Saturday, October 13, 2018

Betting Market Rankings for the NHL

In what is surely the second most exciting development of the NHL season, I have added hockey to my suite of betting market team rankings. For those unfamiliar, the basic idea of these rankings is to reverse engineer an implied team ranking from the game by game point spreads, moneylines, and over/unders. See my post at the Advanced NFL Stats Community site for a basic overview of the concept. With this latest addition, I now have daily market rankings for the NFL, College Football, NBA, WNBA, College Basketball, MLB, and the NHL.

The nice thing about market derived rankings is that you can get a reasonable ranking with a relatively small sample size. We are just a week into the season, and the rankings already pass a sniff test. The top 5 of Tampa Bay, Nashville, Winnipeg, Toronto, and Pittsburgh in my rankings are also the top 5 favored teams to win the Stanley Cup.