The puck line is typically expressed in a line that's either +X or -X. For instance, let's say the Tampa Bay Lightning are hosting the Washington Capitals. The Lightning are favored to win the match, so the line might read: Washington Capitals +2 (-115), Tampa Bay Lightning -2 (-115).
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Until the late 1970’s, the puck line was often referred to as the ‘Canadian Line’ but as hockey (and hockey betting) exploded in popularity worldwide this term fell into disuse. A puck line is essentially a combination of a moneyline and a pointspread based on goals scored. For example: NEW JERSEY DEVILS +1.5 -150 SAN JOSE SHARKS -1.5 +130
Here’s three different ways to read betting lines in hockey: Decimal NHL Betting Odds. If you’re Canadian, decimal odds probably look familiar. They’re the same NHL betting odds used by Proline, Mise-O-Jeu, Sports Action and other provincial sports lotteries. To figure out what decimal betting odds are paying you, multiply them by what you want to bet. That would equal what your bet would pay.
For example, if the NHL betting odds are set for a game and the team has 8/1 odds to win, there is a 11% chance they will win the game. 1/ (8+1) = .11 (11%) Or, if a team has 1/4 odds to win the match, that can be calculated like so - 4/ (4+1) = 0.80 (80%) This team is favored and will very likely win the game.
The puck line is hockey’s form of the point spread. When betting on a major sport, you’re typically presented with three standard betting options: the spread, the moneyline and the over/under. Hockey is no different, although it is one of a few sports where betting the moneyline, as opposed to the spread, is the most common wager. You can still bet the spread in hockey, but it’s generally not referred to by that name.
The betting hockey puck line is a point spread version in hockey. The puck line hockey betting process is almost similar. Here, the number 1.5, known as the puck line handicap, acts as a standard point spread/handicap. Meaning that after a hockey match ends, either 1.5 is subtracted from the favored team’s goals OR added to the underdogs’ goals.
The "20-cent line" refers to the difference in the odds on the favorite and the odds on the underdog. But as with other sports, such as baseball, the odds on an extremely large favorite will often be greater than 20 cents. The odds on a typical National Hockey League game may look like: Calgary +110. Vancouver -130.