There are no ties. The third statistic is overtime/shootout loss.
So, 1-1-1 means 1 win, 1 loss, 1 loss in overtime or shootout. You get one point for a loss after regulation.
So are overtime losses any different than regulation losses in the standings?
yes. no points for regulation losses. one point for OT/SO loss. two points for win (regardless of regulation or not)
That's really stupid. But whatever.
Would you rather your favorite hockey team, after playing a fantastic game, even scoring late in the third period, forcing overtime and then have the rules such that if the other team wins in OT or in a shootout, they get the points and your team ends up with nothing?
The reason they award the point for an overtime or shootout loss, is because it's a fair way to compensate the losing team who played well enough to get to the overtime in the first place.