Hockey is the national winter sport in Canada. The game of hockey is enjoyed by loyal fans all over the world, keeping millions of people occupied from October to June. The biggest hockey league in the world is the NHL, with thirty-four (34) teams; 24 teams from the United States of America and 7 from CanadaThe game of hockey is not just a great sport to watch but also a great sport to stake your money on and turn your fandom into something profitable. During the NHL season, fans are always eager to bet on games, and so NHL odds become significantly in high demand. There are different betting sites that one can stake money on during the NHL season.
However, for fans in Canada, selecting the best betting sites be it NBA, NHL or soccer betting websites to make a sportsbook is quite dicey, being that gambling has only recently been legalized only in the largest part of the country, Ontario. Canadian NHL fans who are interested in staking their money on their favorite teams do not have an unlimited choice of betting sites to choose from, unlike fans from other countries where gambling has been legalized.
This guide article will provide you with the best NHL betting Info you need; new betting sites that are licensed in Canada, betting tips for both beginners and advanced bettors, an understanding of the terminology and what it takes to make a good NHL sportsbook.
How to Select the Best Options That Are Available For NHL Betting Websites
Although gambling has become legal in Canada, not all betting sites have licenses to operate in the country and specific locations. It is important to check for the following in any betting site that you are interested in.
- Confirm that the betting company is licensed in your province: This is because any site that has been licensed by the appropriate regulatory bodies will follow the rules that govern them. Choosing a licensed site means the security of funds and personal information.
- Take time to read online reviews. As a bettor looking forward to wagering not only on the NHL but betting on mlb with an online betting site, reading reviews from customers who have used the site before would help you in making decisions on which website to trust.
- Ease of deposit and withdrawal methods: Check that the website has a wide range of payment methods for easy deposit and withdrawals.
- The types of markets and odds available on the platform
- Does the betting site have the type of sports you are interested in? Each betting sites have a series of sports that you can stake on. As a lover of the NHL, you should go for a betting site that allows bettors to bet on NHL games.
- Find a betting site that has a good customer service team and is quick to respond. It shows that they are trustworthy and will help new and professional bettors deal with issues they might encounter while betting on the platform.
The rest of this article will teach you some important factors that you need to consider before choosing a sportsbook to bet on that will give you the best sports picks NHL or NBA betting picks.
Types of NHL Bets
The most common type of bet for the NHL is betting on the team that would win the game at the end of each match.This type of betting is called Moneyline betting. Nevertheless, while this type of bet is the most common, there are several other types of NHL bets that you can use and cash out big if Moneyline is not your betting style.
This part of the article will educate you about the different types of NHL bets, from the popular ones to the less popular ones and tell you about the variety of choices available in NHL betting. It will help you to leverage your betting skills in different areas that you were not even aware of and give you flexibility when making sportsbook decisions.
Below are the different types of NHL Bets:
Money Line Bets
This is the most common and simplest type of bet in all betting sites, and most bettors are very familiar with it. It is the type of bet that allows a bettor to stake their money only on the winner. For instance, if Montreal, Canada and Vancouver Canucks have a game against each other, you are free to place your bet on the team you think would win between the two. Now, the betting site might put bigger cash out for the team that is less likely to win. If you bet on the team less likely to win and they end up winning, you would cash out big. On the other hand, if you bet on the team more likely to win, you won’t win so much. Of course, if either of the teams loses, you will lose your bet if you bet on them to win.
Betting companies use odds to level the playing field when playing Moneyline bets. For favorites, the odds aren’t much. On the other hand, the underdogs have much bigger odds, so betting on them would mean a chance to win big.
Puck Line Bets
This is the type of bet you place when you think your team is going to lose the game, but they are still going to play well. The betting sites present the odds as the favorite and the underdog. The favorite is allowed to win, and the underdog is allowed to lose but closely following the favorite. In Hockey, the puck line is always +/-1.5 goals, this means that the favorite has to win the game with more than 1.5 goals if you had placed a bet on them. This also means that the underdog can lose by 1.5 goals or a little lesser and you will still win your bet.
Over/Under Bet & Total Bets
Over, Under, and Total bets are all one and the same type of bet. This is a bet or wager on the total number of goals that both teams would score during the game. The sportsbook will display a prediction of the total number of goals both teams are expected to score together, and you get to pick whether the total score is over or under the numbers that you selected. In sports betting, the lines are mostly set at 5.5 goals. If you bet over, then your prediction is that there will be more than 5.5 (6 or more) goals at the end of the match. The reason why the lines are set at a half-goal is to make sure that there are no ties, even though there are no half-goals in hockey. If you bet under, then your prediction is that there will be less than 5.5 (5 or lesser) goals at the end of the match. It is important to note that your bet is about the total number of goals in the game, and it doesn’t matter if one team scores all the goals or if both teams score evenly.
Period Bets
In Hockey, there are a total of three equal-length periods. In this type of bet, you can bet on each period like its own separate game. It doesn’t matter what happened in the periods before or the period after the one you had bet on; you could also stake three different bets on the three periods. The bet on that period is over as soon as a new period starts.
Future Bets
This is one of the most popular types of bets, and it is usually made at the beginning of the season to predict the outcome of the end of the season. It could be for who will win the championship at the end of the league, a series winner or a particular type of award within the league. At the beginning of the league, all you have to do is bet on the team that you think is likely to win. You could also place a bet as the league progresses but take note that the odds change and increase with the team that is less likely to win.
Proposition Bet
In this type, you will bet on the likelihood of an occurrence.
Here are some of the most popular Hockey Props Bets that you may come across;
- Which of the teams will score first?
- Who will be the first player to score a goal?
- Total number of goals a particular team will score
- Will a goal be scored in the third period?
Prop bets can also involve betting on events happening in the NHL season as a whole, like which team will win the league, and so on.
These are the most sought-after and major types of NHL bets. By learning how and when to use these bets, you will be able to diversify your bets and make wiser decisions.
Remember that you don’t have to use all the different types if you aren’t comfortable with them. You can use the ones you feel comfortable using and win big. Also, remember that they all require different levels of analysis, so be sure to analyze properly before placing your bets.
Best NHL Betting Websites Licensed in Canada
Since gambling became licensed in Canada, quite a number of sports betting companies have been licensed there. This part of the article will tell you about the different sports betting websites that are licensed in Canada and offer odds for NHL.
Bet99
This betting platform was founded in 2020 by BQC consulting company. When sports betting became licensed in Canada, the NHL announced Bet99 as an official partner of the league for a few years and gave fans a chance to stake on games using this platform. The best type of bet for this betting website is the Proposition bet.
Betway Sports
Founded in 2006, it is a remarkable option for NHL sports betting with a high winning rate and a payout speed of 24 hours. The website is easy to navigate, and there are also dozens of other sports to bet on with amazing bonuses for betting sites in Canada .
888sports
This sports betting company was founded in 2008 by 888 Holdings plc. They have a variety of games to select from on their website, including the NHL. With a high winning rate and a payout speed of 24 hours, they keep their new and existing customers glued. This is a great place to start your NHL betting expedition because of the eye-catching promotions and bonuses. Most NHL punters prefer this site because it has the best puck line feature.
Bet 365
This is one of the leading online sports betting companies that was founded in the United Kingdom and has successfully crept into major parts of the world, including Canada. They offer a variety of sports on their website and have the best odds for NHL bets.
Royal Panda
This is a renowned betting site in Canada; it was established in 2014 in Malta. This is a well-secured site and is known as one of the best sites for NHL live betting.
Leo Vegas
This is the best in mobile betting for NHL mobile games. This company was founded in 2011, and they offer online casino games and sports betting services.
Pinnacle
This betting site offers a low-margin sports option and has a multi-view live betting option for NHL games. Canadians have access to all NHL games, and available markets and odds.
Final words
If you are a Hockey fan, there are various options waiting for you. There is no “Best” NHL, NBA or NFL betting site because different sites have their pros and cons, and as a punter, you need to choose the site that offers what you want. All you have to do is to choose your sportsbook carefully based on what you need in a betting website.
If you come across other betting sites that are not in the list above, make sure that they are properly licensed and offer the type of bet that you want before investing your money there. You also have the liberty to sign up for more than one betting site if there is a particular feature you like about each of them
