Parlay bets are when you combine several different wagers together. This can normally combine many different types of bets like moneyline, totals, prop bets and more. In a parlay bet, every individual bet on the parlay must be successful in order for the entire parlay to be a winner. While this of course is more difficult than just one individual bet, the potential payout is also much larger as well. This is a great way to turn a smaller sized wager into a profitable payout.
For example, an NHL parlay bet can work like this:
On one ticket, you are placing three moneyline bets for three different games. These are the teams you have chosen to win their respective games and the odds that they will be the winner.
Boston to win: +150 (2.50)
Leafs to win: -150 (1.67)
Flames to win: -200 (1.50)
Utilizing the decimal odds makes it easier to calculate the parlay odds. Multiplying the decimal odds together, 2.50 x 1.67 x 1.50, leaves us with 6.26, which is +526 in American odds. That means if your entire parlay is successful, you will receive +526 on top of your initial bet. A $100 bet would return a total payout of $626 in this scenario.
Parlays can be a powerful and entertaining way to place sports wagers. Of course, when placing parlay wagers, it’s very important to know the latest NHL picks and parlays to make sure you have the expert’s opinions. Luckily the OddsChecker platform is dedicated to providing you excellent NHL picks against the spread and the best NHL odds available.
Point spread betting is a popular type of wager in team-based sports. With point spread bets, you are placing a wager on whether you think a team will win by a certain margin. The favorite team to win is given a point handicap like -1.5 and an underdog to win is given extra points like 1.5. At the end of the game, you subtract or add this extra margin from your chosen team’s final score. If they have more points after this, your team is the winner and your bet is successful.
Betting against the spread means you are picking the underdog in a given matchup to beat the spread. While sometimes the moneyline odds between two teams can be very close, spread betting provides a great opportunity to place a wager with favorable odds and still bet on your favorite team. When you pick an against the spread bet, normally this will return a good amount for your bet if successful. Luckily here at OddsChecker our professional handicappers continuously provide Expert NHL Picks to our fans so you always know if a particular spread bet has better chances than the odds show, meaning a value play for you.
The OddsChecker team is here to provide you with the best NHL predictions available anywhere, and as always this is completely free to you. We are here to be your edge against the market with all of the odds for the best sportsbooks, NHL expert picks, and sportsbooks reviews so you can find the perfect platform for your bets.
Our handicapper team, which includes Pete Truszkowski, is made up of some incredibly talented and passionate sports fans with decades of experience in the NHL betting markets. If you are looking for free NHL picks and parlays, there is truly no better place online than Oddschecker.
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