If you read our article on general sports betting for beginners, then you know that one of our cardinal rules is to bet on sports that you know something about. While intimate knowledge of a sport will not necessarily lead to profit at the end of any given betting season, it can certainly help. In this article, we are going to provide some information and tips for those who want to bet on hockey.
Types of bet:
Like sports betting on any sport, betting on hockey can get pretty much as complicated as you would like. Because we are just focusing on those starting out, however, this article is going to outline the two most basic bets that can be made with books on professional hockey games.
The first type of bet is known as the money line. It looks like this:
Vancouver Canucks -120
Edmonton Oilers +120
The Vancouver Canucks are the favorite team in this example. If you bet on them, you have to put down $120 for every $100 you earn. So, if you wager $240 and the Canucks win the game, you will get $440 back (your $240 plus $200 as the payout).
If, on the other hand, you think the Oilers are going to win the game, then the money line indicates how much you can win for every $100 you bet. Betting $100 on the Oilers means that if they won, you would receive $220 (your $100 bet plus $120 payout).
Some people like to increase the amount of money they can win betting on a hockey game through the odds, and you can do that by betting on the puck line. It works in the same way a spread does. In order to collect on the wager, the team you bet on has to win by a certain number of goals. Conversely, if you bet on the underdog, then you can collect if they lose by less than the specified number of goals.
We don’t recommend betting the puck line for beginners, as it is hard enough to predict even for those who have been sports betting for a while!
A few hockey betting tips:
o Hone your expertise first: Before you start wagering money on a game by game basis, it is a good idea to increase your knowledge of the game. You can have the excitement of a wager plus increase your knowledge of the game by joining a hockey pool with friends before going to the sports books.
o Bet the playoffs: This is another way that hockey betting rookies can decrease their losses at first. Predicting the outcome of any game is tough, especially in hockey when scores are so close and so many factors come into play. Those with some hockey sense can usually figure out who is going to come out ahead round by round in the playoffs, so betting on series is better than betting on individual games.
o Do your research: When you are ready to start betting individual regular season games, make sure you get some information before placing your bets. Knowing who is injured, who is hot, and a team’s record against another team can all help you place a winning bet.