Some treat betting on NHL as an off season investment – off season from NHL and college football, and even NBA and college basketball. But to the investor, they understand the opportunities NHL betting presents, and look at it as simply another investment vehicle to build their bankroll and portfolio.
In this post we’ll cover 6 common NHL betting strategies used by expert NHL handicappers and sharps to build their bankroll over the hockey season. And if you’re new to betting on the NHL or seeking approach sports betting as a bonafide investment strategy, I recommend you first read the NHL betting basics and handicapper tips for the background details, and reference sports betting terminology
Betting the underdogs may seem like the risky long shot play, but statistically you’ll find more sharp underdog bets than favorites since the NHL offers a somewhat level playing field. Remember the NHL salary caps? This contributes to evening the skill among the teams, offering the opportunity on a given hockey night that regardless how a team placed the previous season in their run for the playoffs and Stanley Cup, the following season its fair game.
2. Compare NHL Lines
The sportsbook lines provide the most significant difference in profitability and opportunity between winning and losing your nhl picks. Smart NHL bettors take the best lines from any given online sportsbook, taking the most favorable odds on their NHL picks. Sportsbooks can offer a significant difference between NHL odds, and shopping for the best line has statistically shown the difference between highly profitable bettors. When shopping for the best NHL odds, you may only find minor differences in the odds, but the investment strategy to betting on the NHL, as with most other sports, is incremental gains over time. Just like Warren Buffet, he seeks value and buying opportunities on Wall Street, and over time, has made him one of the wealthiest investors of all time. And unlike many sports bettors seeking a big profitable win fall betting on a single game, the sports investor, professional hockey handicappers and sharp bettors understand this betting strategy; incremental gains over time and patience.
This Weeks Free NHL Hockey Picks
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3. Bet like Poker, Not like Black Jack
In other words, don’t bet on every game like you do on black jack. Online sportsbook oddsmakers understand this psychology, and fairly accurate setting the NHL betting lines, which deters a lot of sharp betting. So like poker, apply your patience and shop around like a sharp bettor, or subscribe to reputable NHL handicapper with a good track record, and look for the sharpest bet and take that game as your pick. Don’t bet your favorite teams, or the big game of the night. Look for the sharp opportunities that will show up with different online sportsbooks. By applying this strategy will train you over time to quickly understand which NHL bets and expert picks give the highest potential ROI…and not necessarily profit.
Sportsbooks also are aware that most recreational and novice bettors tend to wager on the their favorites vs. the underdogs. Whether is an emotional attachment to the team or other reason, sharps and sportsbooks know that with the most recreational sports bettors don’t fully understand how the NHL odds work, and take the smaller payouts as a result of betting emotionally. This emotional tie to hockey influences the publics love for their team or the favorites, and online bookmakers will move the odds to account for this statistical proven fact.
Tip: Wagering on the underdog in NHL betting on every game (which you should not do), will statistically lose much less profit than if you wagered on the favorite, in every game. Remember, selectively choose your sharp NHL picks and NHL predictions, the underdogs and the best line.
4. Throw out the parlays
Yes, parlays are popular as the offer the chase of the big payoff for little risk. Sports action especially pushes this with NHL bettors as the understand the appeal it offers. But parlays in NHL betting is similar to a lottery….low investment with high risk for big payouts. Are you gambler…then go with this thrill…but if you’re a sports investor, you’ll soon see why you’ll avoid parlays in NHL wagering and why expert handicappers who run the numbers will avoid the parlays.
If you’re new to parlay bets, it simply offers you a variety of potential outcomes to bet on, and if all outcomes win, you win. The statistical risk with parlays increases significantly with each parlay bet. The more parlays, the lower probability you’ll win. If every single one of your selected NHL predictions win, then the parlay bet pays out. But if one prediction loses, then the entire parlay bet is lost.
NHL sports investors, sharp bettors and experience expert handicappers understand that over time wagering on single NHL games will lead to better profitability as aside from the statistical probabilities described above, it also provides the bettor an easier way to manage their bankroll and select sharper NHL bets to make more yield.
Researching the NHL game statistics is critical. Reputable expert NHL handicappers and sharps know this. They run the numbers and the weights of key statistics for specific games, along with researching the different NHL odds at the sportsbooks.
Weights and indicators handicappers may use include recent trends, recent performance, historical match ups, home or away trends and advantages, starting goalies, injuries and more.
Also when researching the NHL odds at different online sportsbooks (and avoid the blacklisted sportsbooks), get a feel why some online sportsbooks are setting their odds a certain way; for example public and consensus opinion and the advantages it offers for share bets.
6. Personal Trends & Bankroll
Always step outside the box to look at your performance over the short term and long term, and how you’re managing your bankroll. At times even the best sharps and NHL handicappers hit losing streaks, but the understand the fundamental NHL betting strategies above, and manage their losses. They’ll look at the bigger picture of performance over the season and time. Everyone hits bad streaks…and if so, take a break and give the bankroll time to breathe and review your approach and research. Ensure your fundamentals are in place, and/or how the handicappers you subscribe to are performing. An advantage to subscribing to a pool of expert handicappers is to see if there is a general expert trend and consensus on the games. While all their individual research may point to winning picks that turn out as losses, it may indicate a minor gap or trend has formed, and its bettor to wait to see their moving winning average turn around before getting back in. Note, if you understand investing in the markets and the MACD indicator, a similar statistical indicator can be applied to expert handicappers performance and even your own sports betting portfolio.
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