What is hockey regulation betting?

When the NHL was founded in 1917, there was no such thing as a tie game. Every game was played until an outcome was decided, no matter how much overtime was required until a goal was scored to bring an end to the contest.
That situation changed during the 1921-22 season. Although overtime was still played, the OT session was limited to one period and tie games were now permitted to occur. It stayed that way until 2005. Tie games became an accepted and commonplace occurrence in the NHL. In fact, during the 1969-70 season, both the Philadelphia Flyers (24-17) and Minnesota North Stars (22-19) tied more games than they won.

Starting with the 2005-06 season, the NHL again adopted a policy that every game must be played to a conclusion that only featured a winner and a loser. If a game remained deadlocked after a five-minute, three-on-three overtime period, the two teams would engage in a penalty-shot shootout until there was a winner, in much the same manner that international soccer competitions are decided by penalties.
In club soccer, the tie, or the draw as it’s also known, remains very much in vogue. And because of the that, there is what’s known as three-way wagering on soccer. You can bet on a home team win, an away team win, or a draw.

Even though there are no longer ties in the NHL, the sportsbooks have found a way to allow you to wager on tie games in the NHL, by implementing a bet type similar to soccer’s three-way wager.

Sportsbooks like SugarHouse now offer what’s known as a three-way 60-minute wager on NHL games. This bet reaches its conclusion at the end of regulation time, regardless of whether the actual game requires overtime to determine a winner.
Similar to the moneyline, you’ll be offered negative or positive odds on three possible outcomes by the conclusion of the three 20-minute periods – home team win, away team win, and tie. Your bet is exclusive to regulation-time action. It’s as if overtime didn’t exist and tie games were back in vogue in the NHL.