As betting on the National Hockey League gains popularity, bookmakers have expanded their services to include NHL parlays for bettors. These parlays are multi-legged bets that offer an improved return with lower stakes.
During its initial years, NHL parlays used to be limited to selections from unrelated matches. However, most bookies today provide the option to place same game parlays or multiple selections from a single game. In this NHL parlays guide, we will explain the pros and cons of NHL parlays along with our expert tips to help you with your wagers.
The betting strategy of selecting multiple unrelated NHL outcomes and combining them as a single bet is known as NHL parlays. These outcomes can include scenarios like match winners, total goals, team goals, etc. The main types of hockey parlays are:
Puck line parlays: Puck line is a selection that wagers on the game's spread. E.g., you can wager on whether a team wins or loses by one goal or more. Puck line parlays include puck line selections for multiple games.
Moneyline parlays: This is the most common and straightforward betting market. You can directly wager on the winner of a match and combine multiple winners to form a moneyline parlay.
Over/Under parlays: The over/under market includes betting on team, player, or the overall match goals. This market is an excellent alternative if the moneyline markets are too close to call.
Single-game parlays: Combining the props from a single game to create a parlay is known as a single-game NHL parlay. Single-game parlays are a great option if you are highly confident about how a match will pan out.
Multi-game parlays: Combining selections from multiple games to form a parlay constitutes a multi-game parlay. These may include a variety of props from each game.
Fielding the best NHL parlay bets requires research and understanding of the fixtures on hand. So here are a few pros and cons of NHL parlays:
Substantially higher returns when compared to single NHL markets from lower stakes. The odds for NHL parlays are calculated by multiplying the odds of each selection in the parlay.
Exciting promotions and boosts for parlay bets on top bookies. E.g., the FanDuel parlay bets come with extra winnings and bonuses for same-game parlays.
Losing even a single selection in your parlay will result in losing the bet.
Tip: To avoid this, keep your parlay bets short. Some of the best NHL parlay bets have around 3-4 selections. Make sure that the selections are well researched and on matches and teams you follow. Avoid uninformed additions to your parlays and keep the odds to a minimum. Parlays with higher odds have a lower probability of converting.
Multi-game parlays spread over several days require a fair amount of approximation.
Tip: When the matches in your selection are spread over multiple days, there is a chance of teams and situations changing during the waiting period. Always try to place NHL parlays on matches closer to each other so that you get the latest information while staking. If you plan to wager on matches across the week, be prepared to cash out if something goes wrong ahead of an upcoming match.
Similar to UFC parlays, it is hard to follow a betting pattern for NHL parlays.
Tip: Be prepared to take losses, keep stakes low and understand the risks involved. Finding a plan that works for you might take a few tries, but even then, there is no guarantee of regular success. Leverage offers and promotions while placing NHL parlays to avoid losing your deposits.
When looking for a bookie for your NHL parlay wagers, ensure they provide all or most of the NHL markets you want to wager on. You should assess the legality and security of these sites to ensure that your funds are safe. Additionally, the payment methods and wagering limits should be considered before signing up and making a deposit.
You can also inspect the bookmaker's odds, loyalty programs, and offers before making your final decision. But, of course, these factors are only applicable if you regularly plan to stake on parlays. If you plan on casual parlay staking, most of the top-rated sportsbooks in the US should cover your requirements.
Some of the best NHL parlay bets result from constant research, selection skills, and good fortune. Just because you are on a hot streak doesn't mean you have cracked parlays.
That being said, betting enthusiasts can enjoy decent returns on NHL and other parlay betting markets. As a newbie, there are a lot of practical difficulties to overcome when it comes to NHL parlays. Understanding the betting market is just as important as analyzing the game when wagering on parlays.
The odds and returns for an NHL parlay can be calculated using a parlay calculator. You can read our guide on the pros and cons of NHL parlays to understand how you can select the best legs to ensure great odds on your NHL parlays.
Even the best NHL parlay bets come with their fair share of risks. Our expert analysis of NHL parlays should help you determine the risk aspects of such a parlay along with mitigation ideas.
NHL parlay promotions include stake back, boosted wins, and other exciting rewards. This article has covered the factors that go into selecting a sportsbook for your NHL wagers. You can read through to understand how to find the best sites that provide NHL parlay promotions.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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