Hockey and NHL betting odds represent the implied chance of winning a bet. Canadian sports betting sites use the American odds format, where values are represented as positive and negative numbers (e.g., +100 or -100). The bigger the number, the smaller the chance of your bet winning.
NHL hockey betting odds also tell you how much you can expect to win from your bet. American odds use $100 as a benchmark. Positive odds tell you how much you can win from a $100 bet, while negative odds refer to how much you have to bet in order to win $100.
Use this easy formula to calculate your potential winnings from a hockey bet:
- Negative Odds: (-100/odds) x Wager Amount
- Positive Odds: (odds/100) x Wager Amount
How does the NHL season work?
The NHL is a 32-team league with two conferences and four divisions. There are eight teams in each division and every team plays 82 games. At the end of the regular season, the top three teams in each division qualify for the playoffs. The next two best teams from each conference qualify as wild card teams. Once in the playoffs, teams battle it out for the Stanley Cup over four rounds. Each round is a best-of-seven series. The winner of the final round lifts the Stanley Cup as NHL champions.
Which sportsbook has the best NHL betting odds?
Of our top hockey sites, BetPlays has the best overall NHL betting odds. The site also offers bets with enhanced odds to give you even more value for your money on hockey wagers.