The Pittsburgh Penguins (5-5-1) visit the New York Islanders (5-4-2) Thursday for a 7 p.m. puck drop. Below we analyze the Penguins-Islanders NHL odds and lines, with picks and predictions.

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  • In hockey, the Favorite and Underdogs are listed for that day's outings. The First-Period Odds will show the favorite listed with a (-), and the underdogs are indicated by a (+) symbol. Most online wagering sites, as well most betting apps and offshore sites, will do the math for you. It's a rather simply equation, however.

Penguins at Islanders: Odds, spread and lines

Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated at 4:54 a.m. ET.

Money line: Penguins -110 (bet $110 to win $100) Islanders -105 (bet $105 to win $100)Against the spread/ATS: Penguins -1.5 (+230) Islanders +1.5 (-300)Over/Under: 5.5 (O: -105 U: -115)

Penguins at Islanders: Projected starting goalies

Tristan Jarry (2-4-1, 3.95 GAA, .857 SV%) at Semyon Varlamov (5-2-1, 1.88 GAA, .932 SV%, 3 SO)

Jarry has allowed four goals in each of his past two starts, including the most recent meeting Saturday at this very same venue in a 4-3 loss. He made 22 saves on 26 shots, but he allowed a power-play goal to Islanders C Anders Lee with just 2:44 to go in regulation for the difference maker.

Varlamov started the season on fire with a pair of shutouts, but he went 0-2-1 with 11 goals allowed in three starts from Jan. 26-30. He has since bounced back, going 2-0-0 with a 1.50 GAA and .951 SV% in two February starts. Varlamov was on the winning end of Lee’s late heroics in Saturday’s game, making 28 saves against 31 shots.

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Penguins at Islanders: Odds, lines, predictions and picks

Prediction

Islanders 4, Penguins 2

Money line (ML)

The ISLANDERS (-105) are a good bet in this home meeting against the Penguins as Varlamov has been a real difference maker. On the flip side, Jarry has struggled for the Pens. Head coach Mike Sullivan is giving Jarry a little bit of a longer leash, hoping the goaltender can work through his struggles and return to his All-Star form.

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Against the spread (ATS)

New York’s price of +1.5 (-300) is to chalky. However, the alternate line of ISLANDERS -1.5 (+260) is worth a small-unit play. The Isles are coming off a 2-0 win over the New York Rangers last time out, and three of their five wins also have covered the puck line. They’re a good play here as you can more than double your initial wager.

Over/Under (O/U)

The OVER 5.5 (-105) is a risky play based on Varlamov but also a good play based on Jarry’s recent performances. As long as the Penguins can strike for at least two goals against the red-hot Varly, you should be OK for a successful Over ticket. Just go lightly.

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How to read Hockey Las Vegas Money Line Odds

When playing the moneyline, you pick either one team or the other. It's that easy!

If you are wagering on the National Hockey League and making moneyline bets, you'll either be pulling for the favorite or the underdog to earn the win in either regulation, overtime or a shootout. You do not need to worry about a team winning by a certain margin. It is simply a win outright, and that's it.

Similar to our Puck-line and 1st Period Odds, every contest on the board shows the Odds, Date and Time of the National Hockey League contests on the slate.

Hockey will list Favorites and Underdogs for that day's slate of games. The Money Line Odds will list the favorite with a (-) symbol, while the underdogs will be shown with a (+) symbol. The majority of betting sites online, as well as the betting apps, will simply do the math for you. However, it is a rather easy equation based upon a $100 wager.

Edmonton -160 (Bet $100 to win $62.50)
Arizona +145 (Bet $100 to win $145)

In the example listed above, Edmonton is listed as the strong favorite (-), while Arizona is the underdog (+). If a bettor making a wager picked the Oilers, favored to win, they would return just $62.50 on a $100 wager at minus-160. Many books also offer fractional odds, and in this instance the Oilers would be listed as a 5/8 favorite. The decimal format, particularly popular overseas, is also sometimes offered. The Oilers would be listed at 1.625 on the big board.

With the Oilers listed as the favorite, the Coyotes are considered as the underdog. Bettors would receive a larger return on their initial stake with a victory. In the example above, a $100 winning wager on the Coyotes would fetch a total return of $245, which includes a $145 win and the original $100 stake. The fractional odds would be listed as 29/20, while the Coyotes would be shown at 2.45 with the decimal conversion.

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