Showing posts with label Las Vegas Line. Show all posts
Showing posts with label Las Vegas Line. Show all posts

Wednesday, April 14, 2010

Sam Bradford's 2010 season; the over/under number is 3

Las Vegas is not yet taking over/under action on Sam Bradford, but they should be. The over/under number should be 3. Three is a magic number, yes it is.
  1. With what pick will Sam Bradford be selected in the 2010 draft? The over/under number is 3.
  2. The week of the 2010 season where Sam Bradford gets his first NFL start: The over/under number is 3.
  3. The number NFL starts before Sam Bradford suffers a season ending injury? The over/under number is 3.
  4. The number of touchdown passes Sam Bradford throws before his season ending injury in 2010? The over/under number is 3.
  5. The number of sacks Sam Bradford will suffer before taking his season ending injury? The over/under number is 3.
Those should be your 5 magic over/under bets on Sam Bradford, oh ye Las Vegas lines. How would I be them?
  1. Under: Whether he is taken by the Rams or the Browns, Bradford will probably be the top pick.
  2. Under: The Rams will throw Sam in the shark tank immediately. The Browns will start Del Homme twice and after 14 turnovers, Sam goes in.
  3. Under: If the Rams select Bradford, he's going to have a tough time making it to week 3 before suffering his season ending injury in 2010. If the Browns take him, he'll have a tough time making it to week 5 before the Steelers or Ravens kill him.
  4. Under: If the Rams select Bradford, he's going to have to find a little target named Donnie Avery for legit TD passes. It will be hard to squeeze off 3 of those before Sam suffers his season ending injury of 2010.
  5. Over: I think Sam will be sacked more than 3 times before suffering his season ending injury of 2010. This is true regardless of whether the Rams or Browns select him.
It sucks to be Sam. I feel bad for you man. The stars are poorly configured for your near-term future. I wish you the best. I hope I am wrong. I hope you turn out to be the A.P. Offensive Rookie of the year, but I certainly cannot bet on it.

Saturday, February 6, 2010

Let's reason about significance of Vegas for just moment

I happen to know a lot of betting men at work and through friends. They, like most others, have been swept up in the hoopla about the Colts during this past week. They have contributed towards that strange figure everybody is talking about: 68.5% of all SB44 betting money has been placed on the Colts.

I am proud to say that I have deeply troubled these betting men with my assessment of two great computer simulations of the game.

  1. The EA sports Madden 2010 simulation which picks the Saints to win 35-31
  2. The PredictionMachine.com simulation which says that there is a 79.4% chance that the Colts will not cover the 4.5 point spread. {Remember, the Colts have to win by 5 or more points, or you loose money.}
What ever in the world do these two points mean? First, let's recognize the most obvious fact: If Colts should happen to win by 5 or 6 points, there will be a financial bloodbath in Las Vegas. 68.5% of the betting shares will have to be paid out. This is at a time when Vegas is deeply injured by recession.

Fortunately for Vegas, the odds of a financial Bloodbath are very low. According to the most Colt-friendly computer projections, there is a 79.4% chance that that Colts will not cover the spread. Let's not forget that the Madden 2010 simulation picks the Saints to win straight up.

Just to refresh you memory a bit, PredictionMachine.com stated that the Colts won only approximately 51% of the matches in their 50,000 match series. The Saints won approximately 49% of the time. Less than 1 point per game differentiated these two teams, when all scores were averaged. In 60% of their simulated victories, the Colts failed to cover the spread of 4.5 points. I remind you that this is the most Colt-friendly interpretation of the performance data you will find.

The correct interpretation of this data is as follows: This is an unbelievably tight match up of equally great, and similar, football teams. There is a razor thin difference between them. This match could go either way, depending on the breaks. The odds of a laugh-in or a blow-out are extremely low. There are really only two ways we can see a blow-out in this game:
  1. Serious injuries would have to be sustained early by one side.
  2. One side would have to come out and lay an egg, really stinking up the joint with serious errors.
Most experts and the software do not predict either event. PredictionMachine.com says that there is a 90% chance that the Colts won't win by 14. It also says that there is a 90% chance that the Saints won't win by 14. Remember, there is only a 20.6% chance that Colts can even cover the spread.

Vegas knows this. Vegas has intentionally set the spread so that they have an overwhelming (at least 79.4%) chance of collecting that 68.5% of betting money that went down on the Colts. They are in this business to make money, not to lose money. It does not pay Vegas to pick the winner. Vegas wins when you lose. The spread has been set to pretty well ensure you will lose your bet on the Colts. Vegas wasn't built on winners. Vegas was built on losers.

With that said, it should be noted that former Colts coach Tony Dungy has stated publicly that he does not believe SB44 will be close. He says it will be a snoozer with the Colts winning by 2 TDs. The Colts will hold the lead all game long.

When asked why he thinks that, Dungy states that Vikings laid an egg with 7 turnovers, and the Saints still only won the game by a field goal in overtime. The Colts will not turn over the football 7 times. The Colts, on the other hand, wasted the most powerful defense in the league. Ergo the Colts deserve to be there and the Saints don't?

You'll pardon me for saying so, but this is the purest example of human bias I have ever seen. Not only does his paternal pride show through, but he hyper-extends just one point of data when are 17 others to consider for each team. There is a way to hyper-extend one point of data such that you break your neck and your back. This is what human biases do to you. Don't buy off on it.

Why I am not concerned about the Championship games and their outcomes? I'll tell you why:
  1. The Jets sustained serious injuries in their secondary during the course of the AFC champions game. This is why their coverage broke down, and they were forced to stop blitzing.
  2. The Jets may have been the #1 defense in the league this season, but that isn't saying a whole lot. There was no legendary defense in the NFL during 2009. The Jets' defensive statistics do not compare favorably with those of the great defenses of the past.
  3. We knew the Jets did not have the offensive fire-power to keep pace with the Colts.
  4. The Saints began to play in a very odd, and conservative manner once the Vikings began to turn over the football. It is as if their confidence rose to a point where they did not feel they needed to be aggressive or take risks. They were confident that the Vikings were self-destructing. They took it easy, presuming the win was in the basket. This resulted in a much closer match than I expected.
  5. I expect to see the same Saint team we saw against Arizona. This is a Saint team that is greatly concerned about the scoring prowess of their rival. I expect the Saint offense to swing for the fences and attack ruthlessly all game long. They know they are going to have to outscore the Colts in a scoring match. Even if the Colts begin to drop the ball, I expect the Saints to attack viciously and relentlessly.
So there you have it. If you took the Colts and the points, you are a stupid sucker. The most likely outcome of this game is that the last team to have possession of the football will probably win by a last-second field goal in regulation. This scenario cannot result in the spread being covered.

Wednesday, January 27, 2010

So Las Vegas is running away with the Colts?

So, shortly after the NFC Championship game finished up in New Orleans, I heard reports that the Colts had been selected by Vegas as the favorite in SB44. I was mildly surprised. I would have expected them to go the other way. It would appear that a lot of gamblers jumped on the Colts' ship immediately, because the point-spread increased 2 points.

Let me give you a wise piece of betting advice. Take the Saints and the points. You can't go wrong. Either the Saints will win out-right, or the Colts won't cover the spread. Either way, you win money.

Why is Vegas making his mistake? Maybe they are not making a mistake. The system of favorites and point spread is designed to attract roughly equal quantities of money to both sides of the equation. In this way, the house always wins. It is not important for Vegas to correctly pick the winner. It is important for Vegas to manipulate the numbers to maximize profits. Vegas wasn't built on winners. Vegas was built on loosers. If they lead you to believe that the Colts will win when they are about to lose, Vegas wins.

If you think the Colts are going to scarper off easily with the title, your on drugs. If all goes according to plan, this is going to be an ultra-shootout. The last team to hold the football wins. The common logic says that these are two offensive juggernaughts. But are they really both offensive juggernauts? Let me tell you a few things you might not know.

1. The Saints are #1 in the NFL in total yardage with 403.8 yards per game.
2. The Saints are #1 in the NFL in total points with 32.9 per game 510 total.
3. The Colts are #9 in the NFL in total yardage with 363.1 per game
4. The Colts are #7 in the NFL in total points with 26 per game and 416 total.

Clearly, the Saints have the offensive advantage. #1 is a Juggernaught. #7 is not. The Saints offense is almost 7 points per game better than the Colts offense. That is not equal, especially when you are talking about high scoring teams. What about defense?

1. The Saints are #20 in the NFL in Defensive yardage per game with 341 per game.
2. The Saints are #13 in the NFL in Defensive points allowed with 21.3 per game
3. The Colts are #15 in the NFL in Defensive yardage per game with 339.2 per game
4. The Colts are #8 in the NFL in Defensive points allowed with 19.2 per game

The way I see it, the Saints offensive advantage is larger than the Colts defensive advantage. Colt defense is basically 2 points & 2 yards better per game than the Saints defense. That is pretty equal.

So if the Colts defense is 2 points better than the Saints, and the Saint offense is 7 points better than the Colts: the Saints win by 5 points. Add & deduct; you'll come out with the same figure. I would suspect it will be closer than that. A last second field goal will make the difference.

So why favor the Colts? I have only heard two answers for to this question:

1. The AFC defeated the NFC 37-27 this season
2. Peyton Manning plays for the Colts.

Don't read much into the AFC/NFC thing. This is only true because the worst teams in the NFL are concentrated in the NFC. The Saints were 4-0 vs the AFC. They were not subject to this statistical rule. If you want to bet on the Colts because of Peyton Manning, you have taken a reasonable stance. I do not object.

Shortly after the NFC Championship game, Prime Time and the Playmaker were giggling to themselves about the pending Super Bowl. Prime declared that Reggie Wayne would run wild against the Saints Secondary, but it would make no difference. The Saints would kill the Colts.

Now wouldn't it be nice for Vegas if it worked out that way? You install the Colts as the favorite, a lot of people bet that way, and the Saints win. Vegas cleans up.

I don't think I would go so far as to say the Saints will kill the Colts, but I do believe the Saints have to be favored to win... Presuming you are not a Vegas bookie. I think they are the stronger of two very equitable opponents. I have a ton of respect for both of these opponents. We have the two very best teams in the NFL slapping iron. This is the best possible matchup. It should be fantastic and high scoring shootout.