How Hockey Betting Works? [Updated!]

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Hockey betting is a relatively new addition to the sports betting world which launched in Canada in August 2016 and is currently available to U.S. residents for legal betting purposes. Like other sports betting games, there is a mix of strategies and betting options available to make the game more fun for players. However, because of the unique nature of hockey betting, it is important to understand the strategy and logic used by the game’s developers to create an edge over other sports books.

The Evolution Of Sports Betting

In the early days of sports betting, there were simply two options available to fans: join a bookmaker and place bets on the events as they happen, or wait until the game has ended and place bets on the scoring fluctuations within the game. The second option was much more convenient for fans as they could place bets at almost any time and could also follow the action live as it happened, enabling them to keep their wagers active all the time. This option was made possible by the fact that odds were not set on a single winner for major sporting events at the time, leaving open the possibility of profit through either successful or failed wagers.

However, with the growth of the internet and social media, fans had access to more information than ever before and were no longer restricted to simply following the sports action as it happened. This is when the third option emerged: fans could now place wagers on the outcome of the game, rather than just the action itself.

Hockey Is Different

The evolution of sports betting was not restricted to simply expanding the events that fans could bet on; it also altered the betting itself. While traditional bookmakers settled for success or failure as the only possible outcomes for a game, the internet and social media enabled fans to develop a deeper understanding of the game and its dynamics. This led to the emergence of a new breed of fan: the analytical hockey fan.

Like other fanbases, the analytical hockey fan emerged in the 2000s and began to scrutinize every aspect of the game, looking for an edge. This tendency was helped along by the fact that winning, losing, and drawing are now established as possible outcomes of a hockey game. As a result, rather than simply backing a winner or a loser, an analytical fan will look at the lines and try to find a combination of games that they can profit from.

This is where the unique nature of hockey comes into play: because there are now three possible outcomes to a game (win, lose, or draw), there is now the possibility of profiting from a hockey game through a combination of strategies.

Strategies For Profiting From Hockey

The analytical hockey fan has benefited the game through the development of a variety of strategies for profiting from hockey. These strategies range from simple to rather complicated and are all based on the same basic premise: find a combination of games that you can profit from.

Futures Trading

One of the simplest strategies to make money from hockey is futures trading. This strategy allows fans to simply bet on the outcome of a future game using current odds. For example, if you think that the Detroit Red Wings will win the 2018 Stanley Cup, you can bet on them using futures trading and make a profit if your prediction is correct.

The appeal of futures trading is that it is easy to use and does not require much comprehension of the game outside of simply following the odds and winning or losing as they arise.

Over/Under Bettors

If you are an over/under (O/U) bettor, you will either choose to bet on the number of goals that a team will score or the total number of points that they will accumulate. This strategy is similar to futures trading in that it requires an understanding of the game’s current odds, but it also requires an understanding of how many goals or points a team is capable of scoring or accumulating. If you are new to O/U betting, it is important to note that there are two forms: totals and combination.

With totals betting, you will either choose to bet on the total number of goals or points that a team will score or accumulate. For example, if you think that the Calgary Flames will win the 2018 Stanley Cup, you can bet on them using total bets and make a profit if your prediction is correct.

Accumulator Strategies

Accumulator strategies for bettors looking for a more complex strategy require an understanding of how many goals or points a team is capable of scoring or accumulating. In other words, you will either choose to bet on the goals scored (1X) or total number of points (X+O) or (O/U) combination of both.

An example of an accumulator strategy would be to bet on the Dallas Stars +3 goals. This means that you are betting that the Dallas Stars will score at least three goals between them and you win the wager if their actual combined score is three goals or more.

Accumulator strategies can be a bit more involved than simply laying bets on the goals or points that a team will score or accumulate, but they can also offer fans a unique way to explore the possibilities of a game.

Martingale

Another strategy that analytical fans developed was the martingale. Like the accumulator strategy, the martingale strategy requires an understanding of how many goals or points a team is capable of scoring or accumulating, but it also requires an understanding of game theory.

Simply put, the martingale strategy is based on the premise that no matter what the initial bet is, you will always feel that you should bet bigger because the chances of losing increase as the bet rises. For example, if you bet $10 on the New York Rangers and they lose, you may feel that you should have bet $20 or $30 because you would then have a greater chance of winning.

The beauty of the martingale strategy is that it is relatively simple to understand and can be put into practice even by those without a formal education.

Where Do I Bet?

With all of these options available to fans, there is a wide variety of places that they can put their money. U.S. residents and legal bettors can wager on the Detroit Red Wings at https://www.bettingredwings.com or the Calgary Flames at https://www.bettingcalgaryflames.com, among others. Canada-based residents can wager on the Red Wings at https://www.nflbetting.ca and the Flames at https://www.hawksbet.ca.

This wide variety of options means that hockey betting can be as simple or complex as you want it to be. If you are a fan of the sport looking for an easy way to make money, you can choose to bet on the outcomes of games using simple strategies such as futures trading or over/under betting, or you can choose to become more sophisticated and develop an edge using analytical tools and strategies such as the martingale.

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