NHL Best Parlays - Betpicks

We started off the playoffs on the right foot! After killing our free NHL parlay last week, we play with house money and look to stay hot!

Boston Bruins @ Carolina Hurricanes

May 14 @ 4:30 P.M. (EST), PNC Arena

Carolina blew another series lead and while I think they can win this game on home ice, the first leg of this parlay will focus on the visiting Bruins. The Bruins may not win this game but I am certain they can cover on the Puck Line.

Expect this to be a one-goal game for either team. Throughout the series, Boston has covered the Puck Line (+1.5) in three games so far. However, the only caveat is that Boston has been dumped on the road in this series. So for this free NHL pick to hit, they need to accomplish something they have not done in the playoffs.

I am confident that Boston can do so thanks to the leadership of this crew. With Bergeron, Marchand and Pastrnak leading the charge, Boston is well equipped with veterans who have been in this position before. The Hurricanes have elite-level talent but they have not created the same level of success as their opponents. I think this boils down to experience above all.

Boston may lose this game but I think this goes the distance and I would not be surprised if we see an overtime battle as well. But for the opening leg of this parlay, we’re looking at Boston +1.5 (-225).

 

Tampa Bay Lightning @ Toronto Maple Leafs

May 14 @ 7:00 P.M. (EST), Scotiabank Arena

I am sorry Toronto fans but I don’t think the Maple Leafs make it out of the first round once again. While these guys are all professional athletes, there will be jitters in the Toronto locker room ahead of this game.

One thing that sticks out between these teams is five-on-five play. According to advanced metrics, the Lightning have created more high-scoring chances at even strength play compared to the Maple Leafs. Everyone can predict that the refs’ whistles will be silent in this one, so does that help Tampa Bay on the road?

With how tightly game 7’s tend to be, this will be a goaltending match-up. In that regard, I think Tampa Bay (Vasilevskiy) has the edge over Toronto (Campbell). This is one of those free NHL picks where I need to trust my gut. Toronto’s team has talent and depth but I can’t trust them to clutch this series.

Toronto has all the talent in the world but have not necessarily proven anything just let. Let’s bank on the leadership and experience of this Lightning squad. I am adding the Tampa Bay Moneyline (+100) for the second leg of this parlay.

 

Los Angeles Kings @ Edmonton Oilers

May 14 @ 10:00 P.M. (EST), Rogers Place

Capping off our free NHL parlay, we need the Kings to cover the Puck Line. I think this is a great pick because Saturday night we could see the heartbreak in Alberta. Los Angeles are 2-1 on the road in the playoff currently, which leads me to believe that the Kings can close out this series.

The Kings have NOT covered the puck line in any of their losses in the playoffs, so if you take the Kings +1.5, you are also essentially wagering on them to win. This is why I am comfortable with the puck line because of LA’s talented play on the road throughout the regular season. On top of being 2-1 in the playoffs (on the road), the Kings were a staggering 23-11-7 away from their home barn. This leads me to believe we could see a victory in Edmonton Saturday night.

Edmonton’s offense has had one breakout game during the playoffs (at home) so I am not scared of them running up the scoreboard in this one.

Lastly, the Kings’ roster has tons of experience in big-time games, while the Oilers are still trying to figure out playoff hockey. Let’s add the LA Puck Line +1.5 (-143) for the final leg of our BetPick parlay.

What is NHL parlay betting?

Bettors familiar with the ins and outs of sports betting will know all about NHL parlays. But if you’re still learning the ropes, you may not yet have encountered this exciting form of betting.

A parlay is a single wager with several legs or selections, and NHL parlay betting is this type of bet on NHL games. Not all betting markets contribute to a parlay. Parlay bets mainly consist of moneyline, over/under, and puck line bets.

NHL parlay betting is hard to get right, but when you do, you’re in for a more substantial win than placing single bets on NHL markets. To win on a parlay, every leg must win. If just one loses, the whole parlay bombs.

How to bet on an NHL parlay

NHL parlay betting is popular for its potential value should all your NHL parlay picks win and the increased excitement and anticipation compared to single bets.

These NHL picks and parlays are the most common:

NHL Moneyline Parlays

Moneyline bets are one of the easiest to place as you bet on the winner of a match. The table below shows a simple three-leg moneyline NHL parlay.

Games Bet Type Odds
New Jersey Devils

(New Jersey Devils @ Columbus Blue Jackets)

Moneyline 2.05
Vegas Golden Knights

(Chicago Blackhawks @ Vegas Golden Knights)

Moneyline 1.42
Arizona Coyotes

(Nashville Predators @ Arizona Coyotes)

Moneyline 3.15
Total Odds 9.20
Total Stake $100
Est. Total Profit $920.53

Each NHL parlay pick in this example is from a different game. You can’t have a single-game moneyline-only parlay as each game only has one moneyline market.

NHL Over/Under Parlays

Over/under parlays are also popular, mainly because you don’t have to pick a winner. You bet on whether the combined score at the final whistle is over or under a predetermined number of goals.

The following table shows over/under bets based on the same games in the previous table and reflects the possible profit on a $100 wager.

Games Bet Type Odds
Over (6.5)
(New Jersey Devils @ Columbus Blue Jackets)
Over/Under 2.05
Over (6)
(Chicago Blackhawks @ Vegas Golden Knights)
Over/Under 1.95
Under (6)
(Nashville Predators @ Arizona Coyotes)
Over/Under 1.83
Total Odds 7.33
Total Stake $100
Est. Total Profit $733.76

NHL Puck Line Parlays

In a puck line parlay, you bet on a team’s winning margin. It’s also known as a point spread parlay, and is less common than moneyline or over/under parlays. A plus sign indicates the underdog while the minus indicates the favourite.

Games Bet Type Odds
New Jersey Devils (+1.5)
(New Jersey Devils @ Columbus Blue Jackets)
Puckline 1.46
Vegas Golden Knights (-1.5)
(Chicago Blackhawks @ Vegas Golden Knights)
Puckline 2.00
Arizona Coyotes (+1.5)
(Nashville Predators @ Arizona Coyotes)
Puckline 1.83
Total Odds 5.37
Total Stake $100
Est. Total Profit $537.2

NHL Single-game Parlays

In a single-game parlay, all your picks are from the same game. It’s new to the Canadian sports betting scene, with laws only recently passed to allow this bet type, but it likely won’t be long before sportsbooks and bettors embrace the single-game parlay.

NHL Parlay Odds

The total parlay odds result from multiplying the individual odds of each leg together. Using the example in the last table above, the calculation is 1.46 x 2.00 x 1.83, giving you total parlay odds of 5.37.

Best NHL Parlay Betting Markets

The betting markets you choose for your parlay depend on the type of bettor you are and how big a payout you hope for.

  • Over/Under bets are great if you’re new to parlay betting, as you don’t need to predict a winner. You just bet on whether the total goals will be over or under the number set by the sportsbook.
  • Moneyline bets are the most popular and often have the best odds. It’s best to know something about the teams’ recent form and the trends with the current NHL picks and parlays.
  • Props bets are exciting but also make your wager more unpredictable. Knowledge of recent performance is vital to getting these bets right.

Most sportsbooks have an NHL parlay of the day. Wagering on this is a great way to start hockey parlay betting.

What Happens to a Parlay on a Push?

If one of the legs on your parlay is a tie, that wager is seen as a push. The parlay isn’t a loss, but the odds for that leg become 1.00 and don’t contribute to the winnings. If all the other NHL parlay picks on your slip win, then you still win the total parlay.

How to Calculate a Parlay Payout?

Parlays are a riskier way of betting but can offer substantially better rewards when you get it right. To better understand NHL picks and parlays, it helps to know how to calculate parlay payouts.

The calculation is easiest if all odds are in decimal format, which is generally how Canadian betting sites display them. Multiply the individual odds together for the total parlay odds. Once you have this figure, multiply it by your stake and you have your potential parlay payout.

The formula looks something like this:

(Pick 1 x Pick 2 x Pick 3) x Stake = payout

Let’s say the odds for your picks are 1.76, 3.86, and 2.40, and you wager $50 on the parlay. Your calculation is as follows:

Step 1: 1.76 x 3.86 x 2.40 = 16.30
Step 2: 16.30 x 50 = $815

If all your picks win, then you stand to gain $815 on a $50 wager.

NHL parlay betting tips and strategies

Here are some ways to spice up your betting to get the best mileage from your NHL picks and parlays.

  • Boost your odds – You can often find odds boost promotions that offer better odds the more legs you include on your parlay. You could end up boosting your odds by up to 20% or more and a bigger payday if your parlay wins.
  • Use free bets – Free bets are excellent if you’re getting to grips with NHL picks and parlays. They enable you to place a parlay without risking your bankroll.
  • Add fewer selections – The more legs you include, the more chance of one losing. It’s better to be confident in a smaller parlay with just three or four selections than to live on the edge with a ten-leg wager.
  • Don’t just select the favourites – Just because a team is the hot favourite doesn’t mean it will win. A hockey game can turn in an instant, and the favourite can end up the losing side. If you feel strongly that the underdog may have the upper hand in a game, bet accordingly. Follow your instincts but be confident in your NHL picks and parlays.

How to Build an NHL Parlay Betting Strategy?

If you already have sportsbook accounts, check for free bet promotions, odds boosts or anything to help with your parlay. Most operators have free picks and parlays for NHL and other major leagues, and we find these useful when finalizing my parlay.

We start thinking about my picks a few days beforehand, but we’ve also made the mistake of overthinking. Never doubt your selections. Keep it simple, especially if this is your first experience with NHL picks and parlays.

You may be braver than us, but we tend to place three-leg parlays rather than extravagant ones. It’s easier to make fewer selections, and I have a better chance of winning, although a bigger parlay could result in a bigger payday, especially if you use an odds boost.

We also mix and match my bets, rather than sticking with just Moneyline or Puckline. It’s a personal choice, but if you do your due diligence before betting, you can often hit on the right combination of selections for a winning parlay.

There are many strategies for parlay betting, and how you go about it depends on your preferences. Remember to always be confident in your picks before confirming your parlay.

NHL Parlay Calculator

Some bookmakers have a parlay calculator, which helps work out potential winnings. You enter each leg’s odds and your stake, and the calculator works out the payout should all legs win.

You can also do this manually using the following simple formula:

(Leg 1 x leg 2 x leg 3) x stake = payout

Multiply the decimal odds of each leg, then multiply this by your stake to get your estimated payout.

FAQs

  • Can I Parlay NHL Prop Bets?

    Yes, you can include prop bets in your NHL picks and parlays, but not all. The game and your other selections determine which prop bets you can combine.

  • Can I Parlay Different Kinds of NHL Bets?

    The most common bets in NHL parlays are moneyline, over/under and puck line bets. You can generally combine any of these in a parlay.

  • Can I Parlay on Multi NHL Games?

    Multi-game parlays are common in NHL betting, and you can include as many games as you wish in your wager.

  • Are Same Game Parlays Legal for the NHL?

    Canada passed legislation allowing same-game parlays in 2021 but left it up to the individual provinces to legalize it in their jurisdiction. The process to legalize same-game NHL parlays is still underway.

  • Why Did My NHL Parlay Bet Have a Void?

    A postponement results in a void bet. In this instance, the odds for that pick revert to 1.00, but the remainder of the parlay remain on track.

Conclusion

NHL parlays are challenging, but they can be very profitable when they work out. The trick is to make realistic and logical selections and have a basic knowledge of the competing teams’ recent performances. If you need some help in crafting your NHL parlay, our team of experts at Betpicks give their recommendations of what they feel is the NHL parlay of the week.

have always wanted to be a writer and sports are my favorite thing in the world, so I combined the two to make a career. I have been a long-time gambler and sports betting writer that isn't afraid to look at the underdog or specials. I am covering the NHL, MLB and NCAA Football for BetPicks.ca and am a huge fan of both sports - as well as many others. Follow me on Twitter @Patrick_Trudeau so we can talk betting, sports, or why ketchup DOES belong on Poutine.

All Reviews by Patrick Trudeau

BACK TO TOP