Everything you need to know about betting on NHL
- Legal overview on Betting on NHL in NJ
- Learn about the various types of NHL Lines
- Why Comparing NHL Odds matters
- How to recognize a great NHL Bookmaker
- Bet on the go - Mobile betting on NHL
Legal overview on Betting on NHL in New Jersey
Gamblers in New Jersey must be at least 21 years of age to begin placing bets.
Other than that, it is completely legal to wager on the NHL in the state of New Jersey. New Jersey's sports betting community continues to expand, as they accepted over $950 million in wagers in January and set a new state record of $82.6 million in revenue.
Types of NHL Betting Lines
NHL MAIN BETTING LINES
NHL Money Line Betting
Betting on the Money Line is simple; you're just picking the team you believe will win. The odds for these bets will vary based on the size of the favorite.
For example, on BETMGM if the -130 Flyers were playing the +110 Rangers, you would have to bet $130 on the Flyers to win $100, while a $100 wager on the Rangers would win $110.
NHL Total Over Under Betting
For these bets, bookmakers predict how many combined goals will be scored in a game, leaving bettors the option to bet the "over" or the "under."
Let's say the total for the Flyers vs. Rangers game is set at 6.5. Anyone who bet the over needs at least 7 goals scored to win their bet. Otherwise, gamblers who bet the under will win.
Even-numbered totals, such as 5.0 and 6.0, allow the possibility of a push, meaning if the combined goal total matches the O/U total, all bettors receive their original wagers back.
NHL Puck Line Betting
Hockey's version of a point spread is known as the "Puck Line." This line is always set at 1.5, meaning favorites (-1.5) will need to win the game by 2 goals, while underdogs (+1.5) are able to lose by a goal and still win their bet.
For example, a -130 Money Line favorite will fetch odds around +200 on the Puck Line, while a +110 Money Line underdog will be near -250.
NHL Parlay Betting
Parlays can be tough to win, but they do offer great payouts. You are essentially betting on a group of 2+ bets, and each bet must-win for the parlay to be victorious.
Each bet added to the parlay will increase the potential payout but also decrease your chances of winning.
NHL First Period Betting
In addition to full game betting, there are first-period betting options as well.
Many bookies will offer Money Line, Puck Line, and Over/Under Totals. The Puck Line for these bets is usually set at 0.5, while the O/U Totals are around 1.5.
NHL FUTURE BETS
NHL STANLEY CUP
This year consists of a 56 game regular season, with the top 4 teams in each division qualifying for the playoffs.
BETMGM's current favorites to win the 2021 Stanley Cup include Avalanche (+500), Tampa Bay (+600), Golden Knights (+750), Maple Leafs (+900), Hurricanes (+1200), Capitals (+1200), and Islanders (+1400).
Due to border crossing restrictions, the NHL has realigned the league into 4 divisions: the West, Central, East, and North (Canada).
With BETMGM, the +170 New York Islanders have the best odds to win the East Division, followed by the +275 Capitals, +350 Bruins, +450 Penguins & +700 Flyers.
NHL Player Props
One of the most common player props is for scoring goals. The odds for these bets range depending on the player and team.
For example, with BETMGM, you can wager on Matthew Tkachuk to score anytime at odds of +160. Most sportsbooks will offer goal scorer markets on the day of Hockey games.
Player points & assists
In addition to goalscoring, you can also bet on points and assists scored by a player.
These bets work similarly to goal-scoring props, with some bookies using the O/U format with lines typically set between 0.5-2.5. Other sportsbooks may offer player vs. player lines, where you bet on which player will score more.
Player shots on goal
These prop bets are typically in the O/U format, with odds varying based on the player and position.
Some of the league's shot leaders, like Nathan Mackinnon and Alex Ovechkin, will see their shot totals in the 3.0-4.0 range.
First player to score
Similar to anytime goal props, you can also bet on players scoring the first goal. These bets offer much better odds than anytime goal props.
For example, Canada's Dylan Cozens is -115 as an anytime scorer and +800 as the first goalscorer.
NHL Empty Net Betting
The empty net is a crucial factor when placing a bet. Goals scored on an empty net will often change the outcome of Puck Line and Over/Under bets.
Gamblers should always keep this factor in mind when placing a bet.
Why comparing NHL ODDS matters
Signing up for multiple sportsbooks is critical for maximizing your profits.
Let's say BETMGM may offer the New Jersey Devils at +190, while 888sport offers them at +200. In this scenario, having multiple bookie options would profit you an extra $10 if you had wagered $100 on 888sport.
NHL Favorites vs. Underdogs
In NHL betting, there are two sides to a bet: the favorite and the underdog.
The favorite represents the team/bet that is more likely to win, while the underdog represents their opponent. For example, in NHL, New York Islanders are set as -150 favorite against New Jersey Devils, who is a +120 underdog.
How to recognize a great NHL Bookmaker
The license they hold means safety
In order to guarantee your initial investments, you should always bet with licensed bookmakers.
While some unlicensed sports betting websites may have great reputations, there is no legal guarantee they will pay you your winnings.
Bonuses and promotions tailored to NHL betting
Always compare your options before signing up with a sports betting website. Some will give sign up bonuses and even do promotions during special events.
Signing up for a sportsbook is free, just make a deposit and you'll be ready to begin betting.
Margins they provide on NHL odds
If you don't have the time to check the main sportsbooks for the best odds, then you may want to check out a third party sports betting site. You'll be able to find reviews, live updates, and betting trends gathered from all the main sportsbooks, helping you save time and make sharper picks.
Variety of betting lines
Before signing up with a sports betting site, it is important to make sure that they offer a wide variety of betting lines.
The best sites will offer money lines, point spreads, and over/under totals. Experienced gamblers will consider bookies that offer futures and prop bets.
Easy to use interface
When reviewing sports betting sites, make sure to check out the ease of use when placing a bet.
If a sports betting site is difficult to read or follow, it won't be a good experience. Each sportsbook has distinctive characteristics, so find one that is easy to follow and enjoyable to use.
Variety of Payment Methods accepted
Some bookies will offer more payment methods than others. A few common examples include Bank Transfers, Credit/Debit Cards, Cryptocurrency, and E-Wallets, such as Skrill and PayPal.
Multiple Customer support channels
All licensed bookies will have near-instant access due to the fast-paced nature of betting. Email, phone, and chat support are critical when you need answers immediately.
You never know when you'll need help, and ensuring your bookie has a reliable support team is a great advantage to have.
Bet on the go - Mobile Betting on NHL Betting
Live NHL Betting - Where to bet Live on NHL
So what's the big difference between live betting and pre-game betting? Live betting is frequently updated and sports bettors may come across some valuable odds lines. Pre-match betting gives fans plenty of time to review their picks.
For gamblers who are unable to place their pre-game bets in time, live betting is a great option.