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ARB218: Mismatched payout rules – ice hockey arbitrage

As mentioned in a previous lesson, not all bookmakers have the same bet payout rules, and arbing between two bookmakers with opposing payout rules can be risky. Ice hockey is one of those sports where mismatched rules exist across sports bookmakers.

The mismatched payout rules in ice hockey relate to whether or not a bookmaker includes overtime and shootouts when grading their bets.

The risk is that one bookmaker can void the bet (returning your money), and the other will consider the bet as ‘completed’ (paying your winnings on a winning bet; or keeping your wager on a losing bet). This is effectively keeping an open position… or gambling.

Thankfully, this risk can be eliminated by simply knowing the bookmaker payout rules and not betting across mismatched bookmakers.

A good arber is aware of this issue, and maintains a table of common rule mismatches for quick and easy reference. If an ice hockey arb is across two bookmakers then Sports Arbitrage Australia generally recommends executing the arb only if both bookmakers have identical payout rules regarding the inclusion of overtime and shootouts.

Below we discuss the three different payout rules for ice hockey, and provide a bookmaker rule summary table that you can use to ensure your ice hockey arbs are risk-free. Print the table off, stick it to your wall for quick reference, and check it before placing any ice hockey bets.

The three payout rules for ice hockey

In ice hockey, wagers are paid/settled based on the possible inclusion of overtime and shootouts. The inclusion of overtime periods and shootouts varies at each bookmaker, but falls into one of three categories:

  1. Overtime NOT included; shootouts NOT included – that is, when grading bets the bookmaker will not include goals scored in overtime periods or subsequent shootouts. The wager will be settled on the basis of the match score at the end of regulation time.
  1. Overtime included; shootouts NOT included – that is, when grading bets the bookmaker will not include goals scored in shootouts (post-overtime). The wager will be settled on the basis of the match score at the end of regulation time plus any overtime periods.
  1. Overtime included; shootouts included – that is, when grading bets the bookmaker includes all goals scored in a match, including those in overtime periods and shootouts. The wager will be settled on the basis of the official match score.

The rule summary table: ice hockey

As noted previously, Sports Arbitrage Australia has created a bookmaker rule summary table for ice hockey that we use to ensure our ice hockey arbs are risk-free. Feel free to print the table off, stick it to your wall for quick reference, and check it before placing any ice hockey bets:

Mismatched payout rules: Ice Hockey

Updated 11 February 2017

NHL/USA/Canadian Ice Hockey
Overtime NOT included;

Shootouts NOT included

Overtime included;

Shootouts NOT included

Overtime included;

Shootouts included

Bet365

Pinnacle Sports

 

Unibet Centrebet

Ladbrokes

Luxbet

Palmerbet

Crownbet

 

 

European and international ice hockey

(moneyline, head-to-head, match betting)

Overtime NOT included;

Shootouts NOT included

Overtime included;

Shootouts NOT included

Overtime included;

Shootouts included

Bet365

Centrebet

Pinnacle Sports

 

 

Unibet Palmerbet

Ladbrokes

 

European and international ice hockey

(Asian handicap, game total, over/under)

Overtime NOT included;

Shootouts NOT included

Overtime included;

Shootouts NOT included

Overtime included;

Shootouts included

Bet365

William Hill

Pinnacle Sports

Palmerbet

 

Unibet Luxbet

Ubet

 

 

Proposition or event-based wagers
Event determined Entire match completed
Bet365

William Hill

Pinnacle Sports

Ladbrokes

Luxbet

Ubet

Unibet

 

Our table is designed for quick reference and is self-explanatory. As you will see, each bookmaker is classified into one of the three categories above (each with its own column). You use this table by ensuring that both bookmakers are in the same column for that bet type before executing an ice hockey arb.

Our table is updated regularly, however bookmakers can change payout rules without notice so for the utmost surety you should review each bookmaker’s betting rules as well.