NHL betting odds Canada
– The best sportsbooks
Before looking at the specifics, such as the NHL playoffs betting odds, let’s start off by introducing the five
best sports gambling sites. As well as offering the best overall value for your hockey bets, these are also top-quality licensed operators for Canadian bettors:
| Rank |
Sportsbook |
NHL betting features |
Min deposit/withdrawal |
| #1 |
Bet365 |
Best overall NHL odds value
Multi-sport parlays |
$10/$20 |
| #2 |
BetMGM |
NHL specials
Official NHL partner |
$10/$20 |
| #3 |
Pointsbet |
Pick your own odds for puck line and totals
Lowest deposit and withdrawal limits |
$5/$5 |
| #4 |
BetRivers.com |
NHL player props
Stats and tops |
$10/$20 |
| #5 |
Betway |
Selection of NHL markets
Implied probability graphs for NHL games |
$10/$10 |
Betting odds NHL
– Site reviews for Canada
Above, you can find the most essential information about the five best sportsbooks in Canada for NHL betting odds. Below, you can check out what each site has to offer hockey fans in a little bit more detail. If you want more information, you can also check out our full review of each betting site here at TheGruelingTruth.
1. Bet365 – The best value for
NHL betting odds
Bet365 is an international betting brand that now has an iGO license, meaning that the platform accepts Ontario-based customers aged 19+. It is known for always offering excellent value odds across the board, and that extends to all NHL markets as well.
If you compare the NHL odds at Bet365 to any other sportsbook on this list, or elsewhere in Canada, you will find that, more often than not, they are the same or better. On top of that, you can also combine your NHL bets with other sports, using the Bet365 multi-sport parlay bet builder.
Bet365 Highlights
- Bet on all the biggest CA sporting events
- Live betting & streaming options
- 24/7 customer support available
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2. BetMGM – Biggest selection of Stanley Cup and
NHL playoffs betting odds
BetMGM is the only sportsbook on this list that is actually an official partner of the NHL. On its Ontario-licensed platform, you will find an excellent selection of betting odds for every NHL game. Moreover, you can view the puck line, total and moneyline for each period individually at the click of a button, as well as the whole game.
Where BetMGM really comes to life is with its NHL futures odds. As well as outrights for the playoffs and the Stanley Cup, you also have some alternative markets. For instance, you can wager on what conference the Stanley Cup winner will come from, or if we will see a first-time champion this season.
BetMGM Highlights
- Huge range of betting markets
- Competitive odds
- Awesome mobile app
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3. Pointsbet – Pick your own puck line and totals
Pointsbet is an official partner of the Toronto Maple Leafs, and as a result, is very proactive in promoting its NHL odds and markets. As well as the usual betting lines, props and futures for the NHL, you also have some customizable betting options as well.
For example, on some games, Pointsbet will allow you to pick your own puck line and/or totals line. If you don’t like the looks of the spread or the points total on the main betting line, you can select your own and Pointsbet will give you the odds for it.
PointsBet Sports
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PointsBet Highlights
- Generous betting odds
- Live betting and streaming
- Huge range of betting markets
BetRivers.com is an extremely user-friendly platform that is packed with features to help you out. For example, on the main NHL betting odds line for each game, there are two buttons – “Stats” and “Tips”.
If you click on the “Stats” button, a window will pop up with details and infographics showing you where the game is played, what time it starts and a whole host of H2H stats between the two teams. The “Tips” button will display facts relating to certain odds and markets, such as how many times the Maple Leafs have beaten the puck line in their last 10 games.
PointsBet Sports
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PointsBet Highlights
- Generous betting odds
- Live betting and streaming
- Huge range of betting markets
5. Betway – The largest selection of
NHL betting odds in Canada
Much like Bet365, Betway is also an international betting site with thousands of sporting events, leagues and competitions that you can wager on each day. However, the Ontario platform is very NHL and hockey-focused in general.
On this platform, you can find a massive selection of markets, from outrights to player props, futures and more. If you are a dedicated hockey fan who likes to look beyond the NHL, Betway also offers odds on just about every pro ice hockey league in the world, including Russia, Finland and Switzerland. Although it is an overseas-based site, Betway is still among the best
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for Canada players.
Betway Sports
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Betway Highlights
- 30+ betting markets
- Customizable features
- Cash out option
How
NHL betting odds in Canada
work
The most commonly used odds format in Canada for NHL and other sports is decimal, but there are some sportsbooks, such as BetRivers.com, that use American odds instead. Here is an example of how your average NHL betting line looks using decimal odds:
|
Puck Line |
Total |
Moneyline |
| Canadiens |
+1.5
2.15 |
O 6
1.91 |
3.40 |
| Maple Leafs |
-1.5
1.72 |
U 6
1.91 |
1.33 |
There are three markets displayed in this example:
1. Moneyline
– This is the basic betting line for the outright winner of the game. You can see that the Maple Leafs are clear favourites here, as they are being offered at much shorter odds of 1.33, while the Canadiens are underdogs at long odds of 3.40.
2. Puck Line
– This is the equivalent of the points spread in most other sports, and the contest has been evened up by giving the Maple Leafs a 1.5-point handicap. On the other hand, the Canadiens have a 1.5 point advantage as underdogs.
3. Totals
– Rather than showing who will win or lose, this market gives you a total points total line of 6, and you can be on the game finishing with either over or under six goals being scored by both teams combined.
How the odds are set and how they move
The bookie will first of all set the odds based on the implied probability of each outcome. They then add a small amount to that on each site to ensure their profits, known as the “vig”. In the lead-up to the game, the odds will change based on each team’s preparation and other factors.
Additionally, sportsbooks will alter the odds based on how much money they are taking on both outcomes. The puck line in the example above would have started at 1.91 odds for both sides. However, in this case, the sportsbook has probably seen a lot more money come in on the Maple Leafs, so has shortened the odds on that side and juiced the Canadiens (+1.5) to encourage bets on the opposite outcome.
Betting odds NHL playoffs
The playoffs open up extra betting opportunities, particularly as the NHL playoff betting odds start earlier with futures betting markets. At the start of the season, you can already bet on which teams will make the playoffs or which conference will come out on top.
NHL Stanley Cup betting odds
As is the case with the playoffs,
Stanley Cup odds
are already made available at the start of each season with futures markets. You can wager on a team to win outright, or you can broaden your selection by picking the conference, division or country of the winning team.
NHL betting odds Canada
– Conclusion
Above all else, the most important thing when betting on the NHL is to find the best possible value for your odds. And the best way to do that is to shop around for the best available value every time. That’s why we recommend that more experienced bettors register with more than one of our recommended sportsbooks. You can now check out our full reviews to find the best NHL betting sites in Ontario for you today.
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NHL betting odds
FAQ
🇨🇦 Where can I find betting odds for the NHL in Canada?
You can find the best betting odds for the NHL here at TheGruelingTruth.com. Consistently, the best Ontario sportsbooks for NHL odds at Bet365, BetMGM and Pointsbet.
🏒 What does +1.5 mean in NHL betting?
+1.5 is an example of what is known as the “puck line” in hockey, which is the same as the points spread. In an uneven game, the favourite might be given a -.15 handicap, while the underdog is given a +1.5 advantage.
❓How do odds work for the NHL?
The odds show you two things – a team’s probability of winning and how much you stand to win if you back a team. For example, if the Maple Leafs are 2.0 to beat the Canadiens, and you bet $100, your total payout would be: $100 x 2.0 = $200.
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