The most popular way to bet on your favorite hockey team is moneyline betting and it replaces a point spread because the scores are so low. Your team has to win the game, not win by a certain number of goals. In NHL odds, negative and positive values are attached to favorites (-180) and underdogs (+160).
The general idea of point spread betting is to provide a handicap that make games fairer, or more attractive to bet on, with points/goals taken from the favorite and given to the underdog. Compared to moneyline bets, where the odds will always be positive for the underdog and negative for the favorite, NHL point spread rules differ slightly. Depending on the match-up, it’s not unusual to see a favorite have positive odds too.
Betting the favorite means the team must win by at least two goals to cover the puckline spread. The underdog team can lose by one goal and still cover the puck line.
The puck line is hockey’s form of the point spread. When betting on a major sport, you’re typically presented with three standard betting options: the spread, the moneyline and the over/under. Hockey is no different, although it is one of a few sports where betting the moneyline, as opposed to the spread, is the most common wager. You can still bet the spread in hockey, but it’s generally not referred to by that name.
The bigger the underdog, the bigger the odds and payout, if they find a way to win. Betting on the moneyline is the most popular method of betting in hockey. For example, a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win.
Hockey betting in the United States is far from the most popular sport in the land, but ever since the gambling capital of the country – Las Vegas – got a team in, the Golden Knights, in 2017, interest in hockey betting markets has picked up. Betting on hockey is similar in concept to that of baseball lines, as hockey is predominantly a moneyline based sport with standardized point spread prices of -1.5 goals – like baseball is with -1.5 runs.
Similar to our Puck-line and 1st Period Odds, every contest on the board shows the Odds, Date and Time of the National Hockey League contests on the slate. Hockey will list Favorites and Underdogs for that day's slate of games. The Money Line Odds will list the favorite with a (-) symbol, while the underdogs will be shown with a (+) symbol. The majority of betting sites online, as well as the betting apps, will simply do the math for you.
The "20-cent line" refers to the difference in the odds on the favorite and the odds on the underdog. But as with other sports, such as baseball, the odds on an extremely large favorite will often be greater than 20 cents. The odds on a typical National Hockey League game may look like: Calgary +110. Vancouver -130.