On the surface, just by looking at the line, the Yankees appear to be overvalued. However, breaking down the game fundamentally, the line appears to be more warranted (I valued the game at -151/151). Firstly, the Yankees are not coming with the inflated price tag this season that they are usually accustomed to. Their high negative ROI is more predicated on underachieving rather than not being able to overcome a daily inflated market price. The market also appears to have fully adjusted to the injuries of ARod and Posada, not thinking twice at putting them as underdogs to the Rays and yesterday at home. Secondly, Wang is an underrated pitcher, and also an undervalued one. The only reason why he is not a consistent bet is because his undervalued status is offset by the Yankees lineup possessing overvalued status. Today’s game is no different.
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The Mets are not an ideal team to play with a DH, as they simply lack depth to make good use of that spot. Perez is a very streaky pitcher, and heavily dependent on his mechanics being in good form. They are not right now, and it is evident in his high walk total of late (20 walks in the last 22 innings of work). This is not a deficiency you want against the Yanks, as although their lineup is struggling to get hits, their patience at the plate rarely slumps.
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In the past, there has always been an anchoring bias on the Yankees team during their slumps, meaning they were good go- against when not playing well (not usually the case when teams are in slumps, as they tend to provide value as the market has the propensity to overreact to current form). However, this year appears to be a bit different. Just don’t expect them to come with any value (unless they are playing a team prone to being overvalued).
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Good luck.