Hockey pools for profit: A simulation based player selection strategy

The goal of this project is to develop an optimal player selection strategy for a common playoff hockey pool. The challenge is to make the strategy applicable in real time. Most selection methods rely on the draftee's hockey knowledge. Our selection strategy was created by applying appropriate statistical models to regular season data and introducing a reasonable optimality criterion. A simulated draft is performed in order to test our selection method. The results suggest that the approach is superior to several ad-hoc strategies.