Wednesday, March 18, 2009

How to Pick Your Bracket

I've been suffering from too much all-day Irish Pub Crawl and running around LV booking crazy +EV derivatives to have the time do a full-write up on a bracket. You will have to settle for these simple steps and ask me to explain them at a later time.

The most important things are to 1) Pick what Vegas is picking be Vegas is rarely wrong, and if they are it's rarely by much, 2) Make picks that separate yourself from other people in your pool.

1. Look at the market-bracket at Poofler's blog. (You will notice that the first round is roughly equivalent to the Spread/MLs of the market.
2. Pick the favorites there.
3. If it's close(<60% for the 1st round for example), you want to pick against everyone else in your pool order to separate yourself from the rest of the people in your pool. The more people that you think will pick the favorite, the more inclined you should be to pick the upset. Some basic data for what people are picking can be found at Yahoo Sports, though it may not necessarily apply to the people in your pool. Sometimes you will pick both the Vegas favorite and against what other people are picking(see California, only 33.6% pick them, but Vegas has them as a slight favorite at 52.4%). This is the nuts.

-Things that people tend to pick:
Teams they are fans of.
Their alma mater.
Teams they see on national TV or in their conference.
Whoever ESPN is pimping in the last couple of weeks.
Whoever has a household name.
The higher seed.

4. ???
5. Profit!

P.S. Root for BYU/Memphis/WVa/Missouri for me. Thanx.

2 comments:

ben said...
This comment has been removed by the author.
ben said...

I will play in the World Series of Poker $50k 8-game Players Championship this year.