« Kelly Is Oregon's Coach in Waiting | Main | The One, the Only Iron Bowl »

December 03, 2008

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e553e551d18834010536344b6e970c

Listed below are links to weblogs that reference Money Talks, BCS Walks:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

SAETrojan

What I have literally been calling for the past couple years. Best post to date Wiz

Bill R.

"the top 30 from the Las Vegas Sports Consultants, a true representation of where teams should be in the BCS standings"

So what makes the LVSC more "right" than other rankings? If your argument is that it's the money then your argument has a big flaw - sports betting isn't about who the casinos & bookies think will win, it's about who the casinos & bookies think the betting public thinks will win.

That's why USC always has huge spreads to cover. It's not because the casinos & bookies think they're so great, it's because the betting public thinks they're so great. Casinos make a profit by getting as much money towards the center as possible - the goal is to get 50% of the people betting one way, and 50% betting the other. That way they always come out ahead. So when they set the lines & spreads, it's based on their assessment of what the public thinks about teams.

So not only does your plan put the decisions in the hands of a group who's sole purpose is to make money (for themselves, not college football), but they're basing those decisions not on who's best but who they think the betting public thinks is best. No way the NCAA will ever go for such a relationship with Vegas - they've got enough of a hangup about gambling already.

nixa37

Seriously, trying to use that "study" by the Cornell student to prove anything shows a complete lack of understanding of statistics. The standard deviations are far to large in such a small sample to be significant or lead to any meaningful conclusions. Even the guy who wrote the paper admitted in the comments that he "wasn't trying to prove anything," though the tone of his paper would lead people to think otherwise.

Basically, you just cited a "study" that doesn't even claim to prove anything as proof that the BCS is worse than the old system. If your goal was to show everyone your ignorance on the subject of statistics and that your blind hatred of the BCS knows no bounds, then well played.

frank

"A study by Cornell student Max Wasserman that was published in May by the Big Lead."

You make being published by the Big Lead sound like a significant accompishment, like he went through an editting or peer-review process. That "study", as mentioned by the previous commentor, is utter nonsense. Andy Bernard would be ashamed.

Seancti

The Vegas rankings are just based upon gambling and what teams bring the most action. Just because Vegas and most of America think Florida is better than Alabama doesn't make them #1.

My God, your solution is a million times worse than the BCS. Why even play the games? Let's just put USC in the title game even though they keep losing to a team they shouldn't each year.

This is absurd...this is by far the worst post I have ever read on this site. Very, very disappointing.

Ramblin Jeff

LVSC apparently thinks, although BC isn't great, they're VERY good... being that they're ranked both 20 and 24. An error like that ruins any confidence I might have had in their consultancy.

bevo

I call bull on Max and the Big Lead, and penalize Wiz of Odds 15 yards for using statistics without knowing what in the hell you are talking about.

Too bad your boy Max did not wait until sophomore year at Penn State to conduct his research. By then, he would have learned about 1) a t-test and 2) Excel's plugs in.

I wanted to test two hypotheses.

H1: There is no difference in the bowl results before and after the implementation of the BCS
H2: There is no difference between the BCS game and the I-AA title game.

Using Max's data, I ran a t-test in Excel to test both hypotheses. Guess what? I failed to reject H1 and H2. That is, there is no difference. The implementation of the BCS had no bearing on the competitiveness of the bowl games or the "title game".

Folks, do not just eye ball the means. Run a means test.

Peter

Sorry, but what a bunch of trash. Georgia as #10 and Georgia #27?? That, right there, makes this fail the smell test.

Lines have little to do with reality, only with making money.

D Wils

Sportsbooks do not try to get 50-50 on all games, that is a total myth that amateur gamblers perpetuate. Sportsbooks try to make money any way they can, not just 5-10% of each wager. If there is an angle to make money by taking 80 percent to a side, the books will take it.
There is no questioning that UF is the best team in the game right now. I don't see any plausible argument to the contrary.
Good post.

bevo

D Wils: Houston Nutt has a plausible argument to the contrary as to how an UNRANKED team with LESS talent can walk into BEN HILL GRIFFIN STADIUM and beat the Gators.

The comments to this entry are closed.

  • TwitterAllDixieRock.jpg

  • FacebookAllDixieRock.jpg

  • AllDixieRockcom.jpg

BlogAds

December 2014

Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Search The Wiz

Categories