1. How To Interpret Betting Odds
2. How To Read Betting Lines
3. How To Read The Odds

Thanks for visiting ExplainBettingOdds.com, where we will help you understand exactly how to read NHL betting odds. The NHL is a fast-paced sport, complete with a ton of action and wild entertainment. And with 82 games during the regular season, plus the playoffs, that provides both oddsmakers and bettors alike with a lot of opportunities when it comes to betting lines for the sport. The NHL has a number of different betting odds which are formed during the season for each matchup. Here on this page, we detail what types of lines you will see online sportsbooks come out with during the season, and explain them so that they are easy to understand. The NHL is definitely a different type of sport to wager on than for example the NFL. Actually, Major League Baseball betting lines could be compared most similarly to that of the NHL. So let's check out what betting lines you can expect to see formed for the NHL.

Decimal odds are probably the easiest to use of the three systems. However, UK bookmakers also like to express odds using fractional odds.While decimal odds tell the punter how much total will be returned on a 1 unit stake bet, fractional odds tell the punter how much profit will be returned on a 1 unit stake bet. Using the same example as above for how to read betting odds in the fractional. NHL Team prop betting odds are lines formed for games and during the season that do not really relate to the direct outcome of the game. For example, a team prop in a specific game might be something like the first team to score a goal in the match up. The bet is placed, and once the first team puts one in the back of the net, the bet is closed. But read this betting odds explained guide to help to understand. In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).

How To Bet On The Spread In The NHL

The NHL Goal line is a type of spread installed for each game on the schedule during the week. But unlike the NFL or NBA, the NHL goal line is a set number a 1.5 goals. A team will then be set in the role of having to cover that spread, which is always the team that is set as the favorite on the moneyline. We will get into the moneyline further down below. But for this purpose, consider the team that has to cover the 1.5 goal line with a two-goal win or more as the favorite to win the game out right. Every game is installed with this goal line, though most of the time the team picked as the one having to win by two goals or more is not the favorite to cover the spread. That's because statistically, the majority of hockey games are decided by one goal or less, or result in a tie. Payouts around the goal line can actually vary quite a bit, and you can see some big disparities between the team having to win by two or more goal, and the one that can still lose by a goal and cover.

Article: How To Read Point Spreads

NHL Moneyline Betting Odds Explained

Just like a goal line, every match up in the NHL is installed with a moneyline. This is a straightforward wager, where the bet is placed on the team to win the game outright, with no goal line or any type of spread involved. If you bet on the Canucks to beat the Islanders, the bet is won if Vancouver wins the game, no matter what the score is. This sounds easier right? Well it is. But you can see a disparity in the payouts. The favorite on the moneyline will obviously payout quite a bit less than a bet that would be made and potentially won on the underdog.

Here in this moneyline example, the Canucks are set as -300 favorites on the betting line. That means for every $3 wagered on Vancouver to win, a $1 profit is returned. In the role of the underdog, New York is going off at 2/1 on the payout.

NHL Over / Under Bets Explained

The goal total betting line is a game line set down with the total number of goals for a game between both teams. Oddsmakers will research the two teams, and then come up with an over/under goal total for the specific matchup. The wager is made on the actual scoring total of the game going higher, or lower, than the oddsmakers' prediction. Payouts for this wager are right around even.

Article: How To Read Over / Under Betting Odds

NHL Team Props Explained

NHL Team prop betting odds are lines formed for games and during the season that do not really relate to the direct outcome of the game. For example, a team prop in a specific game might be something like the first team to score a goal in the match up. The bet is placed, and once the first team puts one in the back of the net, the bet is closed. The rest of the game does not have any effect on the outcome of this particular wager. Prop betting odds reduce many of the variables in a game, and are smaller bets within a game. By smaller, we do not mean the amount that can be wagered; only that it's not a bet on the outcome of the game.

NHL Player Props Explained

Player prop betting odds for the NHL are just like team props, only related to specific players. Within a game, we could see as many as 30 or 40 prop betting lines set down for players. They range in nature, and typically revolve around the number of goals or assists, or a combination thereof for players during the game. The bet is made on the number installed for a player, whether it be one goal or 1.5 goals or whichever number. The wagered would then be made on the actual total going over or under that installed number from oddsmakers and online sportsbooks.

How To Read NHL Live Betting Odds

Betting live on sports is definitely something that is becoming more and more popular in this day and age. With the increase in technology and the accessibility of online sportsbooks, live betting is available right at your fingertips. As far as the NHL is concerned with live betting, it is available for games. Not every single game is available for live betting, but online sportsbooks will establish which ones are. From there, the available betting lines will also be shown. Alternate moneylines, team and player props are what are typically available. With live betting, odds are obviously changing every couple of minutes, making for a fun and exciting way to bet sports.

How To Read Stanley Cup Betting Odds

Stanley Cup futures wagers are a betting line which is formed during the season. In fact, these odds come out the day after the championship from the previous season is won. The bet is placed on the odds to win the Stanley Cup for the upcoming or current season. These odds are not set in stone, and do change during the season as teams do well, or fall out of contention.

Bovada Sportsbook - NHL Games Big On Bovada!

The reason that may fans come and sign up for an account with Bovada is because of the variety of games that can be bet on. Hockey is a sport that goes know but barely talked about but is still bet on often. Bovada knows that even though there are a few hockey fans everywhere, having the games on their sportsbook only means that more players will sign up and wager on NHL soon as the puck drops. This means that live betting feature that is present to all account holders can be very busy when it comes to all these games that last a few hours sometimes.

There are so many different money lines and also different betting odds that will be here for players to check out. The fact that there are many different prop bets here as draws a huge crowd of players and that means more and more players will drop money on a bet that could win them a lot of money. Check out the bonuses as well that could make a difference in how much money players can put on their account.

MyBookie Sportsbook - MyBookie The Best Place To Bet On NHL Games

Now for the most part players like to go on their online sportsbooks a place their bet and leave. With MyBookie, placing your bet is only the tip of the iceberg as far as what players can do on their account. With so many different betting options here on MyBookie, the NHL is one of the sports that after you place your bet, you can find other things to get into like checking out other money lines and also participate in live betting feature that it offers.

There is also a mobile betting feature here on MyBookie as well that lets players log in and check on their bets and even place other wagers while they are out of the office or not close to a computer. The games that are being seen will always show up as options and with the NHL season, there will always be plenty of games up on MyBookie so there is no reason for a player to be bored with this account they have!

If you are new to sports betting in India, then understanding match odds is one of the most important aspects of betting to learn. If you think that Moneyline odds, decimal odds and fractional odds are only used to calculate how much money you get back from winning a bet, you would be wrong.

Betting Odds are closely associated with understanding the probability of an event to happen. Apart from that, odds also reveal whether a bookmaker presents proper value with their odds or not. Since the odds are so important, it is also necessary for a punter to interpret these odds. Odds are generally presented in three ways – Moneyline or American Odds, Decimal Odds, or Fractional Odds. So, if you want to interpret the cricket match odds, you have to identify the format in which these odds are presented and then work with it.

Moneyline (American) betting Odds

Moneyline odds are also referred to American odds since it is popular in the United States. It can be quite a complicated system for a layman to crack, but it reveals a lot of useful information in one go. Moneyline odds format can be either positive or negative. Any underdogs in a game are represented with a + or positive sign, for example, +200. If the odd is preceded by – sign, then it indicates the favourites of the match, for example, -150.

Positive Moneyline odds illustrate how much profit a winning wage would make. Let’s say that there is a match between India and Bangladesh with odds -150 and +120 respectively. So, if any individual backs Bangladesh with odds of +120, it means a bet of Rs. 100 could win Rs. 120. So the total return would stand at Rs. 220. On the other hand, negative Moneyline odds illustrate how much money you need to spend to profit from Rs. 100. If you back to India with odds of -150, you have to make an Rs. 150 bet to win Rs. 100. Hence, the total return would be Rs. 250 as you get your stake back.

The calculation required to find the potential profit you will make while using Positive Moneyline odds (underdog) is quite straightforward:

Bet placed * (odds/ 100) = Potential profit

The calculation to find the potential profit you will make from Negative Moneyline odds (favourites):

Bet placed/ (odds/ 100) = Potential profit

Apart from positive and negative, there is a third sign associated with Moneyline odds, namely –PK. It stands for Pick, signifying that neither team is an underdog or favourite.

Decimal betting Odds

This is the most straightforward odd format. Decimal odds are commonly used in betting sites. Decimal odds are represented as decimal numbers such as 1.80, which illustrate the amount you get paid out if you win. It allows the punters to understand the competition for prices better by acknowledging smaller increments. It can sometimes get difficult for the players to know which is a higher price among 4/7 and 8/1. Decimal odds signify the price one can win for every Rs. 1 bet placed. In this odd format, the number corresponds to the total payout instead of profit. To be precise, the profit you earned is already included in the decimal odd. A variation of decimal odds is the Hong Kong odds or HK odds where the stake is not added.

The calculation required to find the potential return you will make while using decimal odds is quite simple:

Bet placed x decimal odds = Potential returns

For instance, let’s say there is a match between India and Australia, and the odds in favour of India is 1.80. If you put a bet of Rs. 100 backing India with the decimal odds of 1.80, you will get a total payout of Rs. 100 x 1.80= Rs. 180.

Fractional betting Odds

If you are a new punter in India, you might come across the common fractional odds, also known as UK odds. These odds are demonstrated in the form of a/b, that is, ½ or 2/1. Generally, the numbers are separated by a hyphen (-) like 2-1, or a slash like 2/1 (two-to-one). The first number or numerator in the odd fractional format shows the profit that you will gain after betting the amount represented by the second number.

Since this is a popular format, one can often see it when you are engaged with in-play match odds. The following calculation is useful for finding the potential profit you will make by using fractional odds format:

Bet placed x (a/b) = Profit earned

How To Interpret Betting Odds

In the above equation, “a” refers to the first number, and “b” refers to the second number in the fraction.

For instance, if you bet Rs. 50 on India to win a match against Pakistan at odds of 2/1 implies that you are going to get a payout of Rs. 50 x 2 = Rs. 100.

IPL Betting Online: Indian Premier League 2020

2/4, 7/5, 11/2 and 6/4 Betting Odds Explanation

These are some of the common examples of popular fractional odds:

2/4 Odds

The fractional odd 2/4 means that for every Rs. 4 bet, you will make a profit of Rs. 2 if the bet lands. Hence, you get a total of Rs. 6 with each win (The profit + your stake). Converting 2/4 odds to decimal odds format, you will get a result of 1.50. In Moneyline format odds, it’s -200.

How To Read Betting Lines

For example, if there is a match between India and Bangladesh and you bet Rs. 100 on India beating Bangladesh. If your bet wins, you get Rs. 150 in which Rs. 50 is the profit, the Rs. 100 is the original stake.

How To Read The Odds

7/5 odds

Fractional format odds of 7/5 shows that you will get Rs. 7 in return for every Rs. 5 you bet. By converting 7/5 odds into decimal odds format, you will get 2.40.

For instance, if you put an Rs. 100 bet on 7/5 odds, then you will get Rs. 240 in return. It implies that the total profit earned on an Rs. 100 bet is Rs. 140. Generally, odds of 7/5 signify a slight underdog (+ve sign) unless it is a close match.

11/2 odds

Wagering on fractional odds of 11/2 indicates that you will be making a profit of Rs. 11 when you stake only Rs. 2. Generally, these fractional odds are available on long shots. However, your prediction needs to come out right if you want to make a high profit.

For example, if you bet Rs. 100 on odds of 11/2, you will make a profit of Rs. 550. It means you will get a total of Rs. 650 in return.

6/4 odds

In this fractional odd, you get Rs. 6 as profit on betting Rs. 4. By converting fractional online betting odds of 6/4 into decimal odds format, it comes out to be 2.50.

For example, if you wager Rs. 100 at odds of 6/4, then it would bring you Rs. 250 in return. It means you will earn a profit of Rs. 150.

Some Indian punters prefer to convert fractional odds format into decimal odds before calculating payouts. For converting fractional odds into an odd decimal number, you need first to add 1 in the output. So, 7/5 fractional odds will become (7/5) + 1 = 1.4+1 = 2.4 as decimal odds. If you want to enter the world of betting, it’s crucial to interpret betting odds in different formats. While fractional odds and decimal odds are the most common ones, understanding the different kinds of cricket odds is always beneficial to make strategies. These odd formats will also make it easier for you to browse different operators and go for the operator offering the best odds.