Best Betting & Sportsbook Odds NHL Ice Hockey

Betting Lines NHL today

Hockey fan? Awesome. Not a hockey fan? Also fine! You don’t have to love the sport to diversify your EV betting strategy with some on-the-ice action. We’re giving out top tips for betting lines NHL today.

We’ll be exploring whether you should bet in-play with live betting odds and lines NHL or not and how to choose the best sportsbook odds and lines NHL for you, as well as whether loyalty to one particular sportsbook pays off. We’ll go through different odds and lines formats like European and American systems, and really dive into sportsbook odds and lines hockey with some relevant, concise information.

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Why should you compare odds and lines before placing bets?

To some, this question will sound ridiculous. To others, it will seem strange for opposite reasons. Many beginners may look to online gambling as the effort-free form of gambling where low amounts of concentration and focus are required, and extra steps such as researching odds and lines for bets aren’t needed. This couldn’t be further from the truth – especially if you want to explore EV betting.

Research forms a fundamental core of how you interact with betting lines NHL today and how you find the best live betting odds and lines NHL. Without it, we would all be lost – so it’s important, perhaps now more than ever with the popularity of the internet and availability of information, to compare odds from different sources before placing any bets.

How do sportsbooks come up with their odds and lines?

Whether it is betting odds NHL, sportsbook odds and lines soccer or any other sporting event, we can assure you that they don’t just pull those numbers out of thin air. No, a number of factors go into whether a sportsbook shows one set of odds and lines or another for fixtures, and research is the key to everything. If you’re only looking at odds and lines in isolation when you’re betting and you’re not consuming any other relevant sports betting information, then you’re putting yourself at a huge disadvantage.

This is because other gamblers will do the research and take the time to place the bets which will be most profitable to them, and sportsbooks do the same thing every time they put up odds and lines for fixtures. Everyone else is doing their time when it comes to finding out about fixtures, teams, injuries and more for betting odds and lines on NHL and seeing how live online betting odds and lines NHL can change, so you really do need to step your game up if you want to fit into this framework.

How do sportsbooks come up with different odds and lines to each other?

This one is a bit more of an interesting question with an equally interesting and multifaceted answer. You would think that market research on sportsbook odds and lines NHL would lead to similar results for odds and lines, and it often does, but you have to remember that no one can accurately predict the outcome of ice hockey matches every time that they happen.

Regardless of whether you are looking at ice hockey games or any other betting market (for example, sportsbook odds and lines football markets). It’s always going to come down to what you know about the teams, the players and the fixture itself, and then a little helping of luck. This is why betting in-play can be useful with live betting lines NHL today (as well as with a number of other events including betting lines NCAAB today), because odds change while the hockey game is happening and reflect the current situation. Furthermore, sportsbooks are humans at the end of the day. They will have different opinions on teams and different ideas about how they will perform. Add on the fact that sportsbooks will have their own specific profit margins to include and you can easily see why odds and lines end up differing.

Odds and lines formats demystified – what are they and how do they work?

Any beginner online gambler would be forgiven for scratching their head a little when wondering about the different formats that the best betting odds and lines NHL come in. There are three main formats that are used across the internet to display odds for different fixtures, and they originate from three distinct regions: Europe, Britain/Ireland, and the US. Usually, you can change between formats on an online sportsbook or use a sportsbook odds and lines calculator to convert the odds and lines you have, but you still need to find one out of the three (at least!) that you understand, like and feel comfortable betting with. Let’s first take a look at the European system and break it down.

European odds – the decimal system

Decimal odds come in the form of a number with a decimal point in the middle of it, such as ‘3.00’ or ‘2.24’. This number represents how many dollars you get for every single dollar that you stake in your wager. For example, there may be two betting odds and lines hockey teams playing against each other and both teams will have different odds and lines to win:

  • Team One: 5.55
  • Team Two: 2.36

If you bet $100 on Team One to win against Team Two (and they do), then you will receive $555. However, if you bet $100 on Team Two to win against Team One (and they do), then you will receive $236. From looking at these odds and lines, it’s likely that Team Two are the favorite to win but betting on Team One could be profitable – if there is a fair chance that they will win.

British/Irish odds – the fractional system

Far from being a fractured system, the traditional British and Irish odds format of fractions where you earn the first number in the fraction for every second number in the fraction amount of dollars that you stake is widely popular. The fractions are usually presented with the two numbers on either side of a slash, such as like this:

  • Team One: 4/1
  • Team Two: 7/1

If you bet $100 on Team One to win the ice hockey match, then you could receive $400 if they win, plus your initial stake. Equally, if you bet $100 on Team Two to win the match, then you could win $700. This is one of those odds formats that a lot of people are familiar with, so it can be a great format to start trying to learn.

American odds – the moneyline system

Now let’s look at the US approach, also known as the moneyline odds format. There are two symbols which you’re going to want to look out for when it comes to these odds: a plus and a minus symbol. Perhaps slightly confusingly, the minus symbol denotes favorites while the plus symbol denotes underdogs. Odds may look like this:

  • Team One: +800
  • Team Two: -340

For Team One, you would need to bet $100 to receive $800 plus your initial stake back if the team wins. For Team Two, you would need to bet $340 to receive $100 plus your initial stake back if that team wins instead. This can be a really effective system once you get used to it, but its unique nature might make it a little off-putting to beginners who aren’t familiar with it.

Expected value and you – how does it work?

We’ve briefly mentioned EV betting earlier in this guide, so we’re going to revisit it now to make sure that everyone is on the same page when it comes to what EV betting is, how it works and whether it’s right for you.

Let’s tackle that first question first because it’s a fairly easy-to-answer one. Do you like gambling? If the answer to that question is ‘no’, then we have to ask why you’re reading this article! However, if the answer is ‘yes’, then do you want to stabilize and improve your monthly winnings from gambling?

Those who do will want to look into EV gambling, something that we cover extensively on this site. We make sure that you know everything you need to know about how to get started with EV betting, some tips and tricks for your first few months of betting and some pointers on what to avoid when it comes to betting lines hockey and the best betting odds NHL as well as other sports.

Will being loyal to one sportsbook help me in the long run?

We’re going to keep this answer short and sweet because we know it’s going to be a painful wake-up call for some people: no. As much as it would be a lovely reality if we still lived in a world where brand loyalty actually meant something almost all of the time, we are currently in the fast-paced digital era where attention spans are low and loyalty is even lower. Switching is often the best way to get a good deal.

You don’t have to go with another sportsbook for every bet, but make sure you view all of your options before deciding on one in particular. Otherwise, you’re shooting yourself in the foot when it comes to finding sportsbook odds and lines hockey because you’re limiting the odds and lines you can see and the information that you have available to you for research.

If loyalty isn’t everything, then what is?

Don’t get us wrong – there are some aspects of remaining loyal to a brand that can help you out. For example, loyalty programs where you can earn points to rank up and get VIP rewards. However, you can use these in conjunction with other sportsbooks’ loyalty programs, so there’s no need for absolute exclusivity.

You may want to look at the promotions offered by a sportsbook to get a feel for how the site runs and how you might be able to take advantage of those sportsbook bonus codes while betting.

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Comparing odds/lines or taking on live betting

These two different styles of gambling may seem to be at odds with each other – if you’ll excuse our little pun – but the truth of the matter is that live betting is just a little bit faster-paced than traditional betting. The odds and lines are always fluctuating and you have to pay attention to the game to know what’s going on and see some context for why the game is being changed up. Taking opportunities such as moments when odds and lines stabilize at half time or commercial breaks to place wagers is certainly a smart move.

Conclusion for betting odds and lines on NHL

Whether you’re an avid hockey fan or you just want to bet on something different for a change, the NHL sports betting odds and lines can be of great interest. Newer gamblers will want to learn a format that betting odds and lines hockey comes in and make sure that they’re comfortable enough with using it to bet. Everyone should be investigating betting lines hockey to see how best you can place wagers on betting odds and lines NHL playoffs for maximum returns.

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Best betting odds and lines NHL FAQ

👉 Where can I find the best sportsbook odds and lines NHL?

Unsurprisingly, you will find these on sportsbook websites, but we’re not here to be facetious. Instead, we at Promoguy.com have come up with an excellent guide to take you through the best ways to find and use the best sportsbook odds NHL so that you can bet smartly and effectively. We also provide expert guides on a number of other sports, including sportsbook odds and lines basketball.

🤔 Who decides on the betting lines NHL today?

We love the idea that one specific person is behind all of the odds and lines displayed by various sportsbooks – what power that person would have! – but it’s unfortunately not the case. We go into how sportsbooks decide on odds and lines in our guide, showing you the ins and outs of the industry and cover a huge range of sports that includes everything from the NHL right through to betting lines NCAAF today.

🏒 What do sportsbook odds and lines hockey mean?

Many new gamblers will be put off by the learning curve that is betting odds and lines formats. Just like reading music, it can be seen as a barrier that must be bypassed rather than the useful tool that odds formats usually are. We explore this subject in more depth at Promoguy.com, as well as other popular areas such as sportsbook odds and lines baseball.

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