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I did some calculations...

Posted on 12/18/09 at 4:26 am
Posted by DocBugbear
Arlington, Texas
Member since Mar 2008
8119 posts
Posted on 12/18/09 at 4:26 am
Here's a Christmas present to the Rant. Use it at your own risk...

BCSCG (1/7): Alabama (-5) vs. Texas: Texas (ev): 55.5% Texas (+5): 62.4%
Gmac (1/6): C. Michigan (-4) vs. Troy: C. Mich (ev): 63.0% C. Mich (-4): 57.7%
ORANGE (1/5): Georgia Tech (-4) vs. Iowa: G. Tech (ev): 58.8% G. Tech (-4): 54.8%
FIESTA (1/4): TCU (-7) vs Boise State: TCU(ev): 56.3% Boise (+7): 53.4%
Alamo (1/2): Texas Tech (-7) vs. Michigan St.: TTech (ev): 62.6% TTech(-7): 56.2%
Liberty (1/2): East Carolina vs. Arkansas (-8): Arky (ev): 64.2% Arky (-8): 59.2%
Cotton (1/2): Oklahoma State vs. Mississippi (-3): Miss (ev): 51.1% OSU(+3): 52.5%
Papajohns (1/2): UConn vs. South Carolina (-5): UConn (ev): 51.6% UConn(+5): 61.0%
International (1/2): South Florida (-7) vs. Northern Illinois: S. Fla (ev): 61.4% S. Fla(-7): 54.5%
SUGAR (1/1): Cincinnati vs. Florida (-10): UF (ev): 62.1% Cinn(+10): 50.9%
ROSE (1/1): Oregon (-4) vs. Ohio St: Oregon (ev): 55.2% Ohio St(+4): 50.1%
Gator (1/1): West Virginia (-3) vs. Florida St.: WV(ev): 52.1% FSU(+3): 52.0%
Capital One (1/1): Penn St. (-3) vs. LSU: LSU(ev): 53.1% LSU(+3): 57.7%
Outback (1/1): Northwestern vs. Auburn (-7): Aub(ev): 64.2% Aub(-7): 60.4%
Chick-fil-A (12/31): Virginia Tech (-4) vs. Tennessee: VT(ev): 59.4% VT(-4): 54.5%
Insight (12/31): Minnesota (-3) vs. Iowa St.: Iowa St (ev): 50.1% Iowa St. (+3): 53.9%
Texas Bowl (12/31): Missouri (Pk) vs. Navy: Missouri (ev): 57.6%
Sun Bowl (12/31): Stanford vs. Oklahoma (-9): OU(ev): 60.1% OU(-9): 52.2%
Armed Forces (12/31): Air Force vs. Houston (-5): Hou(ev): 52.6% Air Force (+5): 53.1%
Holiday (12/30): Nebraska vs. Arizona (-1): Neb (ev): 59.2% Neb(+1): 60.4%
Humanitarian (12/30): Idaho (-1) vs. Bowling Green: BG(ev): 57.0% BG(+1): 58.4%
Champs Sports (12/29): Miami (-3) vs. Wisconsin: Mia(ev): 59.2% Mia(-3): 55.6%
EagleBank (12/29): UCLA (-4) vs. Temple: UCLA(ev): 59.0% UCLA(-4): 54.9%
Independence (12/28): Texas A&M vs. Georgia (-7) : TA&M(ev): 53.2% TA&M(+7): 59.2%
Music City (12/27): Kentucky vs. Clemson (-7): Clem(ev): 60.1% Clem(-7): 50.5%
Emerald (12/26): Boston College vs. USC (-9): USC(ev): 53.5% BC(+9): 56.0%
Meineke Care Care (12/26): North Carolina vs. Pittsburgh (-3): Pitt(ev): 57.2% Pitt(-3): 53.1%
Little Caesars (12/26): Ohio (-2) vs. Marshall: Ohio(ev): 57.0% Ohio(-2): 54.3%
Hawaii (12/24): Nevada (-14) vs. SMU: Nev(ev): 64.2% Nev(-14): 53.1%
Poinsettia (12/23): Utah vs. California (-3): Cal(ev): 50.7% Utah (+3): 52.7%
Las Vegas (12/22): Oregon State (-2) vs. BYU: OSU(ev): 52.0% BYU(+2): 50.1%
New Orleans Bowl (12/20): M. Tenne St. vs. S. Miss (-3): SM(ev): 54.1% MTSU(+3): 50.6%
St. Petersburg (12/19): Rutgers (-2) vs. C. Florida: Rut(ev): 55.8% Rut(-2): 53.6%
New Mexico (12/19): Wyoming vs. Fresno St. (-10.5): Fresno(ev): 64.2% Fresno(-10.5): 54.6%

Posted by C
Houston
Member since Dec 2007
28029 posts
Posted on 12/18/09 at 4:38 am to
Umm Can I get the key to knowing what this means? TIA
Posted by DocBugbear
Arlington, Texas
Member since Mar 2008
8119 posts
Posted on 12/18/09 at 4:45 am to
BCSCG (1/7): Alabama (-5) vs. Texas: Texas (ev): 55.5% Texas (+5): 62.4%

This means that in the BCS Championship game on January 7, where Bama is a 5 point favorite over Texas, that Texas has a 55.5% of winning the game and a 62.4% chance of at least staying within 5 points of Bama... etc.
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 12/18/09 at 4:52 am to
Methodology?
Posted by DocBugbear
Arlington, Texas
Member since Mar 2008
8119 posts
Posted on 12/18/09 at 5:06 am to
quote:

Methodology?


Least squares fit to put a power rating to each team along with errors. Approximated an error function to produce percentages and curbed these down to deal with otherwise unaccounted for sources of error.
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 12/18/09 at 5:26 am to
Interesting. Thanks.



quote:

a power rating to each team


P.S. -- Does this take into account a team's margins of victory, or is it just based on wins and losses?
Posted by ClientNumber9
Member since Feb 2009
9724 posts
Posted on 12/18/09 at 7:36 am to
quote:

where Bama is a 5 point favorite over Texas, that Texas has a 55.5% of winning the game


Maybe I don't get it, but if Bama is a 5 point favorite, how come Texas has a 55.5% chance of winning the game outright?

Wouldn't that make Texas the favorite- and a pretty solid favorite to boot?
Posted by cardee2003
Baton Rouge/Tacoma,WA
Member since Jan 2009
2632 posts
Posted on 12/18/09 at 7:48 am to
I want all Big 10 schools to lose
Posted by luvmesumlsu
DFW
Member since Dec 2005
2320 posts
Posted on 12/18/09 at 8:28 am to
quote:

Texas has a 55.5% of winning the game


So Alabama has a 44.5 % chance to win! If that's what you're selling, i'm not buying!

This post was edited on 12/18/09 at 8:30 am
Posted by LSUisOVER9000
Member since Nov 2009
2751 posts
Posted on 12/18/09 at 8:34 am to
quote:

Maybe I don't get it, but if Bama is a 5 point favorite, how come Texas has a 55.5% chance of winning the game outright? Wouldn't that make Texas the favorite- and a pretty solid favorite to boot?

it means AL has 55.5% of WINNING the odd (which is 3 points)..
that's why each calculation is between 40-60%..
This post was edited on 12/18/09 at 8:37 am
Posted by NimbleCat
Member since Jan 2007
8902 posts
Posted on 12/18/09 at 8:44 am to
quote:

it means AL has 55.5% of WINNING


by that logic, FLorida has a 62.1% chance of losing the Sugar Bowl???

I am really confused if this info is correctly interpreted.
Posted by LSUisOVER9000
Member since Nov 2009
2751 posts
Posted on 12/18/09 at 8:53 am to
quote:

by that logic, FLorida has a 62.1% chance of losing the Sugar Bowl??? I am really confused if this info is correctly interpreted.

Cinn has 50.9% of winning..the odd against them is 10 points. Cinn needs to get within 10 points against FL in order to win the bet, which is why OP gives Cinn 50.9% of winning the bet..not the game
Posted by C
Houston
Member since Dec 2007
28029 posts
Posted on 12/18/09 at 8:56 am to
Yeah Im still confused.
Posted by LSUisOVER9000
Member since Nov 2009
2751 posts
Posted on 12/18/09 at 9:52 am to
quote:

Yeah Im still confused.

okai..imagine that the score is FL 30-19..that's 11 difference so FL wins the bet. If the score is FL 30-21...FL won the game but lost the bet. OP gives Cinn 50.9% of winning because the odd is 10 points. If the oddmaker gives Cinn +20 points then the percentage would go higher ex. 61.9%
Posted by DocBugbear
Arlington, Texas
Member since Mar 2008
8119 posts
Posted on 12/18/09 at 12:04 pm to
quote:

P.S. -- Does this take into account a team's margins of victory, or is it just based on wins and losses?


Margin of victory as well as strength of the opponent.
Posted by DocBugbear
Arlington, Texas
Member since Mar 2008
8119 posts
Posted on 12/18/09 at 12:08 pm to
quote:

Maybe I don't get it, but if Bama is a 5 point favorite, how come Texas has a 55.5% chance of winning the game outright?


The favorite and line are based on the perception of the betting public. More people are betting on Alabama to win, so they are the favorite. By moving the line to 5 points, they get enough people to shift to Texas so that the bets even out.
Posted by DocBugbear
Arlington, Texas
Member since Mar 2008
8119 posts
Posted on 12/18/09 at 12:11 pm to
quote:

So Alabama has a 44.5 % chance to win! If that's what you're selling, i'm not buying!


That's not what I was expecting to find when I started crunching the numbers either. But a couple of things to note: First, Bama choked in their bowl game last year (I sure as hell wasn't expecting Utah to beat them), and second, life will be much harder on Bama with neutral refs.
Posted by biglego
San Francisco
Member since Nov 2007
80482 posts
Posted on 12/18/09 at 12:11 pm to
quote:

Yeah Im still confused.
Posted by DocBugbear
Arlington, Texas
Member since Mar 2008
8119 posts
Posted on 12/18/09 at 12:51 pm to
quote:

Yeah Im still confused.


About?
This post was edited on 12/18/09 at 12:52 pm
Posted by C
Houston
Member since Dec 2007
28029 posts
Posted on 12/18/09 at 2:45 pm to
OK I understand now.



I was thrown off by
quote:

FIESTA (1/4): TCU (-7) vs Boise State: TCU(ev): 56.3% Boise (+7): 53.4%


I wasn't paying attention to the teams names just the chance of winning. Sometimes they are the same, sometimes they are different.

Well done!
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