The BLE of Sports Betting
posted by Dave Hoffman
I know that we’re engaged in talking about serious subjects, but this Bill Simmon’s column really is a great read. Bill makes the following claim, which I pass along without evaluating whether it is, well, true. This year, against the Las Vegas NFL line, underdogs have gone 137-97-6 for the season. Bill continues:
“Out of those 136 underdogs that covered, an astonishing 100 won their games outright (including 11 of 13 last week). I can’t even rationally discuss this anymore.”
Honestly, I don’t get it either. Are the folks in Vegas taking their eyes off of the ball, perhaps due to personal problems? Or has the NFL’s crazy economic scheme, resulting in parity of a sort, made betting on games really a matter of chance? (Simmons blames an unexpected triumph of common sense, but, really, would common sense have predicted the Eagles’ win over the Cowboys last week?)
And now, back to real legal topics. And grading.