Betting the NHL money line is by far the most popular hockey betting option. It's not hard to see why. With a moneyline bet, all a bettor has to do is pick the winner straight up. There is no spread to cover. You just have to pick who will win the game and if they win, you collect on your bet. The lack of a spread means the sportsbooks apply odds to each team to even the playing field.
Now for the tricky part, the odds. The part of the moneyline that often confuses new bettors is the odds themselves and how they are displayed. To explain how a moneyline works, let's look at an example line. This is how a moneyline would look at an online sportsbook:
New Jersey +135
In the example above, New Jersey is the underdog and Philadelphia is the favorite. Whenever you see moneyline odds with a plus (+), that team is the underdog. The team listed with a minus (–) is the favorite. So, what do the numbers themselves mean?
The +135 next to New Jersey means that on a $100 wager you would profit (win) $135. The -155 next to Philadelphia means that you would need to wager $155 to profit (win) $100. Since Philadelphia is the favorite and expected to win, you must risk more for less reward. Subsequently, since New Jersey is the underdog and expected to lose, you're already risking more by betting on them.
Wagering on the underdog on the NHL money line can be highly profitable, but make sure the increased risk is worth it. They're the underdog for a reason after all. The beauty of betting NHL moneyline underdogs is that you can hit less than 50% and still turn a profit!
The best place to bet on NHL hockey is 5Dimes. The reason they're the best is because they offer overnight lines (you can bet on tomorrow's games) and they offer "reduced odds" which are discounted in price (You risk less there).
Free Hockey Picks - Our staff analyzes each day's hockey odds and posts our best bet of the day.
Bookmaker - Deposit $100-$600 and get a GIANT 50% bonus! This hockey betting site is one of the best at getting credit cards to work for deposits! Bet on games LIVE-IN-PROGRESS!
Bovada - One of the most popular sportsbooks online. If a user friendly site and top notch customer service is your thing, this is the hockey bookie for you!
5Dimes - Offers reduced odds NHL betting. One of the fastest paying sportsbooks online. Their overnight lines give you first crack at the odds before they adjust to the action.