The Pinnacle Pulse Inside the Wagering Line
PinnacleSports.com
Simon Noble
4/26/2006
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.
NBA Playoffs Betting Lines and Odds Information
After a grueling 82-game regular season, the NBA playoffs are finally
here, which is one of the busiest betting events every year. During the
post season many sharper players shift their focus from sides and totals
to something easier to beat: playoff series wagers.
Betting on the winner of a series often provides a bigger return on
investment than betting on a straight side. Consider this hypothetical:
two fairly equal teams are playing a best of seven series at a neutral
site. One can bet on any of the seven games at Pick’em, or the winner of
the series. From basic handicapping, every bettor knows that the two
teams aren’t equal and that one of the teams should win each game about
52% of the time. The fair moneyline for each game is (-52/48 * 100) =
-108.3. Taking advantage of the 10-cent reduced juice lines at Pinnacle
Sportsbook will usually give bettors a marginal play, while betting at a
traditional sportsbook’s 20-cent lines will almost always leave players
making negative wagers on NBA sides.
Considering the series play, the team handicapped as a favorite will win
the series about 54.3% of the time. This is the danger bookmakers face
when handicapping series – small mistakes in the line compound
themselves, giving the players better opportunities than found just
betting the games themselves.
The odds in this example are similar to what one would expect if San
Antonio and Dallas meet in the second round of the playoffs using
Sagarin’s power ratings – the Spurs would most likely be a moderate
favorite at home, and a small dog on the road. Unfortunately, blindly
using power ratings doesn’t work as well in the playoffs. Some teams,
especially those that started the season slow and finished strong, will
outperform their power rating. Understanding situational factors is
critical not just to playoff game betting, but mid-series betting as
well. Two examples being that home court advantage increases in a game 7
and that teams that get blown out usually play better than after losing
a tight game.
Another helpful tip about mid-series betting is to pass on long-shots
down 3 games to 0. There’s been 63 times where a team was up 3-0 and no
NBA team down 3-0 has ever comeback to win the series. The great
comeback requires more than just winning 4 evenly matched games as the
team up 3-0 is not only superior team, but will likely play 2 out of the
4 games at home. Consider the current Detroit-Milwaukee series. Detroit
at home is a 13:1 favorite. On the road, Detroit will be better than a
2:1 favorite. If Milwaukee gets down 3-0 and the market prices are
right, the Bucks chances of completing the first “grand-slam” series
comeback are (1/14)(1/14)(1/3)(1/3), or 1764 to 1 against.
Whenever playing futures, bettors should also know how much juice
they’re paying. How can one figure this out? The Pinnacle Sports Book
homepage provides a calculator where you can type in the moneylines and
it will calculate the juice. Players who aren’t used to higher
moneylines often mistakenly believe they’re paying more juice, since the
two moneylines are further apart. If you see a series priced at
-480/+440 at PinnacleSports.com, the house edge is only 1.26% – much
less than the 1.92% edge on a MLB game with -104/-104 pricing. If you
want to know how much juice another sportsbook is charging, use the
calculator and compare.
A simple trend to remember with series or mid-series betting is to never
underestimate the result of the first game in the series. The winner of
the first game in a series ultimately takes the series 79% of the time.
Bettors should also be careful with the size of bets to avoid hedging.
At Pinnacle Sports Betting there are regular patterns in futures
betting. Usually players who bet the long shots often bet against their
initial future once it has equity, trying to “lock in a profit”. For
example, let’s say a bettor has the Indiana Pacers to win the series at
+320 and the New Jersey Nets (Indiana’s opponent) are a -240 favorite in
game 7. Many players with Indiana series bets would bet on the Nets in
game 7. It’s fine to bet on the Nets if you think that’s “the right
side”, but it’s a mistake to bet New Jersey just to hedge a future bet
on the Pacers. If you’re in a position where you need to hedge, you may
have wagered too much on Indiana initially. Hedging out half of a play
costs the juice on the hedge play; if you had just bet half as much to
start with, you’d avoid that cost.
One thing to remember is that home court advantage becomes monstrous in
a seventh game where home teams have won a whopping 85% of seventh games
in NBA history. While many sharps know this and bet the game, many fail
to cash in on mid-series wagers. If a team is up 3-1 or 3-2, don’t be
afraid to lay heavy chalk on the favorite. The NBA is unique with its
game-7 home “locks” – in baseball, for instance, the home team wins
closer to only 50% of seventh games.
With the first round series in full swing, future betting at Pinnacle
Sports has been extremely active. Here’s just a few examples of the
futures the public and pros have expressed definitive opinions.
Detroit to win NBA Championship -127
The Pistons opened at +114, and after being flooded with public money,
Detroit has fallen to a massive -127 favorite to win the NBA
Championship. The Pistons finished the regular season with the best
record in the NBA, despite losing its final 2 games while resting many
players. Historically, the public has always backed the team with the
best record to win the league championship. This year the public has
also given support for the Suns, Clippers, Lakers and Kings to emerge as
NBA champions.
Dallas to win the Western Conference +346
After taking multiple hits from sharps, the odds on the Mavericks to win
the Western Conference fell from +405 to where it currently stands at
+346. While the wise guys are backing them to win the conference, no one
thinks Dallas can hang with Detroit. The Mavericks opened at +980 to win
the NBA title, but the influx of Detroit money has elevated Dallas’s
price to +1133.
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
and the United Kingdom, the company offers a secure environment for
sports betting, racing and casino gaming.
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