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A “favorite” horse is one that has the lowest odds or the least amount of money wagered on it. By placing a wager on a favorite every time, you have about a third of a chance of winning. This is a good chance to win even if you don’t win very much. In horse racing, a daily double wager is when the bettor places a wager on two different races and must correctly predict the winner of each.

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While this is clearly a highly unlikely outcome on the face of it, the potential payout is massive. Before a person can start to bet the NHL, it's important they have a solid understanding of the money line. The money line is the most common method of betting the NHL, although there is also a puck line, which will be discussed a bit later, as well as totals.

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