Betting favorites against bad teams after the All - Star break has been profitable in all but two seasons since 2005.
The highest seed in action on Thursday is the No. 3 Michigan Wolverines, who are 2.5 - point
betting favorites against the No. 7 Texas A&M Aggies.
Not exact matches
Just one week after receiving 35 % of spread
bets as home
favorites against Washington State, bettors are once again avoiding the Buffs.
This development supported our hypothesis, but we wanted to know what happened when that
favorite also fit our
betting against the public criteria.
Two days later in Lin's first start, the Knicks received just 52 % of public
bets as 3 - point
favorites against the Jazz.
Now that we're receiving real money percentages from a sharp offshore sportsbook, we can see that
betting against the public has been profitable for both
favorites and underdogs.
Although the Dodgers were the largest
favorite in nearly two years, a more interesting piece of information emerged — Kershaw was actually the most profitable pitcher to
bet against in the National League.
Losing Rob Gronkowski and a solid, but underwhelming performance
against the 49ers took Brady from
betting favorite to third place in the span of two short weeks.
Example: the Red Sox are -150
favorites against the Yankees and 80 % of
bets are taking Boston.
The Pats opened as a 17 point
favorite against their divisional opponent, but have since moved to a mere -16.5 despite 70 % of
bets.
The Giants opened as -116
favorites against the Los Angeles Angels and the
betting percentages have been fairly equal with San Fran receiving just 55 % of moneyline wagers.
The underdog Golden State Warriors need a road win to survive a Game 6
against the
betting favorite Oklahoma City Thunder on Saturday night.
-- Shade their lines towards public
favorites, providing extra value for those willing to
Bet Against the Public
Unfortunately, it's very rare that
favorites fit our
betting against the public philosophy, so we'll have to look elsewhere for lucrative trends.
Patriots are
favorites to win the AFC East for an eighth consecutive season and it'd be hard to
bet against them, even with Brady out for the first quarter of the season.
09-11-2011 NFL «
Bet Against» Results for 2003 thru 2010 Seasons 09-08-2010 NFL «
Bet Against» Results for 2003 thru 2009 Seasons 09-09-2009 NFL «Bete
Against» Results for 2003 thru 2008 Seasons 09-05-2008 NFL «
Bet Against» Results for 2003 thru 2007 Seasons 11-08-2007 Mid-Season Football and Early Season NBA & NHL Update 09-12-2007 NFL «
Bet Against» Results for 2003 - 2006 Seasons 08-24-2006 NFL Outlook and Review of 2005's «Year of the
Favorite» 08-08-2005 NFL «
Bet Against» Results for 2003 and 2004 Seasons
Teams that open as the
betting favorite and then subsequently see their line rise before kickoff are 36 -32-3 (52.9 %)
against the closing spread for the season... and 21 -11-2 (65.6 %) in November and December.
Unfortunately, using a simple
favorite versus underdog filter provided no additional value, and
betting against road teams playing in their second game in as many nights actually produced a win rate above 50 %, but failed to cover the necessary vig needed to produce a winning system.
It's interesting to note that during bowl season,
betting against the public has been an effective strategy for both
favorites and «dogs.
In one of this weekend's most heavily
bet games, Tennessee opened as 8 - point home
favorites against Florida.
-- In tonight's win - or - go - home showdown, the Pittsburgh Penguins are currently receiving 44 % of moneyline
bets as -160
favorites against the New York Rangers.
Cincinnati opened as -2
favorites, but are now at +2.5, creating a scenario where a playoff team has favorable line movement
against a non-playoff team, a generally profitable preseason
bet.
With college basketball set to start later in the week, it's time to bring back a seasonal
favorite: the
betting against the public report.
Back in 2008, the line movement was actually quite similar when the previously undefeated Patriots received just 39 % of spread
bets as 14 - point
favorites against the New York Giants.
Despite this heavily lopsided
betting, the line has actually moved
against the
betting percentages with the Cardinals now listed as just -177
favorites.
-- The Miami Heat, who suffered a 107 - 96 loss in Game 1 of the Eastern Conference Finals, are currently receiving 77 % of spread
bets as a 2.5 - point
favorite tonight
against the Indiana Pacers.
By simply
betting against these sizeable
favorites, second half bettors would be able to capitalize on these lines that have been artificially inflated to account for public perception.
NBA - The Miami Heat, who suffered a 107 - 96 loss in Game 1 of the Eastern Conference Finals, are currently receiving 77 % of spread
bets as a 2.5 - point
favorite tonight
against the Indiana Pacers.
We were already well aware that the public loves to
bet on
favorites and thusly the value would come from
betting against the public and examining solely underdogs.
The following night they received just 52 % of spread
bets as 3 - point
favorites against the Jazz.
Last week in this space I examined the public
betting trends for Game 5 of the Western Conference Finals and determined that the Warriors were offering tremendous value as 7.5 - point
favorites against the Thunder.
The whole concept of
betting against the public is based on the idea that «square» or uninformed public bettors create artificial line value by pounding one side — typically the
favorite or the over.
Not surprisingly, three of the games in which Kentucky received fewer than 50 % of spread
bets came
against North Carolina, Florida and Louisville, other ranked - teams and perennial
favorites of public bettors as well.
At the time of publication, Kentucky is receiving 60 % of spread
bets as a 19 - point
favorite for Thursday's game
against Georgia, so be sure to keep an eye on the
betting trends and spread for this game for a possible contrarian
betting opportunity.
More specifically, we found that in games where the «opening line» was -3.1 to -8.1 (small home
favorites), «
betting against the Public» resulted in a 56 % winning percentage and +50 units over the past two seasons.
-- For early Super Bowl
betting, the NFC is currently a 3 - point
favorite against the AFC with a total of 51.5.
Back on February 4th, the Knicks were receiving 55 % of spread
bets as 6.5 - point
favorites against the Nets.
When 80 percent of the
bets are on a road
favorite,
bet against that side,» he says.
People who
bet against every large
favorite that received at least 60 % of the
bets would have made money in four of the last seven years, including the last two seasons.
Based on this data, the optimal range for
betting against the public during the NHL Playoffs comes at the 40 % threshold where
favorites have gone 35 - 14 (71.4 %) with +14.96 units won.
In this weekend's most heavily
bet college football game, Utah opened as 12 - point
favorites against Oregon at the market - setting Pinnacle sportsbook.
We then used our «spread change from open to close» filter to look at instances where a team became a bigger
favorite or a smaller underdog, thus moving
against the public
betting percentages.
For example, if the Patriots are receiving 80 % of spread
bets as a 14 - point
favorite against the Dolphins, you would expect the line to move to -14.5 or -15.
Mississippi opened as a 4 - point home
favorite against Texas A&M but have received just 33 % of early spread
bets.
Betting against the public
favorites at a 70 % threshold yielded an 8 - 4 record for games played on September 4th:
I normally wouldn't make a
bet like this but all three
favorites are going
against the public: Arsenal (35 %), Chelsea (37 %), and Southampton (31 %).
With Jones expected to start, Ohio State opened as a 20.5 - point
favorite against Rutgers and received 75 % of early spread
bets.
Since our first system involved taking the
favorite, the fade system focuses on
betting against the underdog.
Playing
against a Steelers team that is starting Michael Vick in place of the injured Ben Roethlisberger, the Cardinals opened as a 3 - point
favorite at CRIS and have received 85 % of spread
bets at our contributing sportsbooks.
On the other side of the spectrum, square sportsbooks shade their lines towards public
favorites which has provided additional value for our
betting against the public strategies.