Batter's Box Roundtable - Beating the House

Thursday, March 03 2005 @ 12:44 PM EST

Contributed by: Pepper Moffatt

Spring training is the time of year where you hear a ton of projections on what will happen in the upcoming season. Will Bonds hit 50 home runs? Can the Red Sox repeat? Is this the year the Braves won't win the NL East? These projections are all over the place: In fantasy baseball magazines, websites such as ESPN.com and Baseball Prospectus, and newspapers such as USA Today. Often the most accurate predictions come from gambling lines. We look at over/under lines for 2005 team wins and discuss which teams we think Vegas is overrating, and which teams aren't getting enough credit from the gambling community.

I took the over/under lines from one of the major off-shore gambling houses. Pistol and I have noticed that the over/under lines are slightly different from establishment to establishment, so if you're considering making a "real" wager, it's best to shop around and find the most favourable line.

I asked the Batter's Box roster to pick four "OVER" teams - teams which the market is undervaluing, and four "UNDER" teams - teams that will likely fall short of the market's expectations. Craig B made the excellent observation that the market predicts the average team will win just under 82 games, where in reality an average team wins 80.7 games in a season (since not every team will play a full 162 games due to rainouts, etc.) This is because fans often overestimate the chances of their favourite teams and bet OVER on them, thus raising their lines. Not surprisingly, we all pick the Jays to finish OVER. A hometown bias or are the Jays really under valued? We'll let you decide.

We'll look at the predicted win totals division-by-division, starting with the AL East, which the markets predict will be the strongest division in baseball:

AL East

1. Yankees	- 102
2. Red Sox	-  96
3. Orioles	-  70.5
4. Devil Rays   -  70.5
5. Blue Jays	-  69.5
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AVERAGE TEAM	-  83.7
Not surprisingly, the Batter's Box roster thinks the Yankees are overvalued and the Jays undervalued.




NEW YORK YANKEES


BOSTON RED SOX
BALTIMORE ORIOLES
TAMPA BAY DEVIL RAYS
TORONTO BLUE JAYS


Overall, the market believes the AL Central will rival the NL West as the weakest division in baseball. The Twins look to be the class of the division, with the Indians, White Sox, and Tigers fighting for second place.

AL Central

1. Twins	-  90
2. Indians	-  83.5
3. White Sox	-  82
4. Tigers       -  78.5
5. Royals	-  64
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AVERAGE TEAM	-  79.6

We had absolutely nothing to say about Kansas City, so you can infer from that we think they're really as bad as the market thinks. We don't think any of these projections are way off. We're particularly divided about how the Tigers will perform next season.




MINNESOTA TWINS
CLEVELAND INDIANS
CHICAGO WHITE SOX
DETROIT TIGERS


The Angels look to be the class of the division, according to the market. The three other teams in the AL West appear to be interchangable, though the division as a whole projects to be one of the strongest in baseball.

AL West

1. Angels	-  92.5
2. Rangers	-  81
3. A's   	-  79
3. Mariners     -  79
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AVERAGE TEAM	-  82.9

We really like the Rangers and A's to beat their projections, while we believe the Mariners have not improved as much as the market thinks.




TEXAS RANGERS
OAKLAND A's
SEATTLE MARINERS


The NL East should be one of the stronger divisions in baseball next season and may end up being the one with the best pennant race as the top 4 teams have projected win totals less than 7 wins apart. Like the Royals, the Nationals appear to have little hope of finishing out of the basement.

NL East

1. Braves	-  89.5
2. Marlins	-  86
3. Mets 	-  85.5
4. Phillies     -  83
5. Nationals	-  69
-----------------------
AVERAGE TEAM	-  82.6

We like the Nationals even less than the market does. Is it because a number of us are disgruntled former Expos fans, or are they really that bad?




ATLANTA BRAVES
NEW YORK METS
PHILADELPHIA PHILLIES
WASHINGTON NATIONALS


The predictions for the NL Central are stratified: No two teams are projected to be three or less games apart. The Cardinals look to win the division, but the Cubs will be in the hunt for the division title and the wild card.

NL Central

1. Cardinals	-  92.5
2. Cubs 	-  89
3. Astros	-  84
4. Reds         -  78
5. Pirates	-  73.5
6. Brewers	-  69
-----------------------
AVERAGE TEAM	-  81.0
We believe that the Cubs are highly overrated. We're split about the other 5 teams in the division, except for the Brewers, who appear to be better than their projected 69 wins.




ST. LOUIS CARDINALS
CHICAGO CUBS
HOUSTON ASTROS
CINCINNATI REDS
PITTSBURGH PIRATES
MILWAUKEE BREWERS


The market does not believe the Dodgers can make the playoffs again, as their projection puts them solidly in third place. The Giants look to win the division, though the market believes the Padres will give them a run for their money.

NL West

1. Giants	-  88
2. Padres	-  86.5
3. Dodgers	-  83.5
4. D-Backs      -  73.5
5. Rockies      -  67.5
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AVERAGE TEAM	-  79.8

For the most part we believe that the projection for the Giants is overly optimistic, while the Dodgers look to be better than the 83.5 wins they're projected for. We can't make our minds up about the Rockies.




SAN FRANCISCO GIANTS
SAN DIEGO PADRES
LOS ANGELES DODGERS
ARIZONA DIAMONDBACKS
COLORADO ROCKIES


Those are our picks. How about yours? What teams do you believe will outperform their projections (OVERS) and which teams do you think the market is overly optimistic about (UNDERS)?

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