How Does the NHL Moneyline Work?

The NHL moneyline works just like the MLB moneyline, except that instead of the line being based on the starting pitchers, the number is set with the team as a whole as the key determinant.

For instance, if the Philadelphia Flyers are hosting the Pittsburgh Penguins at Wells Fargo Center, the moneyline could look like this:

Pittsburgh +120
Philadelphia -130

That means you’d have to bet $100 to win $120 if you were wagering the Penguins, while you’d need to lay down $130 to win $100 of you were siding with the Flyers. It’s pretty simple. Risk more for a small payout by betting favorite and risk less for a bigger payout by betting NHL underdogs.

NHL Moneyline Betting Strategies

Of course, there are betting strategies to keep in mind when handicapping NHL lines. As a general rule of the thumb, avoid laying the big number. While the NHL certainly has its powerhouse teams every season, any team can win on any given night. Huge favorites typically aren’t worth the money because of that.

Betting slight favorites or underdogs is the best way to go when wagering the NHL. You won’t get the biggest return this way, but you’ll cash more bets over the long haul – leading to increased predictability with your bankroll.

Goaltending is Key

Goaltending is the most important factor in hockey betting. The goaltender is akin to the quarterback in football: He can make a good team a great one. Conversely, a team sporting a mediocre goalie can cost the club and its backers tons of cash. Know the goaltenders and you’ll have a good idea of when to make wagers on underdogs.

Energy Matters

Keeping track of which teams are fresh is important when betting the NHL. Look to fade teams against the moneyline on the second night of a back-to-back, most notably when they’re up against a fresh team playing on home ice. Energy matters in the NHL, and it can be the difference between winning and losing.

Winning more NHL sports bets is a marathon, not a sprint. And it takes training to avoid the pitfalls that can damage your bankroll.