There are a lot of ways you can bet on the NHL. It does not have to be limited to what side to play, how much they're going to win by, or how many goals are scored, whether it happens in the first, second or third period, or whether it is in regulation only.
There's a very colorful prop you can play just about every night there is an NHL game. It's called the "Grand Salami," and essentially what it does is take all the games put together and assign some kind of betting numbers to it.
At America's Bookie they don't "hide the salami." Rather, they carry it for you on each NHL night. We are going to take a look at a sample and how you might want to go about analyzing it, without having to throw all of it into a computer program.
Okay, let's start with the first one. We took a quick look at the games and the stats associated with the teams involved.
The teams that were home on Tuesday night - grouped together - have averaged 3.1 goals per game on their home ice. The road teams, as a group have averaged 2.74 goals per game when playing away from home.
That's not the end of it, however. Goals that a team is able to score are always going to be a function of the other team's propensity to allow goals, given the situation.
As such, we have to look at how many goals a home team allows at home, because that will have an impact on how many goals the opponent will be able to get. So in this case, the nine home teams on this slate have permitted an average of 2.67 goals per game on their own ice. And the road teams allow an average of 2.92 goals per game away from home.
Often, you're going to find a tremendous disparity between what a team scores at home and what they score on the road. An extreme example of that is the New York Islanders. They have scored 3.94 goals per game at the Nassau Coliseum, but only 2.15 per game when they're out of town. Wow!
As we tooked at those numbers we just showed you and did some simple interpolation, we came up with an expected 3.01 goals per game from the home teams (which gets us to 27) and 2.7 goals from the visiting teams (24.3).
Out of the 5.7 goals in that equation, the home team will have 52.6% of those goals, with the away teams scoring 47.4%.
Okay, so what does our proposition say?
Well, if the home team goals are -115, that is an implied probability of 53.5%. The away team goals are -105, which is an implied probability of 51.2%.
Naturally those aren't the same as the "real" odds. But they represent the price we have to pay to take either side. The way it looks, the price on the home team goals, in this model, are closer to what the odds really are, and thus may bring you more value.
As far as the total goals in the Grand Salami are concerned, well, if you want to do it in a simple way, you can multiply 5.715 (which provides us with a more precise figure) by nine, which gets us to 51.435 goals. Obviously, that is very close to the number that the oddsmaker has set forth (51.5).
Yet it's still a little lower, isn't it? And remember that you have to lay a price to go "over," which in the prop has an implied probability of 55.6%. On the other hand, the "under" priced at +105 carries the implied probability of 48.8%. In this particular case, you may be closer to the value in this prop when you go "under."
Of course, we are using very simple methodology here. There are other factors that could impact the way you should go, such as the way teams have been performing in recent games, injuries, which goaltenders are playing, and so forth.
The point is that if you employ a little homework, the "salami" is less likely to leave a bad aftertaste.
Charles Jay is unlike most analysts associated with
handicapping and the gaming industry, in that he also has had extensive
experience in the so-called "mainstream" media as well.
He has been involved with professional sports industry for
almost two decades, working in all capacities, as a matchmaker, booking agent,
manager, and also as an editorial consultant on USA Network's "Tuesday Night
Fights," which, for a time, carried "Charles Jay's Line" on
upcoming fights. As a broadcaster, he has called world title fights around the
world for various outlets, and has served as a color commentator for Sunshine
Network and Prime Network.
His radio experience includes being the host of numerous
programs, including "Sportswatch with Charles Jay" on KDWN in Las
Vegas, "Total Action" on WAXY 790 in Miami, and "Charles Jay's
Winning Edge", syndicated into 55 markets by the American Radio Networks,
and he's done podcasts on all subjects related to sports, gaming and popular
Working within the casino industry, he has a special events
consultant for Casino Magic in Mississippi, as that venue established itself in
the early 1990s as a hotbed of boxing activity in particular. Prior to this, he
had been engaged as a casino gaming columnist for, among others, Casino Player,
Card Player and Sports Form (now known as Gaming Today), specializing in
blackjack. And later on, his investigative series on boxing, entitled
"Operation Cleanup," won him much critical acclaim, including the
2003 "Dignity" Award, in the category of "Best Sports
Writer," as bestowed by the Retired Boxers Foundation, a non-profit
organization dedicated to rendering assistance to ex-fighters in need.
In 2006 he established a content services division of his
company, which has eventually evolved in JayWords, and he is arguably the
world's most prolific sports & gaming writer, with over 20,000 articles to
his credit, the vast majority of which have been sports handicapping pieces. So
you might say he has analyzed as many sporting events as anyone alive during
this period. He has also brought some interest with his so-called
"gimmick" odds on special events, including the Academy Awards, the
NFL Draft, and the Super Bowl, for which he posted dozens and dozens of
different odds propositions with various sportsbooks.
This renaissance man is a winner of the Retired Boxers Foundation's "Dignity Award" and a member of the Florida Boxing Hall of Fame; graduate of the University of
Miami (Florida) who currently resides in the South Florida area.