What Is 3-Way Betting In Hockey?

3-way betting refers to the bet on a total 60-minute game. It doesn’t include penalties or overtime. If you’re backing a team, they have to win outright in this given time. If you believe the match will not be decided in 60-minutes and may require a shootout or overtime, then you’ll have to back for a “tie.”

What Is Puck Line In Hockey Betting?

A puck line in hockey betting refers to a spread point betting option. It’s (-1.5) goals for favorites and (+1.5) for the underdogs in each game as NHL hockey is often low scoring.

How To Bet The Stanley Cup Final?

Follow the step by step instructions to bet on the Stanley cup final online: Select your betting option Research different teams Pick your side Search for the best odds and lines Place the hockey bet

How To Read A Betting Line Hockey?

Follow the key points that will help you read a betting line in hockey: Bets and odds for various games will be displayed along two rows: one row for the “away” team and the other one for the “home” team. Most sportsbooks in Canada post favorites with a “star” or in bold letters You’ll see columns in the upper portion. These are bets such as over/under, puck line, and Moneyline Every column will include numbers, with some having minus (-) and plus (+) on them The minus sign is for favorites, and plus sign is for underdogs

What Does LFT Mean In Hockey Betting?

The LFT terminology in hockey betting is associated with puck line wagering. The acronym LFT stands for “lose by fewer than.” Both teams are assigned with a handicap (goals) scored throughout the game in a puck line.

How To Win At Hockey Betting?

To win at hockey betting, you must follow these simple tips: Favorites don’t always win Shop around, don’t stick to few bookmakers Bet with your mind and not heart Make live betting Look at road/home records

Hockey Betting In Canada

Hockey is more than just a sport in Canada – it is a national passion, whether it is watching, playing, or betting. In fact, a recent survey showed that 22% of Canadians say hockey is their favourite sport to watch, more than any other sport. Even though the rules for betting on single games and multiple games are changing, hockey betting will probably stay popular.

If you are a big NHL fan or just starting to bet on hockey, you might find it both fun and tricky to bet on NHL games. This guide will help you understand hockey betting better so you can make smarter bets and enjoy the game even more.

Understanding the Basics of Hockey Betting

Hockey Betting Terms

Here is a list of some commonly used hockey betting terms:

Chalk player:

A bettor who favours heavy favourites. While this strategy may lead to more frequent wins, the payouts are typically lower.

Handicapper:

An expert who analyzes statistics, team form, and other factors to predict game outcomes. Professional handicappers often sell their picks to other bettors.

Bankroll:

Your total betting budget. Proper bankroll management is crucial for long-term success in NHL betting. A common strategy is to risk no more than 1-5% of your bankroll on a single bet.

Round Robin:

A series of parlay bets created from a set of teams. For example, a 3-team round robin would create three 2-team parlays. This strategy can be less risky than a single parlay but offers smaller potential payouts.

Permutation betting:

Similar to round robin, but includes all possible combination bets. This can quickly become expensive with larger selections.

Hedging:

A risk management strategy where you bet on the opposite outcome of your original wager. Often used in futures bets or when a parlay has partially hit.

Hockey Betting Odds

Unless you are a pro, here are some hockey betting odds you need to know:

Moneyline:

This is one of the simplest and most popular ways to bet on NHL hockey. When you place a Moneyline wager, you are betting on a team or player. If your chosen side wins, you receive your payout. Moneyline bets are simple and a great way to stay up-to-date with the latest odds.

Puck Line:

The Puck Line is the NHL’s version of point spread betting. In this type of wager, you bet on a team to win by a specific margin – typically 1.5 goals. This bet gives underdogs a slight edge and requires favourites to win by at least two goals. Given the low-scoring nature of hockey, this is a common and strategic bet for seasoned bettors.

Over/Under (Total):

This type of bet involves wagering on the total number of goals scored in a game. You predict whether the final combined score will be over or under a set number established by the bookmaker. For example, if you expect a high-scoring game, you might bet on the ‘over.

Live Betting (In-Play Betting):

Also known as in-play betting. Odds fluctuate rapidly based on game events, offering opportunities for quick-thinking bettors. Popular for over/under total goals bets as the game progresses.

Period Betting:

Focuses on outcomes within a specific period, not the entire game. Often used by bettors who have identified teams that start strong or finish weak.

Alternate Lines:

Offer different point spreads or totals than the standard lines, with corresponding changes in odds. Can be valuable when you strongly believe a favourite will win by a large margin.

Exotic Wager:

Includes prop bets like “first team to score” or “total saves by a goalie.” These can offer value if you have specific insights about a player or team’s tendencies.

Parlay:

Combines multiple bets for a higher potential payout. While attractive, the risk increases significantly as more selections are added. A common strategy is to stick to 2-3 team parlays for a balance of risk and reward.

How to Bet on Hockey Online in Canada

In 2021, Canada legalized single-game sports betting with Bill C-218. Before, you could only bet on multiple games at once. This new rule makes it easier for people to bet on hockey. Here is what you should know about betting on hockey now:

Key Rules to Remember

Game Changes	Bets are usually canceled if a game is postponed or the venue changes.
Pushes	If a bet ties (called a “push”), you typically get your money back.
Period Betting	These bets only count regular game time, not overtime.
Official Game	Most sportsbooks consider a game official after 55 minutes of play.
Bet Timing	Place your bets before the game starts, unless you are doing live betting.

Steps to Get Started with Online Betting

Pick a trustworthy betting site: Look for sites that are licensed to operate in Canada. Read reviews from other users to find a reliable option.
Sign up for an account: You will need to provide some basic information like your name, email, and birthdate.
Prove who you are: The site will ask for a photo ID and proof of where you live. This is to keep betting fair and safe.
Add money to your account: Most sites let you use bank transfers, credit cards, or even digital money like Bitcoin.
Find the hockey betting options: Look for a section labeled “NHL” or “Hockey” on the site.
Choose your bet: Decide which team you think will win or what else you want to bet on.
Set your bet amount: Type in how much you want to risk, then click to confirm.

Where to Bet on Hockey: Best Betting Apps for 2024

Features	Top Betting Apps
Easy Navigation	DraftKings, BET99
Best Odds	Sports Interaction, BetMGM
Variety of Betting Options	NorthStar Bets, BetMGM
Attractive Promotions	888Sport, Sports Interaction
In-Play Betting Experience	bet365, BET99

Ice Hockey Betting Strategies

To make sure your hockey betting remains fun, you have to continue making intelligent NHL hockey bets. Read through our proven ice hockey betting strategies to bet smart.

Statistics

Analyzing key statistics is crucial in NHL betting. Focus on relevant, up-to-date stats from reliable sources like ESPN or the NHL’s official site. Pay attention to player performance, team dynamics, and past matchups to gain valuable insights.

Time Off

Rest days between games can significantly impact a team’s performance. Teams that have had 4-5 days off might have a physical advantage, so this is an important factor to consider when placing your bets.

Home Advantage

Home advantage is usually significant in many sports, but in the NHL, it is less so due to the plexiglass separating teams and fans. Still, it is worth noting how teams perform at home compared to away games.

Popular Hockey Betting Systems

All-In

The All-In approach involves betting your entire bankroll on a single bet. While it can double your money quickly, it is very risky and could lead to losing everything with one bad result. This system is not recommended for most bettors due to the high risk.

Kelly Criterion

The Kelly Criterion is a more calculated approach. It involves betting a portion of your bankroll based on how confident you are in a bet. This system helps manage risk by ensuring you only bet a proportion of your money on bets where you feel you have a strong chance of winning. It is popular among experienced bettors for its balance of risk and reward.

How To Predict NHL Games

While we do not offer specific predictions, understanding how to analyze NHL games can improve your betting decisions. Here is what you should consider:

Key Factors in NHL Game Analysis

Recent games: How have the teams played in their last 5-10 matches?
History: How have these teams performed against each other before?
Player health: Are any key players injured or coming back from injury?
Home or away: Does the team play better at home or on the road?
Goalies: How well are the goalies playing lately?
Special situations: How good are the teams at power plays and penalty kills?
Travel and rest: Has either team been travelling a lot or had time to rest?
Hot and cold streaks: Are any players or teams on a roll or in a slump?

When looking at a game, think about:

How well both teams are playing right now
Which players might have a big impact
How the goalies match up against each other
If either team is especially good at power plays or penalty kills
Any big changes to the team, like a star player returning from injury

Remember, no prediction method is foolproof. NHL games can be unpredictable, with underdogs winning about 30% of the time. Always bet responsibly and within your means. Tip: Many reputable sports websites offer free NHL stats and analysis. Use these resources to inform your decisions rather than relying solely on paid prediction services.

Common Mistakes in Hockey Betting & How to Avoid Them

Ignoring Goalie Performance

Goalies have a massive impact on game outcomes. Always check who’s starting in the net and their recent form.

Overvaluing Home Ice Advantage

While home teams have an edge, it’s not as significant as many think. Focus on other factors like team form and recent performance.

Neglecting Special Teams

Power play and penalty kill percentages can greatly influence games. Do not overlook these stats when analyzing matchups.

Betting Based on Team Reputation

Past success does not guarantee future performance. Focus on current form and relevant statistics.

Not Considering Rest and Travel

Teams playing back-to-back games or after long road trips may underperform. Factor in schedules to make more informed bets.

Chasing Losses

Trying to recover losses with bigger bets often leads to more losses. Stick to your betting plan and manage your bankroll carefully.

Overlooking Injuries to Key Players

Injuries to both star and key role players can significantly impact team performance. Always consider injury reports before placing bets.

Ignoring Line Combinations

Chemistry between players matters. Pay attention to line changes and how they might affect team dynamics.

Not Shopping for the Best Odds

Different sportsbooks offer different odds. Taking the time to find the best value can increase your potential returns over time.

Legal and Responsible Hockey Betting in Canada

In 2021, Bill C-218 legalized single-event sports betting across Canada, transforming the hockey betting sector. Each province now regulates betting differently. For example, Ontario launched a competitive market with over 50 licensed online operators, while Quebec still operates with a single provider. Always check your local laws and use licensed platforms for safe, legal betting.

Responsible gambling is crucial when betting on hockey. Set a strict budget and use tools like deposit limits offered by sportsbooks. Be aware that young adults (18-24) are at higher risk for problematic gambling behaviours. If you are concerned about your habits, reach out to provincial problem gambling services or the Responsible Gambling Council for support. Remember, hockey betting should enhance your enjoyment of the game, not become a financial burden.