To read my first quarterly report, click here. If you would like to read a comprehensive analysis of the last three years of hockey betting, my new book “The Hockey Economist’s Betting Prospectus” is available in the Amazon store. Just imagine this quarterly report but nearly 400 pages. You’ll get a profitability breakdown of the major categories since October 2019, and a chapter detailing the results for each team. Half of it discusses my own results, while the other half discusses what I should have been betting. To read more, visit the Amazon store.
My 2nd Quarter Profit: $5,527
My 1st Quarter Profit: $5,786
Over/Under
My 5 Best Over/Under Bets: Market’s 5
Best Over/Under Bets:
($100
wagers)
1) St. Louis overs, (+$1,104) 1) St.
Louis overs, (+$899)
2) Ottawa unders, (+$767) 2) San
Jose overs, (+$881)
3) Pittsburgh unders, (+$765) 3) Columbus
unders, (+$776)
4) San Jose overs, (+$761) 4) Ottawa
unders, (+$691)
5) Columbus unders, (+$761) 5) Pittsburgh
unders, (+$624)
My 5 Worst Over/Under Bets:
1) Washington overs, (-$1,117)
2) Seattle overs, (-$988)
3) Montreal overs, (-$852)
4) Detroit overs, (-$826)
5) Colorado overs, (-$805)
Market’s 5 Best Goalies to Bet on: Market’s 5 Best Goalies to Bet Against:
($100 ML + $100 PL+1.5 + $100 PL-1.5) ($100 ML + $100 PL+1.5 + $100 PL-1.5)
1) Martin Jones, (+$2,539) 1) Alexandar Georgiev, (+$2,217)
2) Samuel Ersson, (+$1,716) 2) Jacob Markstrom, (+$1,434)
3) Ukko-Pekka Luukkonen, (+$1,678) 3) Sergei Bobrovsky, (+$1,261)
4) Connor Hellebuyck, (+$1,584) 4) Ilya Sorokin, (+$1,225)
5) Pheonix Copley, (+$1,513) 5) Jake Allen, (+$1,141)
My 5 Best Goalies to Bet on: My 5 Worst Goalies to Bet on:
(ML + PL) (ML + PL)
1) Linus Ullmark, (+$1,651) 1) Ilya Sorokin, (-$901)
2) Ukko-Pekka Luukkonen, (+$1,489) 2) Pyotr Kochetkov, (-$900)
3) Jaroslav Halak, (+$1,348) 3) Jeremy Swayman, (-$840)
4) Ilya Samsonov, (+$1,194) 4) Jonathan Quick, (-$747)
5) Martin Jones, (+$958) 5) Igor Shesterkin, (-$625)
My 5 Best Goalies to Bet Against: My 5 Worst Goalies to Bet Against:
(ML + PL) (ML + PL)
1) Arvid Soderblom, (+$1,672) 1) Samuel Ersson, (-$1,431)
2) Petr Mrazek, (+$1,499) 2) Juuse Saros, (-$902)
3) Alexandar Georgiev, (+$1,401) 3) Igor Shesterkin, (-$849)
4) Magnus Hellberg, (+$1,260) 4) Tristan Jarry, (-$749)
5) James Reimer, (+$785) 5) Thomas Greiss, (-$717)
The list of best goalies to bet has some names you might not expect, especially #1 on the list Martin Jones. The Seattle goalie was sensational in the first quarter, but saw his SV% drop from .913 to .875 in Q2, yet won 10 of his 12 starts. He had 6 wins in games where he allowed 4 or more goals, as the Kraken provided plenty of goal support. When he got burned for 8 tucks, no problem, Kraken scored 9. Also 8 of his 10 wins were by at least 2 goals, so if you bet $100 on Jones -1.5 goals in every Q2 start, then you banked $1,480 (as opposed to $738 on the moneyline).
Many of you probably don’t even know who Samuel Ersson is, but he replaced an injured Carter Hart and won 4 of his first 5 games after doing so, 3 of those by at least 2 goals (with pucklines hitting at +450, +220, and +400). If you were fortunate enough to jump on the Flyers bandwagon after Hart was injured, you could have hit the jackpot. Sadly for me (and probably many others), the injury was perceived as a lucrative opportunity to go big on Philly opponents. That’s how I lost -$1,431 betting Ersson to lose, as no goalie cost me more money in Q2, and I had no idea who he even was 2 months ago.
Connor Hellebuyck is the only elite goalie on the profitability leaderboard (Linus Ullmark very nearly qualified for the top 5), as there are bigger names on the best goalies to bet against list. What helped Hellebuyck was that the Jets scoring increased from 2.9 per game in Q1 up to 3.6 in Q2, while his own goals against average increased from 2.07 up to 2.48. Ukko-Pekka Luukkonen was one of my best goalies to bet, but he was sent back to the minors to start the third quarter because he’s waiver exempt and Eric Comrie returned from injury (though he was back in the NHL no long thereafter).
One thing that really surprised me from my own best/worst goalies to bet on lists, was that Igor Shesterkin was one of my worst goalies when betting to win, while his back-up Jaroslav Halak was among my best. I spent most of the first quarter actively avoiding betting Rangers if it seemed likely Halak would start, but once they got hot in the 2nd quarter, I stopped exercising that discretion. Halak generated a lowly .883 SV% in the first quarter, but an above average .907 in Q2. Not only did Halak get better, his teammates in front of him started scoring more goals, making him a decent betting option.
The best goalie to bet against was actually Alexandar Georgiev, who had a drop in SV% from .929 to .905 from one quarter to the next as Colorado was decimated by injuries (he cracked my leaderboard as well). Some of that can likely be attributed to Georgiev himself, but the Avs also started dramatically over-using their top 2 forward lines, which surely caused the defensive play to suffer. Ilya Sorokin was also a bad goalie to bet in Q2. His SV% only dropped from .926 to .923, but only won 6 of 15 starts because the team was scoring fewer goals, and play in a very difficult division. He also missed time due to injury.
Jacob Markstrom was the #2 worst goalie to invest in, as he temporarily ceded the primary starter duties to Dan Vladar when he struggled early in the quarter. There was a limited window when it was very profitable to short Markstrom, as he settled down later in December. My two best goalies to bet against were on the Chicago Blackhawks, Petr Mrazek and Arvid Soderblom (.870 and .878 save percentages respectively). I had incredible success exploiting the tank after a rough first quarter. Alex Stalock returned from injury to post a .923 SV% in 6 starts, so I was a net loser when betting against one Chicago goalie. Let’s hope he gets traded.
The profitability of betting rested teams against tired opponents plunged from the second half of 2021/22 to the first quarter of 2022/23 (after a fast start in the first couple weeks). It wasn’t a function of rest advantage diminishing in effectiveness, but rather oddsmakers just jacked up the prices. There were some bad weeks in November, but in December betting rested teams against tired opponents started surging back into relevance (after being my worst category in the first quarter). The prices were still expensive, but it was worth the cost.
By week 10 (which was 3 weeks into Q2), it had become clear that this category was re-asserting itself as one of my best. At that point, there had been 42 rest disadvantages in Q2, with the rested winning 59.5%. Despite promising myself to lay off these after a bad first quarter, my foot never really eased of the gas pedal, betting them 40 of 42, winning $2,426. Btb moneylines produced $1,072 Q2 profit, while pucklines -1.5 goals (both favorites and underdogs) won an astounding $2,724. By the end of Q2, they were 46-28 (62%) on the moneyline, and covered -1.5 goals in 36 of those (48%).
Some weeks I would combine moneyline and puckline in my best category rankings and just call it “shorting back-to-backs” but the differing performance of the two eventually required a split. It also needs to be noted that if you are going to deploy a shorting btb strategy, you should be placing your wagers as close to the opening line as possible. Whatever tax oddsmakers charge for btbs, the public is willing to pay it, driving the prices even higher by puck drop. The payout was bet down from open to close in 60% of these opportunities, 64% when the home team has the advantage.
Note the leaderboard below is for the entire 1st half, not just the second quarter. Every other leaderboard in this report is exclusively Q2, but sample sizes for this group are too small, and I did not not include such a leaderboard in my Q1 report.
What's funny is that in my 1st Quarter Betting Report, I discussed that bad November shorting back-to-backs, musing that it was time to start betting the other side. Well, I never actually stopped, betting 60 of the 64 this quarter. I guess that's a lower % than 2nd half 2021/22.
— Hockey Economist (@Hockeconomics) January 3, 2023
Best Bets With Rest Advantage: Best Tired Teams to Bet Against:
($100 moneyline) ($100 moneyline)
1) Anaheim Ducks (+$350) 1) Pittsburgh Penguins, (+$620)
2) Minnesota Wild, (+$320) 2) New York Rangers, (+$334)
3) Winnipeg Jets, (+$246) 3) Los Angeles Kings, (+$304)
Best Bets With Rest Advantage -1.5 Goals: Best Tired Teams to Bet Against -1.5 Goals:
($100 puckline) ($100 puckline)
1) Chicago Blackhawks, (+$785) 1) San Jose Sharks, (+$734)
2) Minnesota Wild, (+$784) 2) Dallas Stars, (+$715)
3) Buffalo Sabres, (+$720) 3) New York Rangers, (+$670)
The Anaheim Ducks generated the most profit on the moneyline, but they also had more rest advantages than any other team with 9 in the first half, and the Ducks only went 5-4 in those games, but those 5 wins were all as underdogs. Meanwhile Seattle had 8 advantages and Buffalo had 7, rounding out the top 3 most frequent advantage recipients. By comparison Montreal and LA only had one each. Chicago had 6 opportunities and won 3 of them, but also covered -1.5 goals in those 3 games at +350, +550, and +185.
Meanwhile, St. Louis and Tampa were the two teams that faced a disadvantage more than anyone, and the Blues were among the worst teams to bet against when tired. The very worst was Carolina, who went 4-0 when tired versus rested opponents. Boston being the 2nd worst, the Blues 3rd. Seattle and Washington only faced 1 rest disadvantage each, so the Kraken had an 8:1 ratio, which surely helped boost their strong first half. Two of the weaker teams who were bad to bet against when tired were Detroit and Vancouver, as you would have posted a net loss betting $100 on them to lose each.
*Market Bets calculated by betting exactly $100 on every outcome this quarter*
Winning percentage dropped while prices got more expensive. Visitors improved while hosts paid a bigger tax. The 5 most profitable road teams on the moneyline were Buffalo, St. Louis, Vancouver, Seattle, and Washington. Whereas the worst teams to bet on the home moneyline were New Jersey (by a wide margin), Chicago, San Jose, St. Louis, and Colorado (odd considering where they play). The Devils struggling at home is not a new concept, as the previous 3 seasons combined, they won 37% of their road games and 35% at home. Washington being a strong road team is also consistent with what we’ve observed in recent history.
Of course, what’s most interesting is the team that showed up on both lists, the St. Louis Blues. One of my rules that I’ve repeated several times in my betting reports and book, is never trust the St. Louis Blues to win or lose. They are prone to blowing easy games against worse teams, but can beat any opponent on any night. If you bet $100 on the road team in every Q2 Blues game, you banked $840. The Sabres were easily my best road team, as they did win a majority of their home games, but won a very impressive 78% from the visitors dressing room.
Road teams were only favored in 33% of Q2 games while home favorites had a bad quarter (betting $100 on each moneyline would have produced a -$1,357 loss). Home favorites -1.5 goals actually produced a greater loss if you bet those instead (-$1,843), whereas the rate of return on road favorites -1.5 goals nearly doubled road fave moneyline. This was a fantastic quarter for me betting favorites -1.5 goals (both at home and on the road), but the secret to my success was in the teams I was targeting to lose by 2+ goals, Chicago, Anaheim, and Detroit. Though I should also have targeted Florida and Colorado more often.
This is my first season tracking alt pucklines, -1.5 for dogs and +1.5 for favorites, but aside from a few good weeks, neither has been a worthwhile bet at large. It’s more useful to examine at the team level, to see which teams are consistently good at one or the other whether they’re favored or underdog. It was just a terrible quarter for underdogs, as they were net losers in every permutation, home/road/moneyline/puckline. January last year was when favorites caught fire, but dog did finish ahead in week 1 of the third quarter.
My Best Categories: Market’s Best Categories:
(all wagers) ($100 wagers)
1) Road favorites moneyline, (+$3,939) 1) Shorting back-to-back -1.5 goals, (+$2,724)
2) Favorites -1.5 goals, (+$3,206) 2) Road favorites -1.5 goals, (+$2,276)
3) Shorting back-to-back ML, (+$2,457) 3) Road favorites moneyline, (+$1,100)
My Worst Categories: Market’s Worst Categories:
(all wagers) ($100 wagers)
1) Overs, (-$2,806) 1) Underdogs -1.5 goals, (-$4,605)
Market Best Moneyline Bets: Market Best Teams to Bet Against ML:
($100 wagers) ($100 wagers)
1) Buffalo Sabres, (+$698) 1) Calgary Flames, (+$808)
2) Washington Capitals, (+$566) 2) New Jersey Devils, (+$623)
3) Winnipeg Jets, (+$493) 3) Colorado Avalanche, (+$582)
Market Best Bets +1.5 Goals: Market Best Teams to Bet Against +1.5 Goals:
($100 wagers) ($100 wagers)
1) Philadelphia Flyers, (+$484) 1) Colorado Avalanche, (+$644)
2) Washington Capitals, (+$457) 2) Calgary Flames, (+$397)
3) Boston Bruins, (+$311) 3) Vegas Golden Knights, (+$372)
Market Best Bets -1.5 Goals: Market Best Teams to Bet Against -1.5 Goals:
($100 wagers) ($100 wagers)
1) Washington Capitals, (+$1,066) 1) Florida Panthers, (+$1,205)
2) Seattle Kraken, (+$1,060) 2) Chicago Blackhawks, (+$1,172)
3) New York Rangers, (+$855) 3) Colorado Avalanche, (+$1,105)
1) Toronto Maple Leafs, (+$2,360) 1) Washington Capitals, (+$2,088)
2) Minnesota Wild, (+$1,161) 2) Seattle Kraken, (+$1,669)
3) Washington Capitals, (+$1,037) 3) Winnipeg Jets, (+$1,523)
4) Buffalo Sabres, (+$1,022) 4) Buffalo Sabres, (+$1,300)
5) Tampa Bay Lightning, (+$829) 5) New York Rangers, (+$1,221)
My 5 Worst Teams to Bet on:
(ML + PL)
1) New Jersey Devils, (-$1,270)
My 5 Best Teams to Bet Against: Market’s 5 Best Teams to Bet Against:
1) Chicago Blackhawks, (+$3,119) 1) Colorado Avalanche, (+$2,331)
2) Anaheim Ducks, (+$1,969) 2) Chicago Blackhawks, (+$1,658)
3) Colorado Avalanche, (+$1,792) 3) Florida Panthers, (+$1,310)
4) Detroit Red Wings, (+$1,579) 4) Vegas Golden Knights, (+$1,061)
5) San Jose Sharks, (+$1,199) 5) Montreal Canadiens, (+$970)
My 5 Worst Teams To Bet Against:
(ML + PL)
1) Philadelphia Flyers, (-$1,687)
The team-by-team gambling Power Rankings are ordered by the sum of all my bets on each team to win or lose, over or under for the entire season. They are my own personal power rankings, reflecting my own success picking the outcome of their games. These aren’t necessarily the best teams to bet on, as some were swung by a few instances of good luck or bad judgement. You’ll have to read the team summaries for a deeper understanding of the replicability. If you are going to be betting on hockey in the near future, it may help you to read about my own personal success and failure each quarter. I’ll also list the results of betting $100 on every outcome for each team.
1) Buffalo Sabres, ($2,423):
My general strategy for Buffalo & Colorado has been very similar. I'll bet them to win most games they're underdogs but gravitate to their opponents more often when favored. The most I've paid for an Avs moneyline since MacKinnon's injury is -115. Though they've won 6 of last 10.
— Hockey Economist (@Hockeconomics) December 28, 2022
The Sabres were underdogs in 68% of their games, which is why my money was on Buffalo in 75% of their matches. Granted, there were two very large bets on New Jersey and Colorado (pre-MacKinnon injury) which is how I was able to generate a good return betting them to lose when that was a terrible wager overall. My rate of return on Sabres wins was incredible, which makes sense when a frequent underdog wins a majority of their games. Despite my strong performance, it could have been better. Nearly all my investment was on the moneyline, but they had a higher rate of return -1.5 goals.
Their overs went 11-6-2 but my algorithm recommended an 80% stake, which was a little too much. They rarely went 5 games without a really high scoring game, as their output increased to 4.2 goals per game, but that was also offset by improved defensive play. Ukko-Pekka Luukkonen started 12 of 19 games with an .897 SV% and 3.45 GAA, yet produced a 9-3 record. He was one of the best goalies in the league in which to invest your wagers. Craig Anderson had a .928 SV% but a 3-4 record, and I was a net loser in his starts. Anderson unders went 4-2-1, while UPL overs went 9-2-1.
2) San Jose Sharks, ($2,233):
The Reimer injury proved to be a big boost for their overs, which drove my Sharks Q2 success. They were already a good over team before the injury, but their efficiency improved considerably. Kaapo Kahkonen started 9 games with am abysmal .846 SV%. Even when Reimer did return, their overs never stopped cashing because he wasn’t playing as well. He had a .906 Q1 SV%, but that dropped down to .879 in his first 6 games back. That was fortunate for me because my algorithm recommended an 88% stake in Shark Q2 overs. Their goals per game (for and against) went from 6.4 in Q1, all the way up to 7.3 in Q2.
My algorithms to approximate line value tended to recommend betting San Jose on the road, but less so at home. Even when the advice was to bet San Jose, it was often ignored. Those algorithms are employed to make recommendations, but all my bets are judgement calls. Their overs went 15-5, but Reimer went 5-3 (after going 7-7 in Q1) while Kahkonen went 8-1 (Dell and Makiniemi went 2-1). I generated $1,016 of profit in Reimer starts, but only $104 from Kahkonen (losing nearly -$500 betting him to win, almost entirely against bad teams that technically San Jose should have beaten).
3) Toronto Maple Leafs, ($2,129):
The one thing that can push me to bet their opponents is when the “Leaf tax” gets too high, but there was very little complaining about line value in my Q2 Leafs game notes, though the discourse did increase post-Christmas, when there were more conspicuously high lines. One thing that might have suppressed their line prices were the injuries to their blueline, especially their #1 quarterback Morgan Reilly, but he returned Dec 29. There was every reason to think this team might struggle in his absence, but anyone who disregarded that logical intuition was rewarded for their faith. Like me.
They were an especially dominant team on home ice, and were tied with Boston and Carolina for the highest win% (all venues) of any team in the second quarter. Toronto was helped by receiving strong goaltending, led by Matt Murray and his .916 SV%. That was a big gamble by Dubas in the offseason that has paid off. I actually generated a higher rate of return from Ilya Samsonov (.912 SV%). For a team that won 71% of their games, I performed remarkably well when betting them to lose, regardless of which goalie started. I only bet Leaf opponents when there was very generous line offerings.
4) Anaheim
What’s blowing my mind is that I bet Anaheim to win/cover 9 times in their last 11 Q2 GP and actually generated a 33% rate of return when doing so, yet they only won 32% of their games. My betting them that often later in December was not a conscious strategy on my part, but the lines on their opponents grew a little too expensive and John Gibson started playing better, both of which I was recording in my game notes (he went from an .891 SV% up to .907). Gibson can be a problem when he’s on. Johnny missed a week in the middle of the month with injury, but Lukas Dostal was above average when given the #1 role.
The Ducks ranked #28 in my week 7 Power Rankings, and 28 days later they were all the way up at #4. My primary source of revenue was -1.5 goals on the puckline. They might have lost 68% of their games, but if you bet $100 on the moneyline on every Anaheim opponent, you only walked away with $69. You were better off betting the puckline. Both their overs and unders lost money, going 11-11, but you could have turned a small profit by betting John Gibson overs and Lukas Dostal unders. I made a small profit on Anaheim unders.
5) Minnesota Wild, ($1,890):
All this abrupt trend shifting confounded my algorithm for a few weeks before getting on the right side, but eventually posted a $9 Q2 profit. It could have been much worse. The Wild were themselves a much better team, and it was a substantial increase in goal scoring that helped their overs and their win totals (climbing from 2.7 goals per game to 3.7 while goal prevention was slightly better), as their overs finished with an 11-8-2 record. They have been an incredible team on home ice in recent years, but crashed in the first quarter, winning only 33% (compared to 56% on the road).
That’s why I struggled betting them to win early in the schedule, but it flipped in Q2 when they returned to dominance in front of their own fans, winning 75%. Two weeks into Q2, my line value algorithms started encouraging me to bet Minnesota. One week later I wrote in my game notes “Wild heating up”. For the next 5 games, I banked $1,698 betting their matches, as they climbed from #17 to #4 in my Power Rankings in just 14 days. And that’s the story of how I got hot betting the Wild. One day I woke up aboard their bandwagon with no knowledge of how I got there.
6) New York Islanders, ($1,868):
One fun fact about the Islanders in Q2, you would have lost money betting them to win every game on the moneyline, but would have won $536 betting them on every puckline -1.5 goals. Nearly all of their wins were by at least 2 goals, some of those as underdogs +390, +360, +235 twice, etc. So they weren’t just crushing dogs, they were covering against good teams. They were underdogs in 52% of their games, as oddsmakers didn’t drink the Koolaid after their strong first quarter. But also, most of their losses were by 2+ goals. 16 of their 21 Q2 games the winner covered -1.5 goals.
Islander overs went 11-9 in Q1, but they shifted back to an under team in Q2 (with unders going 12-9) and it took my algorithm some time to adapt. But once it did, my Q2 NYI O/U performance finished strong. It recommended overs too often, but still managed a profit when doing so. That $46 profit came entirely from Semyon Varlamov starts, who had a lower SV% than Sorokin (.911 vs .923) and his overs went 4-2. And yet, Varlamov had a higher win percentage. Betting $100 on Varlamov to cover -1.5 goals every start generated $756 of profit. Whereas betting Sorokin to lose by 2+ goals every start would have yielded $825. That’s so bizarre it forced me to run a diagnostic on the data. It checked out.
7) Colorado Avalanche, ($1,698):
They were sitting outside a playoff spot as the end of the first half approached, but with Mack back it’s time to exercise more caution when betting them to lose. I’ll need to see them get hot before jumping on the bandwagon though, as they were still missing some key pieces as the first quarter came to a close. One of the key impacts of all the injuries was an alarming reduction in goal scoring, which dropped by more than a goal per game from one quarter to the next. Meanwhile, the goaltending got worse, as I can confirm as an Alexandar Georgiev owner in fantasy hockey.
While I was able to generate profit both when betting Colorado to win and lose, the same success did not translate to their over/under. Their unders went 13-6-2, and my algorithm recommended them a majority of the time, but still produced a loss thanks to 3 consecutive overs in blowout losses, which included getting lit up for 6 goals by the Arizona Coyotes. Those blowout losses were followed by 4 consecutive unders when I had the over, losing -$800 in a 6-game stretch. Unders went 8-1, then overs went 3-0, then unders went 4-1. Back and forth and back again is a problem for my method.
8) Dallas Stars, ($1,595):
Where I started to struggle in the second quarter was betting Dallas opponents, which was not due to an influx of pessimism, but rather expensive line prices. Reviewing my game notes, I often expressed an interest in betting Dallas, but was scared away by the line price repeatedly. One of the reasons for my skepticism was an injury to Jake Oettinger, where he was not quite his dominant self after returning. Most of my Stars Q1 enthusiasm was based on their incredible goalie, and of course Jason Robertson. Scott Wedgewood had a light workload, but engineered an expensive defeat of my New Jersey Devils, stopping 35 of 36 shots. That’s just a bad beat.
Note to self: The Dallas Stars currently occupy 2nd place in the western conference with 12 wins, but only 3 of them against teams currently in a playoff spot. 🤨
— Hockey Economist (@Hockeconomics) November 24, 2022
Oettinger was still one of the better goalies in the league, but his SV% dropped from .929 to .917, while Wedgewood posted an impressive .920, but only won 2 of 5 starts. My algorithm was fantastic at recommending the correct over/under wager when Oettinger was in goal (producing a profit on both sides), but terrible when Wedgewood was in goal (losing money on both sides). Looking at all revenue sources, I won $738 in Oettinger starts and lost -$196 in Wedgewood starts (but did produce a small $30 profit when betting Scotty to lose)
9) New Jersey Devils, ($1,594):
Reading my game notes, the first two weeks of Q2 are ostensibly a love letter to the Devils roster, until that week 8 gut punch, then becomes much more pessimistic. Shortly after that, they lost John Marino and Ryan Graves from their back-end, with Marino being one of their key summer acquisitions that helped spark their turn-around. In both quarters the Devils were actually a better team on the road, as they’ve struggled on home ice at various stretches in recent years. They were so good in Q1 it was barely noticeable they were worse at home, but the splits became very exaggerated in Q2, winning 23% at home and 75% on the road.
Their unders went 8-8-3 in the first quarter, then 12-8-1 in Q2. My algorithm turned a small profit, but only because of a $347 profit betting unders in 5 Akira Schmid starts. Losing money when either of the 2 other goalies got the start. Vitek Vanecek continued to carry the bulk of the workload, but his SV% dropped from .918 to .910. The Devils scored fewer goals and allowed more. One fun stat: Akira Schmid posted the highest save percentage of any of their goalies (.911) but you would have won more than $700 by betting $100 on him to lose every game by at least 2 goals.
10) Montreal Canadiens, ($1,553):
One of my issues is that if you were just setting lines based on win-loss records, many of the lines were set far higher or lower than winning percentage would imply. Looking at my game notes, most of the formulas that I employ to measure line value were constantly pushing me towards the Canadiens, especially earlier in the quarter. I was almost exclusively betting them as longshot underdogs with moneylines at +235, +200, +280, +190, +170, +230, +265, etc. They really started to suck in the later half of Q2, which was when I became very aggressive betting their opponents.
They managed to pull themselves out of the basement region of my ranks in the last few weeks of the quarter, bouncing all the way back up to #10. The biggest story was the complete collapse of their offense, dropping from 3.1 goals scored per game down to 2.3. Jake Allen was ostensibly the same goalie in both quarters, but Sam Montembeault got worse, dropping from a .915 SV% down to .889. Yet I got massacred betting his overs, because he started the first 2 games of the quarter, which was when the bulk of my O/U Montreal losses occurred.
11) St. Louis Blues, ($1,333):
Just when you think it's safe to bet the St. Louis Blues (on a 7-game win streak) Jordan Binnington gets lit up for 6 goals by a team that had lost 8 of 9 and was on a back-to-back. I should have heeded my rule "never trust the St. Louis Blues to win or lose". 🤦♂️ #NHLpicks
— Hockey Economist (@Hockeconomics) November 24, 2022
Shifting back and forth from hot to cold is tough for bettors, and the only thing that saved me from a complete ass-kicking was the remarkable profitability of their overs. Jordan Binnington posted a respectable .912 SV% in the first quarter, but that plunged all the way down to .874 in Q2. He started a majority of their games, despite back-up Thomas Greiss posting far better numbers. Surely he was getting starts against weaker opponents, but still posted a .916 SV% in 6 starts, which was up from .906 in the first quarter.
Not only were the Blues a significantly worse team in Q2, they were better on the road than at home, which is partly to blame for my significant loss when betting them to win or lose. Most of my lost money occurred when the Blues were on the road. What’s strange about that is that I actually bet the Blues more often than not on the road, but from Thanksgiving to Christmas, they were 1-5 when I bet them to win on the road, and 4-1 when I bet their opponents. They were almost always underdogs on the road, and there was a strategy shift on my part to start betting underdogs in Blues games. If anything can happen when they play, just give me the higher payout.
12) Arizona Coyotes, ($1,303):
Of course I broke my streak of 18 consecutive games betting Arizona to win, staying on the bandwagon too long as they lost 10 of 11 games...betting the Boston moneyline and puckline tonight. Then my damned #Yotes beat the best team in the league as a +275 dog. 🤦♂️ https://t.co/34v9OsuQue
— Hockey Economist (@Hockeconomics) December 10, 2022
I disembarked the bandwagon just in time for David to slay Goliath, costing me -$650. It’s worth noting Boston outshot Arizona 46-16, but Karel Vejmelka personally stole my money. My love for Arizona was dependent on Karel Vejmelka starting in goal (who did decline from a .909 SV% down to .898), as I actively avoided betting on Connor Ingram to win. All that was written in my game notes for the Buffalo game was “not Vejmelka”. Ingram barely played, but was bad when he did (.886 SV%). Though Ingram did defeat the Colorado Avalanche shortly after Christmas, but without Nathan MacKinnon (among others) missing from the line-up.
This team was on the road for almost the entire month of November, winning 5 of their first 7 home games after that extended road trip (with me betting them to win 5 of those). After that win against Boston, my money reverted back to the Coyotes, minus one game against Buffalo where I bet the Sabres. If it wasn’t a back-to-back for the Yotes, I probably would have bet them that game too (I love Buffalo but not at -150 on the moneyline). Eventually I won back the money lost on the win vs Boston, but it took a couple weeks.
The Jets were one of the best under bests in the first quarter, but their goal scoring increased considerably in Q2, at least for the first few weeks (that was one area that got worse without Wheeler). The increased offense did come at the expense of some defense, as their goal allowing did increase by 0.3 per game, but these two factors made their overs a better wager, though eventually the offense would cool down and the unders started to pop again. Their overs were on an 8-4 run when Wheeler was injured, and their unders went on a 7-1 run after losing their ex-captain.
The Jets were actually a good team to bet -1.5 goals in Q2, profiting $850 if you bet $100 on each (up from just $45 in Q1). They won 15 games and 11 of those were by at least 2 goals. Connor Hellebuyck did decline from a .935 SV% to .923, but was still elite. His unders only went 9-8 because of the goal support, but my O/U algorithm pulled a nice profit from both sides. Whereas Rittich unders went 4-1-1. I was a big winner betting Hellebuyck to win, and a loser when betting Rittich to win (getting caught with a few larger wagers expecting Helley but getting Big Save Dave instead, who went 3-3).
14) Florida Panthers, ($1,238):
Note to self: In their last 15 games, the Florida Panthers have 1 win against a team currently occupying a playoff spot... 🤨 #NHLpicks
— Hockey Economist (@Hockeconomics) January 8, 2023
Note to self: Stop betting the Washington Capitals to lose... 🤦♂️ #NHLpicks
— Hockey Economist (@Hockeconomics) December 12, 2022
(they've now won 7 of their last 10)
The Carolina Hurricanes are 14-2 since this 👇 Tweet. From a betting perspective, I would have been better off never noticing they'd been slumping. I've been fully aboard their bandwagon for the last two weeks and should have boarded sooner. 💰 #NHLPickshttps://t.co/xxCfdcWD9K https://t.co/kbw2lKKpbe
— Hockey Economist (@Hockeconomics) January 4, 2023
The Vegas Golden Knights are 8-8 at home and 14-3 on the road. Perhaps they need to add additional protocols to protect their own players from the "Vegas flu"... 🤔 #VegasBorn
— Hockey Economist (@Hockeconomics) December 19, 2022
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