NHL Bet Value Calculator
Calculate your real bet value before you wager. Enter your stake amount and the American odds to see your potential payout, profit, and implied probability.
All calculations are for informational purposes. Actual payouts may vary slightly by sportsbook.
How American Odds Work
American odds use a baseline of $100. A -150 favourite means you wager $150 to win $100 in profit. A +130 underdog means a $100 wager wins $130 in profit. Every AGCO-licensed Ontario sportsbook displays American odds by default, though you can switch to decimal format in your account settings.
Reading NHL Odds
In NHL betting, you'll see American odds on moneylines, puck lines, over/unders, and player props. A Leafs moneyline at -180 means they're expected to win — you'd wager $180 for a $100 return. The opposing team might be +155, meaning a $100 wager returns $155 in profit if they pull the upset. Puck line odds work the same way but with a 1.5-goal spread factored in.
Implied Probability Explained
Implied probability converts odds into a percentage chance of winning. A -150 favourite has an implied probability of about 60% — the sportsbook believes that outcome will happen roughly six out of ten times. Understanding implied probability helps you identify value: if you believe a team has a 70% chance of winning but the implied probability is only 60%, that's a value bet.