Edmonton Oilers Odds: Oilers Betting Strategy & Stats

Betting on Edmonton Oilers isn’t any different from other hockey teams. The team participates in several matches in a calendar year.

You can bet on traditional Edmonton Oilers betting lines like the moneyline, puck line, and total (over/under). Player props, futures, handicaps, and parlay bets are also available. All you need is a trustworthy sportsbook with markets on Edmonton Oilers hockey matches.

The club plays in the National Hockey League and competes for various trophies, including the Western Conference Championship and the Stanley Cup. In this section, we uncover the betting markets, bet types, odds (how to read them), betting strategy, NHL format, and more:

Betting markets are the outcomes you can predict. The Edmonton Oilers are a hockey team, so you’ll find odds on various hockey markets. Here are the popular Edmonton Oilers betting lines:

Moneyline

The moneyline is a traditional market that involves betting on the winner of a hockey match. You can back the favourite or underdog. The favourite is more likely to win the game, and bookmakers provide the least money for backing them. The underdogs are more likely to lose, so bookmakers provide higher odds to incentivize bettors. Some games have huge favourites, while others involve teams with near-equal strengths. Here's an example of an NHL game between the Edmonton Oilers and Toronto Maple Leafs:

• Maple Leafs -128
• Oilers +106

In this example, the Toronto Maple Leafs are the favourites, while the Oilers are the underdogs. Backing the Maple Leafs will reward you $100 if you bet $128 and the team wins. Meanwhile, backing the Oilers will reward you $106 when you bet $100, and they win.

Puck Line

The puck line, point spread, or just spread. It can also be considered a handicap. A puck line market allows you to bet on the goal variation between the teams. Here’s an example:

• Maple Leafs -1.5 (-230)
• Oilers +1.5 (-228)

In this example, Maple Leafs must score at least 1.5 goals more than the Oilers to cover the spread. Since there’s no .5 goal, the Toronto team must achieve at least 2 goals more, like in a 4-2 or 7-4 score line.

If that happens, you can win $100 from a $230 bet. Meanwhile, you can back the Oilers against the spread to make $100 from $228. The Oilers must avoid losing the match by more than 1.5 goals. This means they can win or lose the game by 1 goal to deny Maple Leafs from covering the spread.

Total (Over/Under)

The total market involves betting on the combined aggregate of the goals scored by both teams. For instance, the Maple Leafs and Oilers game ended 7-4, a total of 9 goals. Bookmakers can set a specific threshold and offer odds for the total goals exceeding or falling short of the threshold. Here's an example:

• Over 7.5 (-104)
• Under 7.5 (-222)

In this example, you can back the game to yield 8 goals or more. You'll make $100 from a $104 bet. You can also back the match to produce 7 goals or less. If so, you'll win $100 from a $222 bet. The total bet is usually on the score line, but you can find it within player and match props. For instance, you can bet on whether one team will score over/under a specified threshold.

Props, Futures & Parlays

Prop bets are popular in hockey, just like in basketball, football, soccer, and other sports. The market involves betting on smaller outcomes in the match. Examples include double chance (win or draw), team to score first, total team goals scored (over/under), player to record the most points, and more.

Futures are any markets with a future outcome. A fitting example is betting on who will win the Stanley Cup Finals at the end of the playoffs. You can also bet on future props, like the player to win a specific trophy.

Parlay bets are a type of bet involving two or more markets on the same slip. For instance, you can bet on Oilers to win the match and the game to result in over 7.5 goals in the same slip. Parlays can also feature markets from two or more matches. Seasoned punters use parlays to boost their odds and get bigger payouts from their slips. A parlay is a multi-bet, the opposite of a single bet (one outcome in the slip).

Whether you’re betting on Edmonton Oilers odds to win the Stanley Cup (future) or the moneyline in their upcoming match, we've got you covered. Edmonton Oilers betting odds come in unique formats depending on the market.

The odds for the Edmonton Oilers to win the cup is +900. You can bet $100 and win $900 if Edmonton wins the Stanley Cup. The bigger the number, the less likely the team will win the cup. For instance, Seattle Kraken's odds to win the cup is +3400.

Next up are the moneyline odds we discussed above. In the example, the Oilers odds against Maple Leafs were as follows:

• Maple Leafs -128
• Oilers +106

The minus (-) sign implies the team is the favourite to win, while the plus sign implies the team is the underdog. The minus sign also means the amount denotes how much you must bet to make $100, while the plus sign denotes how much you'll win from a $100 bet. In this case, you need to bet $128 to win $100 backing Maple Leafs, while you need $100 to win $106 backing the Oilers. Let's look at the Edmonton Oilers odds on the puck line:

• Maple Leafs -1.5 (-230)
• Oilers +1.5 (-228)

The plus and minus signs before the 1.5 denote the underdog and favourite, like in the moneyline. However, 1.5 indicates the number of goals. For the Maple Leafs to win this bet, they must score 2 goals more than the Oilers.

If you bet on the Oilers instead, they mustn't lose the game by more than 1 goal against the Maple Leafs. The minus sign before the bracket numbers (-230, -228) denotes how much you must bet to make a $100 profit. Let's also check out the total bet:

• Over 7.5 (-104)
• Under 7.5 (-222)

Over implies you're backing the match to produce more than the set number of goals (7.5), while under means you're backing the game to result in fewer goals than the threshold. You can win the over bet if the game produces 8 or more goals and the under bet if the goals are 7 or fewer. The bracketed figures (-104, -222) denote the vig or how much you must wager to win $100 on the line.

Edmonton Oilers players compete for various trophies and awards within a calendar year. Popular trophies include Hart, Vezina, Norris, Rocket Richard, and Jack Adams Awards. You can combine these futures with your Stanley Cup betting odds, and nearly all top-rated sportsbooks feature NHL awards action.

Here's a look at who picked up an award in the Edmonton Oilers camp:

Hart Memorial Trophy

The Hart Trophy is given to the MVP (most valuable player) of the NHL. After 82 regular season games, the Edmonton Oilers' very own Conor McDavid took home the Hart Trophy in 2023. He was the bookmaker's favourite at -10000, trailed by Boston's David Pastrnak at +5000. Conor had an unbelievable season and took home this trophy.

Vezina Trophy

The Vezina Trophy is given to the best goalkeeper of the season. Edmonton Oilers ended the season with the best goal difference in the Pacific Division but conceded 260 goals, more than four other teams in the division. Their goaltending positions are far from the Vezina Trophy, which is unsurprisingly going to the Eastern Division. Boston Bruins' goalkeeper Linus Ullmark is expected to win the trophy after conceding 177 goals all season.

Norris Trophy

The James Norris Memorial Trophy is reserved for the best overall defensive player in the NHL. It's a challenge to make a case for any of the Oilers' defensive players clinching the Norris Trophy given none of them eclipsed 100 points. That award will go to Erik Karlsson of the San Jose Sharks. Karlsson demonstrated the best overall defensive display of the season, playing 82 games, scoring 25 goals and providing 76 assists.

Rocket Richard Trophy

The Rocket Richard Trophy was decided not long ago and will remain in Edmonton until someone else takes it from Conor McDavid. The Oilers' player scored the most goals in the NHL season (64) and the most assists (89) in a historic season where he amassed 153 points. His teammate Leon Draisaitl trails him at 128 points. McDavid also won the Art Ross Trophy for the most points in the league.

Jack Adams Award

Edmonton Oilers coach Jay Woodcroft won't be in line for the Jack Adams Award this year, as that trophy will go to the Boston Bruins. Jim Montgomery was the bookmaker's favourite at -1000 to clinch the trophy after another inspiring season. The Bruins topped the Eastern Conference Atlantic Division with an amazing 135 points, scoring 305 goals and winning 65 of their 82 games.

The Oilers fought fiercely in the Pacific Division but ended their season second behind the Golden Knights. This means the Oilers made it to the playoffs and had a good chance of winning the Stanley Cup after edging the Kings in the first round. The Oilers will met the Western Conference winners, Golden Knights, in the second round. Let's look at the team's projection, including the Edmonton Oilers odds of winning the playoffs and cup:

• Stanley Cup

Edmonton Oilers had “Dynasty Years” in the 80s and won five Stanley Cups between 1983 and 1990. However, the team has failed to regain its might and come second on various occasions. After finishing second in the Pacific Division, the Oilers made it to the playoffs and  hoped to turn their fortunes.

However, the team was drawn against the Golden Knights, who won the division and conference titles. It was hard to predict a win for the Oilers based on recent outcomes in the cup, but anything could happen. The Golden Knights were now the favourite at +450 to win the Stanley Cup after the Panthers knocked the Boston Bruins (pre-playoff favourites) out in the first round.

• Presidents’ Trophy

The 2023 Presidents' Trophy was awarded to the Boston Bruins, who set the NHL record for wins and points for the regular season. Nearly all NHL betting sites predicted the Bruins to win the Stanley Cup, but the Presidents' Trophy is all they have to contend with this season.

For the Edmonton Oilers, the race for the Stanley Cup ended in the second round, so the team will focus on next year's President's Trophy. The Oilers will also hope to contend for the 2024 Division and Conference championships which eluded them narrowly this season.

Whether you’re betting on Edmonton Oilers odds to win series or the Stanley Cup, you should have a strategy in place. Start with trustworthy Canadian sports betting sites. Leading sportsbooks have a valid license, top security features, and strict privacy policies. You can also review the bonuses and promotions, customer service, odds, and banking convenience. Here are some strategies for Edmonton Oilers betting in Canada:

• Get The Most Out of Your Bonuses

Bonuses and promotions are inseparable from modern sportsbooks. The best sports betting sites offer various bonuses, including no-risk first bets, no-deposit bonuses, welcome deposit bonuses, reload deals, free bets, cashback, and more. You can take advantage of bonuses to bet without risking your money. For instance, a no-risk first bet offers you a free refund of your first bet if you lose it. No-deposit bonuses give you free bets before you deposit funds into your account.

• Find The Most Competitive odds

Edmonton Oilers odds are the most crucial part of betting. Some sportsbooks offer competitive odds on specific markets, so you can win more money on the same lines. Review Edmonton Oilers Vegas odds and check out our top-rated sportsbooks for odds boosts. The goal is to shop for odds and find bookmakers offering more on the same betting markets. One bookmaker may have the best futures and prop odds, while another may provide better moneyline and puck line odds, so keep comparing.

• Keep Tabs on Team News

One of the best NHL betting strategies is following the teams. You can only bet adequately when you understand the dressing room dynamics, head-to-head results, history and competition. Key players can get injured during training or catch a cold. Family issues, disputes with managers, club owners and contracts can also impact performance. You should keep tabs on all news from the club to make informed decisions about their performances and outcomes.

Understanding the NHL format is the first step to learning how to bet on Edmonton Oilers games like a pro. The NHL has two conferences, Western and Eastern, each with two divisions. The Western Conference divisions include Central and Pacific, while the Eastern divisions include Atlantic and Metropolitan.

Each division has eight teams. The Edmonton Oilers are from the Western Conference, in the Pacific Division. The team competes with seven other hockey teams during the regular season, playing 82 matches to determine who clinches the division. The leaders of the two divisions then meet to determine who clinches the conference title. The Edmonton Oilers emerged 2nd in their division and failed to win the division and conference titles.

NHL Playoffs Format

The playoffs feature 16 teams, 8 from the east and 8 from the Western Conference. The first three teams in each division get automatic seeding, leaving two more seeds in the conference. These two spots are given to any two teams with the best records, meaning they can come from the same division.

Winners of each division get the top two seeds in the playoffs. There are four rounds (first, second, Conference Finals, and Stanley Cup Finals). In the first round, division leaders meet wild-card teams, while the 2nd and 3rd teams in the divisions play each other.

The second round involves winners of the respective division matches battling it out. Winners from the divisions meet in the Conference Finals to determine who wins the conference title. Winners of the Conference Finals then meet each other in the Stanley Cup Finals to fight for the most prestigious cup in professional hockey.

Betting on the Edmonton Oilers is easy. All you need is a trustworthy sports betting site. You can sign up, claim risk-free bonuses, fund the account, find matches, compare markets and place your slip. Here's an overview of the top bookmakers offering Edmonton Oilers betting opportunities and NHL betting in general: 

• Sports Interaction
• Bet99
• Betway
• BetMGM
• 888sport
• BetVictor

Betting features can make your experience more exciting and convenient. Leading sportsbooks and betting apps offer many features, including live betting, live streaming, early cash-out, odds boosts, parlay builders, newsfeeds and more. Here's an overview of the top Edmonton Oilers betting features:

• Live Betting - Live or in-play betting involves wagering on the fluid odds of ongoing matches. Instead of pre-match odds, you can wait for the match to start and leverage opportunities that arise during the game. Live betting offers flexible odds based on how the match is panning out.

• Live Streaming - Live streaming has become a mainstream feature in modern sportsbooks. It involves streaming events live as they happen. You can use the feature with live betting to take advantage of in-game opportunities. All bookmakers in our list offer live streaming across desktop and mobile devices.

• Cash-Out - The cash-out feature allows you to get some money back from your bet slip before the game ends. If you have multiple markets/bets on your slip and some have already been played, you can cash out part of your winning before the other games are played.

• Odds Boost - Odds boosts aren't betting features per se but they are worth mentioning. Some sports betting sites offer boosts when you bet on specific hockey matches or combinations. Higher odds and boosts translate to higher payouts on the same betting lines.

• Parlay Builders - A parlay bet refers to two or more markets on a bet slip. You can build same-game parlays or take markets from different matches. Some bookmakers offer convenient parlay builders and bet builders to help you with the process. The builders may also come with odds boosts.

With so many NHL betting sites available for the modern punter, finding one should be easy. However, choosing a trustworthy site requires careful consideration. We use thorough criteria to examine all crucial aspects encapsulating the hockey betting experience. Here are the main things we check:

• Valid Sports Betting License

The first thing we review about sports betting sites for Edmonton Oilers betting is licensing. We only rank websites and operators with a valid gambling license from Canada or other credible jurisdictions like the UK and the US. Popular licensing authorities include the iGO (Ontario), Kahnawake Gambling Commission (KGC), UK Gambling Commission (UKGC), Malta Gaming Authority, and Curacao Gaming Commission.

• Security and Privacy Features

The best NHL betting sites offer top-notch security to protect punters from cybersecurity threats like fraud, ID theft, hackers, and malware. We look for sportsbooks with the latest SSL Certificates, 24/7 antivirus sweeps, strict privacy policy, and clean track record (zero breach history). Our team also reviews player testimonials and complaints.

• NHL Coverage & Events

Leading sports betting sites offer comprehensive coverage of NHL events, including pre-season friendly matches, regular season events, and post-season playoffs. We examine the sportsbook for NHL matches to find platforms that let you bet on all professional hockey events in the calendar. Our team also looks for hockey games from other countries to supplement NHL betting.

• NHL Markets and Odds

The markets and odds are everything when it comes to betting and is significant in how we rank hockey betting sites. The best bookmakers offer the usual markets, including the moneyline, puck line, and total (over/under). They also feature props (match, player, team), single bets, multi-bets, parlays, futures, handicaps, and more.

• NHL Betting Bonuses

Bonuses and promotions can make your gambling experience more exciting and fruitful. Nearly all bookmakers feature bonuses, but not all deals are worth claiming. We review the bonus terms and conditions to identify generous deals with low wagering/playthrough requirements. Our team also explores bonus variety, including welcome packages, cashback, reload, VIP perks, and free bets.

• Banking & Customer Service

You need sportsbooks with convenient and fast banking options. We look for standard payment methods, including cards, eWallets, bank transfers, prepaid cards, and cryptocurrencies. Our team also reviews the payout speed, fees and other terms. We also prefer sportsbooks with multiple communication channels, including 24/7 live chat, email, telephone, FAQs, and on-site links.

Before exploring Edmonton Oilers odds, you must open an account with any of the top sportsbooks. Opening a betting account is easy and takes a few minutes. Here are the steps involved:

• Launch Registration Page: Visit the sportsbook of your choice, such as Sports Interaction, and click on the SIGN-UP button. You can also download the mobile app, install it on your device, and click the SIGN-UP button to launch the registration page.
  
  
• Enter Your Details: Sportsbooks require basic information, including username, email, and password. The sportsbook will also request your ID details (name, address, and date of birth). Make sure you provide accurate information to prevent issues during ID verification when making a withdrawal.
  
  
• Verify The Account: Visit your email and click on the verification link sent from the bookmaker. This will redirect you to your sports betting account, where you can complete registration and make your first deposit.
  
  
• Deposit & Bet: Once you have a verified account, navigate to the banking section, click on deposit and fund your account. Consider claiming bonuses, then explore the hockey betting markets to place your bet. You can also reach customer support if you encounter problems.

The Edmonton Oilers are an NHL team that was founded in 1971. The team hails from Edmonton, Alberta and participates in the NHL from the Western Conference Pacific Division. The Edmonton Oilers have won several cups and trophies over the years but are suffering their worst drought. The team has won 5 Stanley Cup titles, the last of which came in the 1989-90 season.

They also won the NHL League Championship in 1983-84 and the Presidents' Trophy in 1986-87 and 87-88 seasons. Other trophies in their cabinet include the Clarence S. Campbell Bowl (7 times) and several player trophies, including Art Ross, Hart Memorial, Jack Adams, and James Norris. Players have also been picked for the All-Star Team several times.

The Oilers were in contention for the 2023 Stanley Cup after qualifying for the playoffs. They were strong favourites after the Bruins were eliminated in the first round. The Oilers have been competing in the NHL since 1979 and are known to finish high in the Pacific Division.

Top Players

The Edmonton Oilers team comprises 51 players with notable names like Leon Draisaitl (Center), Connor McDavid (Center), Evan Bouchard (Defenseman), Wayne Gretzky (Center), and Ryan Nugent-Hopkins (Center).

Connor McDavid is the top player in the dressing room this season after recording a 153-point season and winning the Art Ross and Rocket Richard trophies. He was the season's leading scorer and assists provider. Leon Draisaitl came second in the top scorer's leaderboard after recording 128 points.

The two players have also won various trophies in previous seasons and were the most impactful this term. Edmonton faithful will hope they can continue their good form next season to bring home the Stanley Cup after decades of drought.