Monday, January 16, 2023

2022/23 NHL Week 14 Betting Report

Welcome to my Week 14 NHL Betting Report, featuring my Gambling Power Rankings, results by category, my best bets, and my best/worst teams to bet on or against. It should be noted that I’m not betting with real money. These are all fictional wagers in a spreadsheet. If you’re betting with real money, you should not be betting on every single game, only the games you like the most. Whereas I’m betting on every game, every over/under, because it provides a complete dataset for macroeconomic analysis. If you followed my weekly reports last season, one upgrade is that I’m now logging alt pucklines for every game, favorites +1.5 goals and underdogs -1.5 goals. Click here to see my Week 13 Betting Report.

 
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My Weekly Profit: -$1,128
My Season Profit: $11,307
 
Welcome to the first week of the second half, which I spent digging myself a hole. It was an ominous beginning to my third quarter, which all unfolded while hard at work compiling my Second Quarter Betting Report (which will be posted either Tuesday or Wednesday). You’d think that taking a 15,000 word deep dive into everything that worked and didn’t work in the last 6 weeks would help your output in the current week, but that was not the case here. Nor is that the first time that lessons learned while writing one of my quarterly reports cost me money early in the next quarter. Trends change, sometimes abruptly.
 
I was down -$461 heading into Sunday’s 3-game slate, and decided to go "all in" on 2 of the heavy favorites against teams who played the night before, hoping some back-to-back action would salvage my week. My line value estimators scared me away from Carolina, but also tried to warn that New York was considerably over-priced against Montreal. The cautionary advice was ignored, and I went "all in". Sam Montembeault stopped 38 of 39 shots to defeat Igor Shesterkin. That’s a bad beat. Not my first Rangers bad beat. There's been a few.
 
This was a shockingly outstanding week for road underdogs +1.5 and -1.5 goals, road favorites -1.5 goals, and road moneyline. I can’t tell you the common thread that tie those categories together, other than it was a good week for road teams. The profitability of road teams is a major theme my upcoming quarterly report as the rate of return was very encouraging. Their winning percentage only went from 47% to 48.5% from Q1 to Q2, but that was enough to give road favorites a 10% return on the moneyline, and 20% on the puckline -1.5 goals.
 

I sustained a big loss on the home moneyline as road teams won 56% of the games. Road moneyline might have been my best category, but I can’t exactly brag about it considering I lost a greater sum on home moneyline. There wasn't any tactical brilliance informing my moneyline wagers, as I was a net loser on home vs road. The success of road teams is also why this was a good week to bet underdogs, but only on the road. Home dogs were net losers on the moneyline, +1.5 goals, and -1.5 goals.
 
If you were betting the Buffalo Sabres to lose this week, you surely cashed some nice tickets. Sadly I found myself on the wrong side of those, as my faith in the mighty Sabres hasn’t wavered….well at least until I noticed they cost me money this week, falling out of first place in my Power Rankings. The new leader is the San Jose Sharks. Buffalo had won 4 of 5 entering the week, then lost 3 of 4. Speaking of teams who formerly occupied top spot in my ranks, the New Jersey Devils seem to be heating up again, currently on a 6-2 run. Lately they’re a tremendous road team and weak at home.
 
The New Jersey Devils weren’t the only team to save me from an even greater loss, as assistance was also provided by the Seattle Kraken, who have 8 games in a row. What’s incredible is that 7 of those games were on the road, as they were a major contributor to the success of visiting teams this week. I’m continuing to get destroyed betting their over/under, but in the last 8 weeks I’m up $1,200 betting their wins and losses. Their game log is contaminated with scattered outlier high scoring games, and have an 11-game streak alternating back and forth from over to under.
 

The Washington Capitals only played twice, but lost both as big favorites against the Philadelphia Flyers, who covered -1.5 goals in both at +350 and +400. While I might have been riding the Caps for a lot of the 2
nd quarter, I had Philly in both those games. The Flyers have won 7 of 8 matches and cost me a pile of money early in that hot streak, which helped make me a believer. The Bruins also only played twice, but you could have hit a nice pay on Seattle (+190 moneyline and +475 -1.5 goals) to win. I had the Kraken in that one.

 
 
My Week 13 Results
 
*Note* “Market Return” is based on betting exactly $100 on every outcome.
 
 
It was “red Monday” for my over/under algorithm, losing -$700 in 4 games, which was also the last day of the season’s 2nd quarter. It was a losing quarter for the algorithm, and the flaws that led to that loss will be discussed in my upcoming quarterly report, which will be coming soon. The method performed well Tuesday to Friday, then just laid a giant terd on Saturday, going 4-10. It wasn’t even that one side or the other was dominant that day, just that the decisions of my algorithm were awful.
 
This last month of malaise has me paying a little closer attention to the algorithm’s recommendations. Instead of just accepting them all blindly, I’m looking at the game logs to see if there are any outliers having an exaggerated impact. During the All-star break I’m going to test some modifications to discount the impact of outlier games, but in the meantime will be executing more manual overrides. All my decisions for each game are made in a “game summary” worksheet, that imports season stats and game logs for both teams involved, informing my choices.
 
Arizona overs were on a 5-2 run entering the week, then their unders went 3-1. Ottawa unders had been rolling, then they had some uncharacteristically high scoring games. The Leafs had hit 5 consecutive overs before their unders went 4-1. There was too much flip flopping for my algorithm to succeed. Not sure how I can modify my method to account for that, but we’ll see. I’m still running a 2.8% return on over/under for the season, so it hasn’t been a complete catastrophe (but it was over 10% a month ago). Unders were a net winner in Q2, but overs are out to an early lead in Q3.
 
 
My Team of the Week: Carolina Hurricanes, +$1,398
 
The Carolina Hurricanes were by far my worst team of the week in my previous report, my second biggest loss betting any team to lose this season. It pained me deeply, but I kept the faith. Specifically, my biggest loss in their previous week was going “all in” on their loss to Columbus. The two teams met again this week, and I made the exact same giant wager on Hurricanes to win. They won 6-2. There have been plenty of past instances where a big loss like that inspired to flip allegiances on the rematch, only to lose twice. Canes wanted revenge. They faced the Canucks on Sunday, but my line value algorithms didn't want anything to do with their -260 price, so I took Vancouver, who won in a shootout.
 
It’s no coincidence then that Columbus was my 2nd best team of the week, given my jackpot in their loss to Carolina, but that’s only half the story. I placed a large wager on Tampa to win at home, then bet Columbus to beat Detroit because for some reason the BJs were +200. The Wings haven’t been good enough lately to be -240 against an AHL team. Columbus unders were one of the best bets of the second quarter, but suddenly their overs are 5-1 in their last 6 games (I cashed in on the last two). Be advised, Blue Jacket overs might be resurging!
 
 
My Worst Team of the Week: Colorado Avalanche, -$1,017
 
The Colorado Avalanche were among the best teams in the league to bet against in the second quarter, and I was fully aware of that while compiling my Q2 Betting Report this week. Yet Nathan MacKinnon had recently returned from injury, so I’ve been expecting them to get hot. When they were about to play a struggling Chicago Blackhawks team with Petr Mrazek in goal and Patrick Kane lost to injury, I got a little too greedy. My success betting Chicago to lose in Q2 overshadowed my success betting Colorado to lose. I went "all in", and the Hawks won. Big mistake.
 
This was a bad week for me betting Winnipeg Jets games, even though they went 3-1 and I’m currently aboard their bandwagon. They cost me a large wager when they lost 7-5 to Detroit, so next game I bet my Buffalo Sabres as +115 home dogs, Jets won. They played the next night in Pittsburgh, and I ONLY bet the Pens because of the back-to-back. Jets won 4-1. Also, that 12-goal game vs Detroit influenced my algorithm to bet Jets unders for the next 3 games, all went under.
 
 
My 3 Best Market Bets of Week 13:                  Overall Best Market Bets of Week 13:
 
1) Road moneyline: +$890                                    1) Road underdogs +1.5 goals: +$1,380
2) Road favorites -1.5 goals: +$426                      2) Road favorites -1.5 goals: +$866
3) Underdogs moneyline: +$410                           3) Road moneyline: +$828
 
My 3 Worst Market Bets of Week 13:              Overall Worst Market Bets of Week 13:
 
1) Home moneyline: -$1,422                                1) Home favorites -1.5 goals: -$2,110
2) Shorting back-to-back ML+PL: -$1,159          2) Heavy favorites -1.5 goals: -$1,070
3) Favorites moneyline: -$743                              3) Home moneyline: -$1,052
 
My Best Teams To Bet On In Week 13:            Overall Best Teams To Bet On:
(over/under/hedges not included)                         ($100 ML + $100 PL+1.5 + $100 PL-1.5)
 
1) Seattle Kraken: +$1,005                                    1) Philadelphia Flyers: +$1,861
2) Carolina Hurricanes: +$650                              2) Seattle Kraken: +$1,149
3) New Jersey Devils: +$614                                3) New Jersey Devils: +$1,024
 
My Worst Teams To Bet On In Week 13
(over/under/hedges not included)
 
1) Colorado Avalanche, -$1,000
2) New York Rangers, -$750
3) Dallas Stars, -$350
 
My Best Teams To Bet Against In Week 13:     Overall Best Teams To Bet Against:
(over/under/hedges not included)                          ($100 ML + $100 PL+1.5 + $100 PL-1.5)
 
1) Columbus Blue Jackets, +$679                         1) Washington Capitals: +$1,209
2) San Jose Sharks, +$473                                     2) Buffalo Sabres: +$673
3) Anaheim Ducks, +$427                                     3) Boston Bruins: +$602
 
My Worst Teams To Bet Against In Week 13:
(over/under/hedges not included)
 
1) Philadelphia Flyers, -$500
2) Montreal Canadiens, -$402
3) Winnipeg Jets, -$350
 
Market’s Best Over/Under Bets In Week 13:  
($100 wagers)
 
1) Edmonton overs, +$327
2) Vancouver overs, +$320
3) Islanders unders, +$291
 
Team By Team Power Rankings

These power rankings are based on the sum of all my bets per team, including where the money was won or lost. Each week my new power rankings will be based on all the games in the season, not just what happened this week.



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