While Miami lost to Syracuse, it’s worth betting on Miami to make the CFP at 8/1 odds.
We are told that the house always wins. We are told that you can never win at gambling. But what goes unspecified is that those adages only apply to most situations — but not all.
Specifically, the casino floor has clean, fixed odds on table games. The house’s mathematical edge is inarguable and will inevitably win over time. But with sports betting, the math is limited and flimsy.
That gray area is even more pronounced for outcomes away from the playing field — such as the NFL draft, MVP award, etc. When it comes to decisions made by human beings, the market is extremely soft, which I capitalized on just 10 days ago. Oddsmakers are vulnerable because their built-in hold percentage does not outweigh the variance and unknowns.
Right now, you can wager on whether a team will make the inaugural 12-team College Football Playoff that will be revealed this Sunday.
Yes, this weekend’s conference title games will impact the field, but ultimately, it will come down to the decisions of human beings.
We will glean a lot Tuesday night, when the 13-member committee reveals its penultimate rankings following last weekend’s upsets.
