Friday, October 3, 2008

What percentage of teams win based on the Vegas point spread?

Question: What percentage of teams win based on the Vegas point spread?

Why I asked the Question: I entered my first NFL survivor pool this year and wanted to know at what point spreads do the chances increase for guessing the correct winner between two teams.

Analysis: I did an online search trying to find the past lines with little luck. There are a ton websites on gambling and after going through a few hundred, I found the following that had the lines:

http://www.footballlocks.com/nfl_point_spreads.shtml

- NFL lines for 2006 and 2007 (towards bottom of page):

http://www.collegefootballpoll.com/weekly_picks.html

- College lines back to the 2003 season.

Even though I was not looking for the college number, I decided to run the numbers anyway. I did want more data for the NFL , especially since they have about 200 less games with point spreads than college games do (in 2007 there were 677 college games with lines vice 353 NFL games). I then noticed that Phil Steele's Pro Football publication had the lines back to 2003. I asked them where they got there numbers and they gave me the following website which has NFL and college lines back to 2001:

http://www.ncsports.com/online/schedulepage.html

A combo of the two databases could be used, but Vegas and the people betting on the games seemed to be less accurate guessing college games (probably for less information available), so the two were kept separate.

Games with ½ point spreads had less games than the other games around them, so I also created a weighted percentage. It is 50% from that specific line, 16 % for each ½ point away and 9% for each 1 point away. This helps with evening out impacts a huge upset in the extreme values. For example Stanford's 24-23 upset of USC when they were a 39.5 point underdog. There were much more lines at even numbers vice ½ so this help to smooth the winning percentages from one value to the next.

Note: The college games from 2005 don't have ½ point lines.

So far I have complete comparisons on NFL 2004 to 2007 and college 2005 to 2007 and here is the results. I will add data as I find time to go back through the previous years..

NFL – Vegas's line's year by year winning percentage:

2007 69.6%

2006 59.6%

2005 75.1%

2004 64.1%

Total 67.1%

College - Vegas's line's year by year winning percentage:

2007 73.7%

2006 75.4%

2005 72.3%

Total 73.8%

Percent chance for a team to win the game base on point spread (using the weighted values)


Percentage

NFL

College

100

15

41

95+

14

21.5

90+

14

16.5

85+

11.5

16

80+

8

14

75+

8

13.5

70+

7

6.5

65+

5

5.5

60+

3.5

5

55+

1

2

50+

--

1

45+

--

--

Complete NFL list (2004 to 2007)

Vegas Spread

Total wins

Total losses

Winning Percent

Weighted (50%,34,16%)

Percentage break points

24.5

1

0

100

100


22

1

0

100

100


20

1

0

100

100


19

1

0

100

100


18

1

0

100

100


16.5

4

0

100

100


16

2

0

100

100


15.5

3

0

100

100


15

4

0

100

100

100%

14.5

3

0

100

98.77


14

2

0

100

95.67

90%-95%

13.5

11

2

84.62

87.78


13

11

3

78.57

83.45


12.5

8

1

88.89

85.74


12

5

1

83.33

84.34


11.5

7

1

87.5

85.63

85%

11

12

3

80

82.42


10.5

14

2

87.5

84.35


10

21

7

75

80.3


9.5

29

3

90.63

85.26


9

26

8

76.47

81.94


8.5

9

1

90

85.09


8

21

3

87.5

81.94

75%-80%

7.5

18

11

62.07

71.5


7

49

14

77.78

72.44

70%

6.5

31

17

64.58

67.08


6

37

22

62.71

66.72


5.5

26

9

74.29

69.31


5

18

8

69.23

67.37

65%

4.5

16

12

57.14

62.96


4

31

15

67.39

64.39


3.5

62

33

65.26

62.17

60%

3

107

90

54.31

57.91


2.5

23

20

53.49

56.47


2

22

12

64.71

59.28


1.5

16

14

53.33

55.78


1

26

21

55.32

55.73

55%


679

333





Complete College list (2005 to 2007)

Vegas Spread

Total wins

Total losses

Winning Percent

Weighted (50%,34,16%)

Percentage break points

46

1

0

100

100


45

1

0

100

100


44

1

0

100

100


43

1

0

100

100


42

2

0

100

100


41

1

0

100

100

100%

40.5

1

0

100

96


40

2

0

100

91.5


39.5

1

1

50

75


39

4

0

100

91.5


38.5

2

0

100

96


38

2

0

100

97.33


37.5

1

0

100

93.19


37

2

1

66.67

80.9


36

6

1

85.71

87.19


35

4

0

100

94.9


34.5

2

0

100

98.86


34

8

0

100

100


33.5

1

0

100

100


33

4

0

100

100


32.5

1

0

100

100


32

6

0

100

100


31.5

3

0

100

100


31

9

0

100

100


30.5

1

0

100

100


30

10

0

100

99


29.5

2

0

100

96.28


29

7

1

87.5

90.35


28.5

4

1

80

87.88


28

14

0

100

94.93


27.5

5

0

100

96.98


27

11

1

91.67

95.83


26.5

2

0

100

98.58


26

20

0

100

98.61


25.5

4

0

100

98.45


25

10

1

90.91

95.45


24.5

6

0

100

98.45


24

14

0

100

98.83


23.5

4

0

100

99.06


23

17

1

94.44

97.22


22.5

4

0

100

99.06


22

18

0

100

99.1


21.5

5

0

100

98.03

95%

21

33

2

94.29

94.08


20.5

7

1

87.5

89.18


20

30

4

88.24

86.9


19.5

4

1

80

84.38


19

22

4

84.62

87.71


18.5

5

0

100

94.35


18

30

1

96.77

94.79


17.5

16

2

88.89

92.88


17

47

3

94

93.22


16.5

15

0

100

92.61

90%

16

35

9

79.55

83.87

85%

15.5

9

3

75

79.84


15

29

5

85.29

81.95


14.5

15

4

78.95

80.58


14

55

10

84.62

81.69

80%

13.5

21

6

77.78

76.97

75%

13

37

13

74

73.93


12.5

6

4

60

70.23


12

48

9

84.21

80.17


11.5

8

1

88.89

84.2


11

41

7

85.42

82.75


10.5

13

4

76.47

77.3


10

37

20

64.91

71.76


9.5

8

2

80

75.62


9

44

16

73.33

73.85


8.5

9

3

75

75.07


8

43

18

70.49

73.17


7.5

21

4

84

77.44


7

61

36

62.89

70.71


6.5

33

6

84.62

75.71

70%

6

54

33

62.07

67.1


5.5

17

8

68

66.54

65%

5

49

28

63.64

62.51

60%

4.5

11

9

55

58.44


4

50

33

60.24

58.49


3.5

25

20

55.56

56.65


3

65

51

56.03

56.84


2.5

30

21

58.82

57.07


2

53

40

56.99

55.79

55%

1.5

11

11

50

52.87


1

55

47

53.92

53.5



1426

507







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