Crypto Betting On Hockey Moneylines: Placing Moneyline Match Bets With Cryptocurrencies

Hockey, much like baseball, is known for its low-scoring games, which makes it an ideal sport for moneyline betting. In hockey, the influence of key players, particularly goaltenders, can significantly impact the game’s outcome. A great performance from a goalie can completely alter the flow of the game, giving one team a crucial edge.

Additionally, hockey is a fast-paced sport where the outcome often hinges on a single moment or play, such as a game-winning goal or a critical defensive stop. This unpredictability not only keeps fans on the edge of their seats but also adds an extra layer of excitement for bettors.

A single goal can be the difference between winning or losing, making each bet an exciting experience. Because of these dynamics, moneyline betting on hockey is especially appealing, as it offers bettors the chance to capitalize on close matchups and unpredictable outcomes.

What is Moneyline Betting on Hockey?

Moneyline betting on hockey involves placing a bet on which team will win a specific game outright. This bet is straightforward, focusing solely on picking the game’s winner, without considering other factors like goal margins or total goals scored. It’s a popular choice because it is easy and it provides a clear outcome.

How Does Moneyline Betting Work?

In moneyline betting, each team is given odds that reflect their likelihood of winning the game. These odds are shown as either positive (+) or negative (-) numbers:

• Negative Odds (-150): Indicates the favorite. For example, if you bet $150 on a team with -150 odds, you win $100 if that team wins the game.
• Positive Odds (+200): Indicates the underdog. If you bet $100 on a team with +200 odds, you win $200 if that team wins the game.

The odds determine your potential payout. Favorites have lower odds because they are more likely to win, while underdogs have higher odds due to their lower chances of winning.

Benefits of Using Bitcoin for Moneyline Betting on Hockey

1. Faster Transactions: Bitcoin transactions are processed much quicker than traditional banking methods. This allows for quick deposits and withdrawals, which is good for placing bets on hockey games.
   
2. Enhanced Privacy: Betting with cryptocurrencies like Bitcoin or Ethereum offers greater privacy. Transactions are often anonymous, protecting your personal information and betting history.
   
3. Lower Fees: Bitcoin transactions usually incur lower fees compared to traditional payment methods. This means you keep more of your winnings, as crypto transactions don’t include the fees that are normally charged by using credit cards or doing bank transfers.
   
4. Global Access: Bitcoin are not restricted by country-specific regulations, making it easier to access international sportsbooks. This can provide better odds and a wider range of betting markets for hockey games.
5. Exclusive Bonuses: Many sportsbooks offer special promotions and bonuses for bettors who deposit with Bitcoin. These can include better odds, deposit bonuses, or risk-free bets to give you a bit of extra cash in your pocket.

Popular Cryptocurrencies for Hockey Betting

Bitcoin (BTC): The most popular and widely accepted cryptocurrency, known for its high liquidity and extensive sportsbook acceptance.

Ethereum (ETH): Popular due to its fast transaction speeds and lower fees, making it a popular choice for bettors.

Litecoin (LTC): Also, popular due to its quick transactions and low fees.

Ripple (XRP): Ripple is one of the up-and-coming cryptocurrencies which many bettors use due to its low fees and fast processing of transactions.

How to Place a Moneyline Bet with Bitcoin

1. Choose a Crypto-Friendly Sportsbook: Choose a reputable sportsbook that accepts Bitcoin and offers competitive odds on hockey games.
   
2. Make a Deposit: Use your chosen cryptocurrency to add money to your betting account. Follow the sportsbook’s instructions for making a crypto deposit, which usually involves sending funds to a provided wallet address.
   
3. Place Your Bet: Go to the hockey section of the sportsbook and select the moneyline option for the game you want to bet on. Enter your stake and confirm the bet.
   
4. Monitor Your Bet: Track the progress of the game and your bet.
   
5. Withdraw Winnings: If your bet wins, you can withdraw your winnings in cryptocurrency. Follow the sportsbook’s withdrawal process to transfer your funds to your wallet.

Example of a Moneyline Bet on Hockey

Imagine a hockey game with the following moneyline odds:

Toronto Maple Leafs -130

Boston Bruins +150

If you place a $130 bet on the Toronto Maple Leafs with -130 odds, you will win $100 if they win the game (plus your original $130 stake). If you bet $100 on the Boston Bruins with +150 odds, you will win $150 if they win the game (plus your original $100 stake).

Moneyline Betting Strategies for Hockey with Bitcoin 

Our tips below will discuss the advantages of using Bitcoin to place your bets and hopefully give you the upper edge:

Analyze Team Performance: Review each team’s recent performance, including their form in previous games, player injuries, and overall team dynamics. Assess how these factors might impact their chances of winning.

Monitor Odds Movements: Track how moneyline odds shift leading up to the game. Significant changes can indicate new information about team conditions or betting market dynamics.

Consider Home and Away Records: Teams often perform differently at home versus when they are on the road. Have a look at how well they generally do when they play matches at home versus away games.

Evaluate Special Teams Performance: Pay attention to a team’s performance on special teams (power plays and penalty kills). Teams with strong special teams often have an edge in close games.

Accept Bonuses and Promotions: Make use of cryptocurrency-specific bonuses and promotions offered by sportsbooks to give you a bit of extra money in your pocket to play with.

Risks and Things to Consider 

Of course, there is always an element of risk with any kind of sports betting and betting on Hockey with crypto is no different. Below are a few things we suggest you take into consideration before placing any bets.

Volatility of Bitcoin: Bitcoin can be highly volatile, which can affect the value of your stake and winnings. Be mindful of market fluctuations when betting with crypto.

Security Concerns: Ensure you use reputable sportsbooks like those listed here at GOSUBETTING, and secure wallets to protect your money from potential fraud or theft.

Regulations: Cryptocurrency betting regulations vary by country. Make sure you comply with local laws and understand the legal aspects of using crypto for sports betting. Don’t open yourself up to anything illegal. Make sure the country you live in, does allow placing bets on sportsbooks and the use of cryptocurrencies too.

Our Thoughts On Moneyline Betting on Hockey with Bitcoin

Moneyline betting on hockey with Bitcoin offers an easy way to place bets. With benefits such as faster transactions, privacy, and potential bonuses, using crypto for moneyline bets can be a very entertaining experience, and hopefully a profitable one too. By reading this guide and implementing the tips we have mentioned, you can improve your chance of success.

Frequently Asked Questions

Our experts have posted some frequently asked questions below to help you get started:

• What is moneyline betting in hockey? +
  Moneyline betting in hockey involves simply picking which team will win the game. Unlike point spreads you only need to choose the outright winner, making it one of the easiest types of bets to place.
• How does using Bitcoin improve my moneyline hockey bets? +
  Bitcoin allows for faster transactions, lower fees, and more privacy compared to traditional payment methods. Many sportsbooks offer exclusive crypto bonuses or promotions, to give you some extra money.
• Are there any special considerations when moneyline betting on hockey? +
  Yes, hockey games are normally low-scoring, and the influence of goalies is significant. The game’s outcome can often depend on one or two key players, so it’s important to do your research on the team itself, the goalie’s performance and the other players in the team.
• How does overtime affect moneyline bets in hockey? +
  In most cases, moneyline bets on hockey include overtime and shootouts, meaning your bet applies to the final outcome of the game, whether it’s settled in regulation, overtime, or a shootout.
• Can I bet on both teams in a hockey moneyline bet with Bitcoin? +
  Yes, you can place moneyline bets on both teams, but this strategy is usually risky unless there’s a significant odds difference. It’s better suited for bettors looking to hedge their bets in a live betting scenario.
• What are the advantages of using Bitcoin or other cryptocurrencies for hockey betting? +
  Using Bitcoin or other cryptocurrencies allows for quicker deposits and withdrawals, often without the traditional banking delays. It also provides anonymity and may offer better bonuses on certain betting platforms.
• How do sportsbooks set moneyline odds for hockey? +
  Sportsbooks set moneyline odds based on several factors, including team performance, injuries, previous matches, and goalie performance. Favorites will have lower odds, while underdogs will have higher odds, reflecting their chance of winning.
• Are there Bitcoin bonuses for moneyline betting on hockey? +
  Yes, many online sportsbooks offer Bitcoin promotions, such as deposit bonuses or free bets, that can be used for placing moneyline bets on hockey using Bitcoin.
• Is it safe to bet on hockey with Bitcoin? +
  Yes, betting with Bitcoin is safe as long as you use reputable sportsbooks with proper licensing and strong security measures in place. Ensure the platform you choose supports cryptocurrency and offers secure transactions.
• What strategies can I use for moneyline betting on hockey with Bitcoin? +
  Some effective strategies include focusing on goalie performance, betting on teams with momentum, and tracking recent head-to-head matches. Using Bitcoin also allows for more flexibility in betting sizes when placing hockey moneyline bets.