The Washington Capitals, also known as the Caps, are the ice hockey team in the NHL that is located in Washington, D.C. With legal sports betting in Washington, D.C., it is important to learn all about the team. This is the place to learn everything about Washington Capitals Betting.
The Washington Capitals compete in the NHL in the Eastern Conference as a member of the Metropolitan Division. The team is owned by Monumental Sports & Entertainment, which is run by Ted Leonsis.
At first, the Washington Capitals played their home games at the Capital Centre located in Landover, Maryland. Now, the Capitals play in the Capital One Arena which is located in Washington D.C., this has been ever since 1997.
In 1974, along with the Kansas City Scouts, the Washington Capitals were founded. However, the team struggled through almost the whole first decade of their existence. The franchise’s fortunes turned in 1982 when a new general manager was hired. The team was able to become a regular contender in the playoffs for the next fourteen years.
The Washington Capitals first Presidents’ Trophy award, for winning the most points at the end of the regular season, was won for the 2009-2010 season. They won it for a second time for the 2015-2016 season and for a third time the following season, 2016-2017. The team has also won twelve division titles. They have also reached the Stanley Cup Finals twice, in 1998 and 2018, with a win in 2018.
The Capitals have had many notable players, like Rod Langway, Mike Gartner, Larry Murphy, Scott Stevens, Alexander Ovechkin, John Carlson, Nicklas Backstrom, and Braden Holtby.
The Washington Capitals participates in one of the fiercest rivalries not just in hockey, but also in all of professional sports. Their rivals are the Pittsburgh Penguins and have been for the last 16 years.
A popular bet in hockey is a moneyline bet. Here is an example of a moneyline bet:
Washington Capitals: -185
Pittsburgh Penguins: +185
This example has the Washington Capitals as the favored team to win, with odds of -185. That means for every $1 you hope to win, you need to risk $1.85, to bet $185 to win $100. The underdog in this game, the Pittsburgh Penguins, has odds of +185. That means for every $1 risked, you could win $1.85, to bet $100 to win $185.
Betting in Washington, D.C.
Sports betting in Washington, D.C. was first legalized in 2018. It launched in the state in 2020. However, the D.C. lottery style sports betting that has launched has been controversial. The legal gambling age in Washington, D.C. is 18.
Washington Capitals Partnership with Caesars Sportsbook
The Washington Capitals has a partnership with the Caesars Sportsbook that was first announced in 2021. The partnership places a Caesars Sportsbook logo on Capitals home and third jerseys starting in the 2022-23 season. This announcement was a big deal because it marked the first franchise announced agreement for the NHL’s Jersey Advertising Program.