Now it’s no mystery at all that hockey betting is by far the easiest sport to bet on. It’s really simple and one of the best sports that helps predict winners. If a team is supposed to win a game, then eight out of ten times, that team will be victorious.
I have discussed the rules of betting on NHL games in a simple yet interesting manner to make sure the rookies don’t get confused, as there are many new terms to look forward to in this article.
Establish a Bankroll
Made a bankroll yet? No? A bankroll is an amount of money that might be lost after losing a bet, but it’s not the end of the world because it’s the sum of money you set aside just for this purpose. Try seeing this amount as an investment, and I would recommend you not to bet more than 5% of your bankroll on any single bet.
Check the Best Sports Books
Develop an interest in going through the sportsbooks to recognize the great odds and huge bonuses and to properly understand the key on how to bet on NHL games. Understanding the market of betting and what makes the professional bettors have the upper hand.
Try to be realistic as possible
Are you a rookie bettor? Keep in mind that you won’t win every bet, maybe not even 60% of the time, but look at it as a glass half full rather than being empty.
A professional handicapper will aim at winning 55-58% of the total bets and will make great profits off of it.
Understanding the Odds
Odds imply the percentage of time required to win that specific bet causing it to Break Even. The percentage of Break-Even is 54% on 110 odds, and for 66.7%, it’s 200 odds.
Consider it to be a good bet if, according to you, the probability of winning is higher than the Break-Even percentage.
Do Follow the Experts
A well-proven strategy is to follow the footsteps of proven winners, especially if you think you are not capable enough to handle your own handicapping.
Do not make a mistake by paying thousands of dollars for picks; this increases the Break-Even% required. Try to search for handicappers of good repute who charge less money for picks.
You Shouldn’t Bet On Every Game
As a bettor myself, it’s understandable that you would want to bet on every game that comes your way, but you should resist that temptation. Try to make smart, calculated bets on a game where you think you have an edge.
Try to study and find different reasons as to why you should not bet this time, but if you really have to, then go for smaller regular wagers.
No Chasing
It will be unavoidable sometimes as you might be prone to losing 5 or more bets in a row, and the biggest mistake you could make is trying to make it all back on the next match.
If your team is losing at an early stage, try resisting the urge to bet on them again during live betting when they’re at better odds.
Conclusion
I went through many articles and videos to understand how the world of hockey betting works, and it is the same as betting on any other known sports, but getting awareness of the winning tips and tricks is your first step towards success.
