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NHL hockey betting lines are also known as money lines. Let's do an example so you can see how the NHL hockey betting odds work. Let’s say Boston is playing against Toronto. The NHL hockey betting lines, or money lines, are as follows: Boston is listed as – 180, which means Boston is the favorite. Toronto is listed as + 160, which makes them the underdog. If you want to place a bet on Boston at – 180, then you must wager $180 to win $100. If you want to place a bet on Toronto at + 160, then your $100 wager would yield a return of $160. There is no point spread involved. If your team wins by even just one goal, then you win your bet.

You can certainly see where the advantage would be to finding solid underdog plays, since you win more than you wager. In the example above, you’d win $160 for a $100 wager on Toronto. You’d have to wager $180 just to win $100 on Boston. The economics are pretty simple. It’s easy to see how making a habit of betting on huge favorites can come back to haunt you. You’d have to win two out of every three or maybe even three out of every four heavy-favorite bets just to show a tiny profit. This is why many NHL hockey betting experts wager on nothing but underdogs. By wagering on underdogs, you can actually lose more than half of your bets and still show a profit. Yes, it sounds strange, but it also happens to be the truth.

NHL hockey betting lines usually include a total for each game. For this example, let’s say there is a Total listed at 5. The total is the number of combined goals scored by both teams in the game. If you think the two teams will combine to score more than the posted total of 5, then you would wager “Over the Total”. If you think the two teams will combine to score less than the posted total of 5, then you would wager “Under the Total”. If the total score ends up being exactly 5, then the total is a “push” or “no action” and everyone who wagered on the total gets back their original wager amount. There is also a money line associated with the total line. For example, the Over might be – 130 and the Under might be + 110.

For this example, let’s say Boston won the game, 7 – 6. If you placed a $180 bet on Boston, you’d get $280 (your original $180 plus $100 profit). If you placed a $100 bet on Toronto, you’d lose that $100. If Toronto had won the game and you placed a $100 wager on them, you’d get $260 (your original $100 plus $160 profit because they were + 160). If Toronto had won the game and you placed a $180 wager on Boston (to win $100), you’d lose the $180.

The actual final score of the game was 7 - 6. That’s a total of 13 goals. The posted total line was 5. So, bettors who wagered on “Over the Total” won their bets since 13 is over, or higher than, 5. Bettors who wagered “Under the Total” lost their wagers.

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