2 Undervalued Teams

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It is not often in which you see a popular public team like the Mets priced this undervalued. However, after losing four straight games in dominant fashion, showing signs that the four game series in Philadelphia and today being their eighth road game in seven days may potentially be taking some air out of the team- and you have some people temporally parking their money elsewhere. Although its hard to imagine Maine keeping his current pitching dominance sustained, timing his regression may prove costly, as he has yet to show any signs of a slowdown, and has actually improved his biggest weakness of walking a high rate of batters in recent starts, walking just four batters in his last six outings, and posting a 27/4 K:BB ratio since the beginning of June. During the last two years, Maine has produced one of the best OBA in the league, making his improved walk rate that much more of an asset, as teams putting hitters on base has been hard to come by. Maine’s ground ball ratio has also improved in recent starts, an overlooked asset when pitching in a park like Houston’s. He has shown no ill-effect some young pitchers show when pitching on the road, as this is the second straight year where his road WHIP remains under 1.10. His slider and improved fastball are quickly becoming plus pitches in which most scouts have claimed he lacked, a big reason for predicted future regression. Maine’s dominated no team more than the Astros last year, as his two starts against them produced 15 innings, six hits and just two runs. His ability to overpower right handed hitters will put pressure on the lack talent the Astros bring from the left side. Maine has gone at least seven innings in his last three outings, and is backed by a top tier bullpen that did a good job conserving their better arms in last night’s debacle. Despite improving in recent series, Astros lines have more than caught up to their improvement. Their current 5-2 home stand could easily be a 2-5 one if it were not for their 9th inning come from behind wins, something that will be hard to due against Wagner.

Jennings is a solid pitcher (quietly putting forth a solid season) that usually trades for below his worth. However, the market may have caught up to his abilities and knowing that past year’s numbers may have been inflated by Coors (although Minute Maid is not much friendly to a home pitcher). That said, he too is prone to some regression, as the month of June was not terribly effective for him, and his current numbers against left handed hitters are well below his norm and abnormally efficient for a typical sinkerball pitcher. The Mets have the talent from the left side that often pose match up problems for a sinkerball pitcher, and having faced two right handed sinkerball pitchers in the last two games will make Jennings style far from a novelty. His inability to go deep into games this year (5.8 innings per start) is a detriment for an Astros team whose bullpen is struggling, injured and underachieving. Their bullpen also lacks a talented southpaw to counter the talent of the Mets left handed hitters. The Mets continue to be one of the best hitting road teams, and their power that is often diluted by their home park confines can be magnified in a park such as this.





Cardinals
Wainwright is slowly readjusting back to the starting role, and in the month of June showed his talent and true worth, posting an ERA of under 4 during that stretch. During the month, Wainwright’s plus curveball has significantly improved, while his improved groundball rate shows he is better locating his pitches and potentially less prone to the long ball that has been bothering him this season. His minor setback in his last start may also be a bit misleading, as three of this five runs came in the sixth inning in which he was squeezed, the culprit of him walking in a run, hitting a batter that forced in a run and the sac fly that was a product of his walks. Wainwright gets an ideal match up today, as he faces a young team not terribly potent against the off-speed pitch and high velocity disparity in which Wainwright has. The Diamondbacks are quietly losing that momentum and confidence that has helped them overachieve this season, as losing four of their last five, and scoring four or less in six of their last seven has put a halt to their division title bid. Backed by a solid bullpen should make it hard for a slumping Diamondbacks lineup to score throughout this game. The Diamondbacks are once again hitting more productively at home this season, and have just two starters coming into today’s game with a batting average of over .260 on the road.

As expected, the evident regression that Davis was prone to last month has come, as no pitcher that has been walking as many batters as he has could keep the numbers he was keeping sustained for long periods of time. That said, he is still prone to some more regression as his control continues to fail, as he is coming of a six walk allowed game, and is getting progressively easier to get hits off. Davis has a bad combination of walking hitters and lacking an overpowering pitch to make up for a high walk total. His six plus June ERA and 2 plus June WHIP is alarming and not deficiencies you want when facing a team that you have struggled against throughout your career. Although the Cardinals are not terribly effective against left handed pitching, they are more vulnerable against the power southpaws (which Davis is not), have a couple role players in Molina, Spezio (who should be available today) and Taguchi hitting them well, while the heart of the lineup has had success against Davis throughout his career. Although the Cardinals lack the ideal patience to take advantage of Davis’s walk propensity, they make the most of their free passes with their productive outs. The Cardinals have been hitting much better during the last month. No other team in baseball is more dependent on a hitter like the Cardinals are with Pujols, who is hitting over .500 in his last two series.
 

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Everyone's on the Mets today, I don't see how they're undervalued
Just because everyone is on a certain team does not automatically imply that the team can not be undervalued. There is usually one or two games a day in which linesmakers can not price a team anywhere near its “intrinsic worth”, and in my opinion, this is the case for the Mets today. Part of the reason for the mis-pricing in this game is because the home field advantage is over quantified by the conventional 20 basis point transfer to the home team (implying that the Mets would be -154 at home if this game were played at Shea). In reality, home field advantage is not as homogenous as lines are set out. The Mets are actually a fundamentally more dangerous team on the road. Both pitchers have shown no preference between pitching at home or on the road (which is also uncommon), while the Astros have been unable to take advantage of this parks propensity to allow the home run (more home runs on the road this season).
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The “everyone is on it” theory is way overrated, especially when they use a sample size that deviates from reality.
<o:p> </o:p>
Some of these infamous posts claiming one team is the play because on 1 person on the forum is on them while 4 or on the opposition is comical as it is disappointing.
 

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Jennings is a decent pitcher, but the Astros are inconsistent at hitting. It's tough to back a Mets team after they got spanked by the Rockies. Their bullpen is in shambles too.
 
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Like the Mets analysis. Maine is the only pitcher on that staff worth backing right now as he has atleast shown consistency. Now Wainwright on the other hand is a tough guy to back for me but he has bounced back this yr, atleast in the month of May and June. On 5/15 he gave up 8er then the next start only gave up 2er. On 6/7 he gave up 4er then next start gave up 0er. On 6/18 he gave up 4er then next start gave up 2er. Last start he gave up 5er and now it is time to bounced back again.
 

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Has the time arrived to start fading Penny? Have you seen any indications of him weakening? tempting to back him today at a short price.
 
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Has the time arrived to start fading Penny? Have you seen any indications of him weakening? tempting to back him today at a short price.

While I agree its impossible to maintain a 2.00era, I think you have to have balls of steel to go against a guy who is 4-0 w/ 1.37era at home, his team is 14-3 when he pitches, and they are 7-2 in his 9 home starts. On top of all that he has 5 straight starts of 1er baseball.
 

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I'm not talking about the forum; check wager line. 71 percent on the Mets.

I wasn't suggesting you were. But basing actuality on Wagerline's monopoly money flow is not prudent or effective either.


In general (not assuming it is your assumption) this contrarian approach a lot of inexperienced handicappers are employing is becoming a self fulfilling prophecy.

Solely basing bets based on where the “public” is, is an irrational approach.

The baseball market place can be broken up into two types of players

One being the irrational one that usually includes handicappers that base bets predominantly by unsustainable trends, “due theory’s”, emotional ties, blind handicapping, and fundamental handicapping that does not accurately quantify the fundamentals into prices. This group is 95% of your handicapping public and forum posters.

The other group is your rational better, who employs rational fundamental techniques and accurately quantifies them into a worth, and makes bets solely on price and value.

Keep in mind, just because the majority of the first group is on team A does not mean team A can be undervalued. This group of handicappers does not have an effect on the outcome of the game so should have no bearing on the intrinsic value of a team. The only play two roles in a baseball market. One being their pre-opening role in which linesmakers base their opening line in part due to the expected money flow from this group. The post-opening line role, which is a product of line movements.

It appears that their pre-opening role of blindly backing the Mets was not significant, as opening line and early line movement suggests books anticipated group one to shy away from the Mets after losing their last four and being dominated in their last series. The only thing you should factor in with that 80% (monopoly money) on the Mets is whether it effected the line movement enough to erode all the value from the Mets. I say no.

The only thing I feel holds some importance in line movements and consensus plays is two fold. The direct effect they have on value, and the indirect effect they have on perception of value, which could be analyzed based on whether the direction on the line movement is fully correlated to the nominal money flow on the team- which is essence determines if each dollar is being treated as a homogenous product.
 

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Well theres currently 93% on the METS on SportsInsights and defintely will be on of the top games bet# wise.
 

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For me to bet on the mets being a braves fan, it has to be a super strong play in my mind and thats exactly what I am doing today. I know that sounds as square as square can be, so be it. Me and Joe Sixpack are both on this game along with buffet man.

Good luck to all of us.
 

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Has the time arrived to start fading Penny? Have you seen any indications of him weakening? tempting to back him today at a short price.


In general, signs of a pitcher weakening are not the only justification for going against a pitcher. A go-against pitcher can be in top form and still warrant a go- against if his top form is being over quantified. Although Penny has witnessed a structural change in his pitching ability this year by adding another pitch that could keep his numbers below career norm, as mentioned last month, his current numbers are not sustainable and is vulnerable to being overvalued. That said, he has not been overvalued since that post, as his starts have been against the Mets and Sosa (both prone to being overvalued themselves) a hot DBacks team that was overvalued at the time, and Peavy, always prone to being overvalued. Tonight is a similar case, going up against an overvalued <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City><st1:place>Hudson</st1:place></st1:City>. Slight value is actually on the Dodgers. I would wait to go against Penny away from home and preferably during the day, as home night games have been spots he has thrived in throughout his career.
 

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For me to bet on the mets being a braves fan, it has to be a super strong play in my mind and thats exactly what I am doing today. I know that sounds as square as square can be, so be it. Me and Joe Sixpack are both on this game along with buffet man.

Good luck to all of us.
This is a good example of a hobbyist bettor. Having a "favorite team" and betting on a division opponent should have nothing to do with each other.
 

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In general, signs of a pitcher weakening are not the only justification for going against a pitcher. A go-against pitcher can be in top form and still warrant a go- against if his top form is being over quantified. Although Penny has witnessed a structural change in his pitching ability this year by adding another pitch that could keep his numbers below career norm, as mentioned last month, his current numbers are not sustainable and is vulnerable to being overvalued. That said, he has not been overvalued since that post, as his starts have been against the Mets and Sosa (both prone to being overvalued themselves) a hot DBacks team that was overvalued at the time, and Peavy, always prone to being overvalued. Tonight is a similar case, going up against an overvalued <st1:city><st1:place>Hudson</st1:place></st1:city>. Slight value is actually on the Dodgers. I would wait to go against Penny away from home and preferably during the day, as home night games have been spots he has thrived in throughout his career.
Makes sense to me. I will keep this in mind.
How about the Reds, Morris has been terrible and reds at home only laying -123?
 

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