This is something I do every season at the MLB AS break.
Some years back I was involved in a good discussion, the topic being perceived value v. actual (real value)
Long story short, perceived value is what the consumer thinks (in this case a futures wager) is worth, versus what it's worth actually.
If one thinks the Mets are a good value to win the World Series at +700, that's perceived value.
Personally I think that's shitty value as the true odds (see table below) are around +1300.
For this thread I am using current odds presently posted at DraftKings sports book.
I don't have the time to post tables from all the books, DK works just fine for this example.
I have tons of personal data bases, some are my own creations, some I borrow from sources that know more about betting markets than me, and some sources I borrow from outright.
(I'll always credit the outside sources, and make it point blank clear it's not my work, credibility and integrity means everything to me)
For MLB futures, I have found the most accurate, and I mean deadly accurate source are the databases baseball-reference.com provides, and if I thought what they have to say wasn't worth it, if it wasn't all that, trust me, I would not be sharing all this with you all.
The data is baseball-reference's, I tweaked this table by including DK's posted future prices, (column heading DK odds) the column heading "TRUE ODDS" are what I am referring to what BR.com believes the real odds are, I can convert moey lines into decimal odds etc. the column header WS% is what br.com believes the real percentage an individual team chances are.
Current refers to current record, average refers to all things considered, what an individual teams final record will be, and that WINS column on the right, those are the o/u posted number of wins you can wager on at DK.
Regarding over/under wins, Yankees and Dodgers may have locked it up by Labor Day, be careful there as they may be playing part timers, full time for a month.
My takeaways from all this?
BR feels there is tremendous all around in the Cards, as they feel they're just not going to win the NL Central, but win it going away. Usually they don't endorse chalk but this year they're pretty much saying Yankees take it all, with value to boot.
I'll post the WC, odds, the division odds a little later as the afternoon progresses.
Two final points, I am just sharing information that has been very kind to me in the past, I am not suggesting you tail or fade any of this.
Finally, BR's method is thus:
One thousand (1000) simulated games, based on each and every teams performance, up to the AS break, with rSOS factored in, and includes a regression to the mean value.
Current Average Team DK Odds True Odds WS% W L W L Wins NL East 1 Mets 700 1300 7.40% 58 35 97.4 64.6 97.5 2 Braves 800 2170 4.60% 56 38 93.3 69.7 94.5 3 Phillies 3500 4170 2.40% 49 43 88.4 73.6 86.5 NL Central 1 Cardinals 3500 3571 2.80% 50 44 89 73 86.5 2 Brewers 1700 33333 0.30% 50 43 84.5 77.5 88,5 NL West 1 Dodgers 380 465 23.50% 60 30 104.8 57.2 103.5 2 Padres 2200 6666 1.50% 52 42 86.3 75.7 90.5 3 Giants 5000 5260 1.90% 48 43 86.2 75.8 86.5 AL East 1 Yankees 400 202 33.60% 64 28 108 54 104.5 2 Rays 2800 3333 3.00% 51 41 88.3 73.7 87.5 3 Blue Jays 1500 3225 3.10% 50 43 86.3 75.7 88.5 4 Red Sox 3500 10000 1.00% 48 45 83.1 78.9 84.5 AL Central 1 Twins 5000 12500 0.80% 50 44 84.6 77.4 84.5 2 White Sox 3000 9100 1.10% 46 46 83.1 78.9 85.5 3 Guardians 15000 20000 0.50% 46 44 82.1 79.9 81.5 AL West 1 Astros 500 1040 9.60% 59 32 98.7 63.3 101.5 2 Mariners 5000 3850 2.60% 51 42 88.1 73.9 86.5