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Legal NHL Betting Guide

NHL LogoThe National Hockey League (NHL) was the first professional sports organization in the US to embrace sports betting after the Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018. While other leagues were reluctant at first, the NHL opened their arms to partnerships, bettors, and data tracking services.

Now as the 2019-20 NHL season is set to begin there are more hockey betting options than ever before. Below we will explain the legal options available to US bettors and offer our advice on the best US-friendly online sportsbooks. Our guide will also explain betting options, how to read odds, and other important aspects of legal NHL betting.

Is It Legal To Bet On NHL Games?

Yes. There are no betting laws set by the US Government that outlaws betting on sports. Since the repeal of PASPA, there have been several states that have passed sports betting laws. Online sports betting sites that operate offshore are also legal because no federal laws are banning their use. 

Best NHL Betting Sites

Site NameCurrent BonusU.S.Visit Site
Bovada Sportsbook50% Max $250USA Players Legally AcceptedVisit Site
Review
MyBookie Sportsbook100% Max $1,000USA Players Legally AcceptedVisit Site
Review
Betonline Sportsbook50% Max $1,000USA Players Legally AcceptedVisit Site
Review
 

NHL Betting Odds: Who Will Win The Stanley Cup in 2020?

Last year the St. Louis Blues (+1500) won their first Stanley Cup trophy in franchise history after the series went the full stretch of seven games. However, the Tampa Bay Lightning (+750) are preseason favorites to win the 2020 Stanley Cup due to their intense scoring capabilities. In 2019, the Lightning outscored the second-place Eastern conference team by 21 goals before the team went cold during the playoffs.

Preseason odds are based off last year’s performance, player trades, and other determining factors. NHL odds will change many times during the 82-game season, but here are the current odds offered at Bovada’s sportsbook.

NHL Important Dates

Below are the important dates for the NHL 2019-20 season including Opening day, the Winter Classic, and the end of the regular season.

2019

  • Opening Day - October 2nd, 2019
  • Global Series – October 4th, 2019 (Prague, Czech Republic)
  • Heritage Classic – October 26th, 2019 (Regina, Saskatchewan)

2020

  • 2020 Winter Classic – January 1st, 2020 (Dallas, Texas)
  • All-Star Break – January 23rd-26th, 2020
  • Hockey Day (Canada) – February 8th, 2020
  • Hockey Day (USA) – February 16th, 2020
  • End of Regular Season – April 4th, 2020

 Schedule for each team: ESPN.com

NHL Betting Partnerships

NHL commissioner Gary Bettman is taking a new approach to sports betting by embracing the industry since there are so many states that have passed sports betting laws. So far, the NHL has committed to several sports betting partnerships which are set to fully begin in the 2019-20 season.

In 2018, the NHL inked a deal with MGM Resorts that includes access to the leagues in-development tracking system that uses sensors to track players and puck movements in real-time. The data system was previewed during last year’s All-Star Game and reports indicate the system could be fully functional for the 2019-20 season.

A few weeks later the league announced their second partnership deal with Fan Duel. This deal makes them the official daily fantasy betting partner of the NHL as well as an official sports betting partner.

In 2019, commissioner Bettman announced that the NHL had inked another multi-year deal. This time the beneficiary is William Hill, making them the third official sports betting partner of the NHL. Commissioner Bettman went on to tell the press that this deal provides a tremendous opportunity to further fan engagement and that they hope to increase viewership across the sport.

In addition to these three league partnerships, several teams have also inked deals with bookmakers giving them more rights to branding and exposure.

NHL Stadium Sportsbooks

As mentioned above some teams and stadiums have partnered to bring the hockey betting experience closer to the fans. Last year the New Jersey Devils opened up William Hill betting lounges in the Prudential Center where fans could follow the game and place bets.

This year SugarHouse Casino is expected to follow suit after they inked a deal with the Philadelphia Flyers and the Wells Fargo Center. The Las Vegas Knights were the first to ink a deal with William Hill, but so far there are no betting centers; however, that could change now that other states are allowing sportsbook at stadiums. 

NHL Online Sportsbooks

Online sportsbooks offer the most convenience to bettors looking to bet on professional hockey games. In most cases, they also offer the most betting options, favorable game lines, and lucrative bonus offers. We consider the online sportsbooks listed in this guide to be the best option for hockey bettors looking for action. We base our suggestions on their legal status, the fact that they can operate across state lines, age requirement of 18+, and because they offer tons of props and futures. 

NHL Online Betting Options

When betting on NHL games there are several different approaches a bettor can take. Game lines are one of the most popular options to bet on, but you also have period lines, team totals, props, and future betting lines.

Game Lines – Game lines feature spread, moneyline, and totals for each game. Winnings are determined by the odds and the amount of the wager placed. 

Period Lines – Period lines are similar game lines, but based off a single period of play. Period betting allows users to take odds and wager on the spread, moneyline, or totals for each period. 

Team Totals – Totals allow users to bet on the total amount of points scored instead of a winner or loser. Totals use a combined score from each team, and the bettor wagers on if the total points scored will be over or under the lines giving. 

Futures – NHL future betting odds allows users to bet on future outcomes such as the 2020 Stanley cup winner, division winners, Art Ross Trophy winners, Hart Trophy Winners, and many more future possibilities. Future bettors generally get the best lines during the preseason or the offseason. 

Props – Season prop bets are available for individual teams, players, and more. Prop bets generally do not affect the outcome of the game and could include something like “will a fight happen in the first period.”

Parlays - Parlay betting is stringing multiple bets together to yield bigger winnings. You can place multiple bets on the same game like a moneyline and over/under bet, or you can string different game line bets together in the parlay.

How To Read NHL Odds

There are three types of odds: Fractional, Decimal, and American. For the following example we will discuss American odds as they appeal to the majority of our readers.

American odds are presented as positive or negative odds. For positive odds, the (+) number represents how much you would win if you placed a $100 bet. The negative (–) number represents how much you have to wager to win $100. Below you will find examples and how much wagers are worth based on the odds given.

NHL Betting Guide: Tips & Tricks

The following tips and tricks are intended to make you more aware of betting possibilities and how you should approach professional sports betting. Hockey like any other sport is a game which outcomes are unpredictable so bettors use their skill in determining the best odds to make money. Below are helpful tips to be aware of when betting on NHL lines.

Pro Hockey Resources: NHL Stats, Scores, and Streams

Below are useful links that can help you place an educated bet while keeping up with the live-action. These sites are guaranteed to have updated stats, scores, and injury reports. You will also find helpful ways to watch scores or stream games. 

Stats: NHL.com/stats
Live Scores: ESPN.com
Live Streams: NHL.com/tv

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