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FTB: Care to bet on which city will be an NHL hub city?

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Everyone is looking for something to bet on these days.

Scenes of Toronto Photo by Gary Hershorn/Getty Images

Will Toronto be a ‘Hub City’ for the NHL playoffs? Will we find out the answer anytime soon? Will we keep asking this question because there’s some reason they haven’t confirmed this yet?

I suspect the answer to all three of those questions is ‘yes’.

Yesterday, news broke that the Canadian government would basically do what is necessary to allow the NHL to arrange for somewhere in Canada to be selected. The league has made no secret of the fact they would prefer Toronto to be the Eastern hub, with Las Vegas being the western hub.

Of course, this is not confirmed yet, and Edmonton and Vancouver are apparently still in the running, but, well, that seems only for show. We will soon get a press release saying that “after very careful consideration, and an exhaustive review process involving public health experts” Toronto is selected as the Canadian hub city.

Or not. We continue to wait for the NHL to say or announce, well, anything. Like when is that “early June” NHL Draft happening?

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And, speaking of betting... with no sports to bet on, gamblers are turning to even more certain to lose-your-shirt opportunities.

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Millions of small-time investors have opened trading accounts in recent months, a flood of new buyers unlike anything the market had seen in years, just as lockdown orders halted entire sectors of the economy and sent unemployment soaring.
It’s not clear how many of the new arrivals are sports bettors, but some are behaving like aggressive gamblers. There has been a jump in small bets in the stock options market, where wagers on the direction of share prices can produce thrilling scores and gut-wrenching losses. And transactions that make little economic sense, like buying up the nearly valueless shares of bankrupt companies, are off the charts.