Middling NFL props?

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  • Ominous
    SBR Hustler
    • 10-04-08
    • 87

    #1
    Middling NFL props?
    Is it profitable to middle NFL props? When I use poission to examine them I sometimes find rediculous values like 20% value etc.

    Lets say I have Sanchez passing
    O175,5 yards -117
    U199,5 yards -117

    Do you like to bet this blindly on poission analysis?
    With an avarage yards/passing attempt for this player of 6,75 y/Att the lines will converts to
    O26 Attempts
    U29,5 Attempts

    If the expected number of Attempts is anywhere between 21 and 37 then this bet will show a positive EV according to poission analysis. With expected attempts between in the range 26-30 the bet shows a EV of 17% according to poission both legs taken into account. This seems almost to good to be true.

    What do you guys think?

    Do I make some logical error with this analysis? Which avarage is best to use to convert yards to attempts?(player this season, player previous season, team avg, NFL avg? not that +-25% on the avg would matter that much)

    Are there any bookie specific interpetations of rules that can cause obvious problems here?

    Edit:I recalculated using completed passes instead of attempted passes by assuming 60% pass completetion. This lowered the lines to O15,5 and U17,5 but it stills shows an EV of 8-10% in reasonable ranges of expected completed passes, and positive EV in the range of 12-22 expected completed passes
    Last edited by Ominous; 10-10-09, 04:35 AM.
  • oveedee
    SBR Rookie
    • 10-10-09
    • 4

    #2
    Hard to say, it is not a clear pattern here. Sure, some general laws apply, but there is always the surprise factor. I guess that what matters the most is how the player is playing the current season because that's the most relative factor, but many things can change..
    Comment
    • Peeig
      SBR Wise Guy
      • 02-06-08
      • 567

      #3
      If you find a middle that big, I would jump on it.........I don't know the exact edge, but it is a good bet.
      Comment
      • rm18
        SBR Posting Legend
        • 09-20-05
        • 22291

        #4
        i do not find many of these, sometimes I find where like I bet the same guy to go under in receptions and over in yards and try to hit both or get a win and push
        Comment
        • stats13
          SBR MVP
          • 06-29-09
          • 1687

          #5
          Originally posted by rm18
          i do not find many of these, sometimes I find where like I bet the same guy to go under in receptions and over in yards and try to hit both or get a win and push
          rm, check your personal email. i need routing info
          Comment
          • Ominous
            SBR Hustler
            • 10-04-08
            • 87

            #6
            I wrote a program to calculate poission value for middling.

            Here is my other play
            Jones rushing
            O50.5 yards -117
            U60.5 yards -117


            Assumption here is 4.1 yards/rush attempt

            This graph computed EV as a function of lambda(Expected number of rush attempts)


            Lambda should be around the lines posted by the books which makes this bet look like a good one to me, with a EV of about 15%. what you think?
            Looking good?

            what worries me is that the EV seems to "good to be true"
            Last edited by Ominous; 10-10-09, 11:54 AM.
            Comment
            • rookie
              SBR Wise Guy
              • 10-01-05
              • 682

              #7
              One of the conditions to be met for poisson distribution is that the number of opportunities for the event occurring need to be very large relative to the likelihood of the event. This is not satisfied in case of pass completions or rushing attempts for main RB(s).
              Comment
              • Ominous
                SBR Hustler
                • 10-04-08
                • 87

                #8
                Originally posted by rookie
                One of the conditions to be met for poisson distribution is that the number of opportunities for the event occurring need to be very large relative to the likelihood of the event. This is not satisfied in case of pass completions or rushing attempts for main RB(s).

                Hmm yeah, its obviously not ideal but question is if it is "good" enough.

                Would you try to use binominal distribution instead?

                It has 2 indata parameters as far as I understand, n attempts and p probability of success per attempt. Problem here is that it will be far harder to guess these parameters than in the case of poission where you can assume that <the expected number of occerences> is close to the actual line offered by the book. Any suggestions here?
                Comment
                • durito
                  SBR Posting Legend
                  • 07-03-06
                  • 13173

                  #9
                  the limits are way too low
                  Comment
                  • rookie
                    SBR Wise Guy
                    • 10-01-05
                    • 682

                    #10
                    Originally posted by Ominous
                    Problem here is that it will be far harder to guess these parameters than in the case of poission where you can assume that <the expected number of occerences> is close to the actual line offered by the book. Any suggestions here?
                    Dangerous assumption. Especially when we are talking about those sportsbooks who will not put up lines unless they flash on their Don Best screens. Some of them put up props for a week or two but then discontinue. The limits are so low and juice is high. All indicators of lack of belief in their own numbers. I will not rely on them.
                    Comment
                    • Thremp
                      SBR MVP
                      • 07-23-07
                      • 2067

                      #11
                      Originally posted by durito
                      the limits are way too low

                      I've never been one to scorn the effort of bending down to pick up $20.
                      Comment
                      • durito
                        SBR Posting Legend
                        • 07-03-06
                        • 13173

                        #12
                        Originally posted by Thremp
                        I've never been one to scorn the effort of bending down to pick up $20.
                        yea but you should be able to figure out the +ev side in <1 minute. Probably worth the extra effort.
                        Comment
                        • Frank
                          SBR Wise Guy
                          • 10-13-07
                          • 918

                          #13
                          Isn't poisson distribution only valid if things happen in increments of one?

                          If thats the case, attempts would work but not yardage.
                          Comment
                          • shantystar
                            SBR Hall of Famer
                            • 11-13-05
                            • 7299

                            #14
                            Originally posted by Ominous
                            Is it profitable to middle NFL props? When I use poission to examine them I sometimes find rediculous values like 20% value etc.

                            Lets say I have Sanchez passing
                            O175,5 yards -117
                            U199,5 yards -117

                            Do you like to bet this blindly on poission analysis?
                            With an avarage yards/passing attempt for this player of 6,75 y/Att the lines will converts to
                            O26 Attempts
                            U29,5 Attempts

                            If the expected number of Attempts is anywhere between 21 and 37 then this bet will show a positive EV according to poission analysis. With expected attempts between in the range 26-30 the bet shows a EV of 17% according to poission both legs taken into account. This seems almost to good to be true.

                            What do you guys think?

                            Do I make some logical error with this analysis? Which avarage is best to use to convert yards to attempts?(player this season, player previous season, team avg, NFL avg? not that +-25% on the avg would matter that much)

                            Are there any bookie specific interpetations of rules that can cause obvious problems here?

                            Edit:I recalculated using completed passes instead of attempted passes by assuming 60% pass completetion. This lowered the lines to O15,5 and U17,5 but it stills shows an EV of 8-10% in reasonable ranges of expected completed passes, and positive EV in the range of 12-22 expected completed passes
                            good example to understand pro members here.
                            Comment
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