NHL Betting in Canada 2021

Posted by Chris Spencer . Last updated:

Hockey is the most popular sport in Canada to play and watch, and it’s one of the most popular sports to bet on, too. Beyond the NHL, sports betting sites offer hockey fans wagering opportunities outside of Canada with the German DHL, Russian KHL and Swedish SHL often included. Our guide focuses mainly on hockey betting for the NHL.

Our NHL betting guide covers:

  • The best hockey betting sites for Canadian players
  • Different bet types, & NHL betting lines
  • Recommended NHL betting strategies

Best NHL Hockey Betting Sites for Canadian Players

Our experts have created a list of the industry’s best sites for hockey betting in Canada:

Online NHL Hockey Bet Types

NHL Moneyline Betting

NHL Moneyline Betting

Bet on who wins the game

A wager on the moneyline is very simple, and requires players to bet on who will win the game. This means that inexperienced bettors should focus on learning how this type of wager works.

When you bet on the moneyline, your goal is to guess which team will win the hockey game. The NHL betting lines are marked with an integer, which indicates which team is the favorite and which team is the underdog. Betting $100 on a positive line allows you to win the amount listed on the site.  While betting on a negative line requires you to put the amount determined by the sportsbooks at risk for a chance to win $100.

The difference between betting on a moneyline and betting on the point spread is pretty basic — When betting on the moneyline, you bet on who will win, while a point spread involves how much the favored pick wins by. NHL and hockey betting is mainly a moneyline type of game. When both teams are being offered at the same price, it’s referred to as a pick’em.

Moneyline Hockey Betting Example

Let’s say this is the moneyline:

  • Red Wings +190
  • Maple Leafs -225

In this example, both teams are evenly matched. The bookmaker might set both lines at -110 – in this case, you’ll have to wager $110 for a chance to win $100 regardless of the team you pick.

Puckline Betting

Puckline Betting

Wager on the favorite team winning by two goals or more

NHL moneyline bets are simple and straightforward: this is a bet on who will win the game, regardless of the point spread. This is the easiest form of NHL hockey betting, as you’re simply picking the winner – it doesn’t matter if they win by 3 or 30.

The payouts for moneyline bets depend on who the favorite is and who the underdog is. The underdog will always offer a higher payout due to being viewed by oddsmakers as the inferior team, while the favorite will offer a lower payout, as oddsmakers expect them to win.

Puckline Hockey Betting Example

Let’s say these are the odds:

  • Rangers +1.5 1.68
  • Canadians -1.5 2.23

However, winning a puckline bet that’s placed on the favorite requires your team to win by two goals or more. On the other hand, collecting on a puckline wager placed on an underdog is somewhat easier, as you win even if your team loses the game by one goal.

Over/Under, or Totals Betting

Over/Under, or Totals Betting

Bet on the combined score of both teams

Wager not on the favoured team, but if the combined score of both teams is over or under the amount posed by the sportsbook.

Over/under bets are also known as totals bets due to the fact that the purpose of the bet is to predict whether the combined score of both teams will be higher or lower than the number posted by the sportsbook.

In most cases, the total is set at 6. In this example, cashing on the over bet means the two teams combined to score at least seven goals. And the under would payout if the final score was less than 6.

Over/Under Bet Example

Let’s say the total is set at 40.5 for a game between the Maple Leafs and the Canadians:

Toronto vs. Montreal

  • Over 40.5 (-110)
  • Over 40.5 (-110)

Numbers in brackets show the odds of each bet. Here, both are at -100, which means it’s an even bet. If Toronto wins (sorry, Montreal fans) with a 25-20 score, the total is 45, which means the over hits since 45 is greater than 40.5.

Parlay Betting

Parlay Betting

Bet on multiple outcomes, at once

A parlay means you can place several wagers at once on a single ticket — however, if you lose on one your bets, you lose all the money you’ve wagered.

Every hockey-friendly site allows bettors to parlay their bets to offer moneyline, over/under and puck line bets on a single ticket. If one of your predictions is wrong, you lose all the money that you’ve invested. However, the more bets you make on your ticket, the more money you can win.

Consequently, parlays are widely considered to be best suited for experienced bettors who know how to limit the risk.

Parlay Betting Example

Here’s an example of bets that might be on your parlay ticket: You bet on Boston to win an MLB game at -110, Toronto and Montreal to score over 50 points during a game, and you bet on Tiger Woods to beat Phil Mickelson by 10 points.

First Period Betting

First Period Betting

Bet on the score only within the first period

Typically, wager on what the score will be at the end of the final period, about 20 minutes.

First period wagers aren’t as popular as typical moneylines or puck lines, but they provide you with an interesting alternative to traditional bet types. In a bet of this type, only the results of the first 20 minutes of the match matter.

Usually, you’re allowed to put your money on a first-period moneyline or a 0.5 spread. But some sportsbooks offer second and third-period betting, which tends to be all about picking the team that has the highest score by that point in the hockey game.

First Period Hockey Betting Example

Here’s an NHL betting example – let’s say the Vancouver Canucks are playing against the Toronto Maple Leafs, and the Canucks are the favored team. The odds favor the Canucks at (-200), so you place a $100 bet the Canucks will lead in the first period. They do 1-0, so you win $50, for a total of $150 back (you get the money you wagered back, too).

Hockey Props Betting

Hockey Props Betting

Bet on anything but the final score

In NHL betting, prop bets allow you to bet on elements of the game besides the final score, ranging from which player scores first, to who sings the national anthem.

The term “proposition bets,” or “prop bets,” refers to all the bets that aren’t covered by any of the categories listed above. Props allow you to put your money on the many elements of the game that aren’t connected with the final score.

Prop Hockey Betting Example

For example, many NHL betting sites offer props that allow you to wager on the first player to score, the shot totals or the first team to score.

NHL Futures Betting, or, Stanley Cup Odds

NHL Futures Betting, or, Stanley Cup Odds

Bet on future outcomes of future NHL hockey events.

Wager on the future of hockey. In hockey betting, one of the biggest futures going is the Stanley Cup.

Sportsbooks open lines on a variety of futures bets before the start of every NHL season. Who will win the Stanley Cup, who will win the Eastern and Western conference titles and where will a free agent be playing next season, to name a few. Betting the over/under on a team’s points total for the upcoming NHL season is another popular futures bet.

Futures bets also include individual postseason player awards.  These will also allow you to select a “FIELD” option, offering flexibility if you believe a player stands to win who is not listed as an option.

Hockey Futures Wager Example

Here are a few NHL betting examples of futures wagers – who will win the Stanley Cup, who will win the Eastern and Western conference titles and where will a free agent be playing next season. Betting the over/under on a team’s points total for the upcoming NHL season is another popular futures bet.

Live NHL Betting

Live NHL Betting

Bet on moneylines, pucklines and totals in real-time.

Bet on props, over/unders and pucklines once the game begins.

The top sportsbetting sites offer live NHL betting on games happening in real time. Like the name suggests, these bets are only available after the puck drops and the action starts. You can make all your standard NHL bets, such as moneyline, puckline, and totals. These odds are controlled by an algorithm that centers on the time remaining, score and volume of bets made.

Live NHL Betting Example

The odds and wagers listed for live betting options on an online sportsbook essentially look similar to the examples above, only, live.

Recommended NHL Betting Strategies

If you’re new to sports betting, it may just seem like fun and games, and it can be – if you bet smart. Check out our favourite strategies for smart sports betting to help you have fun and win big.



Know them, but don’t necessarily live by them.

Obviously, if you’re into sports betting, you’re likely into statistics. When it comes to hockey betting, however, if you live by the sword, you can die by the sword. Let’s explain.

Be sure the statistics you collect come from a reputable source, and, are timely and relevant at that. For example, are you looking at states from ESPN, TSN or even stats from the official NHL site? Many hockey betting sites will have some sort of stats available, but be sure you’re not wasting time studying numbers that might not help you make an informed bet.

When it comes to stats, as a bettor you should also make note of which stats are most useful to you. Some statistics, like the fact that a team hasn’t won the Stanley Cup for the past 10 years might not be useful if that team has had a relatively successful season, or is made of strong players who were recently traded and weren’t with the team while they were losing.

Home Sweet Home

Home Sweet Home

Home isn’t always where the heart is.

For many sports, the home team automatically has an advantage when playing in their home arena, field, or province in general.

In hockey betting, however, this doesn’t provide the same advantage it gives in other sports. In hockey, the fans and the team are separated by tall plexiglass. This allows the NHL teams to focus on the game a bit more, plus, teams playing an away game aren’t as distracted by jeers and boos’ opposing teams’ fans can create. Therefore, you might find a home arena doesn’t offer the same advantage it does in other sports.

On the other side of this, home teams may be more well-rested if they haven’t had to travel recently for any games.

Time Off

Time Off

Who's well rested?

When it comes to hockey betting, you should note which teams or players have had 3-4 days off since their previous game. This is one of the most overlooked factors in sports betting, but it pays to look at. Hockey is an extremely physically demanding sport, and having a few days in between games for some R&R typically pays off.

It also pays to look at how far these teams have traveled in their days off. If a majority of the time was spent traveling, they may be feeling a little tired from the constant sitting, or their sleep schedules could be a little wonky. If you really want to do your research before placing a bet, these are some other factors to look into for sure.

Betting On NHL FAQs

NHL Betting Odds

Check out the latest NHL betting odds, moneylines, and goal totals with links to our top-rated hockey betting sites.

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