FV of buying on/off 3 in NFLX?

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  • HedgeHog
    SBR Posting Legend
    • 09-11-07
    • 10128

    #1
    FV of buying on/off 3 in NFLX?
    What is the fair value of buying on or off the 3 in the NFL exhibition games? The lower totals suggest it may be more valuable than in the regular season. On the other hand, teams often go for two at the end to avoid OT--a very serious drawback. So what is the 1/2 pt buy worth on this key # during the pre-season? Any help would be appreciated.
  • Justin7
    SBR Hall of Famer
    • 07-31-06
    • 8577

    #2
    About 13 cents.

    Roughly half of the games won by exactly "3" occur in overtime. Most coaches actively avoid overtime situations, such as going for 2 rather than take a 7-point lead, or not kicking a late field goal.
    Comment
    • Bill the cop
      SBR High Roller
      • 12-14-09
      • 128

      #3
      Originally posted by Justin7
      About 13 cents.

      Roughly half of the games won by exactly "3" occur in overtime. Most coaches actively avoid overtime situations, such as going for 2 rather than take a 7-point lead, or not kicking a late field goal.
      Over the last 601 games (about 10 years), 13, or 2.2% went into OT. Of those, 11 were decided by 3, one by 6, and one 0-0.

      92 of those 601 games were decided by exactly "3" regardless of the line.

      225 (37.4%) went off at "3", of those 17 pushed ATS or 7.6%
      Comment
      • Justin7
        SBR Hall of Famer
        • 07-31-06
        • 8577

        #4
        Originally posted by Bill the cop
        Over the last 601 games (about 10 years), 13, or 2.2% went into OT. Of those, 11 were decided by 3, one by 6, and one 0-0.

        92 of those 601 games were decided by exactly "3" regardless of the line.

        225 (37.4%) went off at "3", of those 17 pushed ATS or 7.6%
        Double check your numbers. Only 13 games went to overtime in the last 10 years?
        Comment
        • durito
          SBR Posting Legend
          • 07-03-06
          • 13173

          #5
          Originally posted by Justin7
          Double check your numbers. Only 13 games went to overtime in the last 10 years?



          my database has 12 the last 10 years
          Last edited by durito; 08-08-11, 10:50 PM.
          Comment
          • durito
            SBR Posting Legend
            • 07-03-06
            • 13173

            #6
            ...
            Last edited by durito; 08-08-11, 10:51 PM. Reason: ...
            Comment
            • blackbox
              SBR MVP
              • 02-28-08
              • 1415

              #7
              Believe 3 comes up as the final difference 17% of the time in the NFL-my memory fails me- very -very hard to buy off a 3 now-usually will tack on 3 -1.20 first. It can be done if your a regular customer in Nevada of one of the books-call it - in the name of good customer relations if audit catches the move. Not a regular habit though. gl Lou knows the situation.
              Comment
              • Justin7
                SBR Hall of Famer
                • 07-31-06
                • 8577

                #8
                I counted 13 in the first 10 weeks of 2010...
                Comment
                • MonkeyF0cker
                  SBR Posting Legend
                  • 06-12-07
                  • 12144

                  #9
                  Umm. He asked about preseason.
                  Comment
                  • blackbox
                    SBR MVP
                    • 02-28-08
                    • 1415

                    #10
                    Got the info. from Roxy"s class back in the 80'S--it was in his book also-this 2 pt. thing thru a wrench into the #'s--good job Justin--by the way--what was the most popular final # in 2010 ? thanks-
                    Comment
                    • durito
                      SBR Posting Legend
                      • 07-03-06
                      • 13173

                      #11
                      Originally posted by Justin7
                      I counted 13 in the first 10 weeks of 2010...
                      before i edited my post i suggested you try reading the thread title, but i took it out thinking you first post in this thread made it obvious you knew this was about preseason, but who the **** knows with you.
                      Comment
                      • Bill the cop
                        SBR High Roller
                        • 12-14-09
                        • 128

                        #12
                        Originally posted by Justin7
                        About 13 cents.



                        Roughly half of the games won by exactly "3" occur in overtime. Most coaches actively avoid overtime situations, such as going for 2 rather than take a 7-point lead, or not kicking a late field goal.
                        I don't want to pile on, but you are obviously confused. Whether you were talking about NFLX or regular season, the statement "roughly half of the games won by exactly "3" occur in overtime" is not even close to being accurate. In the regular season 15.9% of all games are decided by 3 points (705 games since 1994), but only 205 of those decided by 3 were in OT. The same pattern occurs in NFLX games (15.3% are decided by 3, etc.). I cut and pasted the following from a post I made last week in another forum.

                        " Also, you often hear that coaches don't like going into OT preseason, right? Well that's correct, only 2.2%
                        of NFLX games go into OT, compared to 6.2% of regular season games. As a side note, have you ever
                        had +3.5 points going into OT and got screwed by the other team scoring a TD? Here's some historical data,
                        since 1994 there have been 274 OT games, 205 (or 75%) were decided by 3 (or less), and 69 (or 25%) by 6.
                        You probably won about half of the 6 point games, so going into OT with +3.5 points should cash about 88%
                        of the time (it just SEEMS like that 12% bites you in the ass more often). Just one more trivia stat, of the 274
                        OT games, 4 ended 0-0 in OT."
                        Comment
                        • Justin7
                          SBR Hall of Famer
                          • 07-31-06
                          • 8577

                          #13
                          Thanks, Bill. Either I was wrong, or things changed since I did my analysis.
                          Comment
                          • HedgeHog
                            SBR Posting Legend
                            • 09-11-07
                            • 10128

                            #14
                            Thanks to everyone for the input. Bill, the stats you provided were most helpful.
                            Comment
                            • Jontheman
                              SBR High Roller
                              • 09-09-08
                              • 139

                              #15
                              Originally posted by Justin7
                              I counted 13 in the first 10 weeks of 2010...
                              Yeah, they earn enough. Make 'em do a 10 week preseason!!
                              Comment
                              • BarkingToad
                                SBR Hall of Famer
                                • 08-31-08
                                • 5913

                                #16
                                Originally posted by Bill the cop
                                I don't want to pile on, but you are obviously confused. Whether you were talking about NFLX or regular season, the statement "roughly half of the games won by exactly "3" occur in overtime" is not even close to being accurate. In the regular season 15.9% of all games are decided by 3 points (705 games since 1994), but only 205 of those decided by 3 were in OT. The same pattern occurs in NFLX games (15.3% are decided by 3, etc.). I cut and pasted the following from a post I made last week in another forum.

                                " Also, you often hear that coaches don't like going into OT preseason, right? Well that's correct, only 2.2%
                                of NFLX games go into OT, compared to 6.2% of regular season games. As a side note, have you ever
                                had +3.5 points going into OT and got screwed by the other team scoring a TD? Here's some historical data,
                                since 1994 there have been 274 OT games, 205 (or 75%) were decided by 3 (or less), and 69 (or 25%) by 6.
                                You probably won about half of the 6 point games, so going into OT with +3.5 points should cash about 88%
                                of the time (it just SEEMS like that 12% bites you in the ass more often). Just one more trivia stat, of the 274
                                OT games, 4 ended 0-0 in OT."
                                Great to see your posts and info per usual, Bill. Thanks for your insight!
                                Comment
                                • dogman
                                  SBR Wise Guy
                                  • 11-28-05
                                  • 513

                                  #17
                                  Same here. Some posters don't agree with some of his work, but me I"m all ears when he talks. I consider him one of the best posters on the sports forums, mainly because he is always thinking out of the box to get an edge. Glad to see him here.
                                  Comment
                                  • Thremp
                                    SBR MVP
                                    • 07-23-07
                                    • 2067

                                    #18
                                    Originally posted by Justin7
                                    Thanks, Bill. Either I was wrong, or things changed since I did my analysis.

                                    You are wrong. There is no possible way your analysis could have been correct at any point in the past.
                                    Comment
                                    • wiffle
                                      SBR Wise Guy
                                      • 07-07-10
                                      • 610

                                      #19
                                      Hai thremp,
                                      I'm a big fan of yours. Can you give me a shoutout in your blog.

                                      kthxbai
                                      Comment
                                      • Thremp
                                        SBR MVP
                                        • 07-23-07
                                        • 2067

                                        #20
                                        Thanks. I'm a fan of yours as well.
                                        Comment
                                        • wiffle
                                          SBR Wise Guy
                                          • 07-07-10
                                          • 610

                                          #21
                                          <3

                                          .
                                          Comment
                                          • donjuan
                                            SBR MVP
                                            • 08-29-07
                                            • 3993

                                            #22
                                            If I ever get shown up by BTC please kill me.
                                            Comment
                                            • Dark Horse
                                              SBR Posting Legend
                                              • 12-14-05
                                              • 13764

                                              #23
                                              Originally posted by HedgeHog
                                              What is the fair value of buying on or off the 3 in the NFL exhibition games? The lower totals suggest it may be more valuable than in the regular season. On the other hand, teams often go for two at the end to avoid OT--a very serious drawback. So what is the 1/2 pt buy worth on this key # during the pre-season? Any help would be appreciated.
                                              Have you ever seen as many spreads of 3 or half a point off 3 as in NFLX? That means the books don't have a clue. If a line of 3 is sharp, respect that. But if a line of 3 is just a number thrown out there, why respect it? There are easier ways to beat it than buying a half or whole point.
                                              Comment
                                              • HedgeHog
                                                SBR Posting Legend
                                                • 09-11-07
                                                • 10128

                                                #24
                                                Originally posted by Dark Horse
                                                Have you ever seen as many spreads of 3 or half a point off 3 as in NFLX? That means the books don't have a clue. If a line of 3 is sharp, respect that. But if a line of 3 is just a number thrown out there, why respect it? There are easier ways to beat it than buying a half or whole point.
                                                Knowing the value of 3 in NFLX helps me line shop. Take tonight's game for example. At one place, I can get the NY Jets + 2.5 +105, another has +3 -108 and a third out has +3.5 -120. Input from this thread helps make the best choice should I want to bet the Jets.
                                                Comment
                                                • Justin7
                                                  SBR Hall of Famer
                                                  • 07-31-06
                                                  • 8577

                                                  #25
                                                  Originally posted by HedgeHog
                                                  Knowing the value of 3 in NFLX helps me line shop. Take tonight's game for example. At one place, I can get the NY Jets + 2.5 +105, another has +3 -108 and a third out has +3.5 -120. Input from this thread helps make the best choice should I want to bet the Jets.
                                                  I think I would take +9.5 -241.
                                                  Comment
                                                  • HedgeHog
                                                    SBR Posting Legend
                                                    • 09-11-07
                                                    • 10128

                                                    #26
                                                    Originally posted by Justin7
                                                    I think I would take +9.5 -241.
                                                    I would too. Sounds like you're hinting at putting them in a 2-team teaser at even odds, which I aleady have done.
                                                    Comment
                                                    • Justin7
                                                      SBR Hall of Famer
                                                      • 07-31-06
                                                      • 8577

                                                      #27
                                                      Originally posted by HedgeHog
                                                      I would too. Sounds like you're hinting at putting them in a 2-team teaser at even odds, which I aleady have done.
                                                      Where are you playing them at 2-team Even? I'm stuck playing 4-teamers at +300.
                                                      Comment
                                                      • HedgeHog
                                                        SBR Posting Legend
                                                        • 09-11-07
                                                        • 10128

                                                        #28
                                                        Originally posted by Justin7
                                                        Where are you playing them at 2-team Even? I'm stuck playing 4-teamers at +300.
                                                        Sportbet (5D), but of course the lines are shaded on teasers--so I can't get 9.5 points. Where can you get the Jets +9.5 -241?
                                                        Comment
                                                        • jolmscheid
                                                          Restricted User
                                                          • 02-20-10
                                                          • 3256

                                                          #29
                                                          Originally posted by HedgeHog
                                                          Sportbet (5D), but of course the lines are shaded on teasers--so I can't get 9.5 points. Where can you get the Jets +9.5 -241?
                                                          Why would you tease up to +9? A margin of 9 hardly ever happens in the NFL...plus it's not a true Wong....unless you are doing something different for pre-season maybe?
                                                          Comment
                                                          • skrtelfan
                                                            SBR MVP
                                                            • 10-09-08
                                                            • 1913

                                                            #30
                                                            Originally posted by jolmscheid
                                                            Why would you tease up to +9? A margin of 9 hardly ever happens in the NFL...plus it's not a true Wong....unless you are doing something different for pre-season maybe?
                                                            With a juiced +3 you are often getting the 9 for free, while the 9 isn't worth much, it's worth something. And it's irrelevant if something isn't "a true Wong." Wong happened to popularize these teasers, but he certainly isn't the be all and end all of teaser subset analysis.
                                                            Comment
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