A Canadian line is a combination of point spread and moneyline in hockey. It is also known as a puck line or a handicap bet. For example, if you see a betting market for a hockey game that looks something like this:
It means that the bookmaker has set Team A as the favorite and Team B as the underdog. The number after the plus (+) or minus (-) sign indicates the point spread or the handicap that is applied to the final score of the game. The number in parentheses indicates the moneyline or the payout for each team. For example:
If you bet on Team A to win, they have to win by more than 1.5 goals for you to win your bet. If they win by exactly 1.5 goals, your bet is a push and you get your stake back. If they win by less than 1.5 goals or lose the game, you lose your bet. If you bet $100 on Team A and they win by more than 1.5 goals, you win $120 ($100 x 1.2).
If you bet on Team B to win, they have to win the game or lose by less than 1.5 goals for you to win your bet. If they lose by exactly 1.5 goals, your bet is a push and you get your stake back. If they lose by more than 1.5 goals, you lose your bet. If you bet $100 on Team B and they win the game or lose by less than 1.5 goals, you win $71.43 ($100 / 1.4).
As you can see, the Canadian line gives an advantage to the underdog and a disadvantage to the favorite. It also adjusts the payout for each team based on their probability of winning.
There are several reasons why you might want to use a Canadian line in betting on hockey. Some of them are:
Balance: A Canadian line can balance the odds and the payouts for each team in a hockey game. By giving a point spread to the underdog and a moneyline to the favorite, it can make the betting market more fair and attractive for customers.
Variety: A Canadian line can offer more variety and options in betting on hockey. By combining two types of bets in one, it can give customers more flexibility and choice in their bets.
Challenge: A Canadian line can provide more challenge and skill in betting on hockey. By adding a point spread to the moneyline, it can make the betting outcome more uncertain and unpredictable.
How to Bet on a Canadian Line?
Betting on a Canadian line is not difficult and requires some steps. Here are some steps that can help you bet on a Canadian line in betting on hockey:
Find a reputable and licensed sportsbook that offers Canadian lines on hockey games.
Choose the game and the team that you want to bet on.
Check the point spread and the moneyline for your chosen team.
Enter your stake and confirm your bet.
Wait for the game to end and collect your winnings or losses based on how your team performs in the game.
What are the Pros and Cons of Betting on a Canadian Line? Like any other type of bet, betting on a Canadian line has its advantages and disadvantages. Here are some of them:
Pros
Balances the odds and the payouts for each team
Offers more variety and options in betting
Provides more challenge and skill in betting
Suitable for any type of hockey game
Cons
Involves more risk and uncertainty in betting
Requires more stake and bankroll in betting
Depends on finding reliable and accurate sources of information and data
Varies widely across different sportsbooks and markets
Tips for Betting on a Canadian Line
Betting on a Canadian line can be a rewarding and enjoyable way of betting on hockey, but it also requires some caution and common sense. Here are some tips that can help you improve your chances of winning when betting on a Canadian line:
Do your research: Before placing your bet, make sure you do your research on the game and the team that you want to bet on. Check their form, statistics, trends, injuries, motivation, and any other relevant factors.
Compare lines: Different sportsbooks may offer different point spreads and moneylines for the same game and team. Therefore, it is important to compare lines from different sources and find the best value for your bet.
Shop for lines: Sometimes, you may find a better line for your team at another sportsbook or at another time. Therefore, it is advisable to shop for lines and look for opportunities to get more points or pay less juice.
Manage your bankroll: Betting can be fun and rewarding, but it can also be risky and addictive. Therefore, it is essential to manage your bankroll wisely and only bet what you can afford to lose. Set a budget and stick to it. Don’t chase your losses or get carried away by your wins.
To Sum Up
Canadian line is one of the most specific and popular types of bets in hockey. It refers to a combination of point spread and moneyline in hockey. It can be used to balance the odds and the payouts for each team in a hockey game. It can also offer more variety, challenge, and skill in betting on hockey. However, it also has some drawbacks, such as risk, uncertainty, dependence, and variability. Therefore, it is important to understand and bet on Canadian lines before placing your bets.