How To Bet on NHL Responsibly

Autumn brings along a supercharged sports schedule, made even more thrilling by the re-emergence of the NHL. As the boundaries of regulated sports betting continue to extend, NHL wagering follows suit, gaining widespread popularity. If you are intrigued by the prospects of NHL betting or looking for the best platforms to place your bets, this comprehensive guide on NHL betting, coupled with information on sign-up bonuses offered by sports betting sites like Ladbrokes, is just for you.

Where is NHL Betting Legal?

In Australia, NHL betting is legal and regulated by the Interactive Gambling Act. This legislation enables Australians to participate in sports betting, including NHL wagering, through both domestic and offshore licensed providers. The sports betting market Down Under is quite competitive, with several top-tier platforms offering NHL betting options.

Australians have a growing interest in sports betting, and NHL betting is no exception. Platforms such as Sportsbet and BetEasy provide Australians with an enjoyable and secure NHL betting experience. These platforms offer a variety of betting options, including moneyline, puck line, and futures, thus catering to both novices and seasoned bettors. Additionally, these sites often provide sign-up bonuses, further enhancing the appeal of NHL betting in the Australian market.

How to Bet on the NHL

Every sportsbook has a unique interface for its website or app, but the procedure for placing NHL bets largely remains the same. Here’s a simple step-by-step guide to get you started:

1. Register for a sportsbook account using the links or banners provided.
2. Once your account is up and running, navigate through the available sports for betting and choose NHL.
3. Explore the various NHL matchups and markets available, and pick the bet with the odds that appeal to you.
4. Specify the amount of money you wish to stake.
5. Finally, confirm your details and click ‘Place Bet’.

How Does NHL Betting Work?

Just like its counterparts in the sporting world, NHL betting encompasses a wide range of betting options. Bettors can place bets on the money line, the puck line (akin to a spread), and the game’s total score (over/under), among a plethora of other markets. Additionally, bets extend beyond simple game outcomes—game props, player props, and parlays are also popular among NHL bettors. The process is straightforward: first, browse the available markets and their corresponding odds. Next, choose your preferred bet(s), input the wager amount, and finalise your bet.

Popular NHL Betting Types You Should Know About

The NHL, like other sports, offers a vast array of bet types. Here are some of the most frequently used betting strategies beyond the standard money line, puck line, and game totals:

NHL Parlays

NHL parlays involve combining multiple individual bets, each with their own odds. The catch? To win, all your selections must be successful; even one loss means the entire parlay bet is lost. The odds increase with each additional bet as the likelihood of all bets winning simultaneously decreases. However, a successful parlay can offer a significant payout.

NHL Same Game Parlay

This variant of the NHL parlay involves combining multiple picks, but all from the same game. For instance, within one match, a bettor might wager on the money line, game total, and perhaps even a player prop. The combined odds of each pick increase as the probability of each selection winning reduces.

NHL Teasers

Teasers allow bettors to manipulate the line or “buy points”. For example, if the Rangers were -2.5 (+120) favourites against a not-so-strong Ducks team, a teaser could let you adjust the puck line to Rangers -1.5. However, the odds would become less appealing as the +120 might shift to around -150.

NHL Futures

NHL Futures let you bet on future outcomes for a team or player. For instance, you could wager on which team will win a division, conference, or the Stanley Cup. You could also bet on who will secure individual accolades like the Hart Trophy. Although these are futures, odds fluctuate based on various factors such as injuries, trades, and performance streaks.

NHL Odds & Betting Lines Explained

If any terms or jargon related to betting types or lines made you scratch your head in confusion, fret not, as we are here to demystify them. Most of these types of bets are common across various sports, with a few unique to hockey. Let’s delve into the definitions and examples of popular NHL betting types:

Money line: Wagering on the money line simply means you are backing a team to triumph in the game outright. Here’s an example: Vegas Golden Knights (-130) vs Florida Panthers (+120).

Puck line: The puck line specifies the number of goals by which the favourite must win. If the favourite’s puck line is -1.5, they must prevail by at least two goals to cover the puck line. Conversely, if the underdog’s puck line is +1.5, they can either win the game outright or lose by a single goal for the bet to be successful. For example: Vegas Golden Knights -1.5 (+140) vs Florida Panthers +1.5 (-160).

Game total: This bet type pertains to the aggregate number of goals to be scored in the game. The sportsbook stipulates the total, and bettors then decide whether to bet on the actual total goals being over or under that number. For instance: Over 5.5 (-120) vs. Under 5.5 (+100).

Player props: This category allows bettors to gamble on individual player statistics for a specific game. Popular NHL player prop bets include anytime goalscorer, first goalscorer, points, shots on goal, among others. The sportsbook establishes the prop, and the bettor then predicts whether that prop will be met. For example: Anytime goalscorer: Matthew Tkachuk (-110), Aleksander Barkov (+140), Jonathan Marchessault (+150), and so on.

Tips for Responsible Betting

While NHL betting can be entertaining and potentially lucrative, it is essential to gamble responsibly. Here are some tips to ensure a safe and enjoyable betting experience:

1. Set a budget: Before you start betting, determine the amount of money you are willing to risk.
2. Stay disciplined: Stick within your predetermined budget and avoid chasing losses.
3. Don’t bet under the influence: Avoid making wagers while under the influence of drugs or alcohol, as it can impair your judgment.
4. Educate yourself: Research and understand the sport, teams, and players before placing bets.
5. Practice bankroll management: Strategically plan how much money you will allocate to each bet to avoid overspending on one game.