Is that the ESPN one Tiger posted?
yes this one
Betting against the public
At Sports Insights, we track public betting percentages from seven major offshore sportsbooks: 5Dimes, BetDSI, BetUs, Carib, GTBets, SIA and Sportsbook.com. These betting trends reflect real bets placed by real bettors, as opposed to other websites that use "consensus" numbers. By including both sharp and square sportsbooks, our betting percentages accurately reflect which teams the public is backing across the marketplace.
Sportsbooks will adjust their point spreads based on public money only in games with extreme levels of one-sided betting, but bowl season represents a unique opportunity for bettors. With higher-quality matchups and more attention paid to every game, sportsbooks experience much larger handles -- particularly from casual bettors desperate for action. This influx of public money creates value for bettors looking to fade the public.
For more information on this topic I spoke with Scott Cooley, an odds consultant at the offshore sportsbook, Bookmaker.eu. "Obviously the major bowls generate a much bigger handle, but all of them receive pretty good action," Cooley said. "The major bowls will do more in handle than a game during the World Series, outside of Game 7."
With more money at stake, sportsbooks become increasingly willing to shade their lines to account for public money. "The public still has little impact on the odds, but maybe a bit more than normal because the sharps aren't involved in every bowl," Cooley said. Typically sharp bettors are more selective and like to pick their spots. That's much easier during the regular season when there are 50-plus games being played every Saturday.
Contrary to popular belief, oddsmakers do not attempt to balance their book by attracting 50 percent of the action on each side. Instead, they shade their opening lines to capitalize on public perception. Leading up to kickoff, they allow their sharpest bettors to shape the line. However, when there's more public money and less sharp money entering the marketplace, oddsmakers are forced to change their standard procedure.
My research found the average bowl game receives more than three times as many bets than an average regular-season college football game. When I focused exclusively on larger games (specifically BCS bowls and College Football Playoff games) the number of bets are more than five times greater than the average regular-season game. Since the value of betting against the public is directly correlated with the number of bets placed, it shouldn't be surprising to see that betting against the public yields impressive returns during bowl season.
Since 2005, teams receiving less than 50 percent of spread bets have gone 4,336-4,411 ATS (49.6 percent) during the regular season and 195-174 ATS (52.8 percent) during bowl season. When we look at games with more extreme splits between the betting public, those results improve substantially.
NCAAF Bowl Season - Betting Against
PUBLIC BETTINGREGULAR SEASON ATSBOWL SEASON ATS
Less than 50 percent of spread bets4,336-4,411 (49.6 percent)195-174 (52.8 percent)
Less than 40 percent of spread bets2,961-3,062 (49.2 percent)120-84 (58.8 percent)
Less than 33 percent of spread bets2,133-2,208 (49.1 percent)65-34 (65.7 percent)
Also worth noting is the performance of underdogs during bowl season. These are typically evenly matched teams, which leads to competitive games. By simply taking the points, bettors gain a slight edge. Since 2005, underdogs have gone 192-184 ATS (51.1 percent) in bowl games. For comparison, 'dogs have gone 4,452-4,455 (50 percent) in regular-season games over that time.
As most bettors already know, "3" and "7" are the most common margins of victory in college football and grabbing the best of any key number is vital to long-term sports betting success. It's always crucial to shop for the best line before placing a wager, but that's particularly true around key numbers.
During bowl season, underdogs of at least 3 points have gone 150-140 ATS (51.7 percent) but underdogs of at least 3.5 points have gone 128-115 ATS (52.7 percent). Similarly, underdogs of at least 7 points have gone 68-63 ATS (51.9 percent) and underdogs of at least 7.5 points have gone 56-47 ATS (54.4 percent).
Based on the current levels of public betting, 11 underdogs are offering contrarian value during bowl season. For what it's worth, bettors should wait until closer to kickoff to place their wagers, since one-sided public betting on their opponent will likely allow bettors to get a better number.
Note: All lines courtesy of the Westgate Las Vegas SuperBook as of Monday.
1. Dec. 17, Gildan New Mexico Bowl: UTSA (+7) receiving 31 percent of bets against New Mexico.
2. Dec. 23, Popeye's Bahamas Bowl: Eastern Michigan (+4) receiving 31 percent of spread bets against Old Dominion.
3. Dec. 23, Lockheed Martin Armed Forces Bowl: Navy (+3.5) receiving 27 percent of spread bets against Louisiana Tech.
4. Dec. 26, St. Petersburg Bowl: Miami Ohio (+12) receiving 28 percent of spread bets against Mississippi State.
5. Dec. 27, Motel 6 Cactus Bowl: Baylor (+8.5) receiving 31 percent of spread bets against Boise State.
6. Dec. 27, National Funding Holiday Bowl: Minnesota (+6.5) receiving 22 percent of spread bets against Washington State.
7. Dec. 28, New Era Pinstripe Bowl: Northwestern (+5.5) receiving 21 percent of spread bets against Pittsburgh.
8. Dec. 30, Franklin American Mortgage City Bowl: Nebraska (+3) receiving 32 percent of spread bets against Tennessee.
9. Dec. 31, College Football Playoff semifinal: Washington (+15.5) receiving 33 percent of spread bets against Alabama.
10. Jan. 2, Goodyear Cotton Bowl Classic: Western Michigan (+7.5) receiving 28 percent of spread bets against Wisconsin.
11. Jan. 2, Allstate Sugar Bowl: Auburn (+4) receiving 26 percent of spread bets against Oklahoma.
Unranked teams vs. ranked opponents
For years, I have argued that ranking systems are flawed across all major college sports. Fans and media alike often tout the talent of a team based on their standings in the national rankings, but what do these rankings really tell us?
The Associated Press Top 25 rankings are formulated in a survey of 65 sportswriters and broadcasters from across the country. Most fans believe, based on the knowledge and insight of these media members, the ranking system is accurate. I disagree. Most of these writers are focused on a specific team or conference, and can't possibly watch every other team across the nation.
As an example, LSU is ranked 19th in the latest AP poll, yet the Tigers would likely be favored against half the teams listed above them. In fact, several oddsmakers I spoke with argued that LSU would be favored against No. 5 Penn State. Clearly this is a flawed metric, yet casual bettors place an inordinate amount of value on these rankings.
Fans often overrate teams when they see any type of ranking next to a school, and it's clear that these rankings are imperfect because we occasionally see unranked schools listed as road favorites against ranked opponents. Being a successful contrarian bettor means always questioning mainstream narratives and capitalizing on these types of widely accepted opinions. When a ranked team plays against an unranked opponent, oddsmakers understand casual bettors will act on instinct and take the ranked team almost every time. Since they anticipate this one-sided action, sportsbooks will shade their opening number to force casual bettors to take a bad number when backing the ranked team. This has historically created value for opportunistic bettors.
During the 2016 season, unranked schools went 111-92 ATS (54.7 percent) against unranked opponents. It's interesting to note there were nine instances in which the unranked team actually closed as the favorite, but the more compelling takeaway is the performance of unranked teams during bowl season.
Since 2005, unranked teams have gone 43-32 ATS (57.3 percent) in bowl games played against ranked opponents. When they're also offering contrarian value and receiving less than 50 percent of spread bets, that record improves to 40-28 ATS (58.8 percent).
AP Top 25 Poll Is Overvalued
CRITERIAATS RECORDUNITS WONROI
Unranked Team vs. Ranked Team43-32 (57.3 percent)+8.60+11.5 percent
Unranked Team vs. Ranked Team, Against Public40-28 (58.8 percent)+9.64+14.2 percent
Closing lines from Pinnacle were used to determine records
There are currently seven unranked teams facing off against a ranked opponent but, surprisingly, only three of them are being ignored by the majority of public bettors.
1. Dec. 28, New Era Pinstripe Bowl: Northwestern (+5.5) receiving 21 percent of spread bets against No. 23 Pittsburgh.
2. Dec. 28, Russell Athletic Bowl: Miami Florida (+3) receiving 41 percent of spread bets against No. 16 West Virginia.
3. Dec. 30, Hyundai Sun Bowl: North Carolina (+3.5) receiving 35 percent of spread bets against No. 18 Stanford.
Buy low on bad ATS teams
Investors familiar with the concept of "buy low and sell high" may be surprised to learn sports betting is no different. Teams never offer more value than they do after a loss and, conversely, the most favorable time to bet against a team is after a victory.
For bettors, the term "loss" may seem ambiguous since our strategies typically focus on underdogs, who are often able to lose the game while still covering the spread. But what happens when the same teams repeatedly burn bettors? What happens when these teams fail to cover the spread, and bankrolls suffer? When bettors start to lose money faster than Antoine Walker as the casino, panic sets in and bettors begin to overreact. They vow to never let those same teams burn them again. That's when opportunistic contrarians can capitalize on these artificially inflated lines.
My research found that bettors have historically overreacted to teams that have performed poorly against the spread (ATS). Since casual bettors are unwilling to take teams that have consistently failed to cover the spread, oddsmakers shade their lines to account for one-sided public betting. Once again, by capitalizing on public perception we're able to extract contrarian value.
Teams with an ATS winning percentage of less than 50 percent have gone 120-96 ATS (55.6 percent) during bowl season. This figure was somewhat misleading since games featuring two teams with losing ATS records would always result in a 1-1 ATS record. By eliminating all duplicates, the record improves to 88-64 ATS (57.9 percent).
When we look at teams that have performed horribly against the spread, our records improve considerably. Since 2005, teams with an ATS win rate of 33 percent or less have gone 30-13 ATS (69.8 percent) during bowl season. That includes a 19-6 ATS (76 percent) record when they're receiving less than 50 percent of spread bets.
Bowl Teams With Poor ATS Winning Percentage
CRITERIAATS RECORDUNITS WONROI
ATS Record <50 percent88-64 (57.9 percent)+20.05+13.2 percent
ATS Record <33 percent30-13 (69.8 percent)+16.26+37.8 percent
ATS Record <33 percent, Receiving <50 percent of spread bets19-6 (76.0 percent)+12.65+50.6 percent
Closing lines from Pinnacle were used to determine records
Duplicates are hidden since they will always result in 1-1 ATS record
There are seven teams who finished the 2016 regular season with an ATS winning percentage of 33 percent or lower: Baylor (3-9), Boise State (3-9), Maryland (4-8), South Alabama (3-8), Southern Mississippi (3-8), TCU (3-9) and Texas A&M (4-8). Surprisingly, four of these teams are actually receiving the majority of spread bets at our contributing sportsbooks. That means there are only three "buy-low" candidates that are also providing bettors with contrarian value.
1. Dec. 27, Motel 6 Cactus Bowl: Baylor (+8.5) receiving 31 percent of spread bets against Boise State.
2. Dec. 30, Nova Home Loans Arizona Bowl: South Alabama (+13) receiving 47 percent of spread bets against Air Force.
3. Dec. 30, AutoZone Liberty Bowl: TCU (+1) receiving 24 percent of spread bets against Georgia.
At the time of publication, there are 15 teams offering value during bowl season with Northwestern (+5.5) and Baylor (+8.5) the only teams fitting multiple contrarian systems. That said, it's important to realize that these lines and betting trends are always subject to change, so make sure to check ESPN Chalk's Live Odds page over the upcoming weeks for latest information.