To successfully bet on the New York Rangers at odds of +1½ +200 means the Rangers need to win the game by at least two goals or more. To successfully bet on the Pittsburgh Penguins at odds of +1½ -250 means they would need to lose the game by no more than a single goal or win the game by a margin of two goals or more. Bet on the New York Rangers -1.5 +200, which means the Rangers need to win the game by at least 2 goals.Bet on the Pittsburgh Penguins at +1½ -250, which means they would need to lose the game by no more than 1 goal, or win the game.The standard puck line offered by sportsbooks is a 1.5 goal spread – meaning that your options are to predict that the favorite team wins the game by two goals or the underdog achieves victory by scoring two goals. The Puck LineĪ puck line bet is essentially a point spread in hockey. This is an advantageous wager to make if you have discounted the possibility of a game going to overtime as the moneyline on both teams pays out more attractive odds. 60-Minute Line / 3-Way MoneylineĪ 60-minute or 3-way moneyline bet in hockey includes an option for a draw (a tie after the regulation period ends). The Pittsburgh Penguins are the underdog, and every $100 wagered returns $125 in profit if the Penguins win the game. A $135 wager on the Rangers returns $100 in profit if the Rangers win the game. In this example, the New York Rangers are the favorite. This is represented in the below example: The sportsbook sets moneyline odds which determines the favorite and underdog. It is simply a prediction of which team will win the game. Commonly placed NHL bets include the following: NHL MoneylineĪ moneyline wager is the most popular bet on an NHL game. The leading online sportsbooks offer 100+ NHL betting options in an individual hockey game. What are the Different Types of NHL bets? So, with fractional odds of 3/2 or +150 in American odds, and a $100 stake, the potential profit would be $150. Plugging these values into the formula, we get: Profit = (Stake x Numerator) / Denominator The following is the formula for calculating the profit for the fractional odds of 3/2 or +150 in American odds. Used primarily in Ireland and the United Kingdom, fractions represent the profit you would receive for a successful bet. Reading NHL Odds in the Fractional Format Return is how much profit you made plus your original wager amount.Profit is how much money you won by placing your wager.So, what’s the difference between profit and return? For simplicity, we will say you bet $100. As the name implies, they are decimal numbers and always positive.īelow is the formula for calculating the return and profit for decimal odds of 2.40. Reading Decimal Oddsĭecimal odds are the most common format used by European sportsbooks. To calculate the payout for positive odds, simply use the following formula: Potential Payout = (Stake x Odds) + Stake. By placing a $100 wager on odds of +147, we win $147. The positive odds are very easy to calculate and represent how much you’ll win if you bet $100. Since in negative numbers the value of the odds tells you how much you need to wager to win $100, in this scenario we need to risk $225 to win $100. To calculate the payout for odds of -225, just use the following formula: Potential Payout = (Stake / Value of Odds) + Stake. ![]() ![]() Positive (+) odds show what’s needed to profit for a $100 wager. ![]()
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