The NHL Season kicked off the 2008-09 season in the Czech Republic and Sweden with a few games this past weekend. The NHL brings the games “back home” to North America, with most teams facing off for the first time this season — on Thursday or Friday. SportsInsights has been busy getting you, our Members, updated statistical information on how SIs’ philosophy of “betting against the public” performed over the past three seasons. Although the NHL isn’t the most popular sport, many sports investors are excited to have the NHL season start. The NHL offers many profit opportunities — with many teams playing many games. The information on this site is for entertainment and educational purposes only. Use of this information in violation of any federal, state, or local laws is prohibited.
The research for this article is based on the three seasons since the 2004-05 NHL Season (the year lost to the strike). The NHL instituted some major rules after the strike. Most notably for sports bettors: overtime and the shootout have eliminated “ties.” This led to the elimination of the 0.5 goal spreads and made the NHL more of a “pure moneyline” sport like baseball. The NHL data includes:
Betting System Ideas
Over the years, SportsInsights has shown that “Betting Against the Public” can help give you an edge. It is interesting that in the case of the NHL, we saw last year that a filter that helps “fading the public” results is to take a narrower range of odds. Please visit our recap of academic studies on sports betting on the NHL and other sports as well as on football. Here are some other thoughts on betting system development:
Thoughts on the NHL
Betting Against the Public — NHL
“Betting Against the Public” is a contrarian approach that can help investors identify “value.” Like last year, we limit the “betting against the public” to relatively close games — that is, games that have an opening line in the range of + or -140 on the home team. We show the units won as well as a “return on investment” type of number for a range of “betting percentages.”
Table 1: NHL and Betting Against the Public (-140 to +140 Range) (2005-2008, Three seasons)
|Betting %||Units W/L||ROI||Win %||Num Games|
We hope you will use this and other SportsInsights tools to help you invest in the sports marketplace. Our Premium and Premium Pro Members can access even more tools to make the upcoming NHL, NBA, and College Basketball Seasons — as well as current NFL and College Football Seasons — “profitable Sports Investing campaigns.”
We do not guarantee that the trends and biases we’ve found will continue to exist. It is impossible to predict the future. Any serious academic research in the field of “market efficiencies” recognizes that inefficiencies may disappear over time. Once inefficiencies are discovered, it is only a matter of time before the market corrects itself. We do not guarantee our data is error-free. However, we’ve tried our best to make sure every score and percentage is correct.