February 21, 2007

Betting Rankings

NnameBET
1BUF59.2%
2OTT57.4%
3N.J55.8%
4ATL54.5%
5T.B52.9%
6CAR52.4%
7MTL52.2%
8PIT51.0%
9NYR50.2%
10TOR50.0%
11WSH48.9%
12NYI46.4%
13BOS45.9%
14FLA44.6%
15PHI39.8%
NnameBET
1DET60.3%
2ANA59.1%
3NSH58.5%
4S.J58.0%
5DAL55.4%
6VAN55.2%
7CGY54.9%
8COL52.2%
9MIN51.7%
10EDM50.3%
11PHX45.7%
12STL43.4%
13CHI42.9%
14CBJ42.1%
15L.A41.8%

Now these change a lot quicker than normal standings would. These come from BCLC - Oddset ratings and should be dated Saturday February 17, 2007. So they're already a little outdated. I did a regression and got a score for each team that's accurate by about 1%, based on the estimated winning percentage that would maximize BCLC revenue. It's not very often you see a regression as good as this one, although there were only about 40 degrees of freedom (30 variables to solve for). I'll see how this develops over time, but some people may find it interesting. If the ratings are off your expected percentages there is a chance you could make money betting on that team (expect Boston to make the playoffs, expect NYI to make playoffs). These are probably reasonably similar to other betting outlets, but I can't speak for them, it's enough work inputing information from one source. As an aside Oddset provides horrible return on bets I've basically determined it's impossible to consistently make money (your expected result has to differ by about 10% of their expectation - so if they say 50% you need to be confident it'll be 60% to make money).

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