This isn't really a team sports blog but occasionally there's some fun with statistics - for example, showing how the BCS Bowl System seeds high-earning teams into its bowls through its bullsh*t preseason rankings, or seeing if there's bias in predicting March Madness games among fans vs. impartial predictors. Now I have a new and exciting project: betting with my mom on Pittsburgh Steelers games.
I don't know that much about football and I certainly don't have loyalty to any team, but I like the statistics of it. And I really like taking money and pride away from the wonderful woman who brought me into this world. But I also want to see how the spread we settle on for our bets, differs from the Vegas line, and whether it does so systematically. (The only way I can swindle her is if she doesn't have the same information I do, i.e. doesn't know the Vegas line. I got her a smartphone with my own money, and if she would use the damn thing she could look it up herself. So unless my take is more than the price of the smartphone I'm not a bad son.)
Statistically, the point spread is the handicap needed for a 50:50 outcome. I've always been interested in the effect of team loyalty on predictions - so in other words, does my mom's loyalty to the Steelers make her think they are more favored than they really are? And of course, in a zero sum game, you want the other person to be irrational in deciding where the 50:50 cut off is. So far, our spreads have been 1.3 points more in the Steelers' favor than Vegas, and I'm 2-1, and it's a dollar a game so she owes me 3.5 zloty. (I only accept Polish currency.)
What I'll be looking for as the season progresses:
- Do the Vegas spreads converge on actual scores as the season progresses, i.e. as there's more information available about the teams? So far this season, they've been way off. Taking the spread and betting on the underdogs, this week you'd have made good money.
- What is the relationship between Elo rating and spread? 538 says it's about one game point per 25 Elo points.
- Finally, what's closer to the actual score, the Vegas line or the K10 bet - in terms of both average difference, and standard deviation? Most importantly, how were the bet outcomes for each spread?
When I looked up the score for the game (why sit there and watch the game when you can just get the score at the end! Waste of time!) I ended up reading about this week's opponent, the Cleveland Browns. It's easy to develop a morbid fascination with bad, bad teams. The Browns are certainly that, and the franchise has been drowning in toilet water for a decade. Cleveland almost became a 0-16 team last year. I really can't say more about how bad the Browns are, and how much any affiliation with them will cause you to suffer (much like a sports fan's version of the puzzle box from Hellraiser) than this Deadspin article. But my favorite part of their last season is as follows. Trying to salvage some humor from the Browns' suckitude and passive-aggressively punish them, their fans had gone so far as to start raising money for an oh-and-16 parade. And guess what? After fourteen long, stupid, torturous games, on Christmas Eve 2016 the Browns narrowly defeated the San Diego Chargers. THAT is when they finally decided to get their act together, when it would ruin their fans' plans, and after it could not possibly matter anymore in terms of the playoffs, and (my favorite part) against a team that technically would no longer exist after the end of the season (the Chargers moved to LA after that season.) So not only was the win completely pointless, it robbed the fans of their one moment of levity. It was worse than worthless. I really like that.