Two things to support:

1. People who write about gaming and gambling from a non-hyperbolic angle and aren’t conniving for your money.

2. People who write about gaming and gambling and don’t preface everything with some lame-ass disclaimer like, “Well, it’s not like I gamble, because that’s illegal — but IF I were in a Vegas casino…”

Will Brinson fits both of those categories. He writes for Fanhouse. And when it’s time to cover the gambling angle, Will is there without apology.

So, with Super Bowl props coming out, Will started the week with much the same enthusiasm as a derrickhand who makes isolation pay on a four-day weekend at a big-city brothel.

I freaking love the bet this Sportsbook is offering: “Will both teams make a 33-yard or longer field goal?” And, I, astutely, say, hells to the yes. We’re talking about, again, two defenses that are better than people think. Add in Jeff Reed — bleached blond hair or not — and Neil Rackers, and it seems pretty obvious that we should get at least one chip shot-plus from each team. And the real bonus? Yes it’s +145. It’s called free money, folks, and that’s why they pay me to write at you.

(You mean people get paid for doing this? Really?)

At first, we were all on board with this prop find. Moreover, the bet actually exists.

Why Those Pectorals Alone Could Kick for 33 or More

Jeff Reed's Pectorals Alone Could Kick for 33 or More, No?

So let’s take a look:

+145 means you win $1.45 for every $1.00 you bet.1 This means the wager will be profitable if your pick is correct 40.82% of the time.

Jeff Reed (PIT) averaged 1.9 field goal attempts per game this season. In 12 of 18 games, 67%, he kicked an FG 33 yards or more.

Neil Rackers (ARZ) averaged 1.8 FGA per game in 2008. In 10 of 19 games, 53%, at least one of his kicks exceeded the 33 mark. So…

67% x 53% = 35%

Almost 6% less than that 40.82% needed to be profitable. Not especially good value…

How about looking at it from the defensive side:

Pittsburgh allowed a field goal of 33 or longer in half (50%) of their games this season. Arizona gave up the same in 11 of theirs (11/19=58%) .

50% x 58% = 29%

Worse…

We tend to think of kicks from the 16 as chip-shot field goals. (And they are, and have a high success rate.) So it’s not an issue of kicker accuracy; it seems to be more a lack of opportunity.

On the other hand, the “No” side of this bet is priced at -185. This translates to 64.91% accuracy to be profitable. So if the game will end without both teams kicking one for 33+ more than 35.19% (100% – 64.91%) of the time, “No” is profitable.

We’d pull the trigger on this now, but -185 are steep odds and we’ll need a closer look at these “opportunities” — something to look at in the next post.

·

·

  1. And if you don’t already know that, then most of this site must really just seem like moronic jargon.
Tags: , , , , ,

Comments Comments Off

Suppose you loaded all of your worldly possessions onto a truck, drove it to Cash America and liquidated everything.

Then you drove your truck to Vegas and laid every cent you had on the Steelers to cover a touchdown.

Then, YES — that is the perfect situation to buy a half or even a whole point.  Since you’ll have nothing left if you lose, there’s no need to think about the value of your bet.1

On the other hand, if the Super Bowl is just one of your many wagers this year, buying points is an overpriced antacid. Buy ranitidine; it’s cheaper.

So far, no offshore or Vegas book has come off the 7-point side and moved to a 7½. Most lines makers opened at a reluctant 7 or generous 6½ (if that makes sense). Only a handful of offshore books are still offering 6½ (and doing so with increased juice).  Most books, offshore and on, are giving 7 at a discount (-105). A handful are posting 7 at a normal price.

You can certainly buy the hook. But coming off a key number is a costly luxury.

For example, Pinnacle (right now) is offering -7(+104)/+7(-110). The trusty half-point calculator suggests that a good price to get 7½ points is -123. (And, so, Pinny will gladly sell it to you at -129. Ah well…)

That’s why this post from Football Jesus’ blog on Thursday caught our eye:

Posted 21 January 2009

Posted 22 January 2009 (about 6:00PM)

Figuring he must have gotten a sweet deal on the hook — no one’s offering 7½ at a decent price remember — we left a comment:

How much did you pay for the half point?

By today, the post had been updated:

29 ss

Updated, Now with Even More to Bet

No comment posted.

To be fair, we quite like Football Jesus. He seems to be a nice enough guy. He was quick to respond to an earlier email asking about his work, and was up front about his simple pricing structure (which, incidentally, checks in at about the lower stratosphere). Plus he has quirks that just endear us to him despite the need to tout: The completely cheesy photoshop self-promotions. The free disregard for spelling and grammar. His efforts to document many of the amusing signs that make their way past ESPN College Gameday censors.

But don’t say you just cashed a couple bets and let it ride on a line that’s not posted. We’re not saying you couldn’t get 7½ points on Thursday — but you either paid through the nose, or made the bet with a guy in a Steelers’ jersey in the lobby.

So -1 for embellishment when it comes to making claims on lines.  And another -1 for not acknowledging it. (The “before” picture above comes from Google’s cache earlier this afternoon.)  No harm, no foul in doing a little cross out and making a change and admitting a misstep.

But +1 for coming back over the top (as it were) and pushing it in towards the Cards.

Presumably, that +550 to win outright was picked up just after the Cards beat the Panthers.  (Today, the best number you’ll get for the Cards to win it all is about +230.) But with the Steelers currently at -240, how in god’s name do you not hedge? At worst you break even; at best you cash four times your original Arizona bet.2

·

·

  1. Quick aside: You might want to pick up a handgun at the pawnbroker as well, if this is actually the case.
  2. This advice from a guy who up until last week held SB futures on the Eagles (pre-season) and the Ravens (week 12).  And did he hedge? No. That would’ve been the smart thing to do…
Tags: , ,

Comments Comments Off

Found this at VegasInsider.com’s NFL odds page:

Is that Underlay?

Serious Underlay?

Could it be? Had a nitrous oxide pipe burst in the LVSC offices?  Had Ken White & crew had lost their foolish minds — opening the Cards as one-point dogs!?!

Did you miss your chance to back up the truck on the Steelers as single-point chalk?  Yeah, same here. So we asked VI about it. Five-star customer rep Dan promptly explained:

Back just a couple of days before Christmas, the lines makers at Station sports book in Vegas — acting, in all likelihood, under the influence of Office Nog — thought it clever to post a Super Bowl line before Week 17 even kicked off.  They set it at AFC -1/NFC +1. And though that line went off the board before the next set of games, it was the first to use the Super Bowl’s rotation number, and so the computer interpreted that as LVSC’s opening line.1

Since then, the Vegas Hilton, Station and the LVSC sporadically posted Super Bowl lines in between playoff games. The AFC is always the chalk, and they spot the NFC champ as many as 3½ points (just this past Sunday before the games).

In this week’s pre-week news cycle hype fest, blog entries and news wire stories have banged out copy about how Vegas already has a line for the Super Bowl! Only during the Super Bowl is the national press exonerated for making an opening point spread its own story. But this kind of January skite is still good PR. Without it, grandma wouldn’t know how to give points.

Bettors who do obsess over lines are aware of how promptly books set odds once the teams’ previous games are done. Or, in this case, well before that.

The opening line for the Superbowl really came out shortly after the wild-card weekend. Eight teams left standing meant 16 possible combinations of opponents. And speculation began there.2 Take the LVSC power rating and adjust for the situation and come up with 16 different Super Bowl lines. Beyond lines makers and their most eager customers, very few people care about those other 15 hypothetical Super Bowl lines.3

Now when it did come time to set The Number, the lines makers couldn’t get them up fast enough.

At 10:00PM (EST), the Las Vegas Sports Consultants issued their opening line:

01/18 10:00pm PIT -260 ARI +210 PIT -6.5 XX 47.5

Again. Ten o’clock eastern time.

It’s a bit hazy, but we’re pretty certain that at 10:00PM (EST), it was late in the fourth quarter — somewhere in between the time Troy Polamalu picked Joe Flacco for six, and Willis McGahee’s eleventh-hour winning bid for Hit of the Year.

In other words, LVSC posted their line with 3:39 still on the game clock.4

Two minutes later (10:02PM, McGahee still napping), The Greek opened a -270 money line. Two minutes after that, Pinnacle posted -7 (+102). By the time the gun was fired on the AFC Championship at 10:18, the overwhelming majority of Vegas outlets were offering a number. Many off-shores would follow suit within seconds.

Does that matter? Not to Grandma.

She says her local has 6½. She wants to take the Cards, but is afraid of getting screwed by a touchdown. Now, her guy tells her he normally sells the half point at 20 cents coming off key numbers, but since she’s a senior, he’s willing to do it for 15. She also likes the over…

·

·

  1. More evidence the robot uprising is at least another five, maybe six years off…
  2. Hadn’t noticed until now, but Vegas Watch did nail the line a solid two weeks before the books posted it.  +1.
  3. Mathematicians and crazy people.
  4. To be fair, in real time, there wasn’t much else to do. It was clear that medics were going to take ten minutes to peel McGahee off the field, and even clearer that a Ravens comeback was slightly more improbable than the Music City Miracle to the power of the Tuck Rule.
Tags: , ,

Comments Comments Off

Thoughts on the final numbers from Championship Sunday.

And no better way to make sense of it all than a nearly incomprehensible chart!


PHI ARZ NET BAL PIT NET
SI VOL 125786 128162
ATS 43% 57% -0.09 52% 48% 0.08
ML 30% 70% -0.82 60% 40% 0.43
SS VOL 138365 140978
ATS 56% 44% 0.16 62% 38% 0.27
ML 69% 31% 0.54 76% 24% 0.66
TOT 60% 40% -0.15 62% 38% -0.18
EX 51% 49% [1] 56% 44% [2]
CB ATS 33.40% 66.60% -0.27 54.57% 45.43% 0.13
VOL 37216 33504
SB ATS 58.00% 42.00% 0.20 43.00% 57.00% -0.09
ML 23.00% 77.00% -1.00 67.00% 33.00% 0.53
TOT 71.00% 29.00% -0.36 51.00% 49.00% 0.03

As you can see: The books got killed on the Cardinals money line, and we have little to no sense of color coordination.

After the jump, we’ll explain what all this means in language so convoluted that no one could possibly take the time to audit it.

Read the rest of this entry »

Tags: , ,

Comments Comments Off

Even before the two-minute warning of the AFC championship game, Pinnacle posted a line for the Super Bowl.

Lines effective: 1/18/2009 07:11:23 PM

NFL Football – Sun 2/1

Game Spread Money Line Total Points
Sun 2/1 101 Pittsburgh Steelers -7 +104 -250 OVER 46.5 -105
03:25 PM 102 Arizona Cardinals +7 -112 +230 UNDER 46.5 -105

That’s just about the same as -6.5 (-108.5). Not promising for Ravens hopefuls banking on a miracle with 2:34 left on the clock.

Next update:

Lines effective: 1/18/2009 07:43:45 PM

NFL Football – Sun 2/1

Game Spread Money Line Total Points
Sun 2/1 101 Pittsburgh Steelers -6.5 -109 -250 OVER 47 +100
03:25 PM 102 Arizona Cardinals +6.5 +101 +230 UNDER 47 -110

Cheeky Pinnacle.  Did you do that just so you could say you opened the line at a touchdown? Is that what the mass media will report?

Here’s Wagerline’s early peek:

Lines History Book ATS OU
01/18/09 10:31:31 PM WSEX 6.5/-105 (Open) 47 -110 (Open)
01/18/09 10:32:04 PM betED 7/-110 (Open) 47 -110 (Open)
01/18/09 10:33:19 PM Legendz 6.5/-110 (Open) 47 -110 (Open)
01/18/09 10:33:44 PM Pinnacle 6.5/-104 (Open) 47o -109 (Open)
01/18/09 10:34:25 PM 5Dimes 6.5/-105 (Open) 47 -110 (Open)
01/18/09 10:35:09 PM BookMaker 6.5/-110 (Open) 47.5 -110 (Open)
01/18/09 10:37:25 PM BetOnline 6.5/-110 (Open) 47 -110 (Open)
01/18/09 10:38:46 PM Pinnacle 6.5/101 47u -110
01/18/09 10:39:16 PM BetCRIS 6.5/-110 (Open) 47 -110 (Open)
01/18/09 10:44:25 PM 5Dimes 6.5/100 47 -110
01/18/09 10:45:07 PM Brobury 7/-115 (Open) OFF
01/18/09 10:45:07 PM Logans 7/-115 (Open) 47 -110 (Open)
01/18/09 10:45:07 PM SportsBook 7/-115 (Open) OFF
01/18/09 10:45:07 PM Belmont 7/-115 (Open) 47 -110 (Open)
01/18/09 10:45:08 PM SportsBook 7/-115 47 -110 (Open)
01/18/09 10:45:08 PM Brobury 7/-115 47 -110 (Open)
01/18/09 10:45:09 PM BookMaker 6.5/-110 47 -110
01/18/09 10:50:01 PM SPORTSBETTING 6.5/-110 (Open) 47.5 -110 (Open)
01/18/09 10:52:29 PM SportingBet 6.5/-105 (Open) 47 -110 (Open)
01/18/09 10:53:44 PM Pinnacle 6.5/100 47u -110
01/18/09 10:56:31 PM WSEX 6.5/100 47 -110
01/18/09 10:58:44 PM Pinnacle 6.5/102 47u -110
01/18/09 11:03:11 PM BetUS 6.5/-110 (Open) 47 -110 (Open)

Not much overlay.

The earliest numbers from Carib show heavy splits on the Steelers 3:1.

Tags:

Comments Comments Off