NHL Odds

When betting on the NHL, knowing the odds is crucial.  The NHL odds should be a major variable in determining which team to bet on in any given game because the odds determine your return on investment.  In general, the bigger the favourite a team is the less you will win by betting the moneyline on that team and vice versa.  The bigger the underdog, the more you will win if that team pulls off the upset.  Here at NHL Betting Tips we provide up to date NHL Odds for every game on every single night.  Below you will find live NHL odds taken directly from Bodog.com.

Check out the NHL futures betting page for Stanley Cup betting odds and more.

Moneyline Odds

The odds that you see in the Bodog feed are moneyline odds.  This means that to win the bet the team you bet on must win outright.  This is different from spread lines where the underdog is given a handicap to even the playing field.  In the NHL moneyline bets are by far the most popular because most teams in the NHL are very competitive and the scores are too low to create a fair spread.

American Odds

The odds shown in our NHL odds feed are American style odds.  In this format the odds are stated as either a positive or a negative number of 100 or higher.  If the odds are shown as a negative this means the team is the favourite and that you must bet this amount to win $100.  If the odds are shown as a positive this means the team is the underdog and the number shown is how much you would win if you placed a $100 wager.  Here is an example:

Buffalo Sabres +120
Vancouver Canucks -140

As you can see, the Canucks are slight favourites to win this game.  If you bet $140 on the Vancouver Canucks you would win $100 or a total of $240 if they won the game.  On the other hand if you bet $100 on the Buffalo Sabres you would win $120 or a total of $220 if they won the game.

Over/Under Odds

The other odds you will see on the Bodog feed are the over/under (aka total) odds.  These odds are used for bets on how many goals will be scored in the game.  There will sometimes be odds accompanying the over/under amount, but if there isn’t then -110 odds for both wagers are implied.  Here is an example:

Sabres vs Canucks over/under total of 5.5 goals
over +110
under -130

If you think 6 or more goals will be scored in the game then you would bet the over, whereas if you think 5 or fewer goals will be scored than you would bet the under.  In this example the odds are different for over or under bets because there is a slightly greater chance that 5 or fewer goals will be scored.

Now that you understand how to read the various types of NHL betting odds you are ready to begin placing NHL bettors. Which team to bet on? That is entirely up to you, but for some helpful tips and free picks check out our NHL betting predictions blog. We will provide free picks for many games throughout the season that we feel provide great value for our visitors!