By Hubert Harrison
March 26th, 2021
BURLINGTON, ON
The world of NHL sports betting can be quite overwhelming for beginners. With the amount of betting strategies and lingo swirling around, it can be hard to keep up. Before you start looking into ice hockey betting tips and placing bets it’s important to get the basics down first. With money on the line, it’s important always important to bet smart
It is an exciting game with some incredible athletes.
Online sports betting has become a fantastic activity for many sports fans today. With a bet involved, fans get to have a more engaging experience for every match they follow. Compared to just watching the latest NHL news live broadcasts, sports betting is a lot more exciting. It gives bettors the adrenaline rush as they watch their team win or lose.
Important Safety Betting Tips For Beginners
Betting mistakes happen. Even to the most seasoned of sports bettors. However, making errors is inevitable, there are a couple of ways to reduce them. In the world of online sports betting, it’s important to take things slow when learning the ropes of the trade. You need to learn how to bet smart to lead a successful betting career. To help guide you on to the path of sports betting success, keep on reading.
Keep things simple and clear
If you think you’ll be winning big from the get-go, think again. Online betting takes time and experience to master. Just like playing the piano, it’s impossible to master a piece on your first try. You’re going to need to practice over and over again to nail it.
Take things step-by-step.
The very first thing rookies need to keep in mind is to keep things simple and clear. In other words, participate in bets that you fully understand. Know where you’re placing your bets and their results. By not over complicating things, you’ll be able to make smart betting decisions and avoid the risk of burning a hole in your pocket.
Have a budget
While a chance at winning big sounds a whole more exciting than just a couple of bucks, it is incredibly risky. Especially when you lack the experience. One of the most important tips you need to always keep in mind no matter what is to always stay within your budget.
You need to always spend within your means. To keep control of your finances, set a specific budget that you can afford to lose. As a beginner, you are bound to make a few more mistakes than the average punter. So, be prepared to lose a great sum of your budget.
Do not trust just any tipster
Cyber attacks are all over the internet. As a beginner, it’s important to thoroughly look through different betting sites before trusting them. Here are some tips on how to find the right trustworthy tipsters:
Client reviews
Looking through online reviews is the best way to get the best idea of a betting site’s services and client experience.
Payment methods
Have a look at the site’s payment methods. Check if they use popular payment platforms like Paypal or Apple Pay.
Terms and conditions
A tell-tale sign that a betting site is suspicious if they don’t have a terms and conditions page anywhere on their site. Make sure the site you’re about to trust has one.
Compare betting odds and lines
One of the best betting tips you need to take is always to compare betting odds and lines. Having good odds gives a big advantage in having a higher payout. On the other hand, having better betting lines will increase your chance of winning wagers.
Another way to increase your chances of winning is to have multiple accounts with different betting sites. By having several accounts in different betting platforms, you’ll be able to compare and find the best betting odds and lines right away.
NHL Betting Terms You Need To Know
After getting a good grasp on the important safety betting tips, it’s now time to know more about the type of sport you’ll be focusing on. NHL sports betting lingo can be rather confusing, especially when you’re just getting started. Here are a couple of important NHL sports betting lingo commonly used amongst bettors in the industry.
Pick the team you think can win and place a wager.
Moneyline
Pick a team to win the game. It’s the simplest way to wager on.
Puck Line
To win, your team must score by more than 1.5 goals and the opposing team needs to lose by no more than 1.5 goals.
Parlay
Parlay is the act of combining two or more bet types from the same or across multiple games. It’s a good move to increase your total number of odds. But it can also be a risk as all plays need to be accurate.
Favorite
Refers to the home team or the team with the better record of the season.
Underdog
Refers to the visiting team or the team with the weaker record of the season.
Teaser
The act of buying or selling goals on a puck line or in a total bet. This move gives bettors better odds or chances of winning with lower odds.
All kinds of teams to wager on.
Different Ways to Bet on the NHL
After a quick crash course of NHL lingo, the next thing you need to familiarize yourself with is the different types of bets in the NHL.
Live Betting
Betting while the game is in action. It’s the most action-packed way to bet on the NHL, you’ll be able to see lines adjusted in real-time.
Single-game Betting
This betting type is used when you’re only interested in betting on specific individuals broken down to a money line.
Prop Bets
Single-game bets based on players. Bettors can place bets whether a specific player scores or not, or even hit a certain record.
Futures Bet
Early bets are placed during the off-season or within the season by supporting a specific team to win a certain amount of games.
Experience is Gold
When it comes to online sports betting experience is the best teacher. It’s important to take risks and make mistakes. It’s how you learn how to do better the next time around. Understanding these basic terms and ways of how to place bets on the NHL will help give you a better grasp on where to get started. The best betting strategy is to take things one step at a time. Learn and grow with every win or loss you make.
