Who will win? If you want a simple way to bet on hockey, betting the moneyline is for you.
NHL Parlay Betting Explained
If betting on individual outcomes can make NHL games more exciting, it’s not hard to imagine what betting on multiple games can do for the game day experience – and the winnings you could bank in the process. If you’re ready for higher risk, but also higher rewards, then you need NHL parlays in your locker.
NHL parlay betting involves making multiple bets, which are referred to as legs, that combine to make a single wager. The more legs you have in a parlay, the higher your overall odds will be, and the more you stand to win should that wager be successful.
Some prop bets can be used in parlays, but not all. Typically, an NHL parlay can consist of point spread, over/under, and moneyline bets. Make a single wager on each market and your chances of winning are higher, but your payout will be lower. However, as you combine each leg into one wager – a parlay – the odds multiply, and, although much harder to predict correctly, you stand to win more if you do.
The rewards in NHL parlay betting are always offset by the risk, since you will lose the bet if you miss out on one leg. Yes, the bigger reward makes the opportunities involved with NHL parlay betting sites exciting, however, always remember it comes with a greater chance of losing.
The following are the betting lines from an NHL parlay betting site on a single game day:
|Puck Line-- for OT and shootout||Total-- for OT and shootout||Moneyline-- for OT and shootout|
|Sabres||-1.5 (+195)||O 6.0 (-103)||-124|
|Capitals||+1.5 (-240)||U 6.0 (-120)||+106|
|Golden Knights||-1.5 (+150)||O 5.5 (-107)||-175|
|Coyotes||+1.5 (-182)||U 5.5 (-114)||+148|
|Maple Leafs||+1.5 (-265)||O 6.0 (-118)||+102|
|Flames||-1.5 (+210)||U 6.0 (-103)||-118|
|Rangers||+1.5 (-210)||O 6.5 (-115)||+118|
|Penguins||-1.5 (+175)||U 6.5 (-106)||-137|
|Islanders||-1.0 (-106)||O 5.5 (+106)||-175|
|Devils||+1.0 (-113)||U 5.5 (-129)||+148|
Let’s make a five-leg parlay with one of the NHL parlay betting sites by picking the Sabres to win, the over on the Golden Knights-Coyotes game, the Flames against the spread, the Rangers to win, and the under on the Islanders-Devils game – all highlighted above.
In this example, you opt to bet $100 (you can, of course, bet any amount you want). If you miss on one leg or more you win nothing. However, should you correctly predict each leg, the payout will be $4,092.54.
To calculate parlay odds yourself, convert the odds for each leg to decimal form (if they aren’t already), and multiply each one together for the overall odds – but it can get complicated. Let us do the hard work for you and just add everything into our bet calculator to see your return.
Why try NHL parlay betting rather than make a separate bet on each leg? Firstly, you would have had to risk $100 on each leg, a much more significant overall stake. Plus, if you had won each bet as individual bets, your return would have been just $579.63.
Find out why betting over/unders, AKA totals betting, is an important skill for any online bettor.
Also called 'the line' or 'the spread', find out how this margin is used to handicap the favorite team.
Want bigger odds and bigger returns on your hockey bets? Then parlays are for you.
That is a question every bettor must answer for themselves. Betting on an NHL parlay comes with more risk, but they also come with a greater payout. So, the question is not whether they are worth it, but whether the potential reward is worth the risk.
Whether it is smart to bet on parlays depends on your betting strategy. If you like the idea of risking less to win more, than the answer is yes. But if you don’t like the additional risk and the increased chance of losing, then the answer is no.
To calculate the odds for an NHL parlay:
Convert the odds for each leg of your NHL parlay to decimal form (if they aren’t already)
Multiply each one together
The total will be your odds of winning that particular NHL parlay
When you get involved with NHL parlay betting online it is nice to know how much you stand to win. The easiest way is to use our odds calculator, enter in the odds for each leg and how much you are betting. But if you want to do the math yourself, calculate your odds by multiplying the odds of each leg together. Take the answer and multiply that by your wager.
Prop bets can be used in NHL parlay betting online. However, this can depend on the game and the prop bet selected, as not all can be combined. Typically, a message will pop up in your bet slip if the wagers you selected cannot be combined in a parlay.
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