Thank you for reading The Game Day’s NHL picks this season.
For our latest Stanley Cup Playoffs predictions, please visit the following pages:
- Make futures wagers with our Stanley Cup 2024 predictions.
- Shoot for a big score with our NHL parlay picks.
- Wager on your favorite players with our NHL prop bets today.
The second round of the Stanley Cup Playoffs concludes tonight with Game 7 between the Edmonton Oilers and Vancouver Canucks.
Here is my best NHL bet for Monday, May 20.
All NHL lines are current as of 3 p.m. ET on Monday, May 20, and courtesy of bet365 Sportsbook.
NHL Best Bet Today
Canucks vs Oilers: Under 5.5 Goals (-105)
bet365 Sportsbook • WAGER: 1 Unit
There have been two Game 7s thus far in the 2024 NHL postseason, and both ended with the same 2-1 scoreline.
That follows a larger trend of lower-scoring NHL Game 7s, which have gone Under their total at a better than 60% clip since 2005.
Each of the last five NHL Game 7s has featured four or fewer goals and nine of the last 12 have gone Under this total dating back to the 2022 playoffs.
Scoring has trended down in this Canucks-Oilers series as it has progressed, with two of the last three games going Under this total.
With that in mind, I’m backing the Under in Game 7 as my NHL bet of the day.
Best NHL Betting Odds Today
How NHL Betting Works
NHL betting works just like wagering on any sport. You target the games and markets that are most enticing or the best value and place your wagers accordingly.
Each legal online U.S. sportsbook gives bettors odds for moneylines, puck lines, and totals for each NHL game from the regular season through the Stanley Cup Final.
Hockey betting is one of the most difficult sports to predict on a night-in, night-out basis, but there’s a method to it.
Best NHL Betting Sites
DraftKings
DraftKings Sportsbook is an official sports-betting partner of the NHL, which makes it one of the best options for betting on hockey. NHL fans can put down their money on all sorts of props, same-game parlays, and, of course, moneylines/spreads/totals for every game every night.
DraftKings also enables easy live betting for those fans who enjoy putting their money on any team to rally.
Caesars
Caesars is an elite option for hockey betting, especially for moneylines, spreads, and totals. Caesars gives users significantly more favorable odds and numbers than some of its competition, including favorable futures odds for awards and championship betting.
Plus, every wager with Caesars gives bettors Caesars Rewards, the sportsbook’s VIP rewards program. Players can use those rewards for things like meals and hotel credits at Caesars properties.
BetMGM
BetMGM is one of my favorite sports betting sites, especially for hockey, due to its extremely user-friendly interface and easy-to-find NHL page.
Plus, BetMGM also has a terrific rewards program where bettors can get points that can be redeemed for bet credits, and hotel stays at MGM’s properties nationwide.
bet365
The No. 1 sports betting option globally, bet365 is a superb option for hockey betting due to its wide availability in Canada. It has an exceptional interface and offers great odds that are often worth taking advantage of.
Plus, with bet365, players can get an Early Win payout for every NHL team. If you place a moneyline bet, and your team builds a three-goal lead, bet365 will grade your bet as a win no matter how the game ends.
FanDuel
FanDuel is the No. 1 sportsbook in America and is constantly innovating to make gaming more fun and lucrative. FanDuel gives users uniquely favorable odds — think -102 instead of -105 — and has a surplus of futures markets for players who prefer to place those wagers.
Plus, FanDuel opened the practice of same-game parlay betting when it rolled out the feature in 2018 and offers a robust number of NHL player props for every game each day.
How to Pick the Best NHL Betting Sites
Odds
The best odds produce the best payouts. Sometimes it’s as simple as that.
The odds range for moneylines can vary drastically depending on game-type factors like each team’s matchup. The spread and total odds do not usually swing too dramatically but can have a stark enough difference from sportsbook to sportsbook.
Make sure to have money in multiple accounts so you can odds shop and get the best payout.
Betting Numbers
Maybe one site has the over/under listed at 7 while one has it at 6.5. Or maybe another site has it at 6 vs 6.5. Pushes are OK, but I’ll always take the more favorable number for the market I like.
Maybe one site has the puck-line spread at -1.5, and another has it at -2.5. Pick the one you find more tolerable, depending on the matchup and odds. Winning is better than getting super-risky, especially in hockey, where things seem random.
Interface
This is especially important when placing live bets. Can you log in quickly enough and find the betting market you’re interested in wagering in time before the odds change?
Odds will vary from day to day and hour to hour, especially when injury or goalie news comes out in the middle of the day. Certain sites are more conducive to fast betting than others, and those are worth your time.
Welcome Bonuses
Obviously, we want to play with money that isn’t ours before needing to part with our own hard-earned cash. The best welcome bonuses lengthen a bettor’s ability to play.
Be sure to take advantage of all the best sportsbook bonuses since these sites don’t just give their money away. But take advantage of the best ones first before moving on to the less-good ones.
NHL Betting Promotions
Boosts
Most every sportsbook will give users odds boosts on outcomes that are likely to happen, and they do in hockey too. Many of the sportsbooks listed above will curate a boosted NHL parlays each night or empower gamblers to create their own odds-boosted pick.
Some sites will also boost the odds of cross-sport parlays, especially regionally specific ones or ones that may be of interest to the public.
Stay up to date on all the latest offers with our best sportsbook promotions.
Best NHL Bets
Moneylines
Moneylines are simply which team will win. Odds will vary based on the likelihood of each team to win. favorites will have minus-money, and underdogs will usually have plus-money.
Moneyline odds will fluctuate based on goaltending matchups — backups are less likely to win than starters — and any potential lineup factors along with which team is home and visiting. Some teams are better away from home, and some are better away from home.
Spreads
Spreads, also referred to as the puck line, are another popular way to wager on hockey. Most games are decided by one goal, but every night there are multi-goal games or underdogs that lose by just a goal, which is where the puck line becomes a favorable bet.
If you believe a favorite is drastically better than the underdog, wager on it to cover -1.5. If you like an underdog’s matchup but aren’t sure it can win, take it to cover +1.5 at the corresponding odds.
In a puck-line bet, a favorite usually needs to win by two or more. The underdog usually needs to win or only lose by a goal.
Totals
Totals, also known as the over/under, is a good way to wager when you feel strongly about each team’s offense or defense but aren’t sure which side will win. Over/unders are usually between 5.5 and 7 since most NHL games have between 5 and 7 goals.
If the game features two great goalies and solid defenses, bet the under, especially in the playoffs, where the play gets tighter. If the goaltenders are less good, or the defenses are porous, take the over.
NHL Betting Strategy
I always recommend players do their homework instead of placing bets off the cuff. Maybe one team looks good on paper but is propped up my a smoldering-hot goalie. Maybe one team is elite on the road but so-so at home.
Dig into advanced metrics and seek out trends. But remember, trends are only trends until they regress, so be sure to sniff out regression candidates ahead of time.
Also, I do not and will not ever recommend a wager -150 or shorter ($0.67 per dollar wagered) except as a parlay leg because the payout isn’t worth the stake you’re wagering.
But if you’re parlay betting, be sure to tease legs — like betting the over/under to 5.5 or 7.5 if it is listed at 6.5 — to make the legs more likely to hit.
Finally, you can take as much advice as you want, but the best bets are the ones we love. If you do your homework and follow your gut, you’re more likely to be successful.
Benefits of NHL Betting Online
Betting on hockey online is fun and much more convenient than visiting your local sportsbook. Apps enable users to peruse the betting options without intimidation or angst. Since every North American online sportsbook offers hockey odds, you can shop around for the best odds and markets that will ensure the largest payout for your winning bet.
Plus, online sportsbooks gives new users great welcome bonuses, which will lengthen their ability to place hockey bets. Brick-and-mortar sportsbooks don’t give users a deposit match bonus, second-chance bets, or bet-and-gets, which makes online betting a better bang for your buck.
How to Place an NHL Bet Online
To place an NHL bet online, please follow these steps:
- Register at your preferred sportsbook or log into your sportsbook account
- Deposit funds into your account
- Consult any promotions or odds boosts
- Use any welcome bonus funds or opt-in to take advantage of any promotions like second-chance bets or bet-and-gets
- Click the NHL tab on each sportsbook and tap the game you are interested in wagering on.
- Consult the odds, then research trends to determine if they are good or bad bets to place
- Choose your wager
- Place your wager and root for it to hit
Where Can I Legally Place NHL Bets Online?
- Arizona
- Colorado
- Connecticut
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- New Hampshire
- New Jersey
- New York
- Nevada
- North Carolina
- Ohio
- Oregon
- Pennsylvania
- Rhode Island
- Tennessee
- Virginia
- Washington D.C.
- West Virginia
- Wyoming
Choose More Than One NHL Betting Site
Each legal sportsbook offers competing odds and unique boosts, so having funds on multiple sites and shopping for the best odds on the hockey bets you wish to make is the best way to ensure you’ll get the best bang for your buck.
If you live in a legal betting state, there are many options to choose from, and as stated above, you’ll want to take advantage of those lucrative new-player bonuses that give you the sportsbook’s best offer. Obviously, don’t stay in if the sportsbook doesn’t fit your playing style, but I’d recommend trying multiple books before settling on a preferred one.
