NHL Odds, Predictions: 2 Betting Systems for 2023-24 Season

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NHL Odds, Predictions: 2 Betting Systems for 2023-24 Season
(Gene J. Puskar/AP Photo)
Nick Hennion @nickhennion Jan 16, 2024, 12:55 PM
  • The instance in which to support home and road favorites.
  • A system that has returned bettors a 5% return on investment despite a 37% win rate.

With the regular season in full swing, NHL odds are regularly available for avid hockey bettors. 

Although hockey can sometimes prove a fickle sport to bettors, I’ve identified two systems that have proved profitable historically. 

While these systems are intrinsically correlated, they both have positive return on investments. 

NHL Betting System No. 1: NHL Teams ML Off SU Loss as Favorite (October through January)

This system remains profitable if you eliminate the games qualifier but is more profitable in the first half. 

For a bigger return on investment, I sampled NHL teams who lost by at least two goals in the previous game to account for either a blowout or an empty-net goal. 

Either way, teams off a straight-up loss as a favorite are 955-595-0 (61.6%) in the subsequent game, assuming they’re a favorite, in October through January. 

Over that span, a $100 bettor would finish up $3,867 for a 2.5% return on investment. 

Upcoming Games: Winnipeg Jets (Tuesday, Jan. 16)

NHL Betting System No. 2: NHL Teams ATS Off SU Loss as Favorite (October through January)

This takes the above system a step further and examines how teams perform against the spread off a straight-up loss as a favorite. 

Again, the system remains profitable if you eliminate the games qualifier. However, it works better in the first half. 

Although teams are only 38.6% against the spread in this spot, a $100 bettor would finish up $12,114 for a 8% return on investment, inclusive of the 2023-24 season. 

The reason? This system takes into account short moneyline favorites that also cover the puck-line. 

As an example, the Pittsburgh Penguins fit this system on Friday, Oct. 13. They were a -120 moneyline favorite but a +195 underdog on the puck-line. 

In this instance, bettors would take the +195 as well as the moneyline. 

Upcoming Games: Winnipeg Jets (Tuesday, Jan. 16)

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About the Author

Nick Hennion

Read More @nickhennion

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.