NHL Sports Betting Market Report for Wednesday, December 20th, 2023

ATS STATS – The NHL betting market for Wednesday, December 20th, 2023, showcases some significant shifts and trends across the Straight Up (SU), Over/Under (OU), and Against The Spread (ATS) markets. Here's an in-depth analysis based on the latest Sports Betting Index (SBI) data:

Straight Up (SU) Performance:

• 1-Day Performance (Dec 19): A surprising bearish trend with underdogs winning 73% of the games.
• 3-Day to 7-Day Range: Over 3 days, the market also remains bearish (42.3% for favorites), while the 7-day trend balances out to neutral.
• 1-Month to Year-to-Date: Despite recent fluctuations, the longer-term trend continues to be bullish for favorites, holding at around 58.8%.

Over/Under (OU) Performance:

• 1-Day Performance (Dec 19): A bullish day for OVER bets, with a 64% success rate.
• 3-Day to 7-Day Range: The 3-day range follows this bullish trend (61.3%), while the 7-day range shows a more neutral trend.
• 1-Month to Year-to-Date: The longer-term trend remains neutral, with a slight inclination towards UNDER bets.

Against The Spread (ATS) Performance:

• 1-Day Performance (Dec 19): A strong bearish trend for favorites against the spread, with only 27% covering.
• 3-Day to 7-Day Range: This bearish sentiment is even more pronounced over 3 days (22.3%) and remains bearish over 7 days (21.1%).
• 1-Month to Year-to-Date: Over the long term, the trend remains consistently bearish for favorites covering the spread.

Key Insights:

• Shift in SU Market: The latest day’s performance marks a notable shift, with underdogs outperforming favorites.
• Scoring Trends: The OVER bets have shown strength in the short term, indicating a trend towards higher-scoring games.
• Caution in ATS Betting: The consistent bearish trend in ATS suggests that underdogs are more frequently beating the spread, a trend bettors should consider.

Conclusion:

For December 20th, the NHL betting market shows a significant change in the SU market with underdogs taking the lead, a bullish trend in short-term OVER bets, and a continued bearish trend in ATS betting. Bettors may want to approach the market with caution, particularly when considering favorites against the spread.