Canada has a big presence in the NHL and, as you might expect, NHL betting is very popular. If you have watched an NHL game in the past, you will no doubt be familiar with the high octane action. Anyway, in this guide, we will tell you everything you need to know about NHL odds and NHL betting tips.
We will show you the best NHL betting sites to play at in Canada to give you the confidence to pick the perfect operator.
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The Best NHL Betting Sites Ranked
Let’s kick things off by looking at the best NHL betting sportsbooks in the industry. Our team was in unanimous agreement as to who should feature, so check out our verdict below.
- Powbet – Top site for NHL betting in Canada and has weekly challenges
- BetVictor – Accepts All Canadian Provinces
- Bodog – Superb NHL betting operator with competitive odds
- Leon Bet – One of the best NHL betting sites for live streaming
- N1 Bet – Crypto-friendly NHL betting sportsbook
- Betstorm – Good NHL betting for real money sportsbook
- Tebwin – Reliable site for NHL futures
- Cazimbo – Renowned for NHL betting and playing casino games
- Betvictor – Trusted site for mobile betting
- Sports Interaction – Has one of the best ice hockey betting apps
- Tonybet – Great NHL sportsbook for novices
Best NHL Betting Sportsbooks Reviewed
It’s time to get to grips with the top sportsbooks for NHL betting and explain what makes them stand out. These sites are also among the best hockey betting sites in Canada.
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Powbet – Top site for NHL betting in Canada and has weekly challenges
Arguably one of the best sportsbooks in Canada, Powbet has its finger on the pulse when it comes to NHL betting. It is also one of the most in-depth as you will find tons of markets throughout the year for any NHL game, whether it be the regular season, playoffs, or even the Stanley Cup Finals. You can access all the pre-game and in-play markets via your desktop or smartphone.
Perhaps one of the most impressive selling points of the site is the tournament area and weekly challenges. If you can scale the heights of the leaderboard and collect enough points, then you can win your share of the cash prize. Tournaments are free to access, but be aware that different T&Cs may apply for varying promotions.
On the bonus side, if you join Powbet today, then you can get a 100% matched deposit worth up to $150. You don’t need a promo code but you will need to meet the wagering requirements on a bet with minimum odds of 1.5.
Pros:
- Weekly challenges and tournaments
- Tons of NHL markets for regular season and Stanley Cup games
- Accepts CAD and cryptocurrencies
- Live betting available
Cons:
- No live stream available
2. Bodog – Superb NHL betting operator with competitive odds
Bodog arrives in second place on our list and it has quickly developed a reputation for being a go-to option for NHL betting. Whatever NHL betting picks or NHL betting lines you are after, you will be sure to find them here. The site is rather minimalist in terms of design, but it is well optimized.
The odds displayed are pretty competitive and this sportsbook likes to display them early, so whatever NHL teams you wish to follow, you will be able to organize your bets accordingly. On that note, you will be able to enjoy many different types of bets at Bodog, including prop bets, the point spread and the moneyline.
Upon signing for Bodog, this NHL betting sportsbook will allow you to claim a 100% match bonus worth up to $400. This is one of the most generous welcome bonus players we have come across and you don’t need a promo code to activate it. However, the offer is subject to wagering requirements with minimum odds of 1.01. For information, make sure you don’t miss our Bodog review.
Pros:
- Prop bets available
- Great odds for NHL
- Welcome bonus worth up to $400
- Site is well designed
Cons:
- Relatively small CAD maximum payment limits
3. Leon Bet – One of the best NHL betting sites for live streaming
In terms of NHL betting apps, Leon bet ranks very highly as it is suitable for Android devices. So, if you prefer to enjoy NHL betting on the move, Leon Bet should be considered as it is responsive and makes wagering seamless as one of the best new Canadian sportsbooks.
However, Leon Bet allows you to stream matches for free in high definition and there is a vast range of NHL betting lines for you to wager on. When it comes to NHL betting in Canada, Leon Bet is quickly earning a reputation for being a good all- rounder. Well, this is certainly the case when it comes to bet builders and adding a parlay to your slip.
You will also get odds boosts, which is great for the NHL playoffs and so you can scoop bigger wins with longer prices.
If you join Leon Bet in Canada today, claim a risk-free bet worth up to $200. To activate this offer, you will first need to place a deposit and enter promo code CA200 or another promo code if you intend to wager less than $200. If your bet loses, the sportsbook will provide you with a free bet that you would need to wager once on bets with minimum odds of 1.8.
Pros:
- Live streaming available
- Perfect operator for mobile betting
- Has a big in-play betting platform
- Can get a risk-free bet up to $200
Cons:
- Bonus expiry period is relatively short
4. N1 Bet – Crypto-friendly NHL betting sportsbook
If you are seeking crypto-friendly NHL betting sportsbooks, then you will have come to the right place. The site supports payments in six major coins and tokens, including Bitcoin, Ethereum, and Dogecoin, with minimum deposits of around $30. No fees apply to crypto payments, and withdrawals are usually processed within an hour.
And just like Leon Bet, N1 Bet has a superb live streaming platform, so if you are on the move, then you can watch your favorite teams by using the NHL betting app and you can download the Android or iOS apps. They have a wide range of sports on offer and are considered one of the top football betting sites in Canada.
Oh, and the welcome bonus for Leon Bet is quite tasty too. You can claim a four-part welcome package worth up to $970. In addition, you can collect additional bonuses by completing special tasks. The first deposit bonus consists of a no-risk bet worth up to $300. This offer does not require any promo code but does come with a wagering requirement on eligible bets with odds of 1.01 or higher.
Pros:
- Live streaming platform
- Supports multiple cryptocurrencies for deposits
- Android and iOS apps
- 24/7 customer support
Cons:
- Welcome bonus smaller compared to other sites
5. Betstorm – Good NHL betting for real money sportsbook
Betstorm is one of the newest NHL betting sites around, as it only launched last year. However, it has quickly earned the respect and trust of bettors and it holds multiple licenses, including from the UK Gambling Commission and the Malta Gaming Authority.
One of the selling points of Betstorm, is that it has a cash out function. This is rather handy if a Stanley Cup match is unfolding and you wish to retrieve winnings early before the game is over.
Although there is no live streaming service to speak of, the live betting element of Betstorm will make you sit up and take notice, as you will generally find extensive in-play NHL betting opportunities. You will also be able to find the latest NHL predictions here.
Oh, and if you like a free bet, Betstorm delivers. The welcome offer at Betstorm is a Get a 10% free bet with your first $10 bet. There is no promo code, but you will need to fulfill the wagering requirements at 10x with minimum odds of 1.50 before your bonus funds can be converted into real money.
Pros:
- Cash Out function available
- Holds multiple licenses
- Accepts payments in CAD and crypto
- Offers iOS and Android apps
Cons:
- Wagering requirements for welcome bonus higher than other sites
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So, how do we decide which sites are the best for NHL betting in Canada? Well, we have judged the sportsbooks on this page by the following criteria.
Range of Betting Markets
The sportsbooks that will hold sway will have an impressive range of betting markets. This is the case at Powbet for NHL betting, as they are renowned for prop bets.
Quality of Betting
Bettors want to use their sites that refreshes odds quickly, especially in real time. You will therefore be happy with Leon bet as they are on the ball with advertising the latest pre-match prices for games as well as those that are in play.
Usability on desktop and mobile
Operators need to have NHL betting products that perform well on desktop and mobile. Sites, such as Bodog are minimalist, but they are responsive on desktop and mobile devices.
Live Streaming Options
Live streaming makes any sportsbook let alone NHL betting sites attractive. Leon Bet and N1 Bet deliver here as fans can stream games in high definition.
Betting Odds
NHL betting odds should always be competitive, but fair, to give bettors a chance to win. Here, Bodog ranks well for its rigorous odds.
Bonuses & Promotions
Bonuses are a window into any renowned NHL betting operator. Bodog passes the test here with its 100% matched deposit offer up to $400.
Safety
We work exclusively with legal and regulated NHL betting in Canada sites. You should always look for operators that are fully licensed, and Betstorm is well regarded as it holds multiple licenses.
What is NHL Betting?
Betting on this sport is similar to placing a wager on football. All you need is a reliable hockey betting site and a hunch about the outcome of a game.
So, once you have found the NHL betting sites you wish to play at, you will be able to line up your bets accordingly and you can do so with access to some of the best odds around.
Aside from betting on the pre-match markets, you will also be able to enjoy in-play betting and see how your wager performs in real time.
How Are NHL Betting Odds Calculated?
Understanding NHL betting odds is essential to succeeding at NHL betting. Odds explain how much you have to risk on a bet to get a specific reward if you win. So, they’re a measure of how much a bet pays off. Typically, you’ll stand to receive a bigger payout if the outcome you’re betting on is more unlikely to happen.
Odds can be presented in several different ways. Let’s take a closer look at the 3 most common types of odds formats you’ll see at online sportsbooks.
Fractional Odds
Fractional odds are designed to show how much you will win for every $1 you bet. For example, odds of 20/1 mean that if you win your bet, you’ll receive $20 for every $1 you wager – plus you’ll receive your original bet back. If you bet $5 on odds of 8/5 for Edmonton Oilers to beat the Toronto Maple Leafs, you’ll receive $13 – that includes $8 for winning and a refund of your original $5 bet.
Decimal Odds
Most sites for sports betting in Canada use decimal odds because they’re easy to understand. They simply display the amount you’ll win, in dollars, for every $1 you bet – including your original wager. So, odds of 3.4 mean that if you bet $10, you’ll receive $34 (3.4 x $10).
American Odds
American odds are perhaps the most complex odds format. That’s because how to read them depends on whether you’re betting on the favored outcome or the underdog outcome.
The favored outcome is represented by a – sign. In this case, the number indicates the amount you need to bet to win $100. So, odds of -400 mean that you must bet $400 to win $100, plus get your original $400 wager back (a total payout of $500). If you lose, you’ll lose $400.
The underdog outcome is represented by a + sign. In this case, the number indicates the amount you’ll win if you wager $100. So, odds of +400 mean that if you bet $100, you will win $400 and get your original $100 wager back (a total payout of $500). If you lose, you’ll only lose $100.
Most Popular Markets for NHL Betting
NHL betting operators are packed with different markets. Here are some of the most common ones you can expect to find playing at hockey betting sites.
Moneyline
The moneyline bet is the most popular type of market and it is a great starting point for NHL bettors. All you have to do to win this bet, is correctly predict which team will win. It is one of the simplest types of bets available, but the odds can vary especially if the favorites have a very short price.
Puck Line
A puck line bet is a form of the point spread. This will be fixed at +/- 1.5 goals. With this bet, the outright winner is irrelevant, because to win the bet, the team you are backing must win by a margin of at least 2 goals.
Total Number of Goals
Also known as an over/under bet, this market requires you to correctly predict which threshold the total number of goals scored would fall. So, if it was set at 5.5 and you’ve bet on under 5.5 goals, then your bet would be returned as a winner.
Futures
NHL futures aren’t dependent on the single result of a match. Instead, they are more long term in nature, so you may have to bet on who will win the Stanley Cup this year.
Parlay
This isn’t one specific type of NHL betting market. Rather, you can combine multiple wagers into a single bet. So, if you think a team will win a match by a difference of 2 goals or more, for example, you could decide to parlay a money line, period, and puck line together, for a chance to win a significantly better payout.
Period
This resembles the moneyline, but the major difference is that it focuses entirely on one of the three hockey periods. This means that you need to select the winner at the end of a specific period.
Biggest NHL events to bet on?
There are several major competitions happening in the NHL each year as well as outside of it. The regular NHL season, for example, is a bit of a marathon as it typically runs from October until June. Each side will play 82 games per season.
In the US, the NHL playoffs are better known as the Stanley Cup playoffs and they are contested between May and June. The Finals are a best-of-seven-games series and you can get some excellent Stanley Cup odds from NHL betting sportsbooks and many NHL betting apps will have in-game highlights.
In terms of international events, the Olympics is one of the most prestigious competitions as they are held once every four years. Canada has a good record at the Olympics and it is the pinnacle of the career for most athletes.
NHL Prop Betting
NHL props are more focused on performances and these can be split into team and player props.
Player Props
Proposition bets are sometimes thought of as side bets, since you’re not betting directly on the ultimate winner of the game. Instead, player props allow you to bet on player-specific outcomes, such as the first player to score.
Team Props
Similar to player props, team props are side bets relating to the entire team. You can sometimes find a promo for NHL prop bets on our featured hockey betting sportsbooks, such as the first team to carry out a foul.
Live Streaming at NHL Sportsbooks
Live streaming is a game-changer for NHL betting in Canada, especially now that single-game betting is legal. With live streaming, you can watch the games as they unfold and that means you won’t miss a single moment of the game even if it goes into Overtime.
N1 Bet and Leon Bet both have reliable NHL betting apps complete with live streaming so players can watch matches in stunning high definition. You will be able to catch the live stream if you have a registered account.
NHL Betting Sites with Cash Out
You may have heard of the term cash out but never used it. Cash out is among the growing NHL betting trends where you take the offer of ending your bet based on the situation at that exact moment while your game or event is taking place.
Cash out sportsbooks will create an offer for you to end your bet, this may give you a profit or a loss depending on the situation, and you can take this if you want. And the leading NHL betting in Canada sites sportsbooks also offers cash out through their NHL betting apps.
Get it right, and you can cash out and be paid a profit on a bet that loses. Get it wrong, and you will take a lower amount from your sportsbooks while watching the bet go on to win, missing out on the original total amount.
One of the benefits of cash out, is that you can secure a profit on your bet regardless of what happens in the future. Even if the cash out is small, you can still feed it back into your account to use on your next wager.
Betstorm facilitates cash out, however, not all sites will allow you to cash out when the in-play betting markets are in full swing. Make sure you check the T&Cs of a sportsbook before proceeding.
Best NHL Mobile Betting Apps
The best NHL betting apps will be those that are slick and replicate all the same features of the desktop. They will be perfectly optimized for mobile and you will be able to make a bet in just a few simple taps.
Leon Bet has a great mobile app for Android and iOS devices and having a live streaming service means it is one of the most respected NHL betting sportsbooks around.
When looking at which NHL betting app to download, makes sure you look out for special features, such as push notifications. At operators such as Powbet, you can use these to pinpoint a particular promo or be informed of status updates concerning matches you have bet on.
NHL Betting Strategies
If you are looking for some concrete strategies for NHL betting, then you should look at these for inspiration:
- Fade the Public – NHL public betting is good if you want to implement something straight away. You can check the consensus, but with NHL public betting, it’s far to say that the public can be suckered into a bet, so perhaps you should stick to your hunch when wagering on a game.
- Check the Underdog Moneylines – While the Moneyline odds for the favorite will generally be quite short, it can pay to back the underdog, as if you are successful, you could win a big sum of cash.
- Be aware of travel schedules – The NHL, as we have seen, can be a physical grind, so it’s best to stay on top of each teams’ schedules to know which franchise has the longest away trip or will be on the road for a mini stretch. The teams that are usually well rested will perform better.
NHL Betting Tips
Before you place your next wager, we suggest you look at the following tips as they will stand you in good stead when it comes to ice hockey betting:
- Take advantage of offers and bonuses – Before you look at the NHL betting predictions, have a look at any available promotions, such as risk-free bets. Taking advantage of these rewards can allow you to wager with a bigger bankroll or lower risk.
- Deviate from the moneylines – Don’t limit yourself to moneyline bets. The payout is usually quite small, so try other lines, such as prop bets or the total goals over/under section.
- Compare odds at ice hockey betting sites – The best NHL betting sites will be vying for your attention. However, take the time to conduct proper research and shop around for the most competitive odds before committing to an operator.
- Try in-play NHL betting – Just like more quirky wagers, new players tend to steer clear of live betting. However, this limits the choice of markets and the opportunities to put the time you’ve spent researching to good use.
- Take time out to learn – Whilst no game outcome can be guaranteed, you could improve your overall hockey betting performance if you take the time to research your teams. Just a few minutes of reading through analysis and commentary can help you. Also, keep a record of how your wagers perform and make tweaks where needed.
Conclusion
Canada has an abundance of sportsbooks tailored to those who want to carry out NHL betting and each one offers something slightly different, whether it be live streaming or has unique features, such as cash out and odds boosts.
However, if you want to sign up to a top NHL betting site, then we suggest you sign up to Powbet. By joining up today, you can claim a 100% matched deposit bonus worth up to $150. You won’t need a promo code to claim the offer.
FAQs
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Charles Perrin
Charles Perrin
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