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ESPN Study About March Madness Confirms Vegas Insider Betting Advice |
| Mar 9th, 2008
Over the years, we have written many articles exposing
betting urban legends. We warned you about the guards dominate inductive non-thinking. In
a football article, we enlightened gamblers of a truth that applies in all ATS sports gambling,
“Actual straight up wins and losses have little bearing on handicapping”. Our
article about how great offensive teams win big games was an epiphany for
many. Peter Tierana
of ESPN.com has written a series of articles that are the “Top 10 indicators of
overachievement” in the men’s basketball NCAA Tournament as well as the “bottom
five” or more accurately stated: the top five indicators of underachievement. Frankly little we read surprised us. Using objective
numbers, ESPN measured “Performance against seed expectations” which simply put
is a study of how often the higher seeded team wins, and what factors are most
common when the lower seeded team wins. Clients know we consider units won to be the most accurate
way to measure a gambling system rather than winning percentage, because it
takes sample size into consideration. We have decades of experience to prove
that is more statistically reliable. ESPN ranks their attributes based what they call PASE (performance against seeded
expectations). At least from a handicapping standpoint, much like above, we
consider the actual +/- wins to be the higher confidence level. Thus I used
ESPN’s data but based statistical confidence using a different criterion. Here’s a newsflash: most gamblers lose. In a related note,
the overwhelming belief is “defense wins” championships and big games. We tell
you time and time again, defensive intensity rises in the postseason making
teams that can score big and tough baskets considerably more important. Where’s Richard Dawson when you need him? Survey says
teams that average scoring three points more than the tourney field are +46.8
victories. It is no surprise to us the highest +/- in the study using a single
attribute. Mercy me, guess what the worst +/- in the field is? Teams
that have a points allowed per game below the tourney field average are -33.6
wins. The short of it is the biggest victim of upsets: superior defenses. The
biggest culprits of pulling off upsets: superior offenses. Luckily for us, the
subsidize-the-books gaming public believes it’s the polar opposite. Teams with a margin of victory of 15 points or more had
244.7 “expected wins” but 288 actual wins, a +43.3 wins ratio. Margin is so
much more accurate than wins and losses because luck plays no small part in
winning or losing close games. Margin of victory validates a team’s truth
strength. Of course from the gamblers standpoint, margin of victory is
everything. Tieran
then did a follow-up article on “attribute pairings”. That is simply when
combining two factors, what were the results. Of course because fewer games
would be involved, by and large the +/-
were not as high as when only one factor was needed. However PASE scores were generally
higher. The highest PASE
of them all is at .509. It says teams that got more than 60 percent of the
scoring from the frontcourt and at least one preseason All-American win at the
most disproportionate rate relative to seed. Like we said, so many teams have quality backcourts. There
are so few teams have top level front courts. But those that do will advance in
the Dance. The “attribute pairings” in a modest surprise did though
produce the highest +/-. Teams with more than four straight tourney bids and a
one-game losing streak entering the tourney had 207.6 expected wins but 258
actual wins a +50.4 margin. Not that the four-letter conglomerate needs any help from
us, but ESPN Insider over the years has produced copious content of value to
the sports investor. March Madness bracketology
is high on the list of categories. Be warned, the data takes a lot of time to synthesize,
parse and apply to sports betting. Perhaps a better alternative is to find a
professional handicapper who does it for you. Ahem. Joe Duffy’s sports betting selections are at www.GodsTips.com
He is former General Manager of the Freescoreboard scorephone network and CEO
of OffshoreInsiders.com,
the premier hub of world-class handicappers. |
| Posted by Joe Duffy (Profile) | Permalink | Comments (0) | Trackbacks (0) |
| Joe Duffy is founder of OffshoreInsiders.com featuring the world’s top sports service selections. |
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