this post was submitted on 25 Nov 2023
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Only gambling addicts think record against the spread matters
Well, it probably does tell us something, since the spread reflects people literally putting their money where their mouths are. It does seem like a team that consistently beat the spread could be said to be defying expectations in a positive way. That wouldn’t necessarily mean they were a good team, though, depending on where the spreads they beat were set to begin with.
I'm the case of this post, they have 1 more win above the spread than random chance would suggest. Which is meaningless.
But, even if they were if they were 8-2 against the spread, rather than 6-2-2, we'd expect about 1.4 teams to hit that mark every year if every spread was 50/50 to hit. The sample sizes in football aren't big enough to matter and patterns in over/unders or spreads are better explained by variance than anything sticky or predictive almost every time.