Tag: Football

Betting on Obscure Sports

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I’ve said multiple times that the depths to which sportsbooks scraped the bottom of the barrel in the spring of 2020 was darkly amusing and inspiring at the same time. The thing is, they were doing this before the crunch. And after. Maybe not to the extent of splashing Taiwanese women’s basketball on their front pages, but you still could and can find really weird sports. And the use of obscure sports is a glaring weak point for integrity.

So who actually bets on the Laotian 2nd Floorball League?

Well, from what I’ve gathered, there’s three main categories of bettors. Only one of these is beneficial to the sportsbook, and is probably the reason they keep doing it. None are what would be considered beneficial to society or even the sports betting ecosystem as a whole.

Degenerates

The most innocent group of people to bet on obscure markets consistently (as opposed to the occasional novelty bet that no one expects anything out of) are “degenerates”, the same gambling addicts who will just bet on whatever’s in front of their faces. If it’s the middle of the night and some soccer league halfway around the world is what’s on the screen, they’ll bet it. Everything from table tennis to bizarre half-rink hockey to totally legitimate Indian cricket. This was in fact the reason for those Eastern European ping pong leagues running around the clock and existing at all-it was to ensure that there was something on screen at all times, purely for the purposes of gambling.

Something that greases the skids for a huge and inevitable problem with gambling doesn’t seem like the best thing. But it’s sweet and virtuous compared to the other two.

Line Munchkins

Many of the sharp/plus EV [Expected value] bettors are these, pouncing on whatever mismatch they get. They have little to no handicapping or serious modeling ability (the stereotype is that they’re green lumberjacks who don’t even know the players). After all, obscure sports are the most vulnerable to bad/slow lines. Which of course leads to the cycle of them getting restricted/banned after the book finds out.

I find neither the sportsbooks themselves who blast ads about the road to riches yet restrict successful bettors nor the line munchkins (coming from a tabletop RPG term for players who crudely optimize for maximum power) who act like martyrs to genius instead of people who gamed the system to be very sympathetic. So something that amplifies this sludgy mess does not seem desirable.

Crooks

The smallest, weakest, and most obscure sports are the most vulnerable to manipulation and fixes. So naturally either fixers or people aware of the fix will flock to bet on these crooked games. I don’t think I need to really explain why this is a bad thing.

What Next?

On one hand, the sportsbooks can simply not list the Guinea-Bissau Ferret Legging Third Division, the regulators can forbid it, and the data providers (the biggest, most important, and least visible part of the whole ecosystem), can not provide information about them. On the other, it only takes one offshore data provider and an offshore book wanting to fill that niche to break the restrictions.

So yes, like a lot of sports betting issues, this is not completely solvable. I do think that forbidding bets on the lowest hanging fruit-minor league baseball and tennis or low-division college basketball to use an American example, would still be a wise and prudent thing to do.

A Thousand Words: Electric Football

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Electric Football

As Christmas approaches, it’s important to acknowledge a rite of passage every American child has faced. Getting an electric football set and only using it once. I remember getting an electric football set, thinking the players were actually programmable (ha!), watching them shake downfield once after turning the game on, and never touching it again.

The creation of Norman Sas and Tudor Games shortly after WWII, electric football involves a vibrating board to move its players. When the NFL expanded massively in popularity, electric football gained the official license, becoming the Madden of its day. If Madden was programmed in two days by people who couldn’t make the cut at Game Freak or Bethesda.

Now electric football is both technically improved and far less popular because, you know, video games exist. But it was and still is a thing.

College Coaches Fail In The Pros

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College football coaches have a track record of failing in the NFL, with Urban Meyer being the most recent predictable casualty. The interesting question is “why”? The most stated answer is simple: Because the player-coach power dynamics are completely different.

In college, the coach is the centerpiece of the team, his players are short-term by the very nature of college, and he’s the one who gets the megadeal. In the pros, the players are the centerpiece of the team, most coaches are expendable and expected to be tossed aside at the slightest failure, and the players know it. Free agency and bigger player contracts have not exactly swung things in favor of the coaches, but as the tale of Lou Holtz and the Jets shows, the same dynamic existed long before 1993.

The other issue is that the gap between the best and worst pro players is a lot smaller than the gap between the best and worst Division 1 college players. There’s no “coasting through a week against the paid tomato can”, as the point spreads show. The biggest NFL point spread of all time was only 28 points for the Broncos against the Jaguars in 2013, and it was not covered by the favorite. Meanwhile seemingly every Week 1 (and many subsequent ones) power program game is so lopsided that most sportsbooks don’t even bother with moneyline (straight win-loss) options at all.

Review: Pros and Cons

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Pros and Cons: The Criminals Who Play in the NFL

Jeff Benedict and Don Yaeger’s Pros and Cons is a 1999 book about the massive instances of NFL players who had criminal records. These players were not just chosen in the draft in spite of their criminal backgrounds, but were often shielded by their teams to great extents. So far, that does not sound surprising, being just a few years removed from the OJ Simpson trial. But they deliberately avoid talking about the obvious “superstar power” and instead focus near-entirely on how the teams twist to protect criminal players who are not stars by any definition of the term.

It’s well-researched and has many harrowing examples. But it comes across as flawed for two big reasons. The first is that it ultimately feels sensationalist for the sake of sensationalism. This is of course a massive inherent issue for true crime books like it. But it seems to go further in that it assumes its readers are holding to a hopelessly outdated “Gee whiz, look at that Mickey Mantle, so nice and clean” mindset that I can assure you was not present even in children at the time of the book’s release (I know this because I was one at the time. I can tell you that I knew more about Dennis Rodman’s off-court antics than about what made him good on it).

Which leads to the second not-its-fault problem. This is like a book on unrestrained warfare-released in 1913. The internet was a paradigm shift in how these inevitable incidents were processed and viewed, and arriving just before it really broke out massively makes it horrendously dated.

I can’t really recommend this book. It’s a dated true crime book that’s basically redundant by this point.

Frankfurt Football

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I have a crazy alternate history idea to spread American Football. So,the NFL’s desire to expand outside of its comfort zone has been mixed. But still, this alternate history enables the powers of the other kind of football to cash in. Many if not most European clubs best known for their soccer teams are in fact multi-sports, all under one umbrella. So for the sake of local laws and convenience, they’re technically the American Football branch of the club. Even if everyone but the kicker is an imported player from the states.

Frankfurt, being in the American military sector in the Cold War, has some of the most exposure to American popular culture. Therefore, its dominant team, Eintracht Frankfurt, gets an American football franchise. Of course, one quirk of the German 50+1 structure that ensures (nominal) control over a club by its members means that it and other German entries to the NFL would theoretically have a similar organization as the Green Bay Packers.

Silly? But that’s what AH is for. And besides, their team emblem looks like it’d fit perfectly on an American football helmet.

The Asian Sportsbook

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Finally got the chance to hear about the peculiarities of Asian sportsbooks in an old podcast by betting hand Matthew Trenhaile. Of course it comes a year after I wrote an Asian megabook as if it was a western-facing post-up (you deposit money in the book instead of operating on credit) one in The Sure Bet King. Anyway, the entire segment is great and I recommend you listen to it.

Asian sportsbooks have had (note the past tense) a reputation for being “sharp”, ie taking bets unquestioned with huge limits. But as the podcast notes, it’s wrong to compare them to the western-facing “sharp books” (Circa Sports / Pinnacle /BetCRIS). The short version for their “balancing act” is simple:

  • A complex “agent system” that evolved from technological constraints and also legal ones.
  • More importantly,a gargantuan pool of recreational money (at least in soccer) and the ability to, for lack of a better word, “dilute” the sharp money across it.

The podcast, recorded in 2018, mentioned this system declining already. Limits were being noticeably reduced, especially for lower-tier leagues. The wider adoption of the internet makes the tangled agent pyramid less and less necessary. Since then, everything I’ve seen has indicated this trend becoming more pronounced.

It’s a fascinating look at an extremely important but murky even by sports betting standards component.

Prop Betting

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One of the most revolutionary changes in sports betting in recent years has been the rise of player props (ie, will this player score? How much of Stat X will this player accomplish in the game? Will the final score be odd or even?) Veteran gambling reporter David Purdum talks about this paradigm shift in an ESPN column. Props began in popular culture as those goofy things they did in the Super Bowl, but have now risen up massively, displacing the old spreads, totals, and moneylines.

Although Purdum’s column talks about the NFL, props are something that can (and have) been done in any sport with a relevant stat. Looking at the upcoming English Premier League matches, I’m seeing between 400 and 550 props on each game. (There are already over 200 props at some books for NFL Week 1 games a month off from the writing of this post). I saw an array of props for an upcoming cricket match. During the dark sports days of Spring 2020, I was both bemused and a little impressed by seeing giant prop menus for Belarusian soccer matches.

Of course props have a downside too from a business perspective, and that’s that they amplify the sharp-soft clash greatly. Traditionally, the few sharp books have had fewer and tamer prop markets than the much larger number of soft ones. It’ll be interesting to see to what extent the player/team prop markets can be “sharpened” the way the main lines have been.

But as of now, it’s a very reasonable question to ask “how can you ensure a house edge on hundreds and hundreds of different markets [things to bet on]?” And the answer is often “you really can’t.” The approaches are frequently blunt: Low limits, high house shares compared to lines, and restricting/limiting people who consistently win.

Still, for better or worse, giant prop bet menus are here to stay and dominate.

From Single To Multi-Talented Athletes

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Most athletes are single-focused. When they try to do more advanced sports than what they’re used to, it often doesn’t work. See Herb “I can run fast” Washington. Likewise, when multi-talents go against specialists, unless the physical difference is vast, they can’t compete. But there’s a few who’ve gone the distance. Take Bob Hayes, gold medal sprinter, Super Bowl champion and Pro Football Hall of Famer. Or Mariusz Pudzianowski , a Polish weightlifter and strongman-who became a champion mixed martial artist.

This is of course not true for everyone. Most sprinters couldn’t be wide receivers. Most weightlifters couldn’t handle actual fighting. But there are always outliers like those two. There’s also an interesting number of legendary hockey/soccer crossover players like Lev Yashin (hockey, famous in soccer) and Vsevolod Bobrov (soccer, famous in hockey)

What would be interesting would be multi-sport stars who aren’t physical outliers with an obvious advantage (ie Bo Jackson) or people who can take advantage of playing in a similar sport (some Caribbean baseball players who also played cricket growing up).

Review: The Thousand Dollar Touchdown

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The Thousand Dollar Touchdown

Time to review another thriller with a main character that has a perfect thriller name: Colt Ryder. When I saw that the premise of The Thousand Dollar Touchdown involved sports and gambling, I knew I had to read it. Ryder, the wandering “thousand dollar man”, helps people for that amount. He also kills people in the process. This time his client is the wife of an NFL quarterback. Her brother-in law has died suspiciously, and she thinks he’s been throwing games.

This is very much a 51% book. None of the elements are really that bad, and it’s short and breezy. But it falls short of being genuinely good. A bit of this is the premise: Someone who’s studied the actual way that the sports leagues have been two-faced behind sports betting, the actual composition of their management, and the actual composition of the gambling underworld will notice the oversimplifications and inaccuracies. But since cheap thrillers do not have to be accurate per se, I can wave that off.

A bigger problem is the style. It’s written in this first-person classic hardboiled type that I don’t care the most for, and that style is not the best suited for an action-packed climax where the main character performs ridiculous feats. There’s also a bit of tonal clash. The main character’s approach involves Jack Bauer-ing his way to information by beating people up until they talk, but he’s kept alive in a Dr. Evil Deathtrap after being captured because of plot.

This is a 51% book, but it’s a more interesting to review “mean 51%” than a flat “median 51%”.