September 28, 2007
Adjusted bookie standings
I like "bookie" predictions due to the fact that they are backed by cash instead of just hot air. That being said, even bookie predictions have systemic problems or even systemic biases. Some can be fixed others cannot. Certain teams attract money from betters and other simply cannot. Due to the fact that very few people cheer for Nashville it may in fact suffer some devaluation.
However, some predictions are just stupid. For example, the Atlantic division last season was a joke, not only was Philadelphia the worst team by a far margin. Overall the division was below average or average. This season Pittsburgh doesn't get to play Philadelphia 8 times to stack their stats as Philadelphia will quite possibly make the playoffs. The bookies from the above prediction state that the Atlantic division will go from below average to the best division by a large margin in a matter of one season.
So, what I did is I adjusted the bookie's standings so that all the divisions performed the same this season as last season.
When I look at those standings I have a hard time finding fault with anything on there [except the four Northwestern team's making the playoff and only one central team and all four Northeastern teams making it].
I find it interesting either way...