Is this a good bet?

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  • WonTooManyBets
    SBR Wise Guy
    • 04-02-08
    • 586

    #1
    Is this a good bet?
    Will The Boston Celtics win a Road Game vs the Pistons?

    Yes -190
  • BigOrangeTitans
    SBR MVP
    • 11-23-07
    • 4504

    #2
    Originally posted by WonTooManyBets
    Will The Boston Celtics win a Road Game vs the Pistons?

    Yes -190
    Why not take the celtics to win the series?

    If celts win a road game, they win the series in 75%+ scenarios. Even if they dont, you can still win if they win all their home games. Furthermore, -150 is a lot better than -190.

    So to answer your question. Thats an awful bet.
    Comment
    • gordon gekko
      SBR MVP
      • 05-01-08
      • 2842

      #3
      Celtics win one on the road and beat the pistons in 5.
      Comment
      • WonTooManyBets
        SBR Wise Guy
        • 04-02-08
        • 586

        #4
        I can get the Celtics to win the series at -135.
        Comment
        • BigOrangeTitans
          SBR MVP
          • 11-23-07
          • 4504

          #5
          Originally posted by gordon gekko
          I like it they are going to win all there games at home and win one on the road against the pistons. Celts in 5
          then why not take the celtics to win the series at -150?
          Comment
          • fiveteamer
            SBR Posting Legend
            • 04-14-08
            • 10805

            #6
            **** -190
            Comment
            • BigOrangeTitans
              SBR MVP
              • 11-23-07
              • 4504

              #7
              Originally posted by WonTooManyBets
              I can get the Celtics to win the series at -135.
              Well, I'm pretty sure I explained above why you should bet it if its a lot less vig. -135 is out there now but when i placed it, i got -150. If you look at the numbers, this bet is much better than the prop.
              Comment
              • BigOrangeTitans
                SBR MVP
                • 11-23-07
                • 4504

                #8
                Plus why gamble against something that hasnt happened? Streaks are easier to ride than pick and guess when it ends.
                Comment
                • WonTooManyBets
                  SBR Wise Guy
                  • 04-02-08
                  • 586

                  #9
                  Originally posted by BigOrangeTitans
                  Plus why gamble against something that hasnt happened? Streaks are easier to ride than pick and guess when it ends.
                  A team has never won the NBA title without winning at least 3 games on the road during the playoffs. It is bound to happen sometime.
                  Comment
                  • gordon gekko
                    SBR MVP
                    • 05-01-08
                    • 2842

                    #10
                    What happens if Celts win the series but just win all there games at home like what they have been doing?
                    Comment
                    • BigOrangeTitans
                      SBR MVP
                      • 11-23-07
                      • 4504

                      #11
                      Originally posted by WonTooManyBets
                      A team has never won the NBA title without winning at least 3 games on the road during the playoffs. It is bound to happen sometime.
                      Well, if you had been betting against this trend every time, you would be buried. If you followed it, you would be living on your own island.
                      Comment
                      • BigOrangeTitans
                        SBR MVP
                        • 11-23-07
                        • 4504

                        #12
                        Originally posted by gordon gekko
                        What happens if Celts win the series but just win all there games at home like what they have been doing?
                        Thus why celts to win series at a lesser vig is the correct bet.
                        Comment
                        • WonTooManyBets
                          SBR Wise Guy
                          • 04-02-08
                          • 586

                          #13
                          I think the Pistons are a good team though and the Celtics haven't looked great so I'm not sold on the Celtics winning the series.
                          Comment
                          • BigOrangeTitans
                            SBR MVP
                            • 11-23-07
                            • 4504

                            #14
                            You could actually lock in near guaranteed profit(so long as the celts dont lose the series without winning one on the road) if you bet
                            No on the prop(+170) .62 units
                            Celts win series -135 1 unit
                            You could lock in .1 unit profit if only one bet wins. If both win, then its 2+ units per 1.62 units wagered.
                            Comment
                            • BigOrangeTitans
                              SBR MVP
                              • 11-23-07
                              • 4504

                              #15
                              Originally posted by WonTooManyBets
                              I think the Pistons are a good team though and the Celtics haven't looked great so I'm not sold on the Celtics winning the series.
                              So your telling me that you like the celtics to win on the road, but not the series?

                              If they win 1 on the road, this series is over.
                              Comment
                              • pico
                                BARRELED IN @ SBR!
                                • 04-05-07
                                • 27321

                                #16
                                the question is, can the celtics win all their home games?

                                i would take no plus money
                                Comment
                                • Ganchrow
                                  SBR Hall of Famer
                                  • 08-28-05
                                  • 5011

                                  #17
                                  Originally posted by WonTooManyBets
                                  Will The Boston Celtics win a Road Game vs the Pistons?

                                  Yes -190
                                  Based on my back of the envelope calculation assuming a 64.094% of Boston winning a given game at home and a 38.150% probability of winning on the road (determined from backing out of a 56.751% series win probability for Boston). I have the following outcome probabilities:

                                  Code:
                                  Win In	BOS	DET	Total
                                  4 games	 5.979%	 4.932%	 10.911%
                                  5 games	16.719%	 8.506%	 25.226%
                                  6 games	13.186%	18.122%	 31.308%
                                  7 games	20.866%	11.689%	 32.555%
                                  Total	56.751%	43.249%	100.000%
                                  Now if Boston wins in 4,5, or 6 games then they'll necessarilly have won at least 1 game on the road. So that's 5.979%+16.719%+13.186% = 35.884%.

                                  If Boston wins in 7 then they'll necessarilly have won at least 1 game on the road provided they don't split perfectly. So that's 20.866%-64.094%4*61.850%3 = 16.873%.

                                  Detroit wins in 5 -- Boston wins 1 on the road with probability 2*35.906%3*61.850%*38.150% = 2.184%.

                                  Detroit wins in 6 -- Boston wins at least 1 on the road with probability 35.906%2 * 61.850% * 38.150% * ( 6*64.094%*61.850% + 38.150%*35.906%) = 7.652%

                                  If Boston loses in 7 then they'll necessarilly have won at least 1 game on the road provided they don't split the first 6 games perfectly. So that's 11.689%-64.094%3*61.850%3*35.906%
                                  = 9.452%.

                                  So that would a total probability of Boston winning at least 1 on the road of 35.884% + 16.873% + 2.184% + 7.652% + 9.452% = 72.046%.

                                  Hence, by this analysis, "Boston wins at least 1 game on the road" at -190 would qualify as an excellent bet (edge of 9.966%, full-Kelly stake of 18.933%).

                                  Now admittedly this analysis is rather less than perfect, most notably because it assumes each team has a constant probability of winning at home and on the road. Nevertheless it does provide an objective and unemotional means of analyzing the value of this bet.

                                  What we can say is that if we took the underlying assumptions as granted (Boston a 64.094% probability of winning any given game at home, a 56.751% probability of winning the series, and Detroit a constant probability of winning any given game at home) then we could conclude that the bet provided tremendous value.
                                  Comment
                                  • flyingillini
                                    SBR Aristocracy
                                    • 12-06-06
                                    • 41219

                                    #18
                                    I think that is a bad bet.
                                    המוסד‎
                                    המוסד למודיעין ולתפקידים מיוחדים‎
                                    Comment
                                    • Ganchrow
                                      SBR Hall of Famer
                                      • 08-28-05
                                      • 5011

                                      #19
                                      Originally posted by flyingillini
                                      I think that is a bad bet.
                                      Out of curiosity, where do you feel my analysis breaks down?
                                      Comment
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