Pittsburgh Penguins

The Pittsburgh Penguins are thought of as one of the most distinguished and accomplished teams in the National Hockey League (NHL). They have been a part of the league since 1967, when the NHL experienced its inaugural expansion. With five Stanley Cup championships to their name, the Penguins have firmly established themselves as a highly successful franchise.

The Penguins’ history is replete with unforgettable moments and iconic players, including Jaromir Jágr, Mario Lemieux, Evgeni Malkin, and Sidney Crosby. The team’s supporters are among the most fervent and committed in the NHL, unwavering in their allegiance to the Penguins through thick and thin.

If you’re an ice hockey fan or just looking to place a wager on the sport, the Pens should definitely be on your radar in 2023. To help ease you into the sometimes overwhelming world of sports betting, we’ve created this comprehensive guide. Read on to learn everything you need to know to make an informed decision when it comes to betting on the Penguins.

Pittsburgh Penguins Betting Odds — Types of Bets

Canadian sportsbooks feature an array of options for betting on the Pittsburgh Penguins. Understanding the various profit opportunities is essential to making good wagering choices.

Moneyline

The moneyline is a straightforward type of bet that involves predicting the outright winner of a game or match. Each team is assigned odds, with the favourite given a negative number and the underdog a positive one. You have to wager more money on the favourite to win a smaller amount, while a smaller wager on the underdog can result in a larger payout.

For example, the odds for a match between the Ottawa Senators and the Pittsburgh Penguins may look like this:

• Pittsburgh Penguins -165 (1.61)
• Ottawa Senators        +135 (2.35)

If you bet on the Pens with these odds, you’ll have to wager $165 to win $100 since they are the favourites. On the flip side, if you wager $100 on the Senators, you can win $135, provided that they win.

Puck Line

A puck line bet in ice hockey involves a point spread that gives the underdogs an advantage and levels the playing field. To win the bet on the favoured team, they must win by a margin greater than the puck line, typically set at 1.5 goals. By the same token, for the wager on the other team to be successful, they can either win outright or lose by less than what the puck line indicates.

In a match between the same teams as above, the puck line odds would be:

• Pittsburgh Penguins -1.5 +130 (2.3)
• Ottawa Senators +1.5 -150 (1.67)

If you bet on the Pens, your puck line will be successful in case they win by two or more goals. Conversely, if you place a wager on the Senators, you will make a profit if they beat the Pens or lose by less than the puck line.

Totals (Over/Under Bets)

A totals bet involves placing a wager on the cumulative score of the game, as opposed to selecting the winner. The sportsbook establishes a line for the total number of points anticipated to be scored, and you can bet on whether the final score will be higher or lower.

To illustrate, here is another example involving the Pens and the Senators:

• Over 6.5 -120 (1.83)
• Under 6.5 -103 (1.97)

With odds like these, if you wager $120 on the over outcome and the combined score is more than 7, you will win $100. You can win the same amount of money if you bet $103 on the under and the combined score is 6 or less.

Futures

As the name suggests, a futures bet is a wager you place on a specific outcome of a future hockey event. For instance, you can bet on the Penguins to clinch a division or conference title or to win the Stanley Cup. You can also bet on more niche events, such as which player will win the Conn Smythe Trophy or other notable awards.

You can place futures bets before or during the season — even during playoffs. The earlier you place the bet, though, the more lucrative your payout will be; however, it will also be more difficult to predict the outcome.

Pittsburgh Penguins Props

In hockey, props bets allow you to place wagers on specific occurrences that may happen during a game. These types of bets can include anything from predicting the total number of goals scored by a certain player to the outcome of the first face-off or the total number of shots on goal by a team.

Props bets offer a fun and distinct way to participate in the game beyond conventional bets like moneylines or point spreads. However, they can pose quite a risk because it’s difficult to predict such specific occurrences.

Live Betting

Hockey live betting involves wagering on various outcomes, such as which team will score the next goal, who will win the period or the game, how many goals will be scored, and more while the game is underway.

Live betting odds are continuously adjusted based on the current score, time remaining, and other variables. It can be an exciting way to bet on the Penguins, provided that you don’t give in to the urge to make impulsive bets.

Parlays

Parlays are high-risk, high-reward wagers that allow you to combine several individual bets into a single one. Each individual bet, also known as a leg, must win for the entire parlay to succeed. Since the odds of this happening are quite low, the payouts can be substantial.

Parlay bets let you combine different types of bets, such as moneylines, point spreads, and totals, into a single slip. They are more suitable for experienced bettors chasing the thrill.

Who Has the Best Odds on the Pittsburgh Penguins?

The Canadian online sports betting market is filled with operators constantly competing for bettors’ attention. Because of that, there isn’t a single site that always offers the best odds on the Pittsburgh Penguins.

Therefore, your best bet is to conduct some research, register with several sportsbooks, and compare their offerings. You can start by looking at the notable sportsbook brands and comparing the odds for different types of bets.

In addition to that, make sure to look out for any exclusive deals or promotions. These, in addition to the competitive betting odds, will help you maximize your bankroll and get more out of your wager.

Pittsburgh Penguins History

The Pittsburgh Penguins boast an illustrious history of triumphs, having secured five Stanley Cup titles with the help of numerous Hall-of-Famers. The likes of Jaromir Jágr, Mario Lemieux, and Sidney Crosby have spearheaded the team with their exceptional on-ice talents.

At the beginning of the 1990s, the Pens etched their name in the history books by winning two back-to-back Stanley Cup finals. Namely, in 1991, under the leadership of coach Bob Johnson, they clinched the title without home-ice advantage in any playoff round and went on to win the following season, as well.

Lemieux, who was the captain at the time, retired after the 1997 playoffs. The team entered a rough patch in the ensuing period and was forced to file for bankruptcy in 1998. Luckily, the following year, Lemieux jumped in to save his team from inevitable doom.

He converted more than $30 million the franchise owed him into equity, thus becoming the team’s owner. The former captain also returned from retirement in 2000, which made him the first NHL player to own a team while playing for it.

The following years saw the Penguins undergo various modifications. This includes the addition of notable players, such as Sidney Crosby and Evgeni Malkin, whose contributions have been instrumental in the team’s recent achievements. Under their leadership, the Penguins secured three more Stanley Cup championships in 2009, 2016, and 2017.

Following the departure of goaltender Marc-André Fleury to the Vegas Golden Knights in the 2017 NHL Expansion Draft, the Penguins have experienced a series of highs and lows. Despite the setback, they qualified for the playoffs for three consecutive seasons and even won the East Division title in 2021, marking the longest active streak in North American sports.

Throughout this period, the team underwent significant changes, such as the appointment of Ronald Hextall as their new general manager and Brian Burke as the president of hockey operations. Later in 2021, the Fenway Sports Group announced its plans to assume majority ownership of the franchise — a deal that was finalized on December 31 of the same year.

How to Find the Pittsburgh Penguins Betting Odds and Place a Bet

Once you’ve chosen a sports betting site you’d like to use, you can follow these steps to make a bet on the Pittsburgh Penguins:

1. Complete the registration process and deposit some money into your new account.
2. Select NHL from the list of leagues and browse the available games.
3. Pick a desired Penguins match.
4. Choose from the list of available betting options.
5. Click on the odds to add the bet to your bet slip.
6. Enter the wager amount and place your bet.

FAQ

Is it legal to bet on the Pittsburgh Penguins in Canada?

Yes, it is. You can bet on the Pittsburgh Penguins in Canada through authorized sports betting operators. However, you have to shop around to find the best offers, as different bookies feature different odds.

What are the different types of bets I can place on the Pittsburgh Penguins?

Canadian sportsbooks let you make all of the most popular types of bets. This may include props, totals, moneylines, futures, live bets, puck lines, and more.

What sportsbook offers the best odds on the Pittsburgh Penguins?

There is no single sportsbook that offers the best odds on all Penguins games. To find the best odds for a specific market, you have to do some research by signing up with different operators and comparing their odds.