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HOCKEY LINES: WHAT
OPTIONS ARE THERE? WHEN IS THE BEST TIME TO USE THESE
OPTIONS? by Ben
Burns 2002
TYPES OF LINES
When wagering on the NHL one must decide which type of line
offers the best value. It is important to understand what these
lines consist of, in order to determine when the proper times to
use them are. The two main choices are the 'Canadian-Line' and
the 'Money-line'.
Most of you are familiar with the money-line, as money-lines are
often offered, in addition to point-spread wagering, for both
basketball and football. They are also the standard line used
for betting on baseball. Generally, hockey money-lines are based
on a '20-cent' line. This means that there is a difference of
twenty cents between the line on the favorite, and the line on
the underdog. For example, if the favorite is listed at -$1.40,
then the dog will automatically be listed at +$1.20. As in other
sports, in
games that involve large favorites, most books will increase the
difference between the two lines; (ie -220 and +180)
The Canadian Line, commonly (mistakenly) referred to as the
'Puck-Line' is a combination of a goal spread and a money-line.
The favorite will most often be giving up a half a goal, while
the dog will be getting that extra 'half a puck'. Depending on
the size of the favorite, the corresponding money-line can
either be 'plus money' or on bigger favorites, 'minus money'. As
with the straight money-line bets, this is generally based on a
twenty-cent line.
A typical example of a Canadian Line is: Favorite -0.5 -140 //
Dog +0.5 +120. On games that odds-makers determine to be closer
to 'pick-ems' the line will look something like: Favorite -0.5
+125 // Dog +0.5 +125. On games like this, one will often find
one sports-book listing one team at -0.5 and another book
listing the other side at -0.5. Obviously, there are no
'half-goals' in hockey. However, with the large number of games
that end in ties, this type of line ensures that there is always
a winner and a loser on every wager. (unlike the money-line,
where a tie is a 'push')
There is actually even a third type of hockey line that one can
wager on. It is called the 'American Line' or 'Split Line'. On
the American Line, the bettor pays no juice (+100) on either
side of his bet. The catch is that the 'house' gains an extra
half a goal on each wager. Examples of this line include:
Favorite -0.5 // Dog: even; Favorite -1 // Dog +0.5; Favorite
-1.5//Dog +1. You get the idea. In the past, this used to be the
most common form of hockey line. However, as sports-wagering has
evolved, and as sports-gamblers have become more intelligent,
this line has largely fallen out of favor; as for the most part,
bettors get much better value on either of the other two lines.
Occasionally, there are exceptions though, where the American
Line actually has the best value of the three. On games where
the odds-makers cannot determine a true favorite, one can
sometimes find a dog at pick +100 that is listed at pick -110,
or so, on the money-line. Sports-books are sharp though. To
guard against being taken advantage of, in cases such as these,
the books that still offer the American Line, usually make their
clients choose only Canadian and Money-Line OR American Line
before wagering begins. Once an account is setup for Canadian
and/or Money-line betting, they rarely allow American Line
wagers from the same account. One has to be careful though, as
some books will, knowing that they gain a big advantage, over
the
long-term, automatically set up the account for American Line
wagering until they are asked about to change it.
Now that you know what your hockey wagering options are, it is
time to determine when is the best time to play into the
different lines.
CANADIAN LINE vs. MONEYLINE
Deciding whether to play on the Canadian line or the Money-line
is no easy task. There are so many variables to consider, that
one could write an entire novel or a masters' thesis on the
subject. Unfortunately, time constraints do not currently allow
me to do this massive subject justice. I do plan on a much more
in-depth study during the long, hockey-less, summer
months this year though. I know of NHL handicappers that play
all their games on the money-line and others that play all of
them on the Canadian. Some prefer to bet all their underdogs at
+0.5 and all their favorites at pick, thus giving them the
highest winning percentage. Still, others swear by doing the
exact opposite; saving juice by playing all fav's at -0.5; and
earning a much higher payback, by playing all their dogs on the
money-line. Both of those schools of thought will outperform one
another during certain times of the year, but, obviously, the
important question; is which will be the most profitable
over the long-term. While I often tend to lean to the latter, it
is my strong opinion that each game (and team) needs to be
looked at on an individual basis; and that one needs to make use
of both types of lines to maximize profits.
Some, of the many, factors to consider are:
1. The frequency of ties in the league
2. The particular team and their coach's tendencies (how often
do their games end in ties, do they generally go all out in OT
to pick up that extra point? etc etc)
3. Are the teams in the same conference? If so, do they tend to
play more conservatively, so as not to give up a point to a
rival, then they would if they were playing a non-conference
opponent?
4. How capable are the teams of scoring? Are they loaded with
snipers that can finish when they get the chance? Or, are they
more of a defensively oriented team?
5. How good are the goalies, and what are their lifetime OT
records like?
6. What is the price difference
between the two lines? (sometimes there may only be a 30 cent
advantage to playing a dog on the ML, while other times the
price might be 80 cents different)
Frequency of Ties
With the NHL seemingly implementing new changes to their rules
every year, we can't really look at the frequency of ties from
too far back, as the new rules have totally changed things.
Last year 298 of a total of 2460 games ended in ties. That was
just over 12%. This year, with the league (again) cracking down
on obstruction, early indications looked like the number of ties
this season would be way down. During the opening week, only 3
of 46 games ended in draws. That's only 6.5%. However, in the
ten days since, (up to and including the games from Oct. 27th)
we have seen 17 out of 77 games finish tied. That's over 22%
Overall, that brings the total to 20/123 or 16.2%. this is
definitely an increase over last year's numbers.I am going to
wait a couple more weeks or so, before deciding that we will see
more ties this season though, as 123 games is still far too
small a sample to make such conclusions.
I am also going to wait a little while longer before looking at
team
tendencies from this year, as these can also change greatly from
year to year. Take Nashville, for example. Last year they were
the only team in the entire league that didn't suffer an
overtime loss. This year, they lead the league (tied with
Flames) with two overtime losses in just eight games overall. On
the other hand, Minnesota and Boston, who tied for the lead in
most overtime losses last year, are both undefeated in extra
time this season.
Here is a chart that you may find useful. It goes back to the
2000/2001 season, and is current, as of today (Oct 29, 2002). I
have ranked teams according to how many ties they have played,
and compared it to their number of overtime losses. The first
number is 'ties' the second 'overtime losses':
Team Ties OT Losses
Calgary 29 9
Minnesota 27 19
Edmonton 26 7
LA 26 7
Carolina 26 9
Phoenix 26 9
Florida 24 16
Nashville 23 5
Philly 23 6
Atlanta 23 8
Dallas 23 7
Toronto 22 9
Montreal 22 9
Chicago 22 6
Washington 22 6
Colorado 21 6
Vancouver 21 10
St Louis 21 9
Anaheim 21 8
NewJersey 21 7
SanJose 20 6
Detroit 20 8
Tampa 19 9
Ottawa 19 11
Pitt 19 8
Columbus 18 11
Buffalo 17 2
Isles 16 7
Bruins 16 17
Rangers 11 5
Here are a few things that stand out from that data:
Boston is the only team with more overtime losses then they have
ties. With only two losses, the Sabres almost never lose once
the game has reached OT
With 29 ties, given the choice, one is probably better off
taking the Flames at +0.5 then on the ML
In part 2 of this article, I will look more closely at more
factors that need to be considered before choosing which line to
play into, and analyze the data to draw some conclusions from
it...
Until then, good luck!
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