It’s officially bracket season, with the 2023 NCAA Men’s Tournament set to kick off with the First Four Tuesday before wall-to-wall coverage takes over the national stage on Thursday. By now you’ve probably started to fill out your brackets at CBS Sports and potentially made some of your decisions based upon the data available in our bracket picks game, including the SportsLine Optimal Bracket and SportsLine Upset Bracket.
However, there is another level to bracket strategy you should consider before your pools lock at lunchtime on Thursday that involves how the betting market is rating both teams.
This concept involves looking at the money lines for each matchup and using the SportsLine betting calculator to determine the implied odds each side wins the game. Here’s how you do it: Enter the money line for a team (i.e., -110) in the American Odds section of the form. Once you click out of the field, the calculator will give you more information related to those odds, including the implied winning percentage in the final field labeled “Implied Odds.”
In the case of a -110 money line, those implied odds read 52.38, meaning that the corresponding team has a 52.38% chance to win as determined by the market. The true odds for a matchup will always be slightly lower than the implied odds calculation to account for the juice the sportsbooks are building into each line; for example, that -110 money line would likely be matched by another -110 money line on the other team in the matchup by most sportsbooks, but mathematically both teams cannot have a 52.38% chance to win.
For the purposes of finding leverage, we’re going stick with the odds implied by the money line rather than going the extra step to find true odds. Since we’re using this tool to make a comparison across the entire spectrum of first-round matchups, the important factor is remaining consistent with the data we use rather than which data…
Source link : https://www.cbssports.com/college-basketball/news/ncaa-tournament-bracket-game-strategy-top-leverage-plays-full-5-vs-12-seed-breakdown-to-maximize-your-edge/
Author : Mike McClure
Publish date : 2023-03-14 21:09:54
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