What do the NHL Odds Mean?įor the most part, they’re an indication of sentiment that the sportsbooks calculate based on a variety of factors, including form and injuries. The broad rule is that the denominator represents your stake, and the numerator represents your reward.

A +120 bet on Tampa Bay would be represented as 6/5 in this format, which would mean that for every $5 you bet, a successful bet would pay $6 in reward a $10 bet would pay $12, or a $100 bet would pay $120, and so on. These odds indicate how much money you would win as a proportion of your bet. So, a successful $300 bet on Colorado would return 300 x 1.33 = $399.99. You simply multiply the amount you are betting by the decimal odds to arrive at the total return, including your initial stake. Odds of -300 on Colorado and +120 on Tampa Bay would be represented as 1.33 and 2.2, respectively.

Of course, you don’t have to bet that much money as a beginner and will still be paid in the same proportions no matter what your wager amount is. A successful bet of $100 on Tampa Bay would win you $120. Negative numbers represent how many dollars you’d have to place to win a $100 reward, and positive numbers show how much you would win if you placed a $100 bet.įor instance, if the Colorado Avalanche are -300 to win the Stanley Cup finals, and the Tampa Bay Lightning are +120, then a successful bet of $300 on Colorado would pay you $100 in winnings. Underdogs will have positive number odds - longer odds, in betting parlance - and favorites have negative or shorter odds. These odds consist of positive or negative numbers, depending on which team is the favorite and which is the underdog. These are the most common format in the United States. They are all interchangeable, so don’t panic if you see different formats you can simply switch to the one you’re most comfortable with. Odds are represented as whole numbers (American format), decimals, or fractions. The betting odds for NHL games are the same that you might have seen elsewhere.

Moneyline total goals parlay