Make the Most of NHL Parlay Bets

Make the Most of NHL Parlay Bets

NHL betting is a different animal compared to other sports, but much like with NBA bets, there are numerous betting opportunities available due to the sheer volume of games. On any given night, there’s going to be well over 10-15 games for you to choose from. This might make you wonder, “is there a way for me to bet on all (or at least more than one) of these games?” The answer to this question is a resounding YES! These are what we call ‘parlay bets.’  

What is NHL Parlay Betting 

NHL parlay bets are when there are multiple picks or games chosen on a single betting card. Each bet is called a ‘leg,’ and the more ‘legs’ you win, the greater your payout. The catch is that for you to technically ‘win’ the bet, you will need to guess the result of each one of the games correctly. Meaning that if one game fails, the whole card does as well. 

For example, let’s say that there are five games that you have your sights set on for the day. You think the Islanders will win outright, the Leafs-Bruins game will hit the over, the Oilers will win against the spread, the Kraken will win outright, and the Panthers-Hurricanes game will hit the under. Using this example, if you were to bet $100 on each game individually, you would stand to win (roughly) $500. However, if you put all the games onto a single parlay, and they all win, then your payout would be more than $4000. 

The apparent risk versus reward factor certainly plays a role here, but if you navigate the waters carefully, parlay betting on NHL games is one of the best ways to make money from sports betting. Typically, NHL parlay bets can consist of point spreads, over/under, and moneyline bets, with the option to parlay multiple games featuring these different bet types. While a single bet on each market might increase your chances of winning, your payout will be much lower. Whereas if you were to use a different bet type for each leg of the parlay, your odds multiply (if you win). Something to consider as you go about your daily betting practices. 

How to Place an NHL Parlay Bet 

NHL betting, in particular, can become tricky with parlay bets since each hockey game is so unpredictable. With the game being so low scoring and each team being so close in terms of competitive advantage, parlay bets can be daunting for inexperienced sports bettors. Scoring in hockey is exceptionally volatile. On any given night, even the best team can get shut out, only to follow it up by dominating their opponent the very next game. So, it’s essential not to get obsessed with arbitrary statistics and instead, focus on gathering information that presents tangible value for betting. 

Parlay bets are so appealing with the NHL because you can typically generate a much larger payout, even if the play itself is much riskier. When it comes down to the NHL, there are three major lines on which you bet; the moneyline, point spread, and point total. However, the most effective way to increase your odds of winning an NHL parlay bet is to reduce the number of wagers in your parlay to 2 or 3. While it may be tempting just to unload as many picks as you think will hit for a bigger payout, there’s a good chance that this won’t work out too well in your favor. Underdogs have a 40% success rate in the NHL, so you’re going to have a higher probability of winning if you bet on more favorable odds. 

Conclusion 

The two most essential things to remember for NHL parlay bets are to research relevant statistics for each game, and most importantly, be honest with yourself. It can be easy to let your emotions or fandom take over, but you have to be as realistic and honest with yourself as possible if you want to profit off NHL parlay bets. By following the simple steps in this guide, you should become a savvy sports bettor in no time.

NHL betting is a different animal compared to other sports, but much like with NBA bets, there are numerous betting opportunities available due to the sheer volume of games. On any given night, there’s going to be well over 10-15 games for you to choose from. This might make you wonder, “is there a way…