One of the most popular, straightforward bets for NHL hockey predicts the outright winner of the match. The odds that sportsbooks offer for this wager are called the moneyline. Teams which score the most goals during the game, including overtime and shootout, win the moneyline bet. Number of goals scored and margin of victory don’t factor into moneylines.

Betting On Hockey Moneylines

For our moneyline betting example, we’ll examine a playoff matchup between the Toronto Maple Leafs and the Boston Bruins:


Under the moneyline column, you’ll note that Boston’s odds are -120 while Toronto’s line is +100. This means that Boston bettors must bet $120 for a $100 payout. A +100 moneyline for Toronto requires a $100 bet for a $100 payout.

In this scenario, the Bruins are considered moderate favorites, while the Maple Leafs are slight underdogs. As such, you receive a greater payout for wagering on Toronto’s moneyline, compared to the same stake on Boston. 

Teams with the largest negative odds always denote the favorite. If Toronto had a -115 line while the Bruins maintained their -120 line, Boston would still be the favorite.

Clubs with the biggest positive odds always represent the underdog. If Toronto was +120 while the Bruins were listed at +110, the Maple Leafs would maintain their underdog status. NHL moneylines never feature two teams with positive odds above +100, which would allow bettors to hedge without risk.

NHL Moneyline Betting Tips

  • NHL moneylines which feature lopsided matchups don’t always provide great value. If you’re betting on a favorite with a line of -300, you’ll win roughly $33 dollars for a $100 wager. This might not provide the expected return on investment, depending on your betting strategy.
  • Consider the puckline when a moneyline payout doesn’t pay well. Essentially, you’re betting on a two-goal win instead of a one-goal win, adding a bit of risk. This risk increases puckline payouts compared to moneyline victories.
  • Seek strong underdogs when wagering on moneylines, keeping an eye out for teams which have a good shot at winning, despite odds of +100 or larger. In the example presented above, Toronto would be considered a strong underdog, doubling the payout for wagering on a team with home advantage.
  • Considering adding value by parleying multiple moneyline bets, multiplying the value of each wager added to your betting card.
  • Pay close attention to head-to-head history, trends and player performance when betting on moneylines. Some clubs listed as underdogs may matchup well against favorites, despite superior talent on the team expected to win.