Legal NHL Betting
When the legal scope of sports betting in the United States changed, it left many wondering about their legal NHL betting options. Though only a few states have accepted laws supporting a legal sports betting industry, there are still many outlets and methods for betting on the most intense professional sport. Legal NHL betting in 2021 will be one of the most popular activities by hockey fans. By visiting a local sportsbook or using an offshore betting site, you will find that there is plenty of betting action on NHL game lines all throughout (and even after) the season.
With our help, you will be able to determine what is right for you when it comes to betting with a land-based sportsbook or using an offshore account. We will cover all of the betting styles that are associated with legal NHL betting as well as explain how to sign up with your chosen sportsbook. With even more information headed towards mobile and live betting, you will soon be the person everyone comes asking when they have questions about how to bet on the NHL. No matter the situation, at the end of this guide, we expect you to have figured out a betting strategy that works for you and be confident when looking to play the odds.
Is It Legal To Bet On NHL In All 50 States?
Since 2018, when the PASPA made it no issue for players to bet on sports, betting on the NHL in a legal sports betting state became much more widely accepted. This means that all of the big-time online sportsbooks like Bovada, SportsBetting, and others have options. Even with a few state legislators working on making sports betting regulated in their home state, the most populous states like Florida, California, Texas, and others will still have all the legal NHL betting options for many of those who want to bet on the sport they love to watch. Online sportsbooks are the top choice for all players around the country looking to bet on the NFL season legally.
Current NHL Odds
Sports betting fans are placing heavy action on the NHL Futures odds for the 2021 Stanley Cup. Betting on the Stanley Cup is the peak of NHL betting and sees the most action at online sportsbooks each year. Futures betting gives players the ability to cash in on odds early, with players having the ability to wager on longshot odds for their favorite teams before they shorten further along in the season. Currently, as the playoffs are now in full affect, the Colorado Avalanche are sitting with the favored odds and are followed by the Tampa Bay Lightning, Toronto Maple Leafs, Vegas Golden Knights and Carolina Hurricanes who all have odds to win the Stanley Cup under +1000.
Betting On The NHL Playoffs
The NHL Playoffs are in full swing and hockey betting fans can find a seemingly endless pool of winning potential at online sportsbooks. The NHL plays seven-game series throughout, ultimately accumulating in the best teams in each division facing off for the Stanley Cup. This season is slightly different. Due to the COVID-19 pandemic placing a travel ban between the US and Canada, the NHL had to divide its season only by having the Canadian teams play each other and the US teams play each other. Looking at the odds boards, betting fans are leaning in on the Colorado Avalanche (+500), Vegas Golden Knights (+550), Toronto Maple Leafs (+550), and Tampa Bay Lightning (+800).
These teams have dominated all season and have sports betting fans placing the most action on them to win it all. Because of this, these teams will be favored in all their first-round matchups. These matchups will see plenty of winning potential for each game, with longshot betting fans seeing plenty of long odds available on all their underdog opponents. The NHL Playoffs are the busiest time of the year for online sportsbooks. Since the series will be tipping off soon, now is the best time for NHL betting fans to sign up at online sportsbooks and get ready to place action on the NHL Playoffs.
How Has COVID-19 Affected The NHL?
With the NHL season fully underway, there have been some setbacks that have affected the betting outcome. Those setbacks have been different NHL players on the COVID-19/Reserve list as well as some games being postponed to later dates because of outbreaks within a team. Not to mention, there are also some NHL arenas that have allowed fans to attend games and others that have not.
The Difference Between Land-Based & Online Sportsbooks
There are a variety of differences when it comes to land-based and online sportsbooks. Aside from the fact that one is in person and the other is by your computer or phone, the options they provide will change as well. Land-based sports betting is only available in select states that have approved measures for the industry. Each state is different and will have a different set of standard when trying to bet on the NHL. For example, one state may refuse your ability to select a local team or may not even provide a betting line due to the fact that it has been bombarded on one side by the local bettors.
For overseas online sportsbooks, there is very limited overhead and your wagering options, bonuses, and variety of betting lines on NHL games will drastically increase. Without any state regulations to look out for, these operators can provide you with everything you would want from your local sportsbook. Even better, you don’t have to drive to the book, fiddle with cash, and wait in line to place a bet. Here, you can just log in from your phone or computer and get started with your legal NHL betting no matter where you are.
Signing Up At Legal NHL Betting Sites
Signing up at legal NHL betting sites is just as easy as signing up for a Spotify or Netflix account. All you have to do is create an account, fund your sportsbook balance, and get started. The offshore sportsbooks will require you to verify your information before they pay you, so we recommend getting those details situated as soon as you sign up. This way, you are not stuck waiting on your money, after you go through the verification process. Also, these sportsbooks are sure to keep your information secure, as they have been doing so for many years.
For sportsbooks that are licensed in-state, you may have to look into your state’s regulations. There are states that allow you to log in and get started from anywhere in the state, but you may be required to sign up at the physical sportsbook in other states. Some even take it a step further, only allowing you to fund your account in the casino or hosting facility. Either way, the convenience of offshore betting sites and the lack of restrictions you will face are much easier to deal with in the long run.
Shopping Lines On The NHL
One of the best conveniences of betting offshore is the ability to shop lines. In short, this is just scanning the online sports betting marketplace for the best available line, giving you the most profit or the least risk. While the lines will generally be similar, even the difference of (+105) and (+120) can seriously add up over time. Imagine if you successfully bet $200 every week on these odds. Would you rather have $10,920 or $12,480 at the end of the year?
Also, if you live in a state with legal sports betting, the offshore betting sites will instantly provide better odds. In a state like New Jersey, for example, many bettors are going to bet on the Devils, making the odds way less favorable at a local book. In the world of the internet, the offshore sportsbook is taking action from all over the world, which will not see the same line change as your local sportsbook.
Funding You Sportsbook Account
In land-based scenarios, each sportsbook and their hosting facility will be different in what methods of payment they accept. In general, cash is always king, as are casino chips that you may have from playing the table games earlier. If you are signing up for one of their online sportsbooks, you may be able to deposit with PayNearMe, PayPal, a credit/debit card, or a bank transfer. Remember that you may be required to visit the facility to fund your account.
For offshore legal NHL betting sites, there are many more options available. Not only may they accept credit cards, wire transfers, Money Orders, and cashier’s checks, they also will likely accept cryptocurrencies. Bitcoin is the most popular way to fund your online sportsbook account, as the majority of legitimate sites will accept the coin; however, those who have Ethereum and Litecoin can also find sportsbooks that will process their transaction.
NHL Betting Bonuses
Whether you are a new member or a returning customer, the offshore NHL betting sites will provide plenty of bonus options to choose from. New members are always granted a welcoming bonus – a sort of thank you for joining their site. We recommend taking advantage of every new bonus, to help you shop lines from the start. Additionally, you may have the option to have every deposit matched at a certain level from the book or even have a free play when you use your mobile device. Be sure to scope out each site’s promotions before you sign up, as some have one time uses and you will want to take full advantage.
Common Betting Styles For NHL
Here, we will discuss the three main types of wagers you can lay down when betting on the NHL. Between the spread, the moneyline, and the over/under, you will find you are talented enough at one of them to do alright with. These are by far the easiest and most straight forward betting options around, as you have probably heard of them when watching sports coverage for a game. There are other options such as parlays, teasers, round robins, if bets, and more, but we don’t want to overwhelm you and will just stick to the basics.
Betting On The Spread In An NHL Game
Used as a handicap, the spread is a number that reflects how much a team is favored by against their underdog opponent. While some games will have no spread and be a “pick-em”, the majority of NHL games will have a betting line on the spread. The favorite is indicated by a number with a minus (-) sign in front, while the underdog is represented by a plus sign (+).
– New Jersey Devils -1.5 (-110) vs Carolina Hurricanes +1.5 (-110).
In this example, the Devils are the favorite and must win by 2 or more goals for a successful wager to take place. For the Hurricanes, they must win the game or lose by 1 goal to win money for their bettor. In the event of the spread being a whole number and the final result is equal to that number, all money is refunded, as this is considered a “push”. The (-110) is the moneyline, which we will discuss below.
NHL Moneyline Betting
In a moneyline wager, there is no point spread. In fact, you are simply picking who will win the game, straight-up, with no handicap whatsoever. Seems easy, right? It is.
– Dallas Stars (+175) vs Colorado Avalanche (-200)
Here, the Avalanche are favored, as indicated by their (-200) odds. For the favorite, this number is a ratio which equates to how much money must be laid down, in order to win $100. Keep in mind you can wager as little or as much as you’d like, but for every $2 you bet in this scenario, you would profit $1. On the flip side, the Stars at (+175) represent their own ratio: how much money you would win by betting $100. Notice how the underdog allows you to bet less than what you would profit, which makes selecting the right underdog (and staying away from the wrong favorite) so profitable.
Choosing The Over/Under In NHL Betting
Just like picking a winner, with this method, you are simply picking if the actual goal amount will be higher or lower than the projected total. Like spread betting, there can be instances of a whole number resulting in a push, but the majority of over/unders will be halved.
– Washington Capitals vs Las Vegas Knights: o/u 5.5 (-110)
Making the selection is as simple as it can be, where betting the over would need 6 goals or more to be scored for a successful wager. If you took the under, only 5 goals or less could be scored for you to be a winner. If the majority of people are betting a certain way on the o/u, the odds may slightly shift from the general (-110) odds. In some case, you can see (-135) or (even) action if the line is about to adjust, as the books want to balance their betting intake.
Other Legal NHL Betting Options
If you are a true fan of the NHL or you just want to support a team along the way, consider looking taking a “futures” bet. In this style, you have such options such as picking a team to win their division, conference, or even the Stanley Cup. The odds are always changing, as each week’s progress modifies the payouts. From the end of the Stanley Cup Playoffs into the preseason, through the regular season, and back into the playoffs, these wagers will be available for you. Just be sure to capitalize when the odds are right.
Another common style, most notably known in the Super Bowl, is prop betting. Whether you decide to do a propositional bet on a team or player, there will be dozens of options each game. Certain betting lines that will be included are how many saves a goalie will have, if a player will score a goal or even how much penalty time will be given. These and more provide excellent entertainment throughout the game, as you are watching your main bet play out along with the game.
Betting On The NHL From Your Phone
All states have certain restrictions when it comes to mobile wagering, mainly geofencing. While each state is different in its regulations, some may allow you to wager anywhere within the state, some may only allow you to wager if you’re on the casino’s property, and some may not permit it at all. With this constant uncertainty and oversight, it is much easier to use an offshore betting site. These online sportsbooks will always have mobile betting options on the NHL so it will be up to you to find the best NHL bet from your phone.
Live Betting On The NHL
Live betting gives you so many more options when you are looking to bet on the NHL. Instead of picking a line and waiting for the game to finish, you can take action into your own hands. With NFL live betting, you can hedge your bets, double down, or even participate in a variety of bets that are specific to this moment’s actions: Choose to wager on the next goalscorer and you may find odds at +600 or more, choose to wager on the third period being the highest scoring one, or even choose to wager on the exact winning margin of either team. These are just a few of the hundreds of options you have and even though these games are not as high-scoring as the NFL or NBA, the bets are still there so be sure to check the live betting feature on your legal NHL betting site.
Legal NHL Betting FAQs
What Is The Puck Line In NHL Betting?
The puck line in the NHL is similar to the spread but is always set at 1.5 goals. It is important to pay attention to the spread as well as the odds because a team can be negative on the puck line (-1.5) but could have underdog odds to cover this (+140). When you are placing a bet on the NHL, treat the puck line the same as you would treat the spread in any other way of betting.
Is Betting Allowed For Just Certain Periods Of A Hockey Match?
Yes! You are allowed to place wagers on an entire game or just a period of the game. Sportsbooks cover all the bases and allow gamblers to choose which type of bet works best for them.
How Are The Odds For NHL Betting Made?
Many factors go into making odds on any given matchup. Sportsbooks have oddsmakers that take into account not just data from past events but present-day performances as well as a team schedule and where the game is being hosted. All of these details go into coming up with lines on the game for gamblers to wager on.