Which leagues are the most important in hockey betting?

As mentioned above, this sport is not very well known and practiced in European culture, but if we move abroad, the story changes completely: especially in North America and Canada, this sport is one of the most popular and well-known in the whole country. Here are the most important ones that are useful for hockey betting.

Winter Olympics

Since the 1920s, hockey has been the culmination of the Winter Olympics, and while the best teams competing are made up of professional players from the NHL and other professional leagues, for many players who win gold medals, the Olympics remain the pinnacle of his or her career achievement.

World Championships

Unlike the Olympic Games, which are held every four years, the World Championship of Hockey is held annually and features 16 of the world's best national teams, including most of the sport's star players. Unlike the Olympic Games, which have both men's and women's tournaments, the World Championship is "men's only".

NHL

The National Hockey League (NHL) is the largest professional ice hockey competition/cup in the world. It takes place in North America and consists of 30 teams from Canada and the United States. The NHL is divided into two leagues known as conferences; the 16-team Eastern Conference and the 14-team Western Conference. The regular season runs from early October to mid-April. This is followed by a 16-team playoffs leading up to the Stanley Cup Final, the hockey equivalent of the World Series. You can learn more about data analytics and strategies for NHL betting by clicking here.

Winning odds in hockey betting

What are the odds of winning in hockey betting?

Regardless of the sport you choose to bet on or the specific market you choose for your bet, there is one fundamental law that transcends all sports and all markets and applies to all bets: odds always matter. Sports betting odds will always determine how much you win from a bet. This rule also applies to hockey.

On the vast majority of sports betting websites, the odds associated with a sporting event are displayed in one of three ways; in fractions, which is common in the United Kingdom and Ireland, in decimals, which are popular methods used in Europe and the southern hemisphere, and in the form of Moneyline, which is mostly common in North America.

In fact, the probabilities associated with a selected sporting event represent the likelihood that this outcome will occur. For example, if the United States is listed at 2.50 to win against Russia in the World Cup of Hockey, what does this actually mean in terms of odds? Betting odds represent the probability, often referred to as the "approximate probability," that a certain outcome will occur. Thus, if the US is listed as 2.5 to win the game against UA, these odds are a reflection of what the bookmakers believe are the odds of the US winning that game.

The range of winning odds

If in hockey betting you find a match between the best NHL team facing a team from the Italian cadet series, you can imagine that there are two completely different ranges of winning. The NHL team is likely to have a rating very close to 1; this means that if you bet €10 on this outcome, you won't make much profit if it turns out to be a winning one. You can learn more about withdrawing money from online casinos at this link. 

On the other hand, an Italian cadet series team will have a very high price because the probability that they will manage to beat the NHL professionals is very small; however, if they win, their profits can increase dramatically.