The Pinnacle Pulse Inside the Wagering Line
PinnacleSports.com
Simon Noble
12/06/2006
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 II of II)
Last week's
Pinnacle Pulse, introduced some ideas about how to gain an advantage
from the increasingly popular 'Which team will score first' prop. This
week, we're sticking with the theme and providing further hints on how
to successfully price other common props available at PinnacleSports.com.
One of my personal
favorites is the proposition: 'Will the first score be a Touchdown or FG/Safety'.
As a starting point for weighing this bet, you should look at how many
TDs, FGs and Safeties have been scored by all teams in the season to
date. Before this week's Monday night game, the frequencies of each
scoring play were as follows:
|
Fig 1. (up to
Wk 13) |
Touchdowns |
Field
Goals |
Safetys |
|
Frequency |
848 |
546 |
13 |
|
% |
60.3 |
38.8 |
0.9 |
This provides a
good 'baseline', but there are two adjustments to be made to refine the
data for an accurate assessment of the proposition.
First, the last
two possessions of the half are more likely to result in a field goal
than at any other time in a football game (except overtime). This bias
isn't simply due to time running out - in many cases, teams will use
conservative play-calling to ensure a field goal attempt. As a result,
50% of the time the last score of a half is a field-goal.
Since close to 40%
of all scores are FGs or Safeties (fig 1), and it's been established
that the final score of each half is a FG 50% of the time, we're in a
position to work out how likely the first score is to be a FG by using
simple algebra and the average number of scores by game.
We can work out an
'average' score value using the %'s from fig 1.
(60% * 7 points/TD
+ 40% * 3 points/FG = 5.4 points/possession).
Historical data
indicates that a 'typical' game averages a total of 41 points, so you
would expect 7.6 scores - average total points scored/average score per
scoring possession (41 / 5.4). You'd also anticipate 3.04 FGs - average
number of scores * FG frequency % from fig 1 (7.6 * 0.4). From this we
can work out the odds (x) of a FG being scored in any scoring
possession, excluding the last score of the half.
3.04 FGs (per 7.6
scores) = 6.6 scores not at end of half * (x) + (1 end of half score)
(0.5)
X = (3.04 - 0.5) /
6.6 = 0.385 (38.5%), or about +160 for a FG.
Now, you have to
adjust this number for the actual match-up. For example, take a look at
next week's Monday Night match-up between the Bears and Rams. You need
to look at TDs and FGs for each team's offense and defense for this
season.
|
Fig 2 |
Scored |
Conceded |
|
|
TD's |
FG's |
TD's |
FG's |
|
Bears |
34 |
26 |
15 |
15 |
|
Rams |
23 |
27 |
33 |
18 |
|
Total |
57 |
53 |
48 |
33 |
Since we do not
care who scores what (only which is scored first), we simply add the
total TDs and FGs from Fig 2 - 105 TD's (57+48) versus 86 FG's (53+33).
45% of the scores involving these two teams were Field Goals, compared
to 40% for the league average. If 45% were the result of thousands of
games, you would expect that to go forward. However, each team has only
played 12 games, so expect this percentage to 'revert to the mean'. One
way to do this is to average the two (40 + 45) / 2) which suggests 42.5%
of all scores in this match-up will result in a FG. For the first
possession, start with the baseline first possession FG score frequency
of 38.5%, and multiply by the mean FG expectancy for these teams
calculated above (42.5/40 *0.385) = 40.9%. This is equivalent to +144,
which is my price for a FG being the first score of the game.
Once you have your
no-vig price (+144/-144), try to find a line that is 10 cents off. If
you found 'first score TD' at -134 or better, or 'first score FG/Safety'
at +154 or better, it might warrant a play in this match-up.
There are also
several ways to improve this result. You can track safeties, or do
statistical studies on scoring for many years to plug more accurate
averages into the calculations. There are other statistical methods you
can use to get even better results. However, when you're tackling props,
you want to evaluate them without spending an inordinate amount of time
as you'll make more money by pricing 10 different props well, than by
analyzing 1 prop perfectly.
What are players
betting at Pinnacle Sports this week?
Cleveland
+9 -129 v. Pittsburgh
We initially
offered Cleveland at +9 (-112). Using this unusual number (instead of
+7.5 at a normal moneyline) helps protect us on teasers, as teasing
'large home favorites' is one of the strongest teaser plays you can
make.
The opening number
of Cleveland at +9 (-112) is equivalent to +8 (-105) using Pinnacle's
point-selling option. While the betting public strongly favors Cleveland
by a 15:1 margin, some of the early sharps are playing Pittsburgh.
Indianapolis -1 -112 v. Jacksonville
This game has
remained at the current price (-1 -112) since opening. Once again,
teaser protection is a concern. While small underdogs are not as
dangerous as large home favorites, we would still prefer to minimize
damage from these types of plays. Skewing the line this way is an easy
way to achieve this. While bettors favor the Colts by a 5:2 margin, the
line has not moved. The early sharps have been on both sides of the
game, so it's anyone's guess where this one is headed.
USC +1
-103 v. Michigan
After UCLA stunned
USC and Florida beat Arkansas, both of these former championship
contenders had to settle for the Rose Bowl. Michigan's omission from the
title game has caused controversy over the BCS selection process and it
appears that regional politics impact who plays in the big game.
Michigan was considered the #2 team in three out of four regions, but
the South voted strongly in favor of Florida, pushing them up the poll.
We opened the
Wolverines at -2 .5 (-105) but have taken twice as many wagers on USC as
Michigan, causing the line to creep down. The sharps have mostly steered
clear of this game to this point.
Florida +7
.5 -109 v. Ohio State
With a convincing
win over Arkansas in the SEC title game, Florida edged out Michigan for
the #2 spot in the BCS rankings by just 1/100th of a point. The computer
rankings had the two teams tied, but Florida passed Michigan in the
Harris Poll and USA Today poll. That was just enough for Florida to earn
an invitation to the BCS National Championship Game.
We opened the
Buckeyes at -7 (-105), and took a lot of early Ohio State money. The
line spiked as high as -9, with twice as many bets on Ohio State as
Florida, but a few sharps played the Gators at +8.5 and +9 forcing the
line to drift back to +7.5.
About PinnacleSports.com
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