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08/13/2007 - Philadelphia, PA (Sportsbook Betting Lines) - Which one of the following things happened this weekend?
1) Robby Gordon made more friends than enemies.
2) Bill Elliott showed another reason they call him "Awesome Bill from Dawsonville" when he gave up his ride so Boris Said would get a chance to race.
3) NASCAR's winningest active driver on a road course, Jeff Gordon, simply drove off the track while leading with two laps to go.
4) Tony Stewart continued his annual summer display of driving prowess, winning his third race in four events.
5) Two of NASCAR's biggest names, Kevin Harvick and Juan Pablo Montoya, got into a yelling and shoving match during the race.
The answer, as any avid Nextel Cup fan will tell you, is all of the above.
The Centurion Boats at the Glen was one of the most compelling races of the year. The drama began even before the green flag dropped.
After driver Robby Gordon self-destructed in a Busch Series race at Montreal a week ago, he was in the doghouse of many fans and NASCAR. Though he may have been wronged by NASCAR in a caution-flag ruling, his punting of race leader Marcos Ambrose during the race's final laps was not appreciated.
But owner Robby Gordon showed some intestinal fortitude when he offered Ambrose his first chance in a Nextel Cup car as "repayment" for his actions. Unfortunately, rain ended Ambrose's chance to qualify, but both owner and driver have said that they will try again sometime later this year.
When Nextel Cup qualifying was rained out of Friday, a number of other drivers were left out in the cold too. One of them, Boris Said, is a favorite up and down the garage and in the stands. His car didn't have enough owner points to qualify, and the only way he would be able to see the race was from the stands.
Then Bill Elliott stepped forward and offered his car to Said, who thought the racing legend was joking at first. But Elliott was serious, and after working out the details, Said would start from the back of the field. The "road course specialist" who taught many Nextel Cup drivers how to drive at Infineon and Watkins Glen finished a solid 14th. Better still, the "Saidheads" in the stands got a chance to see their favorite drive on the track.
The race itself was as exciting a road-course race as NASCAR has ever produced. Tony Stewart and Jeff Gordon were the class of the field, leading 71 of 90 laps. In the opening portion of the race, Gordon led Stewart, but on lap 14 Stewart took command. He was still in control on lap 45 when he inexplicably went too deep into turn one and spun the No.20 Home Depot Chevrolet.
Gordon jumped on the slip-up, as Stewart fell all the way to 19th before he could restart his car and get going. From there, Stewart drove with all the considerable talent that the Rushville, IN native owns and with two laps to go was back in second place pressuring Gordon.
Gordon had won nine times on road courses, and the usually unflappable driver seemed headed for No. 10. But in the same corner that Stewart had spun out earlier, Gordon showed that he was human after all. Like Stewart, he took it too deep into the corner, the car jumped on him and he found himself watching helplessly as Stewart flew by him and on to the victory.
And of course, what would a NASCAR event be without an argument between drivers? This one was between two pretty good ones - 2007 Daytona 500 winner Kevin Harvick and Juan Pablo Montoya.
It started when Montoya was hit from behind heading into the same treacherous turn one that Jeff Gordon and Stewart had so much trouble with. This time Montoya was sent careening into Harvick who could see his championship aspirations going up in tire smoke.
The two were stopped in the "grass" and both drivers were clearly angry. Harvick at Montoya, because that's who he saw hit him and Montoya at Martin Truex Jr., the driver who had push him into Harvick. Montoya tried explaining the situation, but Harvick wouldn't hear it. The two began shoving each other and had to be broken up before it got too bloody.
All-in-all, the race showed was what makes NASCAR so popular - great driving and great emotion.
Bravo!
<< Scorching Yanks come back home to face Orioles
(Sportsbook Betting Lines) - Chien-Ming Wang looks for his second straight successful
outing against Baltimore when the New York Yankees host the Orioles tonight in
the first of a three-game series at Yankee Stadium.
Wang, a 27-year-old Taiwanese
<< Blue Jays try to extend road success in finale with Royals
(Sportsbook Betting Lines) - The Toronto Blue Jays aim for a rare road series win when
they close out a four-game set with the Kansas City Royals this evening at
Kauffman Stadium.
Toronto has claimed two of the first three weekend matchups with Kansas
<< Streaking Mariners return home to face Twins
(Sportsbook Betting Lines) - The Seattle Mariners are back home after a very successful
road trip, while the Minnesota Twins are currently enduring a miserable
stretch of road games. The two teams will clash tonight in the first of three
consecutive mee
<< A's, Tigers wrap four-game set in Detroit
(Sportsbook Betting Lines) - Right-hander Chad Durbin returns to the starting rotation
for the Detroit Tigers tonight when they host the Oakland Athletics in the
finale of a four-game set at Comerica Park.
Durbin, a 29-year-old who was drafted in the
Real Madrid locks up Sneijder from Ajax >>
Madrid, Spain (Sportsbook Betting Lines) - Real Madrid completed the signing of former
Ajax midfielder Wesley Sneijder on Monday, inking the Dutch international to a
five-year deal.
The 23-year-old Sneijder joins Madrid from Ajax for $36.7 million,
Chicago Bears 2007 Season Preview >>
(Sportsbook Betting Lines) - It should go without saying that no one wants to play
the role of runner-up. An obvious statement, but a more profound one in the
NFL, where Super Bowl runners-up have historically enjoyed an ignoble fate.
Before the Seatt
Getting to 53: Chicago Bears Roster Prediction >>
(Sportsbook Betting Lines) -
Below we take our stab at predicting how the 53-man roster of the 2007 Chicago
Bears will take shape:
QB (3): Rex Grossman, Brian Griese, Kyle Orton
RB (4): Cedric Benson, Adrian Peterson, Garrett Wolfe, Jason McKie (
Seattle gaining ground >>
(Sportsbook Betting Lines) - The Seattle Mariners refuse to go away in the race for the
American League West crown. The Mariners have been chipping away at the
Angels' lead for over two months now, and find themselves just 3 1/2 games out
of first.
S
In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).
If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)
In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams.
The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and online football betting thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s.
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
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There is little doubt that the NFL is where the sportsbooks see the most action and also make the most loot. The NFL possesses betting friendly attributes that are unlike any of the other major sports. First off, there are relatively few teams to keep track of in comparison to college football betting or college basketball. And second, these teams play only once a week which makes staying on top of the results much easier than it is in the daily leagues such as the NBA, NHL, and MLB.
These dynamics, along with the sheer excitement of watching and wagering on football, brings more square action to the table than any of the other sports. Almost every Tom, Dick and Harry in America is an NFL expert in their own mind and that is precisely what the oddsmakers prey upon.
Understanding who bets the games is just as important as understanding which teams are playing the games. The market at times will dictate price, which in the betting world means the oddsmakers cater to the public rather than reality.
Knowing the market inside and out is the basis of our NFL handicapping model. That is, our approach to NFL handicapping is of the contrarian or value seeking variety. We will at times place a higher premium on public sentiment than on the fundamentals. This strategy dictates playing dogs and/or lesser competent teams, or teams the public wants nothing to do with. Or better yet, fading the teams the oddsmakers want you to bet on.
Along these same lines, we carry a similar notion that the first week of the NFL season presents one of the ripest opportunities for the astute gambler. This conflicts with conventional wisdom and/or handicapping lore, as most would say it is better to watch a few games and assess each team before jumping in with both feet. That’s all fine and dandy, but there are some interesting trends to exploit in Week 1 and we’d be remiss to ignore them. Let us quickly explain.
Gone are the days of dynasties, where the same core players stay intact and dominate the league year after year. Free agency and player movements can completely transform teams from one season to the next. In today’s parity-driven NFL, poor teams typically don’t stay poor for all that long and excellent teams must constantly reinvent themselves to stay on top.
The temptation might be to assume prior year results are the best indicator of who is going to cover in Week 1. To Joe Public, playoff teams from the prior season, home teams, favorites, and so one, look even more enticing than usual since there is no current season performance to judge them against. But the question begs: are the oddsmakers setting a trap?
To find the answer, we culled five years worth of Week 1 NFL data. As always, all of our analysis is done from an ATS perspective. The purpose here is to share the most important angles we unearthed and try to explain the logic behind them. So strap on your helmet, throw on your shoulder pads, and follow our lead as we expose some rare holes in the oddsmakers’ line of defense.
Home vs. Away Teams
Over the past five seasons, NFL home teams in Week 1 are just 31-42-7 ATS (42 percent). This of course implies that roadies are a 58 percent winning proposition during this time. The public at large has a tendency to overvalue home teams and this is especially true in Week 1 when there is no current season data to make predictions from. Consequently, the oddsmakers almost surely shade the home teams, by and large making road teams the choice for the value player.
Conclusion: Look long and hard at road teams first when handicapping the opening week.
Price ranges
Favorites are just 31-42-7 ATS (42 percent) in the opening week over the past five NFL seasons (Coincidentally, home teams hold the same ATS record as noted above). This means that underdogs bark at a 58 percent clip. Mid-range favorites performed the worst among our specified price ranges. In particular, favorites priced between –3 1/2 and –6 1/2 are only 8-15 ATS (35 percent) during this time.
The same basic pattern holds true when looking at home favorites (road favorites gravitate towards a 50 percent mean). Home favorites indeed are just 21-32-3 ATS (40 percent) in the first week of NFL action since 1999. Again, mid-range favorites are similarly the poorest performers when we look at home teams. Consider that home teams priced between –3 1/2 and –6 1/2 have stumbled to a 6-13 ATS (32 percent) mark in Week 1 games the past five seasons.
Conclusion: Like home teams, favorites and particularly mid-range favorites are generally overvalued in Week 1.
Playoff teams
It might surprise you to learn that playoff teams from the prior year versus non-playoff teams from the prior year are a mere 16-23-3 (41 percent) ATS in NFL Week 1 games over the past five seasons. Home teams which made the playoffs versus teams which did not make the playoffs from the prior season drop to a meager 7-14-1 ATS (33 percent) during this time.
Why are playoff teams, and in particular those at home, such bad bets the past five openers? Just as the case with home teams and with favorites, oddsmakers intentionally overprice playoff teams in the opening week to compensate for the public’s propensity to over bet them.
This theory holds true just looking at straight-up records from the past season as well. That is, home teams with winning records from the prior season vs. road teams with losing records from the prior season are just 8-13 ATS in Week 1 NFL games since 1999.
Conclusion: Playoff teams from the prior year and in particular, home playoff teams, are overvalued in Week 1 NFL games.
Scoring defense and scoring offense
Do good defenses and for that matter good offenses from the prior season fare better against the number the following year in Week 1 games? Well, sort of. Generally speaking, teams with a solid offense or defense from the prior season tend to do well in the opening week so long as they are on the road. As a host, however, the best offenses and best defenses from the prior year tend to be overvalued in Week 1.
Consider that the top five scoring defenses (i.e. points allowed) from the prior season are a nice 8-4 ATS (66 percent) on the road in NFL openers the past five seasons. Meanwhile, the top five scoring defenses from the prior season are just 3-8-2 ATS (27 percent) as a host in Week 1 during the same time period.
There is no discernable advantage or disadvantage for teams with a top five scoring offense (i.e. points scored) in Week 1 games. However, when we look at scoring offenses from the bottom up (isolating the five worst offenses from the prior season), the results are rather interesting. In particular, teams ranked in the bottom five in scoring offense from the prior season are 9-4-1 ATS (69 percent) when on the road in Week 1.
The logic is simply that the public perception is a poor scoring offensive unit from the year prior will have little chance of winning on the road in Week 1. In turn, the oddsmakers compensate for this perception and these poor offensive teams from the year prior carry extra line value on the Week 1 trail.
Conclusion: Teams with top-ranked defenses from the previous season are good bets when playing on the road, but poor bets when playing at home. Also, teams ranked among the bottom five in scoring offense from the prior season are generally a good value in their Week 1 openers, provided they are playing on the road.
Scoring margin
An exceedingly straightforward way of measuring scoring offense and scoring defense together as a whole is to look at a team's “margin." Margin is simply scoring offense minus scoring defense, which is a fairly clear-cut measure of how a team does on both sides of the ball. Typically, the higher the margin, the better the team.
In this regard, it might seem counterintuitive that teams carrying the higher margin from the prior season in week one matchups are merely 31-42-7 ATS (42 percent). Furthermore, road teams with the higher margin are 14-20-6 ATS (41 percent), while home teams with the higher margin are 17-22-1 ATS (44 percent). Once again, these results line up with the theory that better teams from the prior year are overvalued come opening day of the following season.
Conclusion: “Better” teams, which often boast a higher margin than their opponent, are overvalued the following season in NFL openers.
In sum
Oddsmakers cater NFL betting lines to match public perception and also to bait the public into poor bets. The temptation to use the prior year’s success as a buy sign for how a team will perform against the spread in Week 1 of the following season is an enormous trap.
The fact is, isolating road teams, road dogs, non-playoff teams vs. playoff teams, teams with a losing record or low margin vs. playoff teams or ones with a high margin from the previous year is where the line value resides. Quite simply, taking the road less traveled is your surest path to NFL betting profits.
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