The Pinnacle Pulse Inside the Wagering Line
PinnacleSports.com
Simon Noble
11/29/2006
The Pinnacle Pulse, a column highlighting betting strategy and line
movement on key games. In this edition, Simon Noble of PinnacleSports.com
discusses handicapping college basketball games before discussing line
movement on a variety of betting options at PinnacleSports.com.
He then gives insight into the early line movement on this
weekend’s big games.
All you need to know about NFL Props (Part I of II)
While many players have found Props easy to beat, this market has
traditionally been the domain of smaller players. This year NFL Props
have increased immensely in popularity at Pinnacle Sports, creating two
new advantages. First, there is a lot more two-way action causing line
moves. Second, other sportsbooks are trying to offer many NFL Props as
well and some are even copying the Pinnacle Sports betting lines. These
two factors combined mean that (1). Larger players can bet more on a
single Prop; and (2). Smaller players can get a better price by shopping
and watching the lines move. With Pinnacle Sports -108 style pricing on
NFL Props and up to $1,000 game day limits, you will find consistent
value and more often than not, the best price at Pinnacle Sports.
The popularity of Super Bowl Props, which have been available for a long
time now, has led to a gradual increase in the number of regular season
games that proposition betting is available on. Most sports books like
Pinnacle Sports regularly offer them on the Sunday/Monday night games
for example. With so many chances to bet on these props, and with so
many players betting on the wrong side through poor handicapping, sharp
players can capitalize now more than ever on NFL props.
One of the most common props you will see is 'Which team will score
first?' Many recreational players like betting on the favorite,
regardless of the price. Frequently there are not enough professional
prop players to keep the lines in shape, so the price on the dog will
gradually creep up. I am not advocating that you blindly bet on the
underdog on this prop - I just want you to understand why the
opportunity is there.
The best way to price any prop is to find thousands of occurrences of
similar situations. If you found enough similar games, you could simply
count how many times a similar favorite scored first. There are however,
two problems with this approach. First, many props do not have enough
similar situations to give a meaningful comparison. Second, even if
there are enough games to evaluate, it is too time consuming to collect
and analyze all the data you want.
So what is a more practical way to price the 'Which team will score
first?' prop? Whenever you are trying to price props, ask yourself: is
there a logical way I can analyze this problem without looking at lots
of games? With the right approach, most proposition bets can be priced
just by using team and/or player statistics from NFL.com or http://football.pinnaclesports.com.
'Which team will score first?' actually has a straightforward solution.
Look at the line for the first half of the game, and use it to figure
out how many average points a team will score in the first half. For
example, if the first-half line is 'Dallas -3/Atlanta +3' with a first
half total of 23, the market price would 'suggest' that the first-half
score would be Dallas 13, Atlanta 10. You got that score by subtracting
the spread (3) from the total (23), getting 20 total points. You then
split the total points (20) between the two teams, and then add the
spread (3) to the favorite.
Once you have your predicted score for the first half, the moneyline for
the favorite to score first is -100 * (Favorite Score / Underdog Score).
In this example, it would be -100 * (13/10), or -130 for Dallas to score
first. The underdog is the opposite: +130 for Atlanta. While pricing
Props is not an exact science, this approach will provide you with a
very good estimate.
Why did I use the first half, instead of the game line? The first
half-lines almost always favor the favorite by more than half the
game-spread. For example, a 7-point favorite for the game might be a
4-point favorite for the first half. Better teams play to score on every
possession in the first half, but may sacrifice scoring to eat-up time
when winning in the second half. The first half line is a better
reflection than the game line of what will happen early in the game.
One way you can improve this method slightly is to look at the moneyline
price on the spread and total. For example, if the first half total were
'Under 23 -110 / Over 23 +100)', you might treat that as a total of
'22.75'. Similarly, a first-half spread of -3 -110 / +3 +100 might be
treated as -3.25.
Next week, we will take a look at some other popular NFL Props,
including 'Will the first score of the game be a TD? (Yes/No)'.
What are players betting at Pinnacle Sports this week?
Baltimore +3 +109 v. Cincinnati
As a bookmaker, there are times when you look at what the players do and
think 'how did they know the line would do that?' In this case, we
opened the Bengals as a 2-point favorite. The early sharps played the
Bengals, and some of those later played the Ravens for a nice scalp AND
middle at +3 +109.
While even the best players rarely get a position as nice as this, it
does exemplify one concept: any side can be the sharp side, at the right
price. Winning players have a knack for knowing which way a game will
move, and establishing their position at a good number. When we review a
risk profile for a game, we frequently see the same winning players
getting the best price on a side, or sometimes on both sides of a game.
USC -12.5 -106 v. UCLA
As this game alone can conclude the BCS National Championship picture,
it is not surprising that it is our most heavily traded game. We opened
the Trojans at -11 -105, where the price drifted up to -13.5 due to
public money. At that point, some sharps played UCLA plus the points,
with a few buying the '14'.
Some casual players were surprised that USC is such a small favorite
over the Bruins, which are only 6-5 this year. UCLA fares well in
computer rankings thanks to a tough schedule including 9 games against
Pac-10 opponents. Of all the conferences, the Pac-10 is rated as the
strongest by Sagarin ratings. Where does Michigan and the Big Ten stand?
At #4, behind the S.E.C. (#2) and the Big East (#3).
Arkansas +2.5 -104 v. Florida
In what might be the last piece of the BCS puzzle, we opened the 'Gators
as -3 +100 in the SEC title game. The number of bets and volume has been
heavy, but flat on both sides. The market price crept up, forcing us to
'move on air'. Our sharper players have not given us any clear guidance
on this game.
It is a little unusual to see a higher ranked team at home that is
favored by fewer than 3 points. If the home field advantage is worth
about 3 points, it would suggest that Arkansas would be a small favorite
on a neutral field. Why is this, if Arkansas is #9 in the BCS, compared
to #4 for Florida? Injuries. The Gators might be without several
starters including RB DeShawn Wynn (shoulder).
Dallas -3.5 -108 v. New York Giants
Coach Parcells keeps taking chances with his roster, and they keep
paying off. The skeptics challenged his decision to sign Terrell Owens.
11 games later, with 8 TDs, 831 receiving yards and 46 first downs, that
decision looks pretty good. Five weeks ago, Parcells benched 14-year
veteran Drew Bledsoe in favor of Tony Romo. In Romo's first 5 starts as
an NFL QB, Dallas has gone 4-1. What is Parcells' latest change? He gave
former Pro-Bowl kicker Vanderjagt the boot in favor of Gramatica.
After opening the Cowboys as 3-point favorites, the early sharps kept
backing Dallas, pushing the line up to -3.5. The line moved up,
notwithstanding the public favoring the Giants by a 7:4 margin.
BCS National Championship: USC +5 -110 v. Ohio State
Although USC has not been selected for the big game yet, we can still
trade it at Pinnacle Sports (all bets will be cancelled if USC does not
play in the Championship game).
Trading for most games falls into recognizable patterns which are
defined by the level of interest by different groups, from public to
syndicates. This game is a bit of a puzzle so far, despite the early
heavy volume. We have twice as many wagers on Ohio State, but nearly
twice as many dollars on USC. With that type of profile, we would expect
the sharps to be on USC. However, the sharps are split fairly evenly on
this game. The heavier volume on the Trojans thus far seems to be just
'noise'.
About PinnacleSports.com
PinnacleSports.com is the Internet’s largest sports betting site serving
customers in more than 80 countries worldwide. Founded in 1998,
PinnacleSports.com was the first sports book to introduce reduced margin
wagering using a -105 pricing model that gives bettors up to 50% better
value on wagers than traditional bookmakers. With low minimum bet
requirements and the highest maximum limits on the Web,
PinnacleSports.com has earned an industry leading reputation for
providing consistent value to the player, professional customer service
and the quickest payouts online. Fully licensed and regulated in Curacao
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