga, Czech Extraliga, Swiss National League, and DEL in Europe.

Differences Between NHL Betting and NCAA Hockey Betting

What are the key differences between betting on the NHL and NCAA hockey?

Differences in betting market depth, game scheduling, availability of information and statistics, player consistency, and impact on public betting and line movement.

Final Thoughts

What should be remembered for a safe and enjoyable NHL betting experience?

Stay informed, consider all relevant factors like injury reports and line movements, bet within your means, and enjoy the game responsibly.

<p>Sol has over 20 years of experience in writing for diverse industries including sports, gambling, regulation, technology, and startups. As the Editor-in-Chief at RG, Sol brings a wealth of knowledge and expertise to the role, focusing on delivering transparent, evidence-based content grounded in thorough research. Sol's mission is to empower readers to enjoy gambling responsibly and make informed decisions, enhancing their overall experience through insightful and engaging content. Under Sol's leadership, <a href="https://www.rg.org">RG</a> prioritizes the highest standards of integrity and reliability, ensuring that all information provided is accurate and trustworthy. Sol's dedication to transparency and research-based writing helps create a responsible gambling environment where readers can truly benefit from the content. This commitment to excellence has positioned RG as a leading source of information in the gambling industry.</p><p><strong>Experience:</strong></p><ul><li>Over 20 years in writing and editing across multiple industries</li><li>Former head of regional innovation at BMO Financial Group</li><li>Senior Writer, Online Casino Reports</li></ul>
Interests:
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Meet our Authors

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

 ExperienceYear
Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG

 

Principles and Ethics

Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.

 

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief

Sol has over 20 years of experience in writing for diverse industries including sports, gambling, regulation, technology, and startups. As the Editor-in-Chief at RG, Sol brings a wealth of knowledge and expertise to the role, focusing on delivering transparent, evidence-based content grounded in thorough research. Sol's mission is to empower readers to enjoy gambling responsibly and make informed decisions, enhancing their overall experience through insightful and engaging content. Under Sol's leadership, RG prioritizes the highest standards of integrity and reliability, ensuring that all information provided is accurate and trustworthy. Sol's dedication to transparency and research-based writing helps create a responsible gambling environment where readers can truly benefit from the content. This commitment to excellence has positioned RG as a leading source of information in the gambling industry.

Experience:

  • Over 20 years in writing and editing across multiple industries
  • Former head of regional innovation at BMO Financial Group
  • Senior Writer, Online Casino Reports
Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambler team.

Sergey Demidov
Sergey Demidov
Head of News Department

Sergey has been in sports journalism since 2007 as a reporter, editor, and manager. He has covered the Olympic Games, soccer World Cups, the World Cup of Hockey in 2016, the European championships, the Stanley Cup Finals, IOC events, and many others. Sergey interviewed the sport's greatest athletes, coaches, and executives. Since 2016, he has been an Independent Senior Editor of NHL.com/ru.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

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