The 2019-20 NHL season gets underway tomorrow! It’s an exciting time of year here in Canada with the Maple Leafs starting a new look roster around their core, and heading into the season as the second favourites to win the Cup. In the West, the Flames and Jets should once again be competitive and will look for more playoff success this season. The Oilers, Canucks and Habs head into the season with potential for good years, while the Sens will look to put the last couple seasons behind them and start fresh with a promising crop of young players and a new coach.
The start of the season always brings a lot of new interest in betting on the NHL from Canadians who may not have placed an online wager in the past. If this applies to you then this page is for you. This page should act as a beginners guide to betting on the NHL for this 2019-20 season. I will look at the Stanley Cup odds to start and follow that up by looking at some popular NHL wagers you can make on each game throughout the season and finish up with a 3 step guide to start placing NHL bets online.
2019-20 Stanley Cup Betting Odds
Here’s a screenshot from SportsInteraction.com of the Stanley Cup odds for the 12 favourites leading into the season:
The Lightning are the favourites heading into the season, and rightfully so. They have the best roster in the NHL, and they should be able to turn their regular season success into playoff success this year.
The Maple Leafs are the second favourites at odds of 8/1. The Leafs definitely have the high end skill to take a step forward this year, but the road to the Cup will be tough being in the Atlantic division with two other Cup favourites in the Bolts and Bruins.
The Flames are the only other Canadian team in the top 12 with odds of 18/1 to lift the Cup this year. Calgary has the ability to beat anyone in the league, they just need to peak heading into the playoffs this season.
The Jets aren’t shown, but they were the 13th favourites to win the Cup at odds of 20/1. Winnipeg should once again be a top team in the West, but their D will have some question marks this season.
Here are the odds for the other Canadian teams:
- Jets 21.00
- Oilers 29.00
- Canadiens 31.00
- Canucks 34.00
- Senators 151.00
Typical NHL Betting Options
There’s really two betting options that get the vast majority of NHL bets each night: the money line (straight up winner) and over/under bets. You will also see the puck line odds included with the other two in a typical display of betting odds for an NHL game, but it’s the first two that get the most action, so those are the ones I will break down below.
The money line wager is simply betting on which team will win the NHL game. In the NHL there is always a winner thanks to 3-on-3 overtime followed by a shootout, so there are only two possible outcomes in each game: Team A or Team B winning. Let’s look at an example from Sports Interaction:
In this example we’re looking at a game between Ottawa and Toronto. The Senators are the underdogs and a bet on them would payout at a multiple of 3.33 of the wager. So a $100 bet on the Sens would pay out $333 if they pulled out the win. That win can come in regulation, OT or the shootout. Just as long as they win the game, their moneyline wager is a winner.
The over/under is a bet on the total number of goals scored in the game by either team. The over/under is typically set at 5.5 in an NHL game, but you can see the total set anywhere from 4.5 to 6.5 depending on which teams are playing. Let’s continue with the Ottawa vs Toronto example:
The Ottawa vs Toronto game has the higher total of 6.5 because it’s expected to be a high scoring game. For the over to hit 7 or more goals must be scored in the game, while for the under to hit 6 or fewer goals must be scored.
**In the cases where the total is set at a whole number such as 5 or 6, then the bet would be a “push” and the wager would be returned if that exact number of goals were scored in the game.
***It’s also important to note that a goal given for a shootout win does count towards the total.
I’ve also broken down the puck line and regulation time betting options on our hockey betting page, so check that out to learn more.
Bet On The NHL From Canada – 3 Step Guide
Now that you know the bets you can make on an NHL game it’s time to actually place some of those bets. This three step guide will walk you through how to place your first NHL bet, from opening your sportsbook account to clicking the “confirm bet” button your first NHL wager.
#1. Open An Online Sportsbook Account
You will need to open an online betting account in order to bet on the NHL. Our #1 recommended betting site is SportsInteraction.com. I’ve used their sportsbook in all of the examples above.
Sports Interaction is solely focused on the Canadian sports betting marketplace and this results in a sports betting product and service that is completely catered towards Canadians.
We have an exclusive deal with Sports Interaction where new sign ups from HowToBet.ca receive a 100% up to $200 bonus on your first deposit.
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Sports Interaction is our top rated site, but I do suggest opening accounts with at least two of our recommended sportsbooks to allow you to compare odds and get the best return on your wagers. Click here to check out the reviews of all three of our top rated sites.
Next it’s time to deposit. Sports Interaction accepts Visa, MasterCard, Interac e-Transfer, iDebit, MuchBetter, paysafecard, and many more deposit options. Simply put you should have no trouble getting your money into or out of Sports Interaction thanks to their vast selection of banking options and great customer support.
I do suggest you take full advantage of the 100% up to $200 first deposit offer. It’s very easy to clear if you plan on betting on more than a few NHL games this season, and you won’t receive bonuses for subsequent deposits.
#3. Place Your NHL Bets
To find the betting lines for your first NHL bet at SportsInteraction.com, click on ‘Sports’ in the top navigation bar and then select ‘Hockey’ from the left sidebar. You will see ‘NHL Games’ at the top of the list under ‘Hockey’ and this will bring up all of the NHL games you can bet on for that night.
On the NHL page you will see all of the games for the night with betting options that look like the screenshots I included above outlining the various bets. When you select your wager it will show up in your ‘Bet Card’ on the right side of the sportsbook. You should then enter your bet amount and your “Bet Payout” will automatically be displayed.
In this screenshot I’m placing a $100 bet on the Senators to win in Toronto.
If everything looks good, go ahead and select ‘Place Bet’ below the payout. You just placed your first NHL bet online! Now sit back, watch the game and enjoy the action.
Ready to bet? Click here to visit SportsInteraction.com