There’s no better feeling than connecting on an NHL parlay.
There’s only three games on the NHL slate Wednesday, but there’s still a multi-leg hockey wager I like.
Here’s a look at the best hockey parlay for March 20.
NHL betting odds used for this hockey parlay bet are current as of Wednesday, March 20, and are courtesy of DraftKings Sportsbook.
Best NHL Parlay Today
Top NHL Parlay (+450)
- Capitals +1.5 (-205) vs Maple Leafs
- Stars -1.5 (-115) vs Coyotes
- Wild @ Kings: Under 5.5 Goals (-102)
The Capitals are rolling head first toward a playoff spot with three straight wins that has boosted them into the second wild card in the Eastern Conference. Washington is 17-15 against the moneyline at Capital One Arena and is 6-2 against the puck line in its past eight home games.
The Leafs lost by a goal Tuesday in Philadelphia, and despite their 20-14 moneyline road record, are 1-4 against the puck line in their past five road games.
The Stars have been their usual dominant selves over the past two weeks with six wins in their past eight games and four by at least two goals. Even though they’ve won two straight, the Coyotes have lost 18 of 23, with 14 of those defeats coming by at least two goals.
The Wild have been stingy, especially of late, allowing just 10 goals in their past seven games. Minnesota is 14th in away goals-against per game (3.09) and is only scoring about three per game on the road too.
The Kings have been great at suppressing goals all season, ranking third in the NHL in goals-against per game (2.57). LA has been especially stingy at home of late, surrendering just 19 goals in its past nine games at Crypto.com Arena (2.11).
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How NHL Parlay Betting Works
Parlay betting is one of the most fun ways for sports fans to wager.
Combining multiple outcomes in a single bet is a way to get more lucrative odds and bigger payouts. There is added risk since funny things can happen, but with that extra risk comes the potential for huge payouts.
Here’s a look at how hockey parlay betting works.
Best NHL Parlay Bets
There are a few different versions of parlay bets that NHL wagerers can place. Here’s a look at each.
Multi-Leg Parlays
Multi-leg parlays, or traditional parlays, are the most well-known version. In a parlay bet, a bettor will combine multiple outcomes in a single wager, and each outcome, or “leg,” will need to hit for the entire bet to be successful.
Parlays carry longer odds and bigger payouts as you add legs because it’s hard to predict what will happen in multiple events. But if you want to take that chance, you can parlay NHL moneyline bets, totals, or puck lines.
Same Game Parlays
Same Game Parlays are a relatively new development in the sports betting space and are a hallmark of online sports betting.
Invented by FanDuel Sportsbook in 2018 and standardized by other legal online sportsbooks, Same Game Parlays are when a player combines multiple legs from one game with the hope they will all hit.
Some popular betting markets for same-game parlays include moneylines, totals, and player or game props.
Round Robins
A round robin is a parlay that allows users to combine wagers but offers a payout even if all legs don’t hit.
A bettor will add multiple legs to a round robin and then determine how many outcomes they want to consider.
For instance, there could be as many as six potential outcomes in a four-leg round robin or as few as two. Some popular round robins have nicknames like the Yankee, a four-leg round robin that accounts for each of the six two-leg parlays, two three-leg parlays, and the overarching four-leg parlay.
The bettor must include an added multiplied stake depending on how many outcomes are available.
Round robins may seem confusing, but they can be a good way to win some money back if your three- or four-leg parlay falls one leg short, as has been known to happen.
NHL Parlay Betting Strategy
My preferred NHL parlay betting strategy focuses on keeping stakes small, especially since things can get a bit crazy in hockey on a night-to-night basis.
The likelihood of a 10-leg parlay hitting is extremely low, though that doesn’t stop people from trying. However, if you want to make a consistent profit betting NHL parlays, you should stick to three or four legs per play.
Seek out data to find the legs most likely to hit, target favorable matchups in uneven scheduling spots (back-to-backs, etc.), and be sure to research starting goaltenders.
There’s no worse feeling than a heavy favorite coming out with a backup netminder and ruining your parlay.
As always, set a limit, wager responsibly, and have some fun, especially when betting on the chaotic nature of regular-season hockey.