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The Right Way to Bet on Baseball
By bettingfool | September 25, 2007
Have you read Moneyball yet? You should. Not only is it a very entertaining read, it’ll open up your eyes to the inner workings of Major League Baseball – and why you can make a buck off it.
It boils down to this: Very smart people spent countless hours applying statistical analysis to their favorite sport. The tools they developed have far better predictive power than traditional statistics like wins, saves, RBIs and so on. You can find most of these advanced statistics for free on the Web.
These analytical tools are so powerful that teams like the A’s, Red Sox, Dodgers and Blue Jays have hired general managers who use them to their advantage. So should handicappers. While other casual bettors scoff at the alphabet soup of VORP and xFIP, choosing instead to rely on flawed statistics like batting average and ERA, you’ll be taking money out of their pockets.
Topics: MLB Baseball Odds |
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