Saturday 26 October 2024

Billions, Drama and Fading in the NHL

Tesla had a rather good finish to the week with the stock up 26% since Wednesday after their Q3 earnings report was released.  

Elon Musk made about $35billion on the day, so his net-worth spreadsheet updates last night would have been an enjoyable task. I assume I'm not the only one who tracks these things almost daily... 

My gains were a little less than those of Musk, and not enough to pull October into the green, but it at least made a dent in the red. 

The World Series got off to a dramatic start last night, with the game going to extra innings, the New York Yankees taking a one run lead in the 10th before the Los Angeles Dodgers hit a grand slam home run with two outs for a walk-off win.

It's unlikely that tonight's Game 2, or any game for that matter, will match that one for drama, but in sport you just never know.  

I mentioned the idea of fading popular teams recently, and Thomas suggested that in the NHL:
The popular team fading works the best for the Toronto Maple Leafs.

Overall, for the past ten seasons, backing the Leafs straight up or on the Puck Line in every game gives the third worst outcome of the 33 teams - Utah are new this season and have just six matches to their name so far. 

As Thomas added, when they are playing against a losing team they are top of the list with an official ROI of -12.7%

It's impossible to get a definitive answer on which team in the NHL is the most popular, in Canada but the most popular team there appears to be either the Leafs of the Montreal Canadiens who rank ninth worst in both scenarios. 

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