NHL betting lines are similar to baseball. The most common wager is on the moneyline, in which bettors are picking a team to win straight up.
In that example, a bettor must wager $140 on the favored Canadiens to win $100. A $100 bet on the underdog Rangers would return $120.
Like most sports, the over/under for combined goals by both teams is a popular bet. The sportsbook sets the total, for example 6.5 goals, and bettors can take over or under that number.
There is also a “puck line” bet, which works like the point spread in football or basketball. It is normally a 1.5-goal spread with the odds changing.
Canadiens -1.5 +130
Rangers +1.5 -150
In that example, the Canadiens must win by two or more goals to win a bet, but a $100 bet would return $130. If the Rangers win or lose by exactly one goal, Rangers bettors would win $100 on a $150 bet.
Bettors can make a wager on any team to win the Stanley Cup, and those odds are generally offered year-round.