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The following is the formula for calculating the profit for the fractional odds of 3/2 or +150 in American odds. What are the Different Types of NHL bets? The leading online sportsbooks offer 100+ NHL betting options in an individual hockey game. Commonly placed NHL bets include the following: NHL Moneyline This is the way most bettors wager on an NHL game. It is simply a prediction on which team will win the game. The sportsbook sets moneyline odds which determines the favorite and underdog. This is represented in the below example: Pittsburgh Penguins +125 at SBKNew York Rangers -135 at Bet365 In this example, the New York Rangers are the favorite.
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The positive odds are very easy to calculate. The odds represent how much you’ll win if you bet $100. In this example, we win $147. To calculate the payout for odds of +147, simply use the following formula: How to Read Decimal NHL Odds Decimal odds are the most common format used by European sportsbooks. As the name implies, they are decimal numbers and always positive. Below is the formula for calculating the return and profit for decimal odds of 2. 40. So…what’s the difference between profit and return? Profit is how much money you won by placing your wagerReturn is how much profit you made plus your original wager amount How to Read Fractional NHL Odds Used primarily in Ireland and the United Kingdom, fractions represent the profit you would receive for a successful bet.
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For example: Pittsburgh Penguins over 5½ +110 at SBKNew York Rangers under 5½ -133 at BetMGM If you place a $100 wager on over 5½ goals scored on the game, you will receive $110 in profit at SBK. Six goals must be scored for this ticket to cash. This is an ideal wager to make if you believe both teams will combine for at least six goals. A $133 wager must be placed to win $100 for under 5½ goals to be scored.
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