Before starting to bet on the NHL, bettors need to fully understand the money line, the most common betting method.
The Money Line
Almost every site uses a 20-cent line to bet on hockey. This is the difference in the odds on the favorite and on the underdog. When the favorite is larger the money line will be bigger than 20 cents.
Typically, it would look like this: team A +110, team B -130. This means team A bettors are asked to bet $100 dollars to earn $110 and team B bettors would risk $130 to win $100. When a team is highly favored it could look like this: team A +250, team B -300.
The Puck Line
As seen above, betting on the winner through the money line method is the most common way to bet on hockey. The second most popular method of betting on the NHL is the puck line. When betting the puck line, you can either lay 1.5 goals with the favorite team or take 1.5 goals with the other team. Something like this: team A +1.5, team B -1.5.
Now, if team A wins the game or loses by one goal, the gamblers who placed their bets on the team win. Team B bettors will only get their income if the team wins by two or more goals. However, risk is compensated. Team A bettors are asked to risk $240 in order to win $100. Meanwhile, team B gamblers would have to risk only $100 to win $200.
Other hockey betting methods include the betting totals and the grand salami. However, start by responsibly studying the two methods above to make your initial bets manageable and enjoyable.