NHL Betting Sites– Comparing The Best NHL Sportsbooks in Canada

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NHL hockey betting in Canada is a way for fans around the country to engage with their favourite teams and athletes. With the recent legalization of single-event sports betting, Canadians can legally place single-game bets on NHL games, including the Stanley Cup Finals, for the first time.

As new sportsbooks come to Canada, residents will have access to some of the best betting sites in the world. Until then, Canadians that are interested in betting on NHL games can register for an account and claim up to $2,100 in welcome bonus cash.

Scroll down to learn more about the best sites for NHL betting in Canada. 

In This Guide

Best NHL Betting Sites in Canada

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Once opposed to sports betting, NHL commissioner Gary Bettman has become an advocate for sports betting in Canada and the United States. Since then, the NHL has launched a franchise in Las Vegas and embraced sports betting partnerships with industry-leading sportsbooks. To help hockey fans light the lamp when betting online, we ranked and reviewed the top NHL betting sites.

Below, we’ll break down some of the best NHL betting sites in Canada and let fans know what to expect when betting on the NHL. 

The Top 10 NHL Betting Sites In Canada

Want to cash in on the best NHL puck lines and start winning real money online?

Scroll down for a quick summary of the top 10 NHL betting sites Canada has to offer.

  1. Bodog – The Best NHL Betting Site In Canada For Custom Props Bets
  2. PowBet – The Best NHL Betting Site In Canada For Cryptocurrency Betting
  3. Sports Interaction – Canadian Sportsbook With Good NHL Stanley Cup Betting Odds
  4. FezBet – Competitive NHL Betting Lines And A Long List Of Bonuses

Ranking The Top Sites For NHL Betting In Canada

The Safe and Regulated Sports Betting Act gives Canadians access to the best NHL betting lines, along with NHL betting odds for game props, player props, and futures bets. While every province has its own gambling laws, Ontario is leading a way towards an open and regulated market that would help bring some of the biggest sportsbooks to Canada, including DraftKings, FanDuel, and Caesars. With new gambling sites expected to come to Canada before the end of 2023, we’ll rank and review some of the sportsbooks that are already accepting bets from Canadians.

Check out our list of the best sites for NHL betting in Canada below.

1. Bodog – The Best NHL Betting Site In Canada For Custom Props Bets

NHL betting sites in Canada offer free spins and bonus cash

Bodog has been serving Canadian customers for over 25 years, so it should come as no surprise that it has established itself as one of the best NHL bookmakers. New members can sign up to Bodog to take advantage of a 100 percent deposit bonus worth up to $400, plus 50 free spins. 

When it comes to sports betting, NHL fans come to Bodog to cash in on some of the best odds and props betting options in the industry. Bodog has a no-fills, easy-to-use design that makes it easy to navigate through a long list of NHL betting markets. Bodog also offers must-have features that separate it from other top sportsbooks, including PropsBuilder and #NameYourPlay, which lets members request odds for custom betting markets. 

Bodog Sportsbook Review –
The Best NHL Betting Site In Canada For Custom Props Bets

Pros

Cons

✅ Great NHL betting odds for game lines, props, and futures markets  ❌ In-play betting experience is not as smooth as top competitors
✅ Trusted NHL betting site with great features and modern design ❌ No mobile app 
✅ Welcome bonus of up to $400 plus 50 free spins
✅ Make custom bets with #NameYourPlay and Props Builder options
✅ Safe payment options, including cryptocurrency

Welcome Bonus Offer:

Bodog offers new sports bettors a 100 percent deposit bonus of up to $400, plus 50 free spins.

To sign up to Bodog and claim your bonus offer, click below.

2.  PowBet – The Best NHL Betting Site In Canada For Cyptocurrency Betting

NHL Betting Sites In Canada Like PowBet Offer Excellent Welcome Bonus Offers

PowBet is another new sportsbook that has made a name for itself by delivering consistent value to Canadian sports fans. PowBet offers excellent NHL betting lines, a wide range of bonuses, and weekly account challenges that make it more fun to bet online.

 At PowBet, new members can sign up and boost their bankroll with a welcome bonus offer worth $150. PowBet also offers some of the best NHL betting bonuses in Canada, including  reload bonuses, cashback offers, and a chance at a sports betting jackpot worth over $20,000. Unlike most sports betting sites, PowBet accepts several cryptocurrency payment options, including Bitcoin, Ethereum, Litecoin, and Ripple, making it one of the best NHL sportsbooks for cryptocurrency betting.

PowBet Sportsbook Review –
The Best NHL Betting Site For Cryptocurrency Betting 

Pros

Cons

✅ Competitive odds and a wide variety of sports to bet on  ❌ No live streaming options for sports
✅ Great for sports bettors of all skill levels ❌ In-play betting experience isn’t up to par with other top sportsbooks
✅ Fun new betting formats, including tournaments and weekly challenges
✅ Simple and safe payment options, including e-transfer and cryptocurrency

Welcome Bonus Offer:

PowBet currently offers new users at its sportsbook a 100 percent deposit bonus of up to $150.

To sign up for Powbet and cash-in on this special bonus offer, click below.

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Comparing The Best NHL Betting Sites In Canada

When it comes to betting on the NHL, some online sportsbooks have special features that help them stand out from the pack. The best NHL betting sites in Canada offer excellent NHL betting lines, lucrative promotions, and exclusive features that make it easier to win real money online. Hockey fans can benefit from BetBuilder, in-play betting, and Cash Out options or take advantage of odds boosts, accumulator bonuses, and more. 

Below, we’ll compare the different features available at the best sites for NHL betting in Canada.

Comparing Features At The Best Sites For NHL Betting In Canada
Bet Builder Cash Out In-Play Betting Parlay Bonus Odds Boosts Custom Bets Welcome Bonus User-Friendly Design
Bodog
FezBet
PowBet
Sports Interaction

How To Choose The Best Sites For NHL Betting In Canada

As new online casinos continue to come to Canada, choosing the right betting site can be hard, especially for Canadians that are new to betting online. 

While some Canadians might opt for the sportsbook with the best NHL betting lines, others might want to sign up for a betting site that offers a big welcome bonus and other special NHL betting promotions.

When it comes to betting online, most Canadians tend to stick with the brands that they can trust. The best NHL bookmakers have developed a reputation for putting players first and deliver excellent customer service options to resolve any outstanding issues. They also offer several other important features, including air-tight security, safe payment options, and more.

For a quick breakdown of what to look for in the best sites for NHL betting in Canada, check out the table below. 

What To Look For In The Best Sites For NHL Betting In Canada

Brand Recognition ✅ Trustworthy

✅ Reliable

Payment Process ✅ Safe Payment Options

✅ Fast, Secure Payouts

Safety & Security ✅ Safety & Security

✅ Protecting Privacy & Personal Information

Speed & Design ✅ Fast Software

✅ User-Friendly Design

Customer Service ✅ 24/7 Live Chat

✅ Convenient Customer Service Options

Overall Value ✅ Best Odds

✅ Promotions Offers

✅ Special Features

NHL Betting Guide – How To Bet On The NHL

Thanks to the Royal Assent of Bill C-218, Canadians can legally place single-event sports bets with licensed online sportsbooks. Hockey fans can find NHL betting odds for every hockey game during the regular season and playoffs, allowing them to turn their sports knowledge into cash like never before. In addition to traditional game lines, NHL fans can also find NHL betting odds for a wide variety of other markets, including game props, player props, and futures betting options. 

To learn more about how to bet on the NHL in Canada, scroll down below.

How Does NHL Betting Work?

Unlike betting on the NBA, where point spreads are used to even out the odds, the NHL is considered to be a moneyline betting sport. 

When betting on NHL games, hockey fans don’t have to worry about winning the contest by a certain margin of victory. Instead, bettors can simply select the winner of a game at a predetermined price set by the oddsmakers and get paid in cash when their prediction is correct.

Along with NHL moneyline bets, hockey cans can also cash in on NHL puck lines, NHL totals bets, NHL props bets, and more. Along with betting on NHL games, hockey fans can also make long-term investments in the futures market, where they can find NHL specials, NHL Playoff odds, NHL Stanley Cup betting odds, and more. 

NHL Betting Lines Explained:

At the best NHL sportsbooks, Canadians can find game lines for every NHL game during the preseason, regular season, and playoffs. However, reading the odds and NHL betting lines can be confusing, especially for hockey fans that are new to betting online. Below, we’ll go over how to read NHL betting lines, calculate payouts, and more. 

How To Read NHL Betting Lines:

For this example, we will be using NHL betting lines from one of the best sites for NHL betting Canada has to offer. 

NHL Betting Odds

In the screenshot above, hockey fans can find easy-to-read decimal odds for moneyline betting. When using decimal odds, the team with the lower number is considered to be the favourite. Meanwhile, the team that is considered to be the underdog in a contest will be assigned higher odds. 

When using American odds, the favourite in a match is labeled using the minus sign (-) followed by the amount of money that a bettor must wager to win $100 in profit. On the other hand, the plus sign (+) designates a team as the underdog for a particular match and the number that follows indicates the amount of profit that would be won on a $100 wager.

NHL Betting Odds 

When betting on the NHL, hockey fans can find a wide variety of betting markets during the preseason, regular season, and NHL playoffs. The best NHL sportsbooks in Canada allow hockey fans to bet on more than just the outcome of the game. In addition to traditional game lines, NHL fans can also take advantage of game props, player props, and futures betting options.

Below, we’ll break down the different NHL betting lines available at the top online casinos in Canada and give examples of how hockey fans can use them when betting on NHL games. 

Moneyline NHL Betting In Canada

Hockey is considered to be a moneyline betting sport. The most common way to bet on NHL games is to simply select the winner of a match. Bettors select one team to win the game, including overtime and shootout, at a predetermined price set by the oddsmakers.

In order to win a moneyline bet in the NHL, the selected team must be declared the winner at the end of the game. All bets are settled using only official results from the NHL. 

NHL Moneyline Betting Explained:

We located a game line for a matchup between the New Jersey Devils and Philadelphia Flyers. The Devils find themselves favoured to win the game at 1.68 odds. Meanwhile, there were 2.14 odds for Philadelphia to win the game.

Selecting New Jersey would earn $100 bettors $68 in profits and bring in a total return of $168. Meanwhile, a winning bet on the Flyers would bring in a total of $214, including $114 in profits.

Puck Line NHL Betting In Canada

Like other sports hockey offers point spread betting in the form of puck lines. Puck lines can deliver plus-money odds that can help fans win money betting on the NHL. 

When selecting a team to cover the puck line, a handicap is assigned for both teams. Generally, the stronger team is assigned odds at -1.5 goals while the underdog is given some margin for error at +1.5 goals. 

In order for a puck line bet to be settled as a winner, the selection must cover the -1.5 or +1.5 line. When betting on the favourite (-1.5), the selection must win the game by at least two goals. On the other hand, selecting the underdog (+1.5) means that the team must win the game outright or lose by only one goal in order to win the bet.

NHL Puck Line Betting Explained:

Sticking with the same Devils-Flyers game from above, take a look at this example.

NHL Puck Line Betting

In the screenshot above, we used an example of puck line betting. 

The puck line could be a good option for bettors in search of increased odds for backing the Devils, who are being offered 2.70 odds at -1.5 goals. A $100 bet on New Jersey to win by two goals or more would generate a total return of $270, including $170 in profits.

Meanwhile, bettors can minimize their risk when selecting the Flyers at +1.5, albeit at 1.50 odds. A winning bet on the Flyers would generate only $150 on a $100 bet for only $50 in total profits. 

Totals NHL Betting In Canada

NHL fans can do more than simply predict the winner of a contest. When bettors do not want to predict the outcome of a match, they can identify value by predicting whether a contest will turn into a high-scoring or low-scoring game.

Betting on NHL totals involves wagering on whether the two teams will combine for over or under the number of goals projected by the oddsmakers. 

If the over is selected, the bet will only be settled as a winner if the teams combine to score more than the set number of goals. On the other hand, if the under is selected, the wager will only be settled as a winner if the two teams score fewer than the total number of goals determined by the oddsmakers.

NHL Totals Betting Explained:

Hockey fans can expect to find nearly equal odds when betting on NHL totals. We’ll analyze a total for the New Jersey vs. Philadelphia game. 

If the oddsmakers have set the total for this contest at 5.5 goals, the under is set at 2.00 odds while the over offers slightly less value at 1.83 odds, indicating that the game is slightly favoured to go over the projected total.

In this scenario, a $100 wager on the over would bring in a total of $200 or $100 in total profits, doubling the original wager. Meanwhile, over bettors accept a little bit of juice but can still win $183, including $83 on a successful $100 bet.

NHL Game Props Betting In Canada

Props betting is becoming more popular for hockey games. With 60 minutes of end-to-end action, hockey is one of the most exciting sports for game props betting. Game props allow NHL fans to get creative with their wagers and narrow down their selections to more specific markets. Hockey fans can find a wide variety of game props betting options online, including odds for the first-period winner, correct score, winning margin, and more. 

NHL Props Betting Explained:

Take a look at this NHL game props betting example:

NHL Game Props Betting

While browsing through the markets in the same Flyers-Devils game, bettors can find a wide variety of game props betting options. In the screenshot above, the bookmaker is offering odds for the highest-scoring period. 

Game props and player props markets often have more lucrative odds than traditional game lines. With 4.50 odds for the first period and 3.25 odds for a tie, bettors can increase their profits by making a correct prediction. 

NHL Player Props Betting In Canada

Thanks in part to the rise of daily fantasy sports, NHL player props have also become one of the most popular emerging markets among sports bettors. Player props allow bettors the opportunity to cash in on their knowledge of individual players and take advantage of individual matchups. NHL fans can find head-to-head odds for player stats, along with odds for a player to score a certain amount of points or score the first goal of the game.

NHL Player Props Betting Explained:

For this player props betting example, we’ll focus on a player props betting option from the same Devils-Flyers game. 

The odds for each player to score the first goal of the game are listed on the page. With several players priced at lucrative odds, player props can offer tremendous value for bettors that get their predictions correct. 

The bettor above selected Claude Giroux to score the first goal of the game at 13.00 odds. A $100 wager on this selection could bring a total return of $1,300, including $1,200 in total profits.

NHL Futures Betting In Canada

Now that single-event sports betting is legal in Canada, hockey fans can cash in on odds in the NHL futures market for the first time. Futures bets allow fans to place long-term bets on markets that last beyond just a single game. Hockey fans can find NHL Playoff betting odds, NHL betting odds for the Stanley Cup, and NHL season specials, including odds for awards winners, the top goalscorer, Presidents’ Trophy winner, and more. 

NHL Futures Betting Explained:

NHL fans can find odds for every team to win the Stanley Cup. The Colorado Avalanche are the odds-on favourite at 6.50 while the Calgary Flames are pegged at 19:1 odds despite notching 29 points in just 21 games this season. Canadians can also find odds for the Toronto Maple Leafs (10.00), Edmonton Oilers (12.00), Winnipeg Jets (29.00), and more.

While a $100 bet on the Avalanche to win it all would generate a total return of $650, selecting the Jets to win the Stanley Cup would return futures bettors a whopping $2,900, including $2,800 in total profits.

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NHL Public Betting

In order to gain an edge on the sportsbooks, NHL fans need to know some critical betting information. In addition to researching important news and stats about the game, bettors also need to know which sides are drawing the most betting action from the public. 

During the course of an NHL season, there will be times when the public heavily favours one side over another. These instances can be an early indicator that there might be some value on a particular contest.   

Hockey fans can use NHL public betting percentages to bet with the public or against the public in certain situations. 

NHL Public Betting Percentages

NHL Picks

Betting on NHL games at a profitable level is notoriously difficult, especially for recreational hockey fans. When starting out, most hockey fans seek out NHL betting advice when making their selections. There are several websites and sports betting touts that will promise to earn bettors a profit with their NHL picks but it’s best to approach these claims with a healthy dose of skepticism. 

Before blindly tailing another person’s selection, consider this. There is no such thing as a lock in sports betting. That goes for everything from betting on NHL games to UFC betting

Professional sports bettors also have more to gain by actually betting on the games than selling their picks.

When a bettor sells their NHL picks or NHL betting system, they allow others to tail the same selections. As more people bet on one side of the match, the oddsmakers adjust and the perceived edge disappears as a result. 

With that being said, that doesn’t mean NHL fans shouldn’t seek out analysis and picks before making their selections. Researching NHL picks and previews can help add anticipation and entertainment value to the overall experience of betting online. Many websites offer NHL game previews, in-depth analysis, and free NHL picks that can help hockey fans identify value or take decisive action on a particular contest. 

NHL Betting Tips

NHL Betting Tips

Betting NHL games and earning a profit isn’t easy. While there is no wrong way to bet, there are some factors that can help hockey fans make more accurate predictions. Below, we’ll uncover some of the key points to consider before placing a bet on an NHL game.

Check out our NHL betting tips below. 

Keep An Eye On The Schedule

With games from early October through early April, the NHL schedule is jam-packed with games every night of the week. Over the course of an 82-game season, it can be easy for hockey fans to be overwhelmed with the sheer number of betting options available on a nightly basis. However, it is important for bettors to keep an eye on the schedule. NHL teams often play back-to-backs, get caught in long road trips, and play several games in a span of just a few short days. Monitoring these types of intricacies in the schedule can help hockey fans make more profitable bets and increase their overall return.

Monitor Historical Data

Historical data might not always serve as a surefire indicator of whether a team might win or not but it can add some useful context to some matchups. NHL teams may struggle versus certain opponents for a number of different reasons, including travel, individual matchups, playing styles, and more. 

Gage Team Performance

Like in other sports, NHL hockey teams are susceptible to going on both hot and cold streaks. Teams compile several winning streaks and losing streaks throughout the course of an 82-game season, which can give sharp bettors an opportunity to capitalize and search for spots for regression. It’s also important for hockey fans to gage how teams have been playing in certain areas of the game, like on the power play or penalty kill. 

Identify Goalie Matchups

Identifying key goaltender matchups is another way that sharp bettors can increase their overall returns. While some contending teams carry two very good goaltenders, most times teams sacrifice a little bit between the pipes when the backup is patrolling the crease. This makes it important for bettors to monitor matchups throughout the season where one team might have a major advantage in net compared to their opponent.

Track Individual Player Performances

Earlier, we touched on gaging how each team is playing ahead of its next game but tracking individual player performance can also be a useful tool for bettors. Like in other sports, the NHL is a star-driven league. Generally, when a team’s stars are aligning and playing well at the same time, team success also tends to follow. This applies to goalies and players alike. Bettors can use this type of data to their advantage by keeping an eye on players that are running hot with a point streak or goaltenders that have been trending upward in recent contests. 

Keep Track Of Lineup Changes

For the recreational hockey fan, it might not seem obvious that there are lineup changes happening on a nightly basis during the NHL season. Monitoring the latest injury news and line changes can help give bettors an edge over the sportsbooks. Oftentimes, coaches will try to rejuvenate the team or certain lines by injecting new players into the mix. 

Account For Referee Statistics

In addition to team stats and player stats, bettors also take into account the officiating crew assigned to each game. Certain referees have a tendency to call more penalties or make certain types of calls. When paired together, these combinations can help give sports fans a better understanding of when they might see more penalties called in a certain game or against a certain team. 

For a quick breakdown of our NHL betting tips, check out the table below. 

NHL Betting Tips –
How To Earn A Profit Betting NHL Games

📅 Keep An Eye On The Schedule
📊 Review Historical Data
📈 Gage Team Performance
🥅 Identify Goalie Matchups
🏒 Track Individual Player Performances
⛸ Keep Track Of Lineup Changes
※ Account For Referee Statistics

NHL Betting Strategy

Like in the NFL and other major sports, there is no proven NHL betting system that works 100 percent of the time. However, there are some tactics that bettors can use to increase their chances of winning money online. 

For bettors that want to improve their long-term betting strategy, shopping for the best NHL odds is a great way to start. This will help bettors minimize the juice and maximize their overall returns. 

Betting on underdogs is another way to increase profits. Many professional hockey bettors use an NHL underdog betting system to identify value and make more accurate predictions. By targeting matchups with larger sample sizes and monitoring goalie matchups, bettors can increase their winning percentage and overall profits over time. 

There are other strategies that NHL fans can use to maximize their edge. Sharp bettors can use live NHL betting odds to their advantage by capitalizing on shifts in momentum during the course of a game. They can also target teams on streaks, look for spots for regression, and bet against the public to help increase their profits. 

For a quick breakdown of some different NHL betting strategies, check out the chart below. 

NHL Betting Strategy

🏒 Capitalize on the best NHL betting odds
🐶 Bet on underdogs to win on the money line
📈 Target teams on streaks
📉 Look for spots for regression
🤵 Bet against the public 
🥅 Pick on weak goaltenders
📊 Target matchups with larger sample sizes

NHL Betting Tips For Bankroll Management 

For most sports fans, betting is as much about winning as having fun. While every hockey fan aims to get their selections correct, few manage their bankroll with enough discipline to profit over the long run. The most important rule when betting on NHL games is to only risk what they can afford to lose. 

When betting on sports, a “unit” describes the dollar value of a standard wager. Since every bettor is different, units are often used instead of dollar amounts when discussing NHL picks. The value of a unit can also be different for every person, depending on their total bankroll, tolerance for risk, and more.

Bankroll management is one of the most difficult parts of sports betting to master for recreational gamblers. In order to reduce their risk and add some stability to their account, bettors are encouraged to exercise some discipline when deciding how much to bet. Most professional NHL bettors would advise recreational gamblers to restrict their standard betting unit to between one percent and two percent of their total bankroll. 

Once bettors have decided on a unit size, they can decide to wager more or less than one unit on a single bet. Hockey fans can adjust the size and volume of their bets to maximize their edge and overall returns. 

As a rule of thumb, bettors should not wager more than five percent of their total bankroll on a single wager.

For a quick review of our bankroll management tips, check out the chart below. 

NHL Betting –
Bankroll Management Tips 

💸 Only risk what you can afford to lose
💰 Think of bets in terms of units
📊 Set units to between 1% and 2% of total bankroll
📈 Adjust unit size and volume based on confidence level
🥅 Remain disciplined to avoid too many highs and lows

How To Get The Best NHL Betting Odds

Hockey is one of the most popular sports to bet on in the world, so NHL betting lines are usually set very sharp, making the oddsmakers tough to beat over the long run. While the odds are generally very close, bettors can still find discrepancies between the different NHL betting apps in Canada.

For hockey fans that are serious about earning a profit, shopping for the best NHL betting odds is an important part of the equation. In order to do so, Canadians must sign up for an account with more than one sportsbook. This will allow hockey fans to cash in on multiple welcome bonus offers, compare NHL betting lines, and get the best odds for the markets that they want to bet on. 

The best NHL bookmakers in Canada also offer other features and promotions that make it easier to earn a profit while betting on sports. Members can use features like BetBuilder options, free bets, parlay betting bonuses, and more to reduce their risk and increase their overall returns. 

Once Canadians have shopped for the best NHL betting lines, they can simply place the wager with the sportsbook that offers the best odds and features.

For a quick review of how to get the best NHL betting odds in Canada, check out the chart below. 

How To Get The Best NHL Betting Odds

🎰 Sign up to more than one sportsbook
💰 Cash in on welcome bonus offers
🎲 Shop for the best NHL betting odds
🏒 Cash in on BetBuilders and early cash out offers
📈 Profit from free bets, odds boosts, and other NHL betting bonuses

What Is The Best NHL Betting Site In Canada?

When the final horn sounds, the best site for NHL betting in Canada comes down to personal preference, especially for individual users.

Since every sports fan has a different style of betting and tolerance for risk, NHL bettors are advised to choose the sportsbook that suits their specific needs. When betting on NHL games, some hockey fans might search for the best NHL odds, while others might opt for a sportsbook that has big bonuses and special account features.

For hockey fans that want to score the best betting odds, NHL sportsbooks like Bodog are a great place to start. At Bodog, new members can sign up for a welcome bonus. Bodog members also have the opportunity to cash in on a wide variety of other promotions, including free bets and exclusive promotions for Canadian sports teams. 

FAQ

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Shortly after graduating with an Honors in Business Administration, Nick turned his attention from traditional stocks and bonds to investing in the performance of sports teams. He uses a combination of advanced stats and historical data to create sports investment models to identify value and generate consistent profits. Nick's work can also be found at Pistons Powered, SafeBettingSites, Winners And Whiners, and more.