My 2 cents
I don't calculate or track stats anymore either, but park factor is definitely an important component but most likely over compensated for in many respects. Problem is finding the "true" park factor is damn near impossible. Yes the factor they give comparing runs at home to runs on the road is pretty good, and gets better as the season goes on. But there are alot of things that can skew a park factor such as the one provided by ESPN. Schedule, fortuitous pitching matchups, crazy weather, umpires with strikezones as wide as their ass, ground crews jacking with mounds, and teams that plain suck arse on the road, etc. At one point, I tried to calculate true park factor, I adjusted the runs scored, for things such as quality of pitching, quality of hitting by opponents at home on the road, umpires, ground ball to fly ball ratios, weather etc. Got a number that was probably pretty accurate, but the difference between parks after all of that was pretty small in most cases (usually around a half run per game), and like previously noted, boys in Vegas already have that built in. You'd probaby be more sucessful spending time really studying the umpires and taking notes on their games. Can really get an advantage if you know not just the stats they put on the internet, but what a ump really does. Some umps might draw Peavy versus Penny, or the crap bag Astros all the time and get a 5 under to 1 over record but really have a pretty tight strikezone. And may refuse to give a back door curve ball to Jamie Moyeresque lefties when facing right handed batters. There are certain situations every week, with regard to umpires,patient or impatient teams, and stellar/crappy bullpens that will trump any park factor.