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07/23/2010 - Philadelphia, PA (Sportsbook Betting Lines) - Telling the truth has never been much of a problem for me, especially with things that really aren't going to amount to much when Saint Peter is making the decision on whether I'm fit to enter the pearly gates.
Back in 1998, I was one of dozens of columnists that thought Ryan Leaf would be a better pro quarterback than Peyton Manning. Fast-forward 12 years and I'm one of the few that still admit to that error.
Heck, Leaf had the stronger gun and was actually a better athlete than Peyton at the time, but those kinds of measurables didn't take into account the 10- cent head and spotty work ethic that accompanied Leaf's million-dollar arm.
Hindsight painted me as a poor judge of talent and the former Washington State star as not only one of the biggest disappointments in NFL history but a felon. On April 14 of this year Leaf pleaded guilty in Amarillo, Tex. to seven counts of obtaining a controlled substance by fraud and one count of delivery of a simulated controlled substance. The court sentenced Leaf to 10 years of probation and fined him $20,000.
One little mistake shouldn't stop anyone from getting back on the horse, however, and I have done it many times over the years with some good predictions and some bad.
In 2008, I was back on the NBA beat and thought the Chicago Bulls should have taken Kansas State star Michael Beasley over Windy City native Derrick Rose.
It was certainly a defensible position. Beasley was one of the most dominant players in the country during his freshman campaign at K-State, averaging 26.2 and a nation's best 12.4 rebounds. His 866 total points and 408 rebounds ranked third and second, respectively, among all freshmen in NCAA history, and the Maryland native also led the nation in double-doubles (28), 40-point games (three), 30-point, 10-rebound games (13), and 20-point, 10-rebound games (22).
The resume' was there but the thing that put Beasley over the top for me was his size. At 6-foot-10 and 235 pounds, "Beastley" had the prototypical NBA body.
The Bulls made their decision and plucked Rose, while Miami settled for Beasley at No. 2. It certainly hasn't been the basketball equivalent of Manning-Leaf just yet, but you can bet Chicago is quite happy with its selection thus far. Rose was named Rookie of the Year in 2009. an All-Star in 2010 and has developed into one of the game's best point guards while Beasley has struggled mightily with the off-the-floor problems.
In September of 2008, Beasley was involved in an incident at the NBA's Rookie Transition Program along with fellow freshman Mario Chalmers and Darrell Arthur. Police responded to the hotel room of Chalmers and Arthur following a fire alarm and claimed that the room smelled strongly of burning marijuana, but none was found and no charges were filed. Beasley was eventually fined $50,000 by the NBA for his involvement in the incident after Heat basketball chief Pat Riley forced him to confess to league officials that he had slipped out the door when the police arrived.
Things worsened by the next year when Beasley checked himself into a Houston rehab facility, just days after he posted pictures of himself on Twitter with what looked like marijuana in the background. The forward also wrote a number of vague postings hinting at suicide.
Beasley emerged unscathed and actually improved most of his numbers during his sophomore season in South Beach but with Riley executing a plan to team Dwyane Wade with LeBron James and Chris Bosh, he was no longer part of the plan in South Florida.
The former second overall pick was shipped unceremoniously to the Twin Cities for a pair of second-round picks in order to clear much needed salary cap space.
One man's trash can be another's treasure and the rebuilding Wolves think they might have something in the supremely talented Beasley.
That said, Minnesota president of basketball operations David Kahn has quickly made it clear that the kid gloves are off, speaking very honestly about Beasley's perceived problems.
"Michael Beasley smoked too much pot in Miami, but he's a changed man now. Make that, changed young man," Kahn told a Minneapolis area radio station. "He's a very young and immature kid who smoked too much marijuana and has told me that he's not smoking anymore and I told him that I would trust him as long as that was the case."
It's conceivable the more laid-back, family-friendly Midwestern atmosphere is just what Beasley needs to turn over a new "Leaf" and finally become the player he should be.
"He has developed a really good support system around him this past season in Miami," Kahn said. "He is growing up -- he's not grown up. He's 21. If you had given me this kind of money and put me in this kind of world with these kinds of pressures attached to it and some of the demands, I don't know how well I would have handled it. I think that if Michael was 25 or 26, maybe I would have felt differently. Some of these kids simply deserve the opportunity to make mistakes and grow up."
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Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Indians have activated
outfielder Shin-Soo Choo from the 15-day disabled list.
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St. Etienne's Sanogo out for three weeks >>
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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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