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Betting Baseball Totals -
Ted Sevransky May 2004
Baseball is a completely different type of sport to handicap
from the two most popular betting sports, football and
basketball. On the gridiron and the hardwood, teams are
separated by pointspreads, and wagers are placed either laying
the points with the favorite or taking the points with the
underdog. But betting baseball, there is no pointspread to
differentiate between the underdog and favorite. Instead,
baseball side wagers use a moneyline as a basis for determining
the relative value of the two teams pitted against each other.
Wagering on a favorite in baseball oftentimes requires the
bettor to lay a substantial price for his support. It’s not
uncommon for a favorite in baseball to be priced at -200, -250,
or even -300 and above, and the bettor must be right better than
75% of the time with his big three dollar favorites in order to
earn a profit, far greater than the 52.4% of the time that is
the break even point for standard 11:10 pointspread wagering.
Also, baseball underdogs win much less than half of the time, so
picking underdogs that are competitive, but not winning
outright, can leave a bettor with a bankroll spiraling in the
wrong direction.
In addition, baseball is the only betting sport in which the
line is completely and utterly affected by a single player
scheduled to be in the starting lineup. In basketball, the
Minnesota Timberwolves may be adjusted from a 7 point favorite
down to a 2 point favorite if league MVP Kevin Garnett is going
to miss the game due to an injury. A similar four or five
pointspread adjustment is normal for a key football injury as
well, such as if Donovan McNabb were to miss a game for the
Philadelphia Eagles. However, baseball prices are, in most
instances, very heavily weighted towards the starting pitcher.
The Yankees might be -200 against the Red Sox if Kevin Brown was
facing Bronson Arroyo, but the same two teams on the same field
with a pitching matchup of Pedro Martinez vs. Jose Contreras
would see Boston as the favorite, even if every other player was
unchanged. These types of dramatic price adjustments based on
the projected starters alone are unique to bases, making it a
significant challenge for any handicapper.
Betting totals in baseball is also a completely different
exercise than betting totals in basketball and football.
Basketball totals are set almost entirely in regard to the pace
that the two teams are projected to play at. If the Kings are
playing the Mavericks, two teams that love to run and gun, both
averaging well over 80 shots per game, the total will be set as
high as 220. When the Pistons play the Pacers, two teams that
rely almost exclusively on half court offense, both clubs with
consistently outstanding defensive efforts, the total will be as
low as 165. Yet, when all is said and done, the game will go
Over or Under the total based on two factors not related to pace
– shooting percentage and free throw attempts. If two low
scoring teams have good shooting days, the total is likely to go
Over. When the Kings and Mavs met in the first round of the 2004
NBA playoffs, neither team could shoot worth a lick in three of
the first four games, with each club hitting at 35% from the
floor or lower during that span. No surprise then that those
games went well Under the total, despite a high number of shots
taken. The way a game is officiated also has a huge impact on
basketball totals. On nights where the refs are willing to let
the two teams play physical basketball without blowing their
whistles, shooting percentages will be down because defenders
can maintain better position, and points scored without any time
coming off the clock (at the free throw line) will be minimized.
On the other hand, on the nights where every touch foul gets
whistled by the zebras, teams can easily score 30-40 points each
at the free throw line, with no time coming off the clock.
Defenders are then more likely to back off a bit for fear of
fouls giving their opponents easier looks at the basket, also
likely to result in more points being scored.
Football totals are tricky in their own way, for a different
group of reasons. Football totals are set based on the offensive
and defensive capabilities of the two teams. Betting football
totals is a very tricky animal, because yards don’t always equal
points. It’s not uncommon for a team to go on two long drives to
start out the game, gaining 150+ yards, but ending up with only
a field goal attempt or two. Similarly, a team can struggle to
move the football for most of the game, then make a big play or
two on offense, defense or special teams, and boom; 14 points
have been scored in a matter of seconds. Red zone execution
(touchdowns or field goals), turnovers (which end zone are they
near?), big plays or the lack thereof all affect football totals
going Under or Over as much or more than the offensive and
defensive capabilities of the two teams.
I’m not a big proponent of basketball and football totals,
because of the variables listed above. I certainly don’t exclude
them from my handicapping arsenal, as there are some situations
that stand out, opportunities simply too good to miss or ignore,
but baseball or basketball totals don’t make up more than 15-20%
of my wagers over the course of a season, some years less than
half that amount.
We have already established some of the reasons why baseball
side wagers are difficult for many bettors to beat. In order to
support one team’s potent offense, or their vastly superior
starting pitching, the bettor is forced to lay a high price that
requires him to be right as much as 75% of the time just to
break even. Likewise, bettors can be dismayed in a hurry when
their high priced stud starting pitcher gets pulled for a pinch
hitter in the sixth inning with the score tied, leaving a
bullpen that is far less reliable then the starter to earn the
victory.
That’s why in baseball, betting totals has been my bread and
butter over the past few years. Outlined below are the six
primary reasons why betting baseball totals can be an extremely
profitable endeavor, particularly in relation to betting
baseball sides.
1) You can be only half right and still win your bet.
This is the #1 reason why I like betting baseball totals. Let’s
say Randy Johnson of Arizona and Matt Morris of St Louis are
slated to face one another, with a total of 7.5 for the game.
With two of the top pitchers in the NL on the mound, it’s easy
to make a case for the Under. But even if one of the two
starters gets hit hard, a 6-1 final score going Under the total
is still well within the range of possibility. It’s a similar
story with poor pitchers. If the Pirates Josh Fogg matches up
against the Giants Brett Tomko, the total would probably be
around 9 or 9.5 considering that neither team is overly potent
at the plate this season. Both Over bettors can cash their
tickets even if Fogg pitches a rare gem, because Tomko could
still get rocked, and a 9-3 final is certainly not out of reach.
2) You don’t have to lay big prices to bet on or against any
pitcher.
The Rockies Scott Elarton has arguably been the worst starting
pitcher in the major leagues in 2004. The linesmakers aren’t
idiots by any stretch of the imagination, as Colorado was a
substantial underdog in seven of his first eight starts, so
betting against Elarton would require the side bettor to lay a
big price. But you didn’t have to lay more than -110 betting
Elarton Over the total in those eight starts, and you would have
cashed repeatedly by doing so. Similarly, the linesmakers
consistently install high prices on the favorite when the ‘A’
list starters take the hill. Why lay a big price to support
Carlos Zambrano of the Cubs or Roger Clemens of the Astros when
you can bet the Under at -110, assuming much less risk with the
same potential reward?
3) The linesmakers don’t have much wiggle room to adjust their
totals.
Baseball totals at every ballpark except for Coors Field range
between a low of 7 and a high of 11.5, with the occasional 6.5
or 12. Even when two hot hitting teams face off against two
mediocre starters, the total is not going to come 14. Similarly,
when two cold hitting teams face off against two dominant
starters, the total is not going to come 5. In other words, it’s
very difficult for the linesmakers to compensate enough within
the limited confines of the standard range of totals. The
linesmakers don’t hesitate to price a dominant favorite at -300,
but they don’t have that same ability to adjust when setting
baseball totals.
4) The linesmakers are not that confident in their numbers.
Each sportsbook sets limits on the amount that can be bet on any
particular wager. The casual bettor rarely runs into the
sportsbook limits, normally several thousand dollars or more on
side wagers in bases, football and hoops. But the bookmakers do
not set high limits like that for baseball totals, and many
sportsbooks are reluctant to take wagers above $500 or $1000.
Why not? Part of the reason stems from the issues noted above,
in #3. Part of the reason comes from the fact that the books get
very little ‘square’ money on MLB totals, meaning they’re up
against the wiseguy professional bettors, and you don’t remain a
professional bettor for very long unless you are beating the
bookmaker with relative consistency. That means that the books
don’t get balanced action on the majority of baseball totals
that they hang. But as much as anything, the low limits on
totals are for one reason alone – the linesmakers aren’t as
confident that their numbers are good enough to withstand high
stakes wagers from informed bettors.
5) Streaks don’t get noticed by the public or the linesmakers.
When any baseball team wins eight straight games, they’ll be
catapulted to the lead story on ESPN, and noted by bettors and
linesmakers rather quickly. The hot team might have been priced
as a -140 favorite in their first game of the streak, but with
the same two pitchers on the mound following eight straight
wins, the hot team would be much closer to being a -200
favorite, because of the added public money backing that club.
But the general public doesn’t notice Over/Under streaks, nor do
the national media. St Louis opened the season with eight
consecutive Overs; the Expos have gone Under the total in 27 of
their 38 games this season. These type of streaks tend to feed
upon themselves, extending onwards indefinitely. In 2003, the
Dodgers went Under the total 99 times, but Over only 53 times.
The Red Sox, on the other hand, went Over the total 95 times
while going Under the total only 63 times. I know a handicapper
who took a three week vacation last summer, betting just the
Dodgers Under and Red Sox Over every game while he was gone. By
the time he returned to his daily ‘capping, he was up more than
15 units, just riding the streaking teams again and again, and
this makes perfect sense. Teams who are struggling at the plate
tend to press, lose confidence, and get out of their normal
rhythm. Teams that are hitting well gain confidence, are more
selective with their swinging, and generally have better at
bats. Likewise, teams that are getting good starting pitching
don’t overuse their bullpens, leaving the pens much fresher and
better than the teams that are getting lousy starting pitching,
who are forced to rely on overused and tired bullpens. A run of
Unders produces more Unders; a run of Overs produces more Overs,
and the linesmakers simply can’t adjust.
6) Home plate umpires have Over/Under tendencies as much as
teams do.
In basketball and football information about the referees is
difficult to obtain. There is no one single ref who has more
influence that the others, and finding out which refs are slated
to officiate which games is not always easy information to
obtain. In baseball, the home plate ump has a huge impact on the
game, more so than any other referee in any major sport, and
home plate umpires are no secret. You can easily find out which
ump is slated to be behind the plate for any given game. There’s
no question that different umpires have different strike zones.
Umps that have a slightly wider strike zone allow the pitchers
to get ahead in the count more often, while umps with a tighter
strike zone force pitchers behind in the count on a consistent
basis. Pitchers get rattled when close calls at the plate don’t
go their way, while they gain confidence when they are getting
those close calls. John Hirschbeck is a well known Under type
umpire, with a relatively wide strike zone that frustrates
batters and rewards pitchers. Hirschbeck recently had a two year
run in which Unders cashed in 41 of the 63 games that he called.
Mike Reilly, on the other hand, has a smaller strike zone,
resulting in a 40-24 mark to the Over when he was behind the
plate over a two year span.
It’s not that baseball sides can’t be beat, or that football and
basketball totals are unbeatable. But for the reasons outlines
above, baseball totals can be a consistent and profitable part
of any handicapper’s arsenal, worth examining closely on a daily
basis throughout the baseball season. In 2003, I had profitable
results with my baseball total wagers for six consecutive months
to close out the season. After a slow start in 2004, May has
proven highly profitable with the totals as well. I expect this
type of steady success to continue, making the case that
baseball totals are something any astute ‘capper should take
advantage of.
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Ted's
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