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07/15/2010 - Philadelphia, PA (Sportsbook Betting Lines) - The British Open returned to the Old Course at St. Andrews this week for the 28th time. No course has hosted more Open Championships.
In keeping with the vintage of the historic venue, the story of the last two British Opens was a 50-something making a memorable run at the title. In 2008, 53-year-old Greg Norman was the third-round leader and clung to the lead on the 10th tee of the final round before falling apart on the back nine.
Last year, 59-year-old Tom Watson birdied the 71st hole to take the lead. He was looking to become the oldest major champion ever, and he would have tied the record for most wins at the British Open.
Watson bogeyed the 72nd hole, then lost to Stewart Cink in the playoff.
Whose turn is it this year? There are six names that come to mind, though only one of them has won the Open Championship on the Old Course at St. Andrews.
The six that could make a run this week are Mark Calcavecchia, Nick Faldo, Sandy Lyle, Tom Lehman, Mark O'Meara and Loren Roberts. The first five are former Open champions, while Roberts is the reigning Senior British Open champ.
Here's a breakdown of the six, and we'll tell you at the end which member of the group we think has the best chance to position himself for a title this week.
- Calcavecchia won the '89 British at Royal Troon. Prior to turning 50 in June, he missed two of his last four cuts on the PGA Tour. Since joining the Champions Tour, he has shared sixth and 16th in his two starts. Look for him to make plenty of noise on the Champions Tour, but not much this week.
- Faldo won the Open at St. Andrews in 1990, but has played just once all season. At the BMW International three weeks ago, Faldo missed the cut by nine strokes in his first start since the '09 Senior British Open. It is unlikely you'll be there down the stretch, so enjoy your birthday on Sunday, Sir Nick.
- Lyle, who won the '85 British at Royal St. George's, has been a non-factor in his last three starts on the Champions Tour. The two-time major champion missed the cut at the Senior PGA Championship, but has a pair of top-12 finishes in his last two European Senior Tour events. That's all well and good, but Lyle not's the choice here.
- At Royal Lytham & St. Annes in 1996, Lehman claimed his lone major championship. He won the Senior PGA back in May and shared 41st at the Memorial before missing the cut at the U.S. Open. He would be a good choice, for next weekend's Senior British Open.
- That leaves us with Roberts and O'Meara. Roberts would be a great choice since he has gone third-first-fifth in his last three Champions Tour starts. However, the choice here is O'Meara.
The 53-year-old teamed with Nick Price to win the Liberty Mutual Legends of Golf on the Champions Tour in April. That came after a runner-up finish in the rain-shortened Outback Steakhouse Pro-Am.
In his last three starts, his only top-20 was a fourth-place finish at the Senior PGA Championship. O'Meara, who won the '98 Open Championship at Birkdale, has only broken par in six of his last 10 years.
I didn't say I was picking the hottest player among the group, just the one I think has the best chance at making an unlikely run at winning the season's third major.
Keep an eye on O'Meara.
THE UNWANTED TITLE DEFENSE
Most, if not all golfers, will tell you explicitly that one of their top goals is to win a major championship. Only a select few are able to accomplish that feat.
John Rollins will not be among those players this week, though he will be attempting to defend a title at a PGA-sanctioned tournament, the Reno-Tahoe Open.
The British Open is technically a European Tour event, and for those who were unable to qualify to play at St. Andrews, the PGA Tour offers Reno-Tahoe Open. Winning the Reno-Tahoe Open counts as official victory on the PGA Tour, but does not automatically qualify a player for the four major championships.
Rollins, therefore, has the somewhat thankless task of defending his title this week in Reno. His victory last year came when the event was played opposite the World Golf Championships - Bridgestone Invitational.
Rollins, ranked 116th in the world, is the fourth-highest player in the field in Reno. Chad Campbell is the highest-ranked, at No. 93.
With 85 of top 100 in the world playing at the British, Rollins has to contend with only two players that have won on the PGA Tour this year and two former major champions in his quest to repeat as the Reno-Tahoe champion.
If Rollins does repeat, he would join Vaughn Taylor as the only two players that have repeated in Tahoe.
MINI-TIDBITS
- Tiger Woods is using a new ball and a new putter this week at the British Open. Will either matter? Probably not, but I still think he finishes in the top-five, at worst.
- Meg Mallon announced her retirement from competitive golf last week. The 17- time winner's move is a big loss for the LPGA Tour, even though she has missed the cut in all seven starts this year.
- Lonnie Nielsen will be out of action for the remainder of the Champions Tour schedule as he is set to undergo knee surgery on July 21. Nielsen said his right knee has troubled him since he was in college, when he injured it playing basketball.
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Open te
The most popular sports to bet on are NFL and college football along with NBA and NCAA basketball. There are multiple betting opportunities within those sports, beginning with the basic wager on a game’s outcome (also called betting the side). College Football Point spreads are used in both football and basketball in an attempt to even the attractiveness of each team in a match-up. ( See our article detailing how and why point spreads are made)
But you could also simply bet on the money line, or straight-up winner of the game. Oddsmakers use the money line so that more money must be risked on the favorite or expected winner and less money on the underdog to balance the action on both sides. While money line gambling is an attractive option for football and basketball bettors who only care about picking a winner, it is the primary option for those bettors who enjoy wagering on MLB baseball and individual sports like boxing, tennis, golf and racing events such as NASCAR. ( More details on playing the Money Line)
Another bet across all major team sports including football, basketball, baseball, and hockey involves wagering on the amount of scoring in a game, called an Over/Under total. For example, the Over/Under total on Super Bowl XXXIX was 48, which means a bettor could wager whether there would be more or less than 48 points scored by both teams combined in the game.
The final score of Super Bowl XXXIX was 24-21; the scoring of both teams added up to 45, which means the game went Under . So Under bettors won, and Over bettors lost.
Sports gambling doesn’t end there. Betting sides and totals are the most common wagers available everywhere, but many sportsbooks also offer future bets on big upcoming events like who will win next year’s Super Bowl and what movie will win Best Picture at the Academy Awards.
The main advantage of futures is that you can get appealing odds by betting far in advance. For example, with NFL futures you often can get much higher odds on a team by betting before the season even starts. A NFL future bet on a team to win the Super Bowl odds might be 20/1 in the preseason; but by midseason, their odds might decrease to 10/1 if they turn out to be legitimate championship contenders.
Involves one individual wager, whether it be on your team to cover the point spread, to win the game straight-up on the money line, or to go over/under the total.
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There is little doubt that the NFL is where the sportsbooks see the most action and also make the most loot. The NFL possesses betting friendly attributes that are unlike any of the other major sports. First off, there are relatively few teams to keep track of in comparison to college football betting or college basketball. And second, these teams play only once a week which makes staying on top of the results much easier than it is in the daily leagues such as the NBA, NHL, and MLB.
These dynamics, along with the sheer excitement of watching and wagering on football, brings more square action to the table than any of the other sports. Almost every Tom, Dick and Harry in America is an NFL expert in their own mind and that is precisely what the oddsmakers prey upon.
Understanding who bets the games is just as important as understanding which teams are playing the games. The market at times will dictate price, which in the betting world means the oddsmakers cater to the public rather than reality.
Knowing the market inside and out is the basis of our NFL handicapping model. That is, our approach to NFL handicapping is of the contrarian or value seeking variety. We will at times place a higher premium on public sentiment than on the fundamentals. This strategy dictates playing dogs and/or lesser competent teams, or teams the public wants nothing to do with. Or better yet, fading the teams the oddsmakers want you to bet on.
Along these same lines, we carry a similar notion that the first week of the NFL season presents one of the ripest opportunities for the astute gambler. This conflicts with conventional wisdom and/or handicapping lore, as most would say it is better to watch a few games and assess each team before jumping in with both feet. That’s all fine and dandy, but there are some interesting trends to exploit in Week 1 and we’d be remiss to ignore them. Let us quickly explain.
Gone are the days of dynasties, where the same core players stay intact and dominate the league year after year. Free agency and player movements can completely transform teams from one season to the next. In today’s parity-driven NFL, poor teams typically don’t stay poor for all that long and excellent teams must constantly reinvent themselves to stay on top.
The temptation might be to assume prior year results are the best indicator of who is going to cover in Week 1. To Joe Public, playoff teams from the prior season, home teams, favorites, and so one, look even more enticing than usual since there is no current season performance to judge them against. But the question begs: are the oddsmakers setting a trap?
To find the answer, we culled five years worth of Week 1 NFL data. As always, all of our analysis is done from an ATS perspective. The purpose here is to share the most important angles we unearthed and try to explain the logic behind them. So strap on your helmet, throw on your shoulder pads, and follow our lead as we expose some rare holes in the oddsmakers’ line of defense.
Home vs. Away Teams
Over the past five seasons, NFL home teams in Week 1 are just 31-42-7 ATS (42 percent). This of course implies that roadies are a 58 percent winning proposition during this time. The public at large has a tendency to overvalue home teams and this is especially true in Week 1 when there is no current season data to make predictions from. Consequently, the oddsmakers almost surely shade the home teams, by and large making road teams the choice for the value player.
Conclusion: Look long and hard at road teams first when handicapping the opening week.
Price ranges
Favorites are just 31-42-7 ATS (42 percent) in the opening week over the past five NFL seasons (Coincidentally, home teams hold the same ATS record as noted above). This means that underdogs bark at a 58 percent clip. Mid-range favorites performed the worst among our specified price ranges. In particular, favorites priced between –3 1/2 and –6 1/2 are only 8-15 ATS (35 percent) during this time.
The same basic pattern holds true when looking at home favorites (road favorites gravitate towards a 50 percent mean). Home favorites indeed are just 21-32-3 ATS (40 percent) in the first week of NFL action since 1999. Again, mid-range favorites are similarly the poorest performers when we look at home teams. Consider that home teams priced between –3 1/2 and –6 1/2 have stumbled to a 6-13 ATS (32 percent) mark in Week 1 games the past five seasons.
Conclusion: Like home teams, favorites and particularly mid-range favorites are generally overvalued in Week 1.
Playoff teams
It might surprise you to learn that playoff teams from the prior year versus non-playoff teams from the prior year are a mere 16-23-3 (41 percent) ATS in NFL Week 1 games over the past five seasons. Home teams which made the playoffs versus teams which did not make the playoffs from the prior season drop to a meager 7-14-1 ATS (33 percent) during this time.
Why are playoff teams, and in particular those at home, such bad bets the past five openers? Just as the case with home teams and with favorites, oddsmakers intentionally overprice playoff teams in the opening week to compensate for the public’s propensity to over bet them.
This theory holds true just looking at straight-up records from the past season as well. That is, home teams with winning records from the prior season vs. road teams with losing records from the prior season are just 8-13 ATS in Week 1 NFL games since 1999.
Conclusion: Playoff teams from the prior year and in particular, home playoff teams, are overvalued in Week 1 NFL games.
Scoring defense and scoring offense
Do good defenses and for that matter good offenses from the prior season fare better against the number the following year in Week 1 games? Well, sort of. Generally speaking, teams with a solid offense or defense from the prior season tend to do well in the opening week so long as they are on the road. As a host, however, the best offenses and best defenses from the prior year tend to be overvalued in Week 1.
Consider that the top five scoring defenses (i.e. points allowed) from the prior season are a nice 8-4 ATS (66 percent) on the road in NFL openers the past five seasons. Meanwhile, the top five scoring defenses from the prior season are just 3-8-2 ATS (27 percent) as a host in Week 1 during the same time period.
There is no discernable advantage or disadvantage for teams with a top five scoring offense (i.e. points scored) in Week 1 games. However, when we look at scoring offenses from the bottom up (isolating the five worst offenses from the prior season), the results are rather interesting. In particular, teams ranked in the bottom five in scoring offense from the prior season are 9-4-1 ATS (69 percent) when on the road in Week 1.
The logic is simply that the public perception is a poor scoring offensive unit from the year prior will have little chance of winning on the road in Week 1. In turn, the oddsmakers compensate for this perception and these poor offensive teams from the year prior carry extra line value on the Week 1 trail.
Conclusion: Teams with top-ranked defenses from the previous season are good bets when playing on the road, but poor bets when playing at home. Also, teams ranked among the bottom five in scoring offense from the prior season are generally a good value in their Week 1 openers, provided they are playing on the road.
Scoring margin
An exceedingly straightforward way of measuring scoring offense and scoring defense together as a whole is to look at a team's “margin." Margin is simply scoring offense minus scoring defense, which is a fairly clear-cut measure of how a team does on both sides of the ball. Typically, the higher the margin, the better the team.
In this regard, it might seem counterintuitive that teams carrying the higher margin from the prior season in week one matchups are merely 31-42-7 ATS (42 percent). Furthermore, road teams with the higher margin are 14-20-6 ATS (41 percent), while home teams with the higher margin are 17-22-1 ATS (44 percent). Once again, these results line up with the theory that better teams from the prior year are overvalued come opening day of the following season.
Conclusion: “Better” teams, which often boast a higher margin than their opponent, are overvalued the following season in NFL openers.
In sum
Oddsmakers cater NFL betting lines to match public perception and also to bait the public into poor bets. The temptation to use the prior year’s success as a buy sign for how a team will perform against the spread in Week 1 of the following season is an enormous trap.
The fact is, isolating road teams, road dogs, non-playoff teams vs. playoff teams, teams with a losing record or low margin vs. playoff teams or ones with a high margin from the previous year is where the line value resides. Quite simply, taking the road less traveled is your surest path to NFL betting profits.
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