Vegas Odds: Season Edition Vol. 3

Posted by jstevrtc on February 10th, 2009

John Stevens is a featured columnist for RTC. His column appears on Tuesdays throughout the season.

Could it really be that, as of this coming weekend, we are only five weeks from Selection Sunday? That means we’re only four weeks from putting crowns on the heads of conference tournament champions and even closer than that to anointing some regular season champs. It doesn’t seem possible, but here we are. I think this also means the Ivy League announces its tournament representative, like, what, tomorrow?!? OK, maybe not that quickly. But it’ll all be here pretty darn soon.

After much cunning, good timing, and top-flite negotiation, the boys and I have made the Vegas hotel reservations (deals abound like you wouldn’t believe) and locked in our flights (deals aren’t as great as ya might be hearing) for the annual Vegas excursion for the first two rounds. The Vegas-related e-mail chatter has increased. Ah, how I love it. And since I’m here in the RTC Midwestern Compound, all this Vegas talk provides a wonderful antidote, a perfect bridge from now to the first tip in March, over what we hope are the last strains of what’s been one hell of a winter.

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The RTC MW Compound is nice, but does not have a view like this. (credit: gpsmagazine.com)

That said, let’s take another peek inside the collective head of the Vegas oddsmakers and see what they’re thinking. Most of you probably know, but for the untrained, the way the money line works is that if you see a team with, say, +1000 beside them then that means if you bet $100 on them, you get $1000 back, plus your bet. The lower the x is in +(x), the bigger the favorite. If you should ever see a team with a negative (-1000) that means you have to bet $1000 on them to win $100. That doesn’t apply to this list, though.

The last time we checked this was early January…here’s the latest from The Greek:

vegas-odds-2009-season-edition-vol-31

Yep, it’s still Carolina. They’ve given up another $30 since the last time we checked, going from +220 to +250. But it looks like someone in Sin City has found something to like about the oft-bewildering Connecticut Huskies, since their value has been cut in half from +1000 to +500. Odd that Vegas would basically feel twice as good about UConn, seeing as how the Huskies seem to lose focus so easily at times. It can’t just be about the #1 ranking, because the last time we looked at this, UNC had just taken their first loss and actually extended their lead as favorite over the next-closest contender. Connecticut is a fine team and undoubtedly a title contender, but that’s a big move. I wonder what else it’s based on?

Mr. Calhoun cant explain it, either.  But he aint arguing.
Mr. Calhoun can’t explain it, either. But he ain’t arguing. (credit: daylife.com)

Call me crazy, but I still think Louisville is an attractive option at +1800 even though they’ve been “demoted” a couple hundred bucks since last time and they have the occasional problem staying focused, as well. The chance to win 18x your money isn’t a bad value for the current #5 team in the country, eh? I also think UCLA is playing better recently than the mere $200 bump Vegas has allotted them (+2000 to +1800). Heck, even Memphis (+2000 from +3000), a very athletic bunch playing very well of late, can’t be ignored; come on, like you wouldn’t plop down a little dough for the chance to win twenty times your cash on that team. But as far as I’m concerned, along with Rick Pitino’s Cardinals, I think the best bet on the board comes in the form of the Oklahoma Sooners (+1500), a current #2-ranked team that Vegas will give you fifteen times your money for if they take it all. Not a bad deal for a team that has who I consider the national POY (in spite of, uh, THIS) surrounded by an incredibly athletic and hungry surrounding cast. The only thing in the college basketball world bigger than the value you can get for the Sooners and Cardinals is perhaps Andy Kennedy’s head.

Another interesting matter is the continued presence of Gonzaga and an unranked Georgetown team high on the list. I was all about Gonzaga earlier this year — and why not? They have a good coach, exceptional guard play, solid inside game, what we thought was a budding star in Austin Daye…and yet they can barely stay afloat in the Top 25. Everyone thought this was going to be the year Gonzaga, as a program, took that next step into adulthood…what happened? True, the season’s far from over but all the evidence we have up to now has to make you wonder why they’re ranked 19th in the AP poll but still sit as the 9th favorite according to Vegas. And for some reason here sits Georgetown, careening downward like an Acula class submarine, GONE from the Top 25 but still perched here as Vegas’ 12th choice. These oddsmakers usually know their stuff — I wonder what they still see in the Zags and Hoyas?

One final thing I definitely have to mention…even with all of the lines up there that it seems strange that they’d even mention (Georgia at +50000? Texas Tech at +17500?), maaaaan…to just throw more dirt on Indiana like that, actually bothering to list them at +99999?!? That’s got to be classified as cruel and unusual!! Haven’t they endured enough for one year?

Coach Crean says “WTF, VEGAS?!?!?” (credit: ancestry.com)

The next time we check this will probably be in a month, as we take a final look right before the tournament starts. My hombres and I have our suite waiting and our sportsbook seats reserved, and we’ll be touching down the night of the play-in game…so hey, if you see something on the odds board you like, feel free to send us some dough, and we’ll put it in play for you, ya know? Come on…you can trust us!

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Mr. Stevens promises your money will not be used for…tips. (credit: chinadaily.com)
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