How to understand the Expert Picks for the NHL?
The NHL Season is just around the corner and every year the popular sport attracts new fans and a new population of sports wagerers. Like any industry sports gambling has a specific language, or nomenclature, if you will; the understanding of which will be crucial to thriving within said industry. So let’s dive in and grasp all the things you will need to know.
If you have never wagered before and are looking to understand some basic sports gambling terms, a good place to start is FAVORITE and UNDERDOG. The Favorite is the team that is favored by those who set betting lines, also known as Oddsmakers, to win the game in question.
The Underdog is the team that is determined to have a less favorable shot at winning.
The Favorite’s betting line or price will usually be indicated with a “-” or minus sign, where as the Underdog will be given a “+” or plus sign.
So when you come to get our expert picks, let’s say you click on an article for a game between the:
Toronto Maple Leafs (-150) vs Montreal Canadiens (+130)
Seeing the line you are already be well aware that the “-” symbol indacates that the Maple Leafs are the Favorite and the “+” symbol indacates that the Canadiens are Underdogs.
And let’s say for example our expert predicts that the Toronto Maple Leafs will win and he selects them at -150 odds, you may very well ask yourself what does -150?
One site reads Toronto Maple Leafs -150 and another site reads Toronto Maple Leafs 1.67.
What’s the difference? What do all these variations mean and most importantly…
How much do I have to bet to win $100?
There will be 2 common ways that betting site express Odds; American or Decimal
Anytime they use the “+/-” symbols those are American and anytime they use a “.” those are Decimal odds.
Anytime you have to pay more than even money the “-” symbol is used in American and the number 1 is the the number before the “.” in decimal.
SO the easiest way to understand American odds are as such:
*Divide the odd by 100 and use the -/+ accordingly
(-150) means that I have to put down $1.50 to net a gain of $1 on my money – so to win $100 I need to wager $150
(+130) means that for every dollar I wager I can net a return of $1.30 – so to win $100 I need to wager approximately $77
And the easiest way to understand Decimal odds are as such:
*subtract the number 1 from every decimal odd to know your potential ROI (return of investment)
(1.67) means that for every dollar I wager I will make $0.67 – so to win $100 I need to wager $150
(2.30) means that for every dollar I wager I will make $1.30 – so to win $100 I need to wager $77
There’s an old stock market saying that goes, “make the trend your friend ” and with good reason. That logic can apply to the NHL as well.
If you, or a handicapper, spot a pattern in results over a sample of time that gives you an added level of secure feeling than you should not hesitate to invest in such a prediction.
For instance, if the Montreal Canadiens are playing on back-to-back nights and the research shows that their performance on the second night of back to back games suffers, perhaps you may take a more keen interest in such information.
Hypothetically speaking, there is a team with a record of 30 wins-30 losses, or a .500 record. They average 3 goals per game and give up 3 goals per game.
Yet this same team has a 2-8 (2 wins and 8 losses) on the second night of a back to back, and they have a 4.00 GAA (goals against average) and only score an average of 2 GPG (goals per game) in those games 10 games. Spotting such a trend could wind up being very profitable.
So…what happens if they Tie?
This was a common question pre NHL lockout but after they returned to workout, the post overtime shootout ensured that every game had a winner or loser.
However there are still 3 way lines that apply to ONLY 60 minutes or Regulation.
And the 3 way moneyline offers Win, Lose and Draw options with increased returns for each bet as the individual bettor is incurring more risk by having his wager only applicable after 60 minutes.
Betting the spread
In the NHL, the spread mostly expresses itself as +/- 1.5 goals and it’s meant to be added or subtracted from that team’s final score.
The betting favorite will be given a line of -1.5, meaning that they have to win by 2 goals or more.
The betting underdog will be given an option of +1.5 meaning that any result other than a 2+ goal loss equals a win.
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