Hey guys,
I know it's only December but I am starting to work on baseball and I am trying to figure out how much fielding should be worth. Say I had a model that incorporated pitching and hitting but not fielding. In attempting to price a game on a neutral field the model basically says the two teams are evenly matched and the price should be:
Team A -105
Team B -105
Well what if I was then able to find an accurate ranking of teams' fielding abilities and discovered that Team A is the best fielding team in baseball and Team B is the worst. Team A is not the best fielding team in the last 50 years and is no better or worse than the number 1 ranked fielding teams in previous years and Team B is no better or worse than the average last place fielding team over the years.
With this new fielding information what would you make the new moneyline? I doubt there is an exact answer but what would your best estimation be? I am struggling to come up with an answer. I figure it would have to be worth at least 1 cent and probably is worth more. Maybe 20 cents? So the new price would be:
Team A -115
Team B +105
Is that too much of an adjustment? Too little? Any and all thoughts would be greatly appreciated, including suggestions on how to attack this problem. Thanks.