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Hockey betting systems: NHL Betting strategies

Hockey betting strategies

Hockey remains one of the best sports to bet on, yet, several bettors find it difficult to win consistently while wagering on the sport. They find themselves losing money consistently. Betting without a solid strategy is one major factor.

If you approach betting on the National Hockey League without a strategy, you will continuously lose money. If you have one already and it isn’t working, you should know that not all strategies work. However, you don’t need to worry; this article goes in-depth to review the best working NHL betting strategies that would guarantee you more success in your gambling career.


5 Best Hockey Betting Systems That Work

5 Best Hockey Betting Systems That Work

We would go on to review five of the best strategies to increase your winning probability in hockey betting:


Hedging

Hedging is one of the best NHL betting strategies you can employ. When you hedge a bet, you place a counter wager against your first bet. It is most suitable if you place the first wager, yet you are unsure of the outcome. 

Hedging

Hedging may not guarantee the highest wins, but it helps to keep your risk low when you want to play it safe. When you hedge, you are sure that at least one outcome would favor you, covering the loss of the other while leaving you with some additional profits.

Example

You place a $100 futures wager on Vegas Golden Knights to win the Stanley Cup Playoffs at 50-1 with a potential win of $5000. Then you hedge by placing a $500 wager on Tampa Bay Lightning when they face Vegas Golden Knights in the deciding match at 3-1, with a potential win of $1500. 

If your original outcome happens, you win $5000 and lose the $500. If the hedge wins, you lose the $100 but win $1500, still covering up the loss. With hedging, either way, you win money.

Pros 

  • Winning is guaranteed, no matter how little.
  • It presents low-risk betting.
  • It presents flexible risk management.

Cons

  • Loss is also guaranteed as you are placing two opposite bets
  • You sacrifice potential profits to cover up loses

Over/Under

Over/Under

When you employ over/under betting, you predict the total number of goals in the game. Here, you pick a total score and bet on whether the sum of the two teams’ goals will be more or less than score. 

If you predict the score to be higher, that’s over; if you predict to be lesser, that is under. Due to the low-scoring nature of hockey, you don’t predict a ridiculous amount of goals; it mostly ranges between 5 and 6.5.

Example

In a game between New Jersey Devils and Dallas Stars, with over/under 5.5, if under is slightly favored by your bookmaker. Any favored side is the one with a higher winning probability. If under is favored with -135 and over is the underdog with +110, the underdog has a lesser odds of happening.

With the under at -135, you bet $135 to win $100; over at +110, you bet $100 to win $110. As you may notice, betting on the underdog yields more than the outcome is of lesser probability.

Pros 

  • Both teams contribute to your winning potential
  • Only goals count; you don’t need an accurate winning prediction
  • The winner or loser doesn’t matter

Cons

  • Bookie margin (fee) is higher as they stand a higher chance of losing.

3-Way

3-Way

As the name implies, you are betting on three possible outcomes. Rather than the usual betting on a team to win or draw, here, you get to choose from three possible outcomes. A three-way bet in hockey is only valid for regular time; overtime does not count.

Example

Three-way bets in hockey come in many variations, and it depends on your preference as a punter. In a match between home team Winnipeg Jets and away team Buffalo Sabres, the odds may appear as -200 for home, +250 for a draw, and +220 for away.

You could choose any of the three outcomes; a successful wager on the home team means you need $200 to win $100; as for a successful away wager, you win $220 when you wager $100. Going for the draw is not always the best of ideas, as you should always bear in mind that a three-way bet only lasts for the 60 minutes matchup and not overtime and shootout.

Pros 

  • Generally high winning probability
  • Three possible outcomes

Cons

  • The 3-way bet does not cover overtime and penalty shootouts

Underdog

Underdog

Underdog betting is very simple, a bit risky, but the wins are bigger. Underdogs are the least favored to win a match in a hockey game. Favorites are the seemingly stronger team with better winning probability. 

The masses bet on the favorites most times; however, there are times when betting on the underdog is seemingly profitable. Betting is about probability, but you should employ this strategy when you see events stacked in favor of the underdogs.

Example

Randomly betting on underdogs is not the best of ideas. Look for specific matches and look for probability around it. If the Boston Bruins are on a three-match losing streak because of some injured players, they head into their next match as the underdog. However, before the game, you figure that all injured players are back on the team, playing on their home ground. 

Here, taking the risk to stake on the Boston Bruins as the underdogs is a reasonable choice. Although they may be the underdogs statistically, the probability remains staked in their favor, especially if they face a formidable opponent.

Pros 

  • Underdogs present bigger winning rewards
  • Odds stacked in your favor

Cons

  • It requires a bit of research as you cannot randomly bet on underdogs.

Moneyline

Moneyline

Moneyline is arguably the simplest strategy and is the most recommended for beginners. Here you bet on favorites. You only need to predict who has the higher chances of winning and bet on them.

Example

In a match between Tampa Bay Lighting Spread and Washington Capitals Spread, the home team has a money line of -180 and the away team with +160. The favorites always have the negative sign, while the underdogs have the positive.

As a beginner, it pays off to wager on the favorites while still getting the hang of things. In this case, betting on home, you need to place a $180 bet to win $100.

Pros 

  • It is the best NHL betting strategy for beginners.
  • Betting on the favorites presents a high winning probability

Cons

  • Betting on the favorites alone doesn’t pay so high.

Read also: 5 best Football betting systems

3 Hockey Betting Strategies that don’t Work

3 Hockey Betting Strategies that don’t Work

As much as you want to explore the various strategies available, there are some that you should, by all means, avoid. Here are three hockey betting strategies that don’t work.

Martingale Strategy

The Martingale method suggests that after every loss, you should immediately double your stake for the next bet to recover faster. Theoretically, it may look meaningful, but if you run out of luck, you will find yourself losing more than you should, leading to bankruptcy. It would be best if you avoided martingale strategy by all means as it doesn’t work out in the long run.

Fibonacci Method

The Fibonacci Method employs some arithmetic calculation that indirectly suggests increasing your wager size when you lose. In a losing streak, such a strategy would dissolve the bettors’ bankroll and leave them with nothing left to stake.

Betting on Random Underdogs

Some believe that you should capitalize on the high reward system for NHL underdogs by betting on underdogs randomly. While you may find yourself lucky a couple of times, it is not sustainable as betting is about probability.


7 Tips to Win Hockey Bets

7 Tips to Win Hockey Bets

Apart from the winning strategies, here are tips you can employ to keep you consistent in the game:

  • Try to integrate live betting/inplay into your plan
  • Home teams have a higher winning probability in most cases
  • Don’t bet on too many teams at a time
  • Accept your losses 
  • Research before betting on teams you don’t know
  • Review your betting strategy periodically
  • Specialize on only a few teams

FAQs

What is the best hockey betting system?

There is no best hockey betting system as each comes with its pros and cons. You should review each of them and pick the one that suits you best.

How to bet on hockey and always win?

Betting is a game of probabilities, and you won’t always win all the time. Choose a hockey betting strategy and master it; you will be profitable in the long run. You could also hedge; you won’t always win big, but your wins will always cover the losses.

What is the safest hockey betting strategy?

Each hockey strategy comes with its pros and cons; however, many bettors reckon with hedging as the safest as you stand a chance to win every time, no matter ho

Where to bet on hockey?

You can bet on hockey in online sportsbooks. Look for licensed sportsbooks and your region, and you will be able to place hockey bets.

Read also: 5 Best Baseball betting systems that actually work

Final Thoughts

Hockey is one of the best games to bet on; if you employ a good betting strategy, you will find yourself winning consistently. It may take a while to choose a hockey betting strategy that best suits you; take your time and consider all the options. Try them out and figure which one works for you; once that is set, your success in hockey betting begins.

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