Best NHL Odds In Ontario

Looking for the best NHL odds in Ontario? You’ve come to the right place. Single-game wagering is now legal in the province. Proline+ is currently the leading online sports betting platform, but DraftKings, BetMGM, FanDuel, and BetRivers are all among the US books that should be operating within months.

Sportsbooks With The Best NHL Odds 

DraftKings

Why We Like It: Best overall betting experience    

Bonus Offer: $50 free bet and 20% deposit match bonus up to $1,000

FanDuel     

Why We Like It: Best for iOS and Android app

Bonus Offer: $1,000 risk-free bet for new users 

BetRivers   

Why We Like It: Best easy deposit bonus

Bonus Offer: 100% deposit match bonus up to $250 with 1x playthrough

List Of NHL Games Currently Postponed

Many games in the National Hockey League are getting postponed due to COVID-related issues. This could be a team impacted by a large number of cases or attendance restrictions at Canadian locations. Some contests featuring both Canadian opponents will go on without fans in the arena, but the NHL is looking to have as many games as possible with fans in attendance.

Bettors with wagers on games that have been postponed will likely be graded as void with money given back. Check the terms and conditions of specific sportsbooks for their rules on postponed games.

Future postponements will be limited according to NHL Deputy Commissioner Bill Daly. In an interview with Sportsnet on Jan. 3, Daly has said that the cushion for makeup games on the calendar is getting thin. Heavy restrictions are in place across Canada until the middle of January.

No future games are postponed at this time.

What Sports Betting Apps Are Available In Ontario

The influx of new online sportsbooks will be accompanied by several new sports betting apps. This will make it even easier to bet on the NHL in Ontario.    

All the major operators including the sportsbooks mentioned above will have apps available in Ontario soon. Be sure to check out current promotions for each sportsbook. They typically come in the form of sign-up bonuses and/or free bets for new customers. Take advantage of the promotions since it’s an easy and effective way to boost your bankroll in the early going.  

To start, search for the DraftKings Sportsbook app in the App Store and download it to your mobile device. One note on this: Make sure it’s not the daily fantasy sports app. DraftKings and FanDuel offer separate apps for DFS and sports betting. You’ll want the latter to bet on NHL games.

Once you’ve downloaded the app, the registration process is simple. You’ll provide some personal information such as your name, address, email, and age. You must be 19 to bet legally in Ontario and live within the boundaries of the province. You’ll receive an email asking to confirm your email address, then choose a password for your account and get ready to start betting on some hockey. 

Funding options can include credit cards, debit cards, PayPal, money-wiring services such as MoneyGram, and even Bitcoin in some situations. It’s important to check with each sportsbook to find out what options exist when it comes to funding your account. 

While all sportsbooks will allow you to bet on the NHL, it’s important to note that odds will vary at different books. Always shop around for the best price on any NHL wager.

What Types of Bets Can You Make On The NHL?

The most popular options among NHL bettors include bets on the moneyline, puckline and total. Let’s use the following chart to illustrate how you can make each of these bets for one game. 

TeamPucklineTotalMoneyline
Boston Bruins+1.5 -220O6 -105+100
Toronto Maple Leafs-1.5 +180U6 -115-135
 

This real-world example came from DraftKings for a Nov. 6 game at Scotiabank Arena in Toronto. Let’s assume you are a Maple Leafs fan, and you think Toronto will just win the game outright. You’d need to bet $135 on the moneyline to win $100. But, if you like the Leafs to win by at least two goals, put $100 on the puckline (-1.5 goals) to win $180. The OVER/UNDER total for the game is set at 6. The total is juiced to the UNDER (-115), which means it will cost you more to bet on that outcome.

DraftKings entices bettors to bet the OVER with a lesser outlay at -105. The goal for any sportsbook is to take equal money on both sides of the line with any bet. This protects them from liability and allows them to profit from the juice paid by all those players on the losing side. In any case, the teams need to combine for more than 6 goals to go OVER the total in this game. 

What Really Happened In This Game – Did You Win Your Bets?

Toronto defeated Boston, 5-2. The Maple Leafs easily covered the -1.5 puckline, meaning you won $180 on a $100 wager. Your $135 Toronto bet on the moneyline brought back $100. You also cashed if you wagered $105 to win $100 on the OVER for the game’s posted total of six, as a total of seven combined goals were scored.     

What Are NHL Futures Bets?

As the name suggests, these wagers revolve around future outcomes. One of the most popular future bets involves betting on which team will win the Stanley Cup Championship at the season’s end. Odds are available on every team in most cases, and they will fluctuate over the course of the season based on a team’s performance. Let’s use this example from FanDuel in early November:

Stanley Cup Outright Betting 

TeamOdds
Colorado Avalanche+500
Florida Panthers+850
Tampa Bay Lighting+850
Vegas Golden Knights+1000
Carolina Hurricanes+1500
Edmonton Oilers+1500
Boston Bruins+1600
Toronto Maple Leafs+1600
NY Islanders+1800
St. Louis Blues+2000
 

We’ve listed only the top-10 favorites to hoist the Stanley Cup to keep things from getting unwieldy. But just remember that odds are typically available for all 32 NHL teams at most sportsbooks. From the chart, you can see that the Toronto Maple Leafs are +1600 or the equivalent of 16-1 to win the championship. Thus, a $100 bet on the Leafs here would bring back $1,600 if they win the Stanley Cup. A reminder to see what other books are offering because these are dynamic odds that can swing wildly over the course of a season. 

Let’s stay with the Maple Leafs and explain two other ways to place future bets on them. Toronto plays in the Atlantic Division of the NHL’s Eastern Conference. You can bet the Leafs to win the division (+400) or the conference (+850). $100 bets on both would win you $400 and $850, respectively. 

FanDuel also offers a futures bet on who’ll win The President’s Trophy, which essentially means the team who “wins” the regular season. NHL teams accrue points with wins and ties during the season. The team with the most points at the end of the regular season captures The President’s Trophy. 

FanDuel had the Maple Leafs at +1600 – the same odds posted for Toronto to win the Stanley Cup championship – and the Ottawa Senators at a whopping +25000 in early November. Ottawa was tied with several teams as the longest shot on the odds boards. The Senators have never won the Stanley Cup in their franchise history, and the prospect of a first championship looks unlikely based on these odds. 

How To Bet On Individual NHL Players (Prop Bets)

Another fun way to get action on an NHL game is to bet on the performances of individual players. Proposition bets, better known as prop bets, have become increasingly popular during the expansion of sports betting in North America.

Connor McDavid of the Edmonton Oilers is one of the NHL’s most prolific offensive players. You can make bets on the number of goals, points, and shots he has in any given game. Odds on McDavid scoring a goal against the NY Rangers on Nov. 6? +106 at BetRivers

Shots On Goal By Connor McDavid Vs. The NY Rangers (including OT)

Total ShotsOdds
Over 3.5-148
Under 3.5+105

This was the 10th game of the season for McDavid and the Oilers. With this contest being played on home ice at the Rogers Center in Edmonton, and factoring in McDavid’s average stats in the first nine games, the suggestion here would be to bet the OVER. McDavid averaged 4.88 shots in his first nine games. Keep in mind, too, that you don’t have to bet $100 on every wager or prop bet. In this case, the -148 has this prop heavily juiced to the over. Instead of playing $148 to win $100, you could play $74 to win $50. It all comes down to your own bankroll, assessment of value, and risk tolerance. 

How Did The Bets on Connor McDavid Vs NY Rangers Turn Out? 

Edmonton prevailed in a classic 6-5 OT thriller against New York. If you bet $100 on McDavid to score a goal, congratulations are in order, and you are $106 richer. The bad news here? He only produced two shots on goal, so if you played the over 3.5-shot prop, you lost $148 in trying to win $100.  

In-Game Live Betting Odds On NHL Teams 

Don’t feel bad if you didn’t get a bet in before the opening faceoff of your NHL game. Just because the puck dropped to start the contest, that doesn’t mean you are shut out of the action. Major sportsbook operators allow bettors to place in-game wagers on the eventual outcome for winning side, total and more.

Instead of pre-flop (or wagers made before the game), sometimes it’s prudent to watch the beginning of a game to get a feel for how each team is playing, and whether it looks to be a high- or low-scoring affair. You need to understand that the bookmakers will be closely following the action, too, and setting then adjusting the lines accordingly on a real-time basis. If you’re just starting out as a novice NHL bettor, give it some time before you delve into this type of wagering. 

NHL Partnerships With Sportsbooks And Other Gambling Entities

From a league perspective, the NHL has already inked a deal with DraftKings for the company to become its official sports betting and daily fantasy partner. The Toronto Maple Leafs and Ottawa Senators will likely follow suit by partnering with an official sportsbook or other gambling-based company.

In the US, the trend started in 2018 when the Vegas Golden Knights and William Hill US entered into the first agreement between an NHL team and sportsbook. Most recently, the Nashville Predators and Bally’s Corporation announced a sports betting partnership in late October 2021.

Expect the Maple Leafs and Senators to do something similar in the days ahead.

NHL Odds FAQs

How popular is betting on the NHL in Ontario?

Hockey is king in Canada. It’s fair to say that the old cliché holds true for hockey betting, as well. OLG cited a recent poll of its customers, with more than 60% saying hockey was their favorite sport to bet on. Once the likes of DraftKings, BetRivers, BetMGM, and FanDuel are soon up and running, this will be easier to track and quantify with the volume of hockey bets surging along with the added number of operators and apps.

Do the province’s legal sportsbooks take bets on the NHL?

Yes, as mentioned Proline+ is currently the only option for online betting on the NHL in Ontario.

Are DraftKings and FanDuel legal in Ontario?

Not quite yet, but they are expected to be within a few months. Prospective sportsbook operators began submitting applications on Sept. 13, 2021, and iGaming Ontario will oversee the approval of new sportsbooks in the province. Expect them sooner rather than later. 

How Are Vegas Betting Odds On The NHL Calculated?

Oddsmakers establish opening lines for NHL games with the aim of attracting even money on both sides of the bet. The public responds to the opening number by betting on their chosen side. Sportsbooks then adjust the odds accordingly until the game is played. 

Can I Bet On The Stanley Cup Champion In Ontario?

Proline+ has you covered on this for now. Just remember that you’ll have many more options in the months to come when US books officially join the Ontario marketplace.

About the Author

Kris Johnson

With more than 15 years of experience as a sports journalist, Kris Johnson’s work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also wrote a sports-betting novel entitled, The Endgame.