The Pinnacle Pulse Thursday 16th August 2007
The Pinnacle Pulse - Issue 74 part 1
Asian Handicaps - An Antidote to One-sided
Football
The Inside Line from the Pinnacle Sports book by Hobbes
As the new Premiership takes shape, football bettors
might benefit from reassessing their approach to gambling on the English
top flight. In recent seasons Arsenal, Chelsea, Liverpool and Man Utd
(more commonly known as 'the big four') have widened the gap between
themselves and the rest of the league as their financial strength has
allowed them to consolidate their power, particularly at home.
Chelsea, in their last home game against Everton,
equalled Liverpool's record of 63 consecutive unbeaten home games. While
in the 2003/04 season, Arsenal achieved the Holy Grail of going an
entire season unbeaten.
In the past two campaigns Chelsea, Man Utd, Liverpool
and Arsenal have between them lost just eight home games, mostly to each
other. What that often means for fans of a traditional 1,X,2 Saturday
accumulator, is the hugely unappetising prospect of backing a multiple
of the four big-guns at home to lesser opposition for combined odds of
something around even-money. A similar scenario applies to Celtic in
Scotland, who have a stranglehold on the SPL, and across the continent
where last season for example, Inter Milan broke the European record for
consecutive home wins (17).
The natural antidote for the increasingly prevalence
of one-sided football contests is Asian Handicapping. Asian Handicaps
level the playing field via a hypothetical goal bias, giving bettors the
opportunity of backing Chelsea at better than even money at home to
newly promoted Derby for example.
Asian Handicaps Explained
The Internet's largest online bookmaker, PinnacleSports.com, is a market
leader in Asian Handicap betting offering 1.96/1.96 style pricing. An
Asian Handicap is a method of betting on soccer that eliminates the
possibility of losing if a game ends in a draw after 90 minutes. Teams
are 'handicapped' to offset any perceived difference in abilities, using
a spread based on goal superiority which eliminates the tie. There are
three basic types of Asian Handicaps:
Level Handicap
Where there is no perceived difference in abilities between Team A and
Team B, no handicap bias is assigned, and both start off (0) also known
as pk, pick'em or scratch. To win a bet on either team, all the bettor
must do is identify the team which scores more goals than their
opponent; all bets are refunded on the tie.
Single Handicap
Where there is a perceived difference in abilities between Team A and
Team B, the superior team will be given an appropriate goal handicap to
level the playing field for betting purposes i.e. -0.5 goal, -1 goal,
-1.5 goals etc.
For example, if you bet on Team A with a handicap of
-1 goal, they must win by more than one goal to cover their handicap and
for you to win your bet. If they only win by a goal, the result with the
handicap applied is a draw for betting purposes, so your bet is
refunded. If Team B draw or win, you will lose your bet on Team A.
Double or Split Handicap
Where the difference in two teams' abilities is slight, split ball Asian
Handicaps may be used splitting your stake into two separate bets. For
example Team A might be offered (pk & -0.5). If you bet on Team A and
they lose, you will lose both bets as they did not cover either
handicap. If the match ends in a draw, half of your stake at (pk) will
be refunded, and the other half at (-0.5) will lose. If Team A wins,
both handicaps will be covered so both bets win.
If you're stuck in the past slavishly following
three-way fixed odds betting, the chances are you're not getting a
decent return on your outlay, and your gambling might benefit from the
fresh perspective that Asian Handicapping provides.
--Hobbes
First Five Inning Lines
The Next Level from the Pinnacle Sports book by Locke
The great advantage of betting on the first five
innings in baseball, otherwise known as the first half, is that your
fate is in the hands of the two starting pitchers. You can safely ignore
both benches and both bullpens which puts any handicapper in a much
stronger position as it is mostly random which bench players are used
and which pitchers come in from the pen to face particular hitters. This
helps in two ways:
Magnify Your Edge
First, if you have the advantage in the first five innings you can have
a larger advantage than you would have in the entire game, because the
situation in which you have that edge is magnified. If the line is in
error, chances are that those later innings are minimizing that error,
assuming the error does not originate from the bullpen.
The second half also introduces random elements out of
your control that can cost you the win. Close games and blowouts have
different dynamics late in the game. Wind conditions can change, there
are substitutions and double switches. Early in the game, you can look
at a known lineup against a known opponent and not worry about the rest
of the game causing interference with the result of your bet.
This is also true in other sports. If you know that a
team is likely to dominate the early going, especially the opening five
in basketball or the early game plan in football, you can often get a
far larger advantage by betting on the first half or first quarter of
the game before things get randomized and teams adjust.
Target Secondary Betting Markets for Maximum
Advantage
The second advantage is the benefit that always comes when you target a
secondary betting market rather than a principal game line. As with
alternate runlines and team totals, you get to focus on the first half
line and study it. In fact, you are probably giving far more thought to
the line you're thinking about betting than the sports book does when
putting the line up. The sportsbook will be applying a formula and
hoping it is close enough, but they can't afford to deal an abnormal
line until someone bets.
This lets you find opportunities where the first half
line does not follow the moneyline or total for the game the way it
normally should. Unlike runlines, there can be little question such
differences exist. The big unknown is which ones are important and how
much each of them is worth.
Starting Pitching vs. Bullpens
The biggest factor is the starting pitcher versus the bullpens. If you
have a strong bullpen, that helps you only in the second half, whereas a
strong starter is mostly good for the first half. When you see a
particularly strong pitcher starting with a poor bullpen or vice versa,
that's a great time to look at betting the first half. Knowing how to
properly compensate for this could allow a disciplined bettor to benefit
in both directions. He could bet into seemingly fair lines when he has
the advantage, and could safely take value when the lines have moved too
far.
Of course, to do any of this you need a guide for what
first half lines are supposed to be when betting baseball. Having five
innings instead of nine reduces the edge of the better team. In exchange
for that, they get the benefits of their usually stronger starter and
the small mathematical edge that comes from ties. The net result is that
favorites for the game tend to be slightly smaller favorites for the
first five innings. This effect remains small until about -150 (1.67)
and gets sizable by -200 (1.50). It does not seem to matter whether the
home or road team is the favorite.
Totals for the first half are trickier because in
baseball, numbers are created anything but equal. The fact that 7 and
7.5 are almost as different as 7.5 and 8.5 makes it hard to give an
accurate rule of thumb to translate a game total into a first half
total.
The later innings of the game tend to be lower scoring
on average than the first five, and there are only four of them (plus
extra innings), so more than half the runs will likely come from the
first five innings. The result of this is that the first half total will
be slightly more than half of the total for the game, once all numbers
are adjusted to smooth out all irregularities.
Get Good Numbers Quickly
As with all conversions, the best way to get good numbers quickly is to
write down the betting lines PinnacleSports.com or any other book offer
on a variety of baseball games. You can then use these historical lines
as a guide to future games. You can even use this technique to learn
about the market's perception of a particular team. For example, by
analysing the first half lines traded at PinnacleSports.com over two
days, you can quickly gain an amazingly accurate ranking of the
respective bullpens in MLB.
As usual, the usefulness of a line comes down to how
well you understand it and what a good number would be; whether it lets
you bet on what you like and against what you dislike, what the limit is
and how thin it is being dealt (where thin means lower
juice/commission).
Always Play at Best Price
As with many other betting lines, PinnacleSports.com will often have the
best odds on both sides of the equation. With lines worth up to 50%
better value than other sportsbooks, PinnacleSports.com deals both first
half sides and totals at -105 (bet $105 to win $100) instead of the
usual -110 (bet $110 to win $100) available at other sportsbooks.
Most bettors have learnt that betting the main game
line is the way to obtain the best odds. While this is true at a
traditional 'full juice' sportsbook, at a low commission bookmaker like
PinnacleSports.com, whatever you are looking to bet, the chances are
that you can find a good number. In addition to overnight lines, players
at PinnacleSports.com now have a moneyline, a total, two runlines, two
team totals and a first half moneyline and total to choose from, all at
low juice.
In fact, you can do even better by line shopping at
other sports books when PinnacleSports.com puts up a unique number and
our other lines reflect that. Maximizing your use of all the resources
available to find the best odds will pay dividends every bet you make.
As long as you're playing for no more than a few dimes and choose the
line you bet carefully, it is one of the easiest ways that any player
can increase their potential winnings substantially, by simply playing
at the best available price.
--Locke