January 19, 2007
Mythical Picks - Weekend of 1/21/07
Last weekend was another good one for Mythical Picks. I made four picks in the playoff games and went 3-1 in those picks. That would have produced a Mythical Profit of $190. For the season, the cumulative record stands at 152-131-4 with a Mythical Profit of $1180.
Did you notice that each and every visiting team covered last weekend and two won outright?
I want to take this opportunity to preach a “mythical sermonette” here. For NFL games this season, I am theoretically ahead by $1180 and there are only three games left to play in the season. So, what’s the harm in doubling or tripling my normal wagers to try to make a killing for the year? Here’s the harm…
An overwhelmingly important ingredient in sports wagering is money management and the reason so many folks don’t succeed over the long run in this area is that money management – at its core – is self-discipline. I set the rules for Mythical Picks back in August/September; I said then that the rules were silly in that I would wager $110 on each game and that I would make a pick in every game. I fully expected to lose for the season given those restraints. But I did this for entertainment value and not as a betting service – and I think I’ve made that clear all during the season.
Therefore, even though this is fictional – or mythical – wagering, it would be a horrible example for me to “up the ante” at this point. If you are betting real money on NFL games – or college football games or basketball games or competitive eating events – you have to set limits on the amount of your wagers and the number of wagers you will make; then you have to stick to those limits. When you fall behind, it is wrong to play catch-up by upping the ante. When you are ahead, the best way to lose your advantage is to press your bets.
Let me relay a story about a visit to Las Vegas during the first weekend of March Madness about 8 years ago. The first day of college action was over and a friend and I were looking over the NBA games to see if there was a line that looked interesting. The Clippers where on the road against the Kings that night; at the time the Clippers were awful and the Kings were pretty good. Those two teams had played the night before in LA and the Kings had clobbered the Clips. The line on this game was Kings – 9 and it looked to me like a mortal lock for the Kings to cover. I convinced my friend of this wisdom and got in line to make a wager for both of us.
Behind me in a long line were four guys who were commiserating about how badly they had lost on the college games that day. They said they needed to find a bet to “get even” so they would have money to play tomorrow’s games. One of them noticed that the Clippers were +400 on the money-line that night and said they would need to bet on that proposition to get their money back. His three compatriots agreed and then they gathered up $800 amongst themselves to bet on the Clippers. That would “get them even” so they were probably down somewhere in the neighborhood of three-grand after the first day of the weekend.
After I made my wager, I stepped to the side and pretended to scan my ticket for errors because I didn’t believe they would go through with that wager. But they told the guy behind the counter they wanted #1234 on the money-line for $800. The guy taking the bets actually said to them, “Are you sure? You want the Clippers on the money-line for $800?” They said yes; he took the money and gave them the ticket.
With about 9 minutes to play in the 2nd quarter of that game, the Clips led the Kings 41-14. My friend said that we could kiss our wager good-bye; I told him to keep the faith because, after all, these were the Clippers. He was skeptical. On the other side of the room, the four “losers” were whooping it up and were already yelling about how they would be kicking ass and taking names tomorrow in each and every one of the wagering propositions.
At halftime, the score was Clippers 49 – Kings 42; in less than 10 minutes, the Kings had closed a 27-point gap to 7 points. The “get-even guys” were still boisterous; my friend was beginning to think we had a chance; I still had faith in the Clippers finding a way to get blown out.
By the time there were only five minutes to play in the game, the Kings led by 15 and were pulling away; they won the game by 21. We covered our modest bet; the four guys had left the sportsbook long before the final whistle. They hadn’t “gotten even”; they were now down approximately four-grand instead of three-grand.
The moral of the story is simple. A bad bet is a bad bet no matter if you are ahead or behind. Chasing after losses by taking long shots to win is not a sensible strategy. Money management is just as important as analysis and handicapping when you are doing sports wagering. So, I’m not doubling or tripling my wagers this weekend because that’s not a smart thing to do.
Now with that lesson in hand, let me be sure to remind you that no one should be stupid enough to take anything here as the basis for making a real wager involving actual money. If you do so, you may need a license to be so stupid; you should check with your local authorities on that.
General Comments:
I suspect that the suits at CBS – the network with the Super Bowl this year – are pulling for a Chicago/New England game. I believe that both Chicago and Boston are in the top five TV markets in the country and more TV sets in the city of the participating teams tend to produce higher ratings. This is not to minimize the ardor of the fans in New Orleans or Indy; it’s just that my guess is that neither of them is in the top 25 TV markets in the country.
From a personal perspective, all I really want to see a good game – translation a game where the outcome is still in doubt in the fourth quarter. But I must confess that I will not be rooting for the Saints to win this weekend. That is not because I have anything against the Saints or because I have any particular fondness for the Bears ever since the retirement of Walter Payton.
No, the reason I will hope for a Bears’ victory is because I know that two weeks of never-ending feelgood emoting about the resurrection of New Orleans after the horror of Katrina will be unbearable. There’ll even be a Weather Channel retrospective on the storm itself, I’m sure. I’ll tire of that nonsense after about the first three stories on it but it won’t go away. By the end of the first week, I’ll probably be in a state where I’d rather watch videotapes of The View and Cold Pizza over and over again for 48 straight hours instead of yet one more sob story about New Orleans. And you know, it’s gonna happen if the Saints win this weekend. The damned storyboards are already up and the camera crews are already assigned…
New Orleans at Chicago – 2.5 (43): If I counted correctly, the Saints have been the underdog in nine games this year and they’ve won seven of those nine games outright. If you believe in trends, you’d look no further than that and check out the money line odds on this game. I don’t think that’s the way to go. The story line here is “top offense against top defense.” The problem is that the Bears’ “top defense” is not what it was before injuries to DT, Tommie Harris, and SS, Mike Brown. Either Ian Scott or Alfonso Boone will have to play much better this weekend on the DL than they have or the Saints will establish the run and make life very difficult for the Bears. Chicago cannot win if they have to play catch-up or if they only have the ball for only 23-25 minutes of the game. On the other hand, if the Bears can play solid run defense and get the ball to the offense in advantageous time and distance situations, the Bears ought to be able to run on the Saints defense with its undersized linebackers. The Bears’ running game isn’t speed and finesse. People say Reggie Bush will be “the X-Factor” in this game. Maybe so. I think the other player who could be “the X-Factor” is Bears’ special teams’ phenom, Devin Hester. He could return a kick or a punt for a TD; he can also muff a couple of punts and give the ball away at just the wrong moment. Hester has six TDs on returns this year; he also muffed three punts last weekend. So if Hester is “the X-Factor”, I’m not sure who the beneficiary of his “X-factordom” might be on Sunday. The Saints put 27 points up on the Eagles last weekend; I think they can put up 20 or more this weekend. The question therefore is this: Can the Bears put up at least 24 points to cover here? Well to do that they’ll need a TD from the defense or special teams and some short fields to work with. I think they’ll get it; I’ll take the Bears and lay the points.
New England at Indy – 3.5 (47): Before everyone falls all over himself declaring that the Colts’ rushing defense has found itself and is now a force majeure, let’s do a bit of analysis here. I don’t have the top-level video for the last several Colts’ games that coaches do, but it is pretty clear to me that one of their “secrets” to stopping the run is to commit lots of bodies to the running area at or near the line of scrimmage; that leaves room to hit pass receivers. The last two opponents didn’t do that; Trent Green could not find water had he been on the deck of the Titanic two weeks ago; Steve McNair didn’t establish a running game he could fake off last week. In fact, the Ravens only ran the ball six times in the second half last week and they were not behind by double digits at any time in the game. I don’t understand why that happened, but it sure made the Colts’ run defense numbers look pretty gaudy. I don’t think that happens again this week against the Pats. Peyton Manning needs to win here to exorcise his worst playoff demons; Tony Dungy needs to win here to bring his career playoff record up to .500. Tom Brady and Bill Belichick need to win here because that’s what they expect to do in this situation. I think all the focus on the Colts’ newly emerged defense and the Pats’ historical defensive dominance of Peyton Manning is wrong. I think there will be points galore in this game; the loser might even score 30. So I want this game OVER. And because there’s more than a field goal’s worth of points here, I’ll also take the Pats with the points – but no parlay. Shop this line if you like Indy; it’s 3 in lots of places.
Good luck.
But don’t get me wrong, I love sports…