If you live in Canada, chances are you have bet on the NHL at least once before whether it was online or with your friends. Hockey is also one of the most popular sports in the USA although it doesn't come close to sports like football and baseball. Hockey odds are going to be presented using American odds with most sportsbooks, which is really simple to understand.
In hockey the two most popular types of bets are moneyline bets and over/under bets. Both types of bets use the same type of odds, so learning how to read NHL betting odds is something anyone can do in the matter of minutes.
Vancouver Canucks -170 vs. Montreal Canadiens +130
The negative sign in front of the odds signifies that you're going to need to risk juice on the bet whereas the positive sign in front of the odds signifies that you're going to receive plus money on that particular team. Looking at the example above, it'd take a $17 wager to make $10 on the Canucks while a $10 bet on the Canadiens would earn you $13.
» NHL Puckline Odds
Puckline bets are ideal in situations where you want to pick a favourite, but you don't want to risk a lot of juice. In the NHL it isn't uncommon to see favourites in the -200 or higher odds range, which means you'd need to risk $20+ for every $10 in profit. This isn't going to work out for very long, as once you run into a cold streak, you'll be losing a lot of your bankroll on every game. When you bet the puckline the favourite team needs to win the game by -1.5 goals, but the odds become a lot more reasonable.
NHL betting odds are available on every online sportbooks basically, but the best odds are often found on sportbooks that cater to the Canadian and American handicappers. Over the past few years betting on hockey has been growing and a lot of it has to do with the fact that the NHL is easier to bet on then many of the other major sports.