Late breaking information as game time approaches, and advanced news and notes www.joeduffy.net
Friday, February 3, 2006
It’s the MAAC Total of the Year tonight among 7-0. Remember on Monday our OVC Total of the Year was a piece of cake on Tennessee-Martin and EKU going way over the total. We improve to 2-0 with conference Total of the Year plays tonight.
Not only does a weekend pass get you the Super Bowl Wise Guy side, plus total and props, but also we will likely have a conference Game of the Year going Saturday! Start out with 6-0 tonight.
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TODAY IS THE LAST DAY: In order to ensure you get every play in every sport, including March Madness conference, NCAA and NIT, plus sample our MLB dog prowess, we are temporarily extending our two-month package to 75 days! This comes out to $7.98 per day. You will renew because unprecedented winning is contagious. Begin the rest of your gambling life now before we come to our senses.
CBB
Iona-Canisius
Press Notes
The Griffs are 3-6 on the road this season, including 2-2 in league play, and are 3-2 in their last five overall on the road. Iona had a seven-game win streak snapped at home Monday night with a 76-72 loss to Saint Peter’s. The Gaels have won eight of their last 10.Nine of Canisius’ last 12 contests have been decided by double digits, and the last three games have been decided by 19 points or more. The Griffs are giving up 41 points a game in the second half and are getting outscored by an average of 4.7 points a contest in the final 20 minutes. Canisius has held the lead at halftime in 11 of the last 17 games but is 4-7 in those contests.
DePaul-South Florida
Press Notes
The Blue Demons, 8-11 on the season, with a Big East conference record of 1-7, have been in a horrible slide of late, losing six straight. Their latest defeat came at the hands of the Georgetown Hoyas, who welcomed the Blue Demons to the Big East with a 64-44 victory. The Bulls have not had much better luck in their first year in the Big East, as they enter into the contest with a 6-14 record, including a 0-7 mark in the Big East. It has been a difficult year for the Bulls, and that is not only on the court. The Bulls shooting guard Bradley Mosley lost his battle with cancer just prior to the season, and have been cursed with the injury bug as well. Starting guard Collin Dennis missed time earlier this year with injury, and freshmen Chris Howard and Zaronn Cann are both out for the season with injuries. However, even with all this adversity, the Bulls have been a tough team to contend with. No more was this evident than their game on January 24, against Villanova, when the Bulls were able to stay with ‘Nova until the very end, and suffered a 3 point loss. As a whole, five of the Bulls seven conference losses have come by means of a margin of six or less points.
NBA
Magic-Hawks
Orlando Sentinel
Orlando has lost three consecutive games, falling to the New York Knicks, the Philadelphia 76ers and the Los Angeles Clippers. PG Jameer Nelson (sprained right foot) will meet the team in Atlanta but will not play. Atlanta has a two-game winning streak — rare any time of the season for the struggling Hawks. They are coming off victories against the Knicks and the banged-up Charlotte Bobcats.
Pistons-Sixers
Columbus Dispatch
Allen Iverson probably won’t play in Philadelphia’s game against Detroit on Friday night, the fourth straight game he will miss because of an injured left ankle.
Iverson, second in the NBA in scoring at 33.6 points per game, has missed three straight games since he was hurt in the fourth quarter against Orlando last Thursday.
Iverson did not practice yesterday and team president Billy King said a magnetic resonance imaging Tuesday showed the All-Star had a bone bruise.
Iverson could play Saturday at Cleveland.
All posts by Joe Duffy
This Left Me Speechless
Ratings, Rankings, Raw Numbers In Offshore Drilling
The disparity is even more explicit in college sports, but it is colossal in professional sports handicapping as well. Rankings are just that, teams are ranked in specific categories first to last. Ratings have teams “rated” in various categories comparative to a mean number. For example, let’s say Clemson is playing Maryland in football. This is explained in more detail in the Gospel eBook of sports betting.
Clemson runs for 252.4 (raw number) yards per game to rank (rankings of course) No. 7 in the country. Maryland as an illustration averages 239.8 to rank 18th. According to those “rankings” and “raw numbers” Clemson has a better rushing offense. However rankings and raw numbers don’t scratch the surface. Conversely a rating would say the cumulative average of Clemson’s previous opponents’ defense allows 232.2 rushing yards per game.
That would mean Clemson rushes for 20.2 more yards per game than their opponents normally allow (+20.2). If Maryland’s cumulative foes allow only 197.8 that would put them at (+40.2). The inferior raw numbers make it look like Clemson is the better run offense by 12.6, but in the much more telling ratings, it’s actually Maryland by 20 yards per game.
So again, using the hypotheticals, here is a comparison (all illustrative rushing totals). The “advantage” numbers are ALL CAPS:
Raw numbers: CLEMSON 252.4; Maryland 239.8
Rankings: CLEMSON No. 7; Maryland No. 18
Ratings: Clemson +20.2; MARYLAND +40.2
Furthermore rating both offenses and defenses is most accurate using yards per play, yards per pass and yards per rush. These are much more telling as to whether teams outplay or underplay their stats. In short, games in which the proverbial “they have dominated them everywhere but on the scoreboard” are priceless to the handicapper.
The more deceptive a won/loss record is, the more opportunity. Team stats in those categories are a much greater precursor of future performance than points per game. Maybe Maryland runs the ball 16 more times per game than Clemson. Yards per rush puts the raw numbers into better perspective, but yards per rush relative to the cumulative average of their opponents makes the stats rise to the level of truthful for handicapping excellence. In basketball, shooting percentages offensively and defensively are more accurate than points per game.
This is true in no small part do to the fact that half court teams will have lower scoring games than up-tempo. This is in no way to imply that ratings under this circumstance are flawless. Slow down teams will both get fewer easy baskets and give up fewer, but in also weighing points per game, the flaws of each statistic can cancel out some of the deficiencies of the other.
In short, pro betting picks ratings put raw numbers into perspective much more so than rankings. By no means whatsoever do we disregard rankings, but the square player is shockingly oblivious to the value of the more judicious numbers. Yet again we must emphasize mere statistics are only part of the equation. But only a small percentage of handicappers are acute enough to use more precise ratings rather than the not to be trusted rankings. Everything though we said about the strength and weaknesses of power ratings applies here. The learned player must make adjustments for injuries both for a team and that of their previous opponents.
Statistics can be used and statistics can be abused. But knowing the right valuations to use is just as important as knowing how to adapt them.
Cliches About Pitching and Defense
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Clichés About Pitching and Defense Are So Offensive to Real Handicappers
Joe Duffy (www.godspicks.com)
We recently wrote an article on WHIP versus ERA in handicapping. Despite the fact that baseball in the interest of the gambler is predominated by football and basketball, the questions we got in regards to that article exceeds the response of even our most popular NFL writings.
The prevailing area under discussion was inquiring how to weigh offensive statistics relative to pitching.
There is an old cliché that pitching and defense are 80 percent of the game. A similar timeworn saying is that good pitching beats good hitting. Putting that to the test we find that Randy Johnson, Tom Glavine, Greg Maddux and Pedro Martinez must not be all that good because they have a combined sub .500 record in the postseason. The two with the best winning percentage would be Clemens and Martinez who clearly had the best bats as support. All five have a higher ERA in the postseason than the regular season and 3-of-5 by .30 or more.
The supporters of this apocryphal footnote point towards how low scoring postseason games often are. This inductive thought process never analyzes why such is. They ignore pretty important facts such how managers can greatly shorten their pitching staff, but cannot do the equivalent offensively. A five man pitching staff becomes three, but a skipper cannot condense his batting order from nine to just five or six. It is commonplace for an ace to pitch three games in a seven game playoff series. How often do you ever see it during the regular season? Sans rainouts or in a very rare case of the All-Star break, the answer is never.
No question the pitcher is the most important player on the field, but to say he and his teammates gloves are four times as important as their bats is poppycock but a boon for the books.
Most importantly there are two supremely substantial components relevant to the handicapper that do not enter the equation when run of the mill baseball fans are arguing this point over a cold brew. The referenced “good pitching” does not always come from good pitchers. Likewise, good pitchers don’t always bestow good pitching.
It is well beyond semantics that there is a major distinction between the axioms, “good pitching beats good hitting” than uttering “good pitchers beat good hitters.”
I will seize investing on hot pitching from a second-rate pitcher against besieged bats from a great offense, just as I would lay a wager against a slumping stud hurler especially when encumbered with nose-diving run support.
The value is there. We have ridden the likes of Pat Rapp, John Snyder, Scott Sanders, Rick Krivda…the list goes on as far as big dogs while they were in “the zone”. No handicapper on the planet has had more success going against future Hall-of-Fame pitchers under the right state of affairs.
We have written several articles on how fantasy and gambling information often overlap. One thing the roto player gets a great sense of is how much pitching can be a total crapshoot. If one were to compile a list of the biggest surprises and disappointments every baseball season, there will always be a disproportionate number of pitchers on that list. Oddsmakers asymmetrically make their line based on this fluid dynamic, which gives sharp players wide-open opportunity.
All that leaves value for us. As Mike Foreman, Sports Product Manager for MVP Sportsbook.com points out, “books have had to offer ‘Listed Pitchers’ and ‘Action’ wagers because a pitching change can make such a huge difference.” However you can’t specify, “Bonds must play”.
We remind you again the basic math that makes a win-loss record almost irrelevant in baseball. You need only hit 40 percent of 150 dogs (your price after the juice) to break even, but 60 percent of 150 favorites. The difference between the sharps and squares in baseball is so often the sharps know how to win hitting 46 percent, while the squares often hit 65 percent and get buried.
The gambling aristocrats are those who anticipate when “good pitching” comes from inferior pitchers or when high society hurlers come up with bad pitching and/or get minimal run support. As one need not have an above .500 record to have a winning record in baseball handicapping, and the whiz kids know they must anatomize how the oddsmakers assay the varying factors.
Substantiating which pitchers and teams the oddsmakers over or undervalue has one prerequisite that the dumb bunnies disregard—how much the linesmakers evaluate each dynamic to begin with.
Ah, but how to specifically handicap offense? Guess what our next article is regarding?
Duffy’s plays are part of the Dream Team at Godspicks.com. He is perhaps the most published and respected author on sports gambling theory and has been featured as a regular guest as the handicapping expert on the Rick Ballou Show on Sporting News Radio, Gamblers Zoo national radio show, the Meat and Potatoes gambling show, Pro Fantasy Sports Internet radio and Grogan’s Fantasy Football show. His Wise Guy Plays available exclusively at www.godspicks.com where daily sports handicapping information is available to crush the sportsbooks.
Nothing to Spare in Striking it Rich Going Bowling
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Nothing To Spare In Striking it Rich Going Bowling
Joe Duffy (www.godspicks.com)
The bowls are soon to be here. A lot of money is to be made, but let us make sure it is not the bookmakers! One of the first mistakes that so many gamblers make is that they feel they “have” to bet larger amounts on bowl games or bet every side and total.
Do not get me wrong; there are true harmless “recreational” gamblers. By that we mean people who are couch potatoes and bet only “entertainment” money to insure that they have someone to root for on that chesterfield with a Budweiser in his right hand and a Vegas Offshore schedule in his left.
While this practice defies money management, if one can objectively assert that they are not realistically expecting to make a profit, but just adding to the excitement of the game with the chance of making money along the way, there is really no harm.
The bookmaker will thank you, but there are some Joeybagofdonut guys who will bet lunch money on the bowls then regardless of how poorly or well he does not bet again until March Madness. To them, money management is mere gingerbread. But the serious player must bet postseason games using the same money management techniques mentioned in previous articles here.
The factors to look for and not to look for when handicapping are numerous. A classic gambler’s trap is believing that one should focus on teams that finish the season on winning or losing streaks and to bet those streaks to continue.
The truth is nothing can break a team’s momentum more than several weeks off. Conversely, not anything is more valuable to a struggling team than to have time to regroup such as which the weeks between the bowls offer.
In addition one must look at why a team performed the way they did down the stretch. Was a team really improved or just “in a groove”? Did injuries play a big part in a teams skid to end a year and did the time off help heal them? Or was it a case of several players improving as the year went on?
In 2001, Ohio State is an example of a team though that truly did improve as the year went on and that must be considered in handicapping. Jonathan Wells their breakout running back was arguably the most improved player in the nation. Chris Vance’s improvement at wide receiver was legitimate.
Everything must be considered when looking how a team did in September as opposed to how they performed in November. If there was a huge dichotomy one must instead of making the assumption that they progressed as the year went on—which may be the case but may not—do significant analysis and look further.
Keep an eye on injury reports, but not just of guys who return from injuries but also guys who played banged up late in the year. Did the time off allow them to return to 100%?
Joe Duffy is General Manager of Freescoreboard.com, the premier hub of world class handicappers. Duffy’s handicapping prowess is now part of the Dream Team with Mike Godsey at www.godspicks.com, widely considered to be the most powerful handicapping alliance ever.
You Can Recover From Being Half Bad
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You Can Recover From Being Half Bad
Joe Duffy (www.godspicks.com)
We get a lot of questions about halftime lines. As our expertise is with game side and totals, we posed the question to Leo Shafto of Scorephone.com as to how such lines are figured. Leo the premier first and second half handicapper on the planet and is one of the few who have been on both sides of the window having been the head oddsmaker for several sportsbooks including MVP Sportsbook. What follows is his answer.
The first thing is you have to have an initial second half projection and work from there. For instance, let’s say a game line has San Antonio -8 with a total of 186 against the Nuggets. We see a posted first half number on the game of SA -4.5 and the total is 92.5. Thus we can mathematically conclude that the second half number projection is automatically San Antonio -3.5 with a total of 93.5.
Then of course, the first half is played. If it holds very close to form, then the second half number will likewise be very close to form as well. For instance if the halftime score is 47-44 in favor of San Antonio, you can be assured that the second half total will be 93.5 as it is very close to the first half projection. Likewise, San Antonio (originally projected -3.5 in the second half) will most likely be -4 to -4.5 in the second half to compensate for just falling short of the initial projection.
If the two teams combine for 100 points in the first half, then the second half total will not be compensated down, it will likely be compensated up because the pace of the game is higher than expected. You may see a second half total of 95 in this case.
One more thing that can influence a second half total is whether the game is a blowout (especially in football). If one team is drilling another at halftime, the second half total may be reduced dramatically to account for the winning team being more interested in burning clock than scoring points. The score of the game makes a huge different in totals. If San Antonio were winning 65-35 at the half, one may knee-jerk into believing the second half will be high scoring because they 100 points already. When in fact, by the 4th quarter, both teams will be looking to get out of the game uninjured and the worst offensive players will probably be on the court.
There is a method to the madness and you have to take many factors in to account. This is just one example of many.
Now with the knowledge of how they are made, a few of my long-term clients use my picks to bet second half lines and in fact scold me for not doing the same. The key is having a well handicapped game. Without that, nothing else matters.
Our picks are based on projecting the final score, not the halftime score. Hence it’s no surprise our selections generally look much better at the final buzzer than at the half. If there is some type of seemingly cataclysmic score at the half, say for example a three-point chalk losing by 11, our sharp customers use that to their advantage.
If the halftime line is -5, that means there is a ton of leeway that enables the team to cover the second half line even if they don’t come close to the game line.
In other words, the square player in that situation is more likely to panic and hedge a bet. The sharp player essentially buys insurance. In the perfect example of buying a game at bargain basement price, the prodigy gambler looks at it as buying the game line at a much cheaper price than he could have at the beginning of the contest.
For example in said illustration, the three-point chalk could lose the game and still cover the second half line. The rule for betting halftime lines is using well handicapped selections, if the aberrational halftime score enables you to essentially buy the game spread at a significantly reduced price, jump on it.
If the “right” team comes back and covers the game, you win twice. If they cover the half-time cut-rate spread but still fail in the game, it costs you juice. In well handicapped games, our sharpies assure us the number of times they go 0-2 is outnumbered drastically by the other two scenarios.
Duffy’s plays are part of the Dream Team at Godspicks.com. He is perhaps the most published and respected author on sports gambling theory and has been featured as a regular guest as the handicapping expert on the Rick Ballou Show on Sporting News Radio, Gamblers Zoo national radio show, the Meat and Potatoes gambling show, Pro Fantasy Sports Internet radio and Grogan’s Fantasy Football show. Godspicks.com is the top source for NFL picks, college football winners and more. There is no better source for sports handicapper free information to crush sportsbooks than Godspicks.com.
Be Weary of Tired Old NBA Adages
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Be Weary of Tired Old NBA Adages
Joe Duffy (www.godspicks.com)
Oh true we have had more than our share of success with computer generated time-tested and statistically significantly systems, which have proven to be their absolute best in the NBA. Also the NBA is second to college hoops when it comes to our “sharps versus squares” games. That means most of the sharp money is going one way and most of the sucker money the other way according to our offshore, Vegas and “outlaw” contacts. We go with the sharp money.
But there is no substitute for great analytical handicapping in any sport including the NBA. There are some very common dynamics that apply often and mastering the conceptions and misconceptions is imperative.
Very high on that list is the NBA scheduling dynamics.
I know of some guys who almost religiously bet with a more rested team. This is especially so if one team is playing their third game in four nights, fourth in five or fifth in seven and the other team (generally the home team) is rested.
Or at the very least if they don’t religiously bet it, the only alternative is to pass. They would never bet on the presumed more weary team. Let us leave no doubt that scheduling intricacies is imperative in handicapping, but sometimes the above philosophy is true, but often it is not.
First of all, it overlooks one of our Golden Rules of Handicapping: always realize the oddsmakers are one step ahead of you. The line absolutely takes into account such factors, so you are not getting the same price as if both teams were equally rested.
When a team is in the middle of a cluster of games, we weigh how they had done in their previous three games much more heavily than other circumstances. Momentum and adrenalin are the best cures for exhausted bodies. If a team is playing their fifth game in seven nights but won their previous two, three or more games a short vacation is the last thing they need.
Being “in the zone” more than nullifies any supposed rest disadvantage. Make no mistake about it, we still must take into account minutes played in recent games by the star players, depth, whether games went down to the wire on in overtime, but overrating scheduling ins and outs is one of the many mistakes a square player makes time and time again.
Conversely common notion is that rest can only be good. We find very often hot teams can loose their edge with three days off. We can’t dispute the common belief that being road weary and playing poorly is a bad combo, but being well rested while playing well can be.
In short, we have found the accurate dogma is that rest is best for teams that clearly need it. So a team playing inadequately can make adjustments. A respite in the schedule can be counterproductive for teams that are in a groove.
We put some stock in the “look ahead” theories but for the most part limit it to big favorites playing a very tough opponent the following night or about to enter a difficult stretch.
Remember when mommy told you, things are not as always what they seem. One must scratch the surface and evaluate all factors in their entirety. Those who do can, dare we say, rest easy this NBA season.
Duffy’s plays are part of the Dream Team at Godspicks.com. He is perhaps the most published and respected author on sports gambling theory and has been featured as a regular guest as the handicapping expert on the Rick Ballou Show on Sporting News Radio. His Wise Guy Plays available exclusively at www.godspicks.com are widely respected as the biggest play in the handicapping abyss.
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The Only Ways to Manage Money In Gambling
Frankly the formula to winning in sports is educated handicapping and money management. Even if somebody can win consistently, if one’s betting amount is haphazard one can lose a lot of money.
Bookmakers drive around in new Porsche’s not just because most of their clients grapple to hit 45% of their plays, but also because a preponderance of gamblers use the “panic” or “greed” methods when deciding how much to wager.
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But even worse is the player for stakes who presses his luck during a hot streak and increases his bets. I have seen so many suckers go 15-5 for example and still squander capital.
The quandary is a $50 bettor for example when he is hot has the attitude, “Could you imagine how much I would have made if I bet $200 a game?” Even worse is the guy who goes 5-0 and realizes how much he could have made if he put money on a parlay. Yes 20/20 handicapping is great but I do not know a sportsbook that takes those types of antes.
Any bookmaker will tell you with 90% of gamblers, the more they win one week, the more the bookie looks forward to the gamester’s phone call the next week. Too many gamblers always find a way to give the money back and then some.
Well to steal an old cliché, gambling is not a sprint it is a marathon. Even I have had nightmare days, but because of money management the Wise Guys and I have no idea what a losing month or season is.
The recipe is to stake the same amount based purely on how much one likes a game, not how much one is up or down in the short run. However there are actually two adaptations of acceptable money management.
One is the straight betting, which is the most straightforward and the other is the Kelly System, which the units are equal but always relative to the bankroll.
Straight betting is a fundamental as it gets. The way to divvy the units can be different as long as it is constant, but the key is not change the rating system or units per play.
Personally I only bet plays in two different units. Wise Guy plays are my top play and majors are .75 units of a Wise Guy play.
So as it applies to a $100 player, he would bet $100 on my Wise Guy plays and of course, $75 on my majors. Much like putting the same amount every month into the stock market, this method must be bet religiously.
However the Kelly System is similar but is based on a set percentage of one’s bankroll, not a set amount. Generally the maximum bet is 1/20 of the total bankroll.
Using the same one unit and .75 unit rating procedure, if one’s bankroll starts out with a $2,000 bankroll, Wise Guy plays would be $100 (5% of 2,000) and a major would be $75 (3.75% of (2,000).
Let’s say the gambler goes on a huge losing streak and his bankroll drops to $1,325. Then a Wise Guy play is still 5% of his bankroll, but is it $66.25, while a major is still 3.75% at $49.69.
When his bankroll is increased to $3,330 for example a Wise Guy play increases to $166.50, while a major would be $124.88.
Accurate handicapping and great information is the heart and soul of sports gambling. But without a responsible and thus concordant money management modus operandi it will all go for naught.
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Sharp Players Don’t Disappear, They Just Fade Away
Should I go with, against or ignore the public consensus? What do I do with line moves? Are they one and the same? You ask some good questions.
Probably at one time or another you have joked, or maybe were quite serious when you said something to the effect, “Bet against my buddy, JoeBagOfDonuts. Every game he picks, he loses.”
I knew a old hand sportsbook clerk who maintained fervently that every time some loudmouth came into his sportsbook and bragged that the oddsmakers were giving away money on a particular game or that a line was so far off, then plopped down $25 on such a “sure thing”, the clerk would immediately go to another casino and bet the other side.
He vowed that about 70 percent of the time, the big bragging, small-playing egomaniac would lose.
In actuality, the basic philosophy behind that is very compelling. Fading public consensus plays—contrarian plays—can be actually be a very genuine and priceless starting point of handicapping. A little known fact is that the oddsmakers very much study public betting trends when making the line.
That is, in many circumstances, the linesmaker before he even posts a line, knows that recent data shows that the public is going to lean towards betting Team A against Team B, regardless of what the line is. Hence a team that should be a 14 point favorite is posted as a 16-point chalk. Just an extra half-point here and an extra point there can prove huge over the long run.
The great equalizer would of course to have the exact information of which teams are overpriced because of public perception. As we like to say, you can use the oddsmakers’ knowledge against them.
I have heard both first hand and second hand stories about guys who ran parlay card operations (for amusement only of course) who every week would compile a consensus from among their hundreds of participants.
They would then bet against all of biggest consensus plays and do very, very well. We have found that the public consensus plays as found at contest sites such as Bigguy and Sports Insights have been very accurate in measuring public perception. Generally the top consensus plays at those sites and from outlaw information that we get fairly parallel.
OffshoreInsiders.com only considers something above 70-percent to be significant enough for “fading” purposes. Consensus plays that overwhelming are often few and far between, but just like in everything else that we do, we set the bar very high.
However, so often the public confuses line moves and “public plays”. Line moves are much more affected by the sharp player than the majority, thus merely tracking line moves does have some value, but is not a foolproof indicator of fade plays.
That’s why I compare the information that I get from my outlaw book acquaintances, offshore contacts and compare them to the Internet contest sites. When all such information coincides, we have the chance to fade sucker plays.
Schleps can be of great value to smart players. The more you fade them, the brighter they begin to look.
It is Good to Pick Bad
Some of the biggest mismatches in college football will occur over the next few weeks as elite BCS schools tune-up against mid-major patsies. Professional gamblers have the courage of thieves knowing in many cases betting with the inferior team getting the points is like stealing.
Let me divulge upfront that I am not a connoisseur on picking stocks. But I know those who have been triumphant on the stock market have done it by selecting stocks that nobody else sought. They purchased stocks when their worth was at their lowest and going with them. The other end of that equation is selling stocks when they reach their zenith.
That is exactly the modus operandi that I have used to become the foremost all-sports handicapper in the world. Of course I don’t win 365 days a year and even on winning days, I will get some hate mail about a particular pick.
I can candidly say in all my years of handicapping, 98% of people who interrogate a specific selection, second-guess my picking of a big underdog. The handicapper who hits 48% of his plays but elects to choose almost all favorites will get less hate mail then the guy who hits 56% and picks mostly big dogs.
Especially in baseball, if I have a losing night and I picked several big dogs, I already know of the four guys who will question how I could make those picks. Of course, I must add this caveat: they keep re-signing with me. As you may guess, when I go 4-0 with all dogs I do not hear from them. But my most unforgiving critics are more times than not, my most loyal clients.
I have flat out had gamblers tell me, “If I am going to lose, I’d rather lose betting (the vastly superior team) than betting on (the grossly inferior team).” Never in my life have I heard a more self-fulfilling prophecy. Attitudes like that keep the bookmakers in business for those of us who do win long-term.
It is no secret that the public loves betting favorites. I am not sure why.
I suppose from a cardiac perspective, it is easier to root for a favorite. For example, if a gambler has Florida State laying 28 to Duke, even if FSU is winning by only 10 entering the fourth quarter, in the back of his mind, he knows the Seminoles are more than capable of scoring three quick touchdowns. On the other hand, if he has Duke, he can never breathe that sigh of relief until the final buzzer.
So if a fallacious feeling of security from a rooting standpoint is all you want, true going with grossly rated too low teams necessitates sweating wins until the end.
By hook or by crook, going with a 10-point dog that loses by 14 is so much more painful to the typical gambler than having a double-digit favorite lose outright.
This is so much truer in baseball betting. I am flabbergasted at how few gamblers truly have a notion of how baseball betting works. Winning percentage is so irrelevant in MLB betting. One has to hit 60-percent of 150 favorites just to break even, but only 40-percent of 150 dogs (after the juice) to reach the break even point.
I have been very triumphant in the back pocket going against Cole Hamels, Johan Santana, Zack Greinke, and the Yankees etc in choice situations. But it never fails, every time I pick a huge dog that loses, my email box has a small number who say, “How could you EVER pick against Roy Halladay…?”
Wise Guys don’t elect to choose huge baseball underdogs expecting to strike 70-percent. But the best baseball handicappers put themselves in a position where they can go .500 and take home a ton of money.
It takes parallel thick skin in other sports. Of course if you are going with undervalued teams against overvalued, meaning big dogs, inescapably you will be on the wrong end of a 56-7 score. But I have news for the chalk lovers. It is the same in the wallet as picking a 10-point favorite and winning only by a touchdown. But again, the “at least I lost picking the better team” attitude gives the average Joe a façade of solace.
It’s the bad teams that are thought too little of, not the great teams. We made big money going with the Detroit Lions late last year for example. We had to be on pins and needles for a lot of them, believe me, but taking the undervalued dogs is the way to win long-term.
Do not get that false sense of sanctuary by going with Florida in college football (or basketball for that matter), the Boston Celtics or Duke in basketball all of the time. No gambler hits 100% of the time, but eradicate this bizarre human nature of second guessing yourself when a horrible team fails to cover and being so content when the superior team loses in the back pocket.
This is not to say that there are not games of value in betting the big favorite. But while all the psychological advantages of betting favorites cause the public to love laying the lumber, those of us who win more than we lose know that the best value comes with select big dogs in the right situation.
But those of us who sell picks for a living have to develop mental sturdiness when getting feedback from clients. Even the most realistic clients understand that no handicapper is slump-proof, but they still seem to only second guess me when I pick an underdog.