From the desk of the Prez
Major media outlets and SportsBooks that offer March Madness brackets
would like you to believe that all of the 64 NCAA teams slated to
tip-off Thursday, March 20th -- have a chance to claim a National
Championship. While mathematically, and in theory, the statement has
teeth; in reality, it’s nothing more than a comparable plug for
PoliGrip. While I don’t recommend large investments in traditional
brackets, or spending hard earned moola on this long-shot venture,
those who like the annual challenge should…
Focus on the top seeds
Betting games or matches -- between two teams or individuals -- with
either a point spread or money line isn't the same prospect as betting
on the field of horses that comprise the NCAA field of 64. And spending
money on March Madness futures should be reserved for pocket change.
Since 1979 only three No. 1 seeds (favorites) have found the winners
circle on the first Saturday in May at Churchill Downs; in fields four
times larger, and during the same period, eight top ranked teams have
gone on to win the NCAA men's basketball tournament.
1978: Kentucky
1982: North Carolina
1992: Duke
1995: UCLA
2000: Michigan State
2001: Duke
2007: Florida
Prior to the seeding system, teams like UCLA (1970, 1971, 1972, 1973),
N.C. State (1974), and Indiana (1976), all ranked No. 1 at the end of
the regular season, won the championship.
Chase teams that roster NBA talent
The NCAA Men's Tournament is all about talent. Of the final 65 teams
that will be chosen during the Sunday selection process, at most 10
schools will have a shot of winning the six straight games it takes to
be crowned National Champion. With two-to-four of those clubs being on
the proverbial bubble as fringe selections.
The six teams that project to send the most players to the next level
coincide with the teams Vegas favors in this year’s Big Dance. My
favorites-- and the schools odds to win the Championship -- according
to the Bodoglife.com:
1. Kansas 11/2
2. North Carolina 9/2
3. Tennessee 9/1
4. Texas 9/1
5. Louisville 9/1
6. Memphis 8/1
UCLA at 5/1 -- and the rest of the Pac Ten is a bust, while the Big 12
and Big East figure to be the most successful conferences through the
first two weekends.
Don’t avoid the shade?
Regardless of how the brackets shake out on Sunday, there will be
plenty of opportunity to pinpoint winners throughout the tournament. As
I mentioned earlier, the first step is finding a winner, and then
valuing that team according to the given line.
Call it what you want, but Vegas shaves points without the cooperation
of the team, players and/or coaches. Vegas will shade the ancestral set
of schools. Kansas, North Carolina, Duke, Syracuse, Kentucky, UCLA and
those units that are publicly perceived as better. But there’s a reason
for this blatant act; these teams are traditionally winners.
There will be more than one handicapper that suggests you bet against
the long-established set because of the large spread. Listening to
these should-be mutes is like trying to move forward while looking in
the rearview mirror.
Don’t over-think the plan
As sports investors, we want to know beforehand which teams will have
reversals in form. Sharp gamblers literally want to be force-fed this
information regardless of the price, because the bottom line depends on
this one factor alone. It's irrelevant what it costs to bet a winner.
Whether the that price tag is -110 or –400. One may not want to invest
$400 to win $100, but you certainly aren’t going to play the losing
side simply because it offers artificial merit. A winner is a winner,
and chasing value is a losing proposition – find a winner and then
focus on how much sense (pun intended) the play offers.
Don’t over think money management, especially when it comes to sports
investing. Make a plan and stick to it. Think the way Albert Einstein
did when selecting his clothes for the day. His closet had seven
outfits, and all were exactly the same. His plan was flawless. He
didn’t waste time and energy trying to decide what to don before
heading to the office every morning. He outlined a strategy and
executed it.
Just win baby!
Call me square, but touts who refuse to back the "chalk" simply because
it's chic to be on the "dog" limit their opportunities. Handicapping
firms that claim to have double-digit dogs that will win outright are
marketing to a select demographic, most significantly players who have
recently lost on heavy favorites.
With that said, the difference between picking teams that will advance
in your March Madness Bracket, and picking ATS winners can typically be
measured by profit and loss.
In summary:
1. Pick the winner
2. Assign value to the investment
3. Bet accordingly
The three steps above are simple, but they require a blueprint and
doctrine. Knowledge is power, and executing a precise outline to build
your bottom line requires such.