To calculate the payout for odds of -225, just use the following formula: Potential Payout = (Stake / Value of Odds) + Stake.

Positive (+) odds show what’s needed to profit for a $100 wager.

Negative (-) odds show what’s needed to wager to win $100.

The odds indicate how much you need to bet, which team is the favorite and which is the underdog.

Odds start with either a plus (+) or minus (-) sign and are always a whole number ( -485, -180, +130, +210, etc.) Understanding American NHL OddsĪmerican odds are the most popular format used by top sportsbooks in North America. We break down the different formats below. Some sportsbooks will offer hockey lines using decimal odds or fractional odds. NHL odds are most commonly expressed in the American odds format. Before you place your first NHL bet, let’s go over what the hockey gambling experts already know. We’ll teach you how to bet on hockey games, how to properly analyze NHL betting odds, dive into hockey’s betting language, increase your chances of winning your bets and ultimately grow your bankroll.īy the end of this guide, if you don’t feel confident in making the right picks, our NHL computer picks page will provide additional guidance that can also help you significantly boost your profits. For a new bettor, reading and understanding NHL games and their respective odds may even feel impossible, but getting familiar with them is a simple process.

Reading NHL odds for the first time can sometimes feel like trying to understand a different language.

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