For bettors, the Blackhawks' streak beats the Heat's
If you’ve tuned into a popular sports talk show this week, chances are you’ve heard what has become the hottest debate in sports. And that argument is this: Which is more impressive – the Chicago Blackhawks’ 24-game point streak or the Miami Heat’s 16-game winning streak?
From a sports betting perspective, it’s not really up for dispute. We have a clear winner, measured by the only thing bettors use as a gauge - money.
If you bet $100 on the Blackhawks every night over their 24-game streak (in which they got at least one point in the standings for those out of the NHL loop), you’d be up a tidy $1,309.04.
Not too shabby, especially considering they lost three of those games in a shootout, which is also a loss at the sportsbook.
The Heat, on the other hand, are 10-6 ATS (against the spread) during their impressive run. With 10 percent juice on each one of those bets (-110), a $100 wager on all 16 of those games would net you $509.10.
That means Blackhawks bettors won $799.94 more than Heat bettors during the two franchise-setting streaks.
Stay with me, now.
For those who are crying foul because we’re comparing the spread to moneyline, I disagree with that argument. I’m comparing the two most common ways that the majority of people bet the NHL and NBA - which is using the moneyline for NHL and the spread for the NBA.
But just for comparison sake, if you’d bet $100 on the moneyline for all 16 Heat wins, you’d only be up $582.73. You’d have 16 wins at the sportsbook, but you’d only be up about $75 more than you’d make betting the spread.
That’s still $726.27 less than if you bet the moneyline on all 24 Blackhawks games.
Again for argument sake, let’s compare Chicago’s puckline profit compared to Miami’s against the spread profit. This is the one area that Miami has its NHL counterpart beaten.
The Blackhawks are just 10-14 on the puckline this year (a 1.5 goal spread), which has translated to $86 in profit. For those who don’t know, there’s a profit with a losing record because Chicago has been the favorite in just about every game and the payout is usually big when a team is laying 1.5 goals.
It’s a bit of an apples and oranges comparison using the puckline versus the pointspread because the goals on the standard puckline never change, only the juice does.
Either way, these teams are winning a lot of cheese for smart bettors these days. You’d just have a bigger pile of it if you were betting the Blackhawks moneyline.