The day has finally arrived! The puck
drops tonight and the race for the 2018 Stanley Cup is on. While there are
still 1,271 games to be played between now and the playoffs begin, everyone
wants to talk about who will win the Cup. Will it be the Penguins getting the
three-peat? The young Oilers or Leafs breaking through? Will Ovechkin, Backstrom and Holtby finally figure things out?
And, like every year, a lot of the
digital ink spilled on answering these questions is related to the odds posted
at Las Vegas sports book.
Now, don’t get me wrong, I talk about
sports gambling odds a lot because they are a great source of information. And, as will be seen below, there is definitely correlation between these odds
and playoff success. That said, nobody should be writing whole seasons off because
of them. Rookies blossoming, injuries at the top, career seasons or prolonged slumps can happen to any team. As such, I thought it would be fun and interesting to look at the last 10 years of these types of odds to see what can be gleaned. I found a great site
that has the odds for the last 10 years that you should check out if you are interested
to see for yourself (it also shows odds throughout the season and playoffs). As the history shows, there are any number of reasons to swing the preseason odds
between now and the end of the year.
Case in point: last season the Toronto
Maple Leafs started the season tied for the words odds at winning the Stanley
Cup (tied with Carolina), but, not only qualified for the playoffs, they pushed the President’s Trophy winning Capitals to overtime in game 6 in
the first round of the playoffs.
It is important to remember that the
Stanley Cup odds are just a number put out by sportsbooks based on public
information and weighted for public betting patterns. To prove the point, in
the last 10 years, the preseason Vegas odds have predicted the correct Stanley
Cup winner only once! Before the 2014-15 season, the Blackhawks were the
favourite (+700) and went on to capture the Cup.
Now, in reviewing the numbers, they are
clearly not random. In the past 10 seasons, 8 of the Stanley Cup winners have
come from the top 5 ranked teams (presently that would include Pittsburgh,
Edmonton and Chicago, as well as the 6 teams tied for 4th in Washington, Tampa
Bay, Anaheim, Nashville, Toronto and Dallas).
The numbers aren’t perfect, though. The
2011 Stanley Cup was won by the Boston Bruins, who entered the season ranked 9th.
The LA Kings then one-upped them 12 months later, winning the Cup after beginning
the season as the 10th ranked team.
In the past 10 season, an average of
1.8 top 10 preseason teams have missed the playoffs. Alternatively, on
average, 2.8 bottom 10 preseason teams have made the playoffs. Rounding
these numbers off, that means if this year is an average year, we could see 2
of Pittsburgh, Edmonton, Chicago, Washington, Tampa Bay, Anaheim, Nashville,
Toronto, Dallas, Minnesota and the New York Rangers miss the playoffs, while
starting ranked in the top 11 (because of ties).
Alternatively, 3 of Las Vegas,
Vancouver, New Jersey, Colorado, Arizona, Detroit, Carolina, Buffalo, Winnipeg,
Philadelphia and the New York Islanders could make the playoffs while starting
ranked in the bottom 11 (because of ties).
But let’s take a closer look at some of
the Nation Network teams and what their starting position suggests about their
odds of making the playoffs or winning the Stanley Cup.
The odds I am using for this season can
be found here (Bodogs odds as of September 20). Let’s start from the bottom and work our way up.
THE NATION NETWORK TEAMS
Vancouver and Detroit
And if we are starting at the bottom,
it doesn’t get any lower than this. As of September 20th, there was
a 6-way tie for rock bottom at +10,000 odds of winning the Stanley Cup. Is it
really as hopeless as that astronomical number might suggest? Should fans just tune out and wait for the draft lottery? Maybe not.
In the last 10 seasons, 28 teams had
preseason odds of winning the Stanley Cup of +10,000 or worse. Of those 28
teams, 3 of them have gone on to qualify for the playoffs, being Colorado in 2010, Florida in 2012 and Calgary in
2015. The Calgary Flames in 2015
(+12,500) even went on to win a round in the playoffs.
An honourable mention should also
go out to Toronto last year, who started tied for last with +8,000 and
qualified for the playoffs, too.
Let’s not sugar coat it, 3/28 (10.7%) or even 4/30 (13.3%, adding in the two last place teams of +8,000 from last season) aren’t great odds, but 10.7% or 13.3% are certainly better than you might think when
looking at astronomical odds like +10,000. Plus, as the 2006 Oilers and 2012 LA
Kings showed, even 8th place teams that squeak into the playoffs can go on
magical runs (the Oilers to the Cup final and the Kings all the way to Cup
So take comfort Canucks Army and Wings Nation!
All is not lost and your teams may still surprise you.
Things are getting better by the time
we get to the Winnipeg Jets, starting the season with +5,000 odds of winning
the Stanley Cup, which puts them in a 5-way tie for 21st (as of
September 20). Because we are looking at more of the middle of the pack, I want
to look at a range. At this point in the rankings, the odds are pretty “chunky”
(i.e. large increments), so I will look at all the teams ranked at or between
+4,000 and +6,000.
In total, there were 51 teams within
this range, or roughly 5 per year, which accords with the 7 we see in the
sample I am looking at, with the teams usually falling in and around the 20th
spot. Of the 51 teams, 17 of them made the playoffs, or 1/3 exactly.
Those 17 teams managed to accumulate 7 playoff series wins. Admittedly, that doesn’t
sound super rosy, but solace can be taken from the best team in that cluster,
the 2011-12 Phoenix Coyotes, who started the season with +4,000 odds of winning
the Stanley Cup (18th in the league) but made it to the Conference
Finals, losing to the eventual Stanley Cup Champion LA Kings.
Things are getting even better by the
time we get into the Calgary Flames range. The Flames, according to the numbers
I am looking at, are sitting at about +2,500 on September 20, which puts them
at 3-way tie for 15th. Again, because we are looking at more of the
middle of the pack, I want to keep looking at ranges. However, at this point we
are starting to get more gradation by this point, and so I will narrow the
range a bit. Thus, I pulled all data on teams at or between +2,000 and +3,000.
In total, there were 59 teams within
this range, or roughly 6 per year, which accords with the 7 we see in the
sample I am looking at (there were 7 in each of the last 2 years, as well),
with the teams usually falling in the middle of the preseason rankings in the
middle 10. Of these 59 teams, 30 of them made the playoffs. That is a better
than 50% success rate. Those 30 teams managed to accumulate 21 playoff series
wins. Now, that doesn’t sound too promising, less than 1 win per playoff appearance,
but there are two darlings in the sample set.
In 2012 the New Jersey Devils started
the season with +2,800 odds to win the Stanley Cup but proceeded to find some
magic in a bottle that took them on a brilliant playoff run that turned out to
be the final NHL playoff appearance for Martin Brodeur, Patrik Elias and Ilya
Kovalchuk (up to this point). Those Devils finished 6th in the East and went
all the way to the Stanley Cup Finals and lost in 6 games to the LA Kings.
In 2014 the New York Rangers started
with odds of +2,200 and found some magic of their own, finishing the season as
second in the Metropolitan Division and beating Philadelphia and Pittsburgh in
back-to-back 7 games series (the first time that had happened), before
advancing to the SCF and losing, coincidentally, to the LA Kings, a team which
by this point had established itself as a legitimate Stanley Cup contender
chasing dynasty status with its second Cup in 3 years.
Toronto is starting the season with +1,400 odds of winning the Stanley Cup, which puts them in a 6-way tie for the
number 4 spot (along with Washington, Tampa Bay, Anaheim, Nashville and Dallas). The good
news is that that means Toronto is in the top 10, which accounts for all of the
last 10 Stanley Cup winners. It is a little anomalous to have that many teams
clumped in the number 4 spot, but not unheard of. In the last 10 years, there
have been 14 teams ranked number 4 or tied for that spot.
All 14 of those teams made the
playoffs and, in total, they won 20 playoff series between them!
Even more impressive, the no. 4 ranked
team has accounted for 3 Stanley Cup Champions: the ‘10 Blackhawks, the ‘14
Kings, the ‘17 Penguins. Pretty good company if you ask me.
As you will see under the next heading,
these numbers are actually more impressive than the no. 2 ranked teams. As such, Leafs Nation should be feeling pretty good about where they are sitting right now.
On the bad news front, only one team
starting the season ranked no. 2 has won the Cup in the last 10 seasons. On the
good news front, that team was the 2008-09 Penguins, a young group led by a
rising Crosby, Malkin and Fleury that had tasted playoff success the year
before and a lot of people like to compare this Oilers team to. Of note,
the Detroit Red Wings, the then perennial powerhouse team coming off a Stanley
Cup win started ranked no. 1, very similar to the Penguins of this year.
That said, there was one preseason no.
2 to miss the playoffs over that period, the 2014-15 Bruins. In total, the 12
teams that started 2nd or tied for second over the 10-year period made 11
playoff appearances and accumulated 11 playoff series wins that can be broken
down as follows
- Lost in the first round 4 times
- Lost in the 2nd round 5 times
- Lost in the Conference Finals 1
- Made it to the SCF but lost 0
- Won it all 1 time
Evidently, being loved by gamblers at
the beginning of the season does not offer much insight into how the season will
go. Guys go on slumps while other go on tears. Some guys get injured while
other teams are charmed and avoid major injuries all together. The Vegas odds
are a good indicator of roster strength, but are not actually very good at predicting
winners. A relatively low scoring team sport like hockey is too random, presently, to predict 9 months in advance. Even the worst ranked team has overcome low preseason expectations to
make the playoffs.
Based on historical numbers the Canucks and Red Wings have a ~10% chance of making the playoffs, while the Jets have a ~33% changes, the Flames a ~50% chance and the Leafs and Oilers a ~100% chance.
But serious, enough of all this prognostication. Start playing the
damn games already.