When is a Hockey Game Considered Official for Sports Betting Purposes?
Hockey games don’t have to go full regulation play for wagers to have action. Games must be played on the date and location scheduled for bettors to have action on the game. Hockey games are played mostly at indoor arenas so no worry about games being called during play due to in climate weather. Recently the NHL has introduced the NHL Winter Classic. The NHL Winter Classic is scheduled on New Year’s Day and played outdoors at large football or Major League Baseball stadiums. The NHL has a backup plan if the game is postponed due to weather. Both teams have an off day on January 2nd to accommodate the rescheduling of the game at the home teams indoor arena. If the game is rescheduled or does not go the required 55 minutes, sports bettors will have no action on their wager and will be given a full refund. Hockey games are played during the winter months in the NHL and games can be cancelled if a team cannot travel to the site of the game due to in climate weather.
When an NHL bettor makes a bet at a Las Vegas or online sportsbook they are likely to be making a wager on the money line or a total. A money line wager can be a bit confusing at first to novice bettors. Here is an example how a sports bettor will find an NHL game displayed at a Las Vegas or online sportsbook:
Los Angeles Kings +130
Detroit Red Wings -150
The game is displayed in the money line betting format. The + money is the underdog and the – is the favorite. If a sports bettor would like to bet on the Kings for every $100 they bet they will win $130 plus receive back their $100 wager for $230 total. If the sports bettor wants to bet on the Detroit Red Wings they would have to bet $150 to win $100. The Kings must now win by 2 goals to win the bet and Detroit bettors will win if Detroit wins the game outright or loses the game by 1 goal. A loss by 2 goals by Detroit will lose the puck line bet for those betting on the Red Wings.
NHL bettors may also bet on a total. A total is defined as the total number of goals scored by both teams. Sports gamblers must choose whether the total number of goals scored by both teams combined will be over or under the total posted at the sportsbook. For games that require a shootout, only one goal will be awarded to the winning team when determining the final score regardless of how many goals are scored during the shootout round. For betting purposes the goal awarded to the winning side in the shootout will count in the official betting total between the combined squads.
Puck line betting is also offered by Las Vegas and online sportsbooks. Puck lines are very similar to run line betting on Major League Baseball. Oddsmakers will set odds based on a 1 ½ goal head start for the money line underdog and a 1 ½ goal deficit to the money line odds favorite. Often times the favorite role and underdog roles are reversed for betting purposes on puck lines. On puck lines oddsmakers will set a favorite giving a 1 ½ goal head start to one side and a 1 ½ goal deficit to the other squad. Money line odds will be attached for each betting side. Here is an example how sports bettors will see puck lines displayed at Las Vegas or online sportsbooks.
Los Angeles Kings +1.5 (-200)
Detroit Red Wings –1.5 (+175)
Those who would like the Los Angeles Kings will get a 1-½ goal head start but now must bet $200 to win $100. A bet on the Detroit Red Wings will have Detroit playing with a 1-½ goal deficit and a $100 bet on the Red Wings will return $175.
In addition to wagers on the whole game, all third period wagers include results from overtime. Games are official for wagering purposes after 55 minutes of play. The best practice followed by professional bettors is to thoroughly read the terms and conditions posted for bettors at each establishment.