A different approach to who the real victors were in the Sochi Winter Olympics shows the Slovak Republic finish in fifth place in the table with its humble single gold medal won by Anastasia Kuzmina.
The analysis from valuepenguin.com applies a medal points, per-capita approach to the medals table, even taking country wealth into account, producing Slovenia as the outright winner followed by Austria, the Netherlands, Croatia, then Slovakia in fifth.
by Brian Quinn
Yeah, yeah, we know that Russia won that overall medal count (and the most gold medals), but is that really the best indicator of Olympic victory? We don’t think so. For starters, for almost the last twenty years either Germany or the United States has won the final medal count. Obviously there are some great winter sports athletes in both countries, but the reality is that both nations have a lot working in their favor if you’re going to judge victory on total medals.
For starters, many of the top performing countries have significantly larger populations than their peers. Is it fair to judge Russia’s success (144 million people) with the medal count of Croatia (4 million people)? Secondly, the majority of Winter Olympic sports are pricey and the reality is, poorer countries have a harder time supporting their athletes with world-class training facilities, coaches, and equipment. We take that into account. And finally, we think temperature comes into play. It’s not much of a stretch to say that the Canadians have more favorable winter sports conditions than Australia, as an example.
So the team here at ValuePenguin wanted to take a deeper dive and see if we could determine who in fact overcame the largest odds at this years Sochi Olympics, as we give you our list of the top teams at the 2014 Winter Games.