rp-excel
NFL Betting Lines
Written by Romeo Pericic, MD - 08/26/2022
Every sports book attempts to set a line where 50% bet one way and the other 50% the opposite way. With this being the case the sports books will always be profitable. Once the line is set and the public heavily bets one-way, it will cause a line movement in an attempt to equalize betting on both sides. In this analysis I wanted to assess if there are any edges when it comes to NFL betting lines against the spread.
The analysis includes the last 10 NFL seasons (2012-2021). There were a total of 2,690 games played. The following are the results. Included in the analysis are only those lines that were present more than 50 times.
We are all very well aware of just how accurate the oddsmakers lines are. However, there are a few lines which have showed an inconsistency in the oddsmakers accuracy.
Conclusions:
Although the oddsmakers are incredibly adroit at setting lines, the following may offer an advantage:
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The Away team, as a 5.0 point underdog, has won 38 out of 63 games ATS (60.3%).
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The Away team, as a 10.0 point underdog, has won 31 out of 55 games ATS (56.4%) and lost only 19 of 55 (34.6%), as there were 5 pushes.
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The Away team, as a 5.5 point underdog, has won 31 out of 51 games ATS (60.8%).
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The Away team, as a 7.0 point favorite, has won 39 out of 65 games ATS (60.0%).
Stats sorted by Line %
The two most commonly used lines were -3 (Home Favorite) and +3 (Away Favorite),
followed by -3.5, -7.0, -2.5, -6.5, and 2.5.
Stats sorted by Away Win %
The area of opportunity seems to be with the Away teams as six lines, -5.5, -5.0, 7.0, 3.5, -10.0 and -6.0,
all have won at a greater than 55% rate.
Stats sorted by Home Win %
There is less of an opportunity with the Home teams as none have won at a greater than 55% rate.
Stats sorted by Away Win Advantage %
There are four lines that show a greater than 20% difference between winning and losing.
Betting on the Away team, when favored by 7.0 points, or being the underdog with lines, -5.0, -10, and -5.5,
seems to offer a significant advantage.
Stats sorted by Home Win Advantage %
There is only one line, +3.0 that shows a greater than 10% difference between winning and losing.
Betting on the Home team, as a 3.0 point underdog, offers a 14% advantage.