Daily Notes, Ft. WS Odds Converted into Projections
Table of Contents
Here’s the table of contents for today’s edition of Daily Notes.
1. World Series Odds Converted into Projections
2. Video: Cubs Shortstop Prospect Arismendy Alcantara
3. SCOUT Leaderboards: Dominican Winter League
World Series Odds Converted into Projections
Bovada (née Bodog) has published their early odds for the winner of the 2013 World Series. Odds for each of the 30 major-league teams are reproduced below. Also included are the break-even (BE) point (i.e. the likelihood of winning above which a team must have in order for a bet to be profitable) and a generic “projected” probability (i.e. what the odds suggest is the likely chance of each team winning the World Series) calculated by scaling the sum of all break-even percentages to 100%.
Note: the author has assumed, as appears to be customary, that the bettor gets his original stake back in a winning bet. So if the odds are 8/1 — as they are for Toronto — the bettor receives $9 in return for a winning $1 bet, making the break-even point only 11.1%.
Other note: Bovada is generally considered to be what’s known as a “square” book — which is to say, it tends to take bets from casual bettors who are more likely to bet on favorites or for their hometown team, for example. Accordingly, these books will offer less favorable odds on more popular clubs — and artificially inflate the projected World Series chances of those clubs, in the process. A “sharp” book, meanwhile, tends to cater more towards experienced bettors, who are more likely to place reasoned bets.
Team | Odds | BE | Proj% |
---|---|---|---|
Toronto Blue Jays | 8/1 | 11.1% | 8.5% |
Los Angeles Angels | 17/2 | 10.5% | 8.0% |
Los Angeles Dodgers | 17/2 | 10.5% | 8.0% |
Washington Nationals | 9/1 | 10.0% | 7.6% |
Detroit Tigers | 10/1 | 9.1% | 6.9% |
Cincinnati Reds | 12/1 | 7.7% | 5.9% |
New York Yankees | 12/1 | 7.7% | 5.9% |
Texas Rangers | 12/1 | 7.7% | 5.9% |
San Francisco Giants | 14/1 | 6.7% | 5.1% |
Philadelphia Phillies | 15/1 | 6.3% | 4.8% |
Atlanta Braves | 18/1 | 5.3% | 4.0% |
Boston Red Sox | 25/1 | 3.8% | 2.9% |
St. Louis Cardinals | 25/1 | 3.8% | 2.9% |
Tampa Bay Rays | 25/1 | 3.8% | 2.9% |
Oakland Athletics | 28/1 | 3.4% | 2.6% |
Milwaukee Brewers | 35/1 | 2.8% | 2.1% |
Baltimore Orioles | 40/1 | 2.4% | 1.9% |
Chicago White Sox | 40/1 | 2.4% | 1.9% |
Arizona Diamondbacks | 45/1 | 2.2% | 1.7% |
Kansas City Royals | 45/1 | 2.2% | 1.7% |
Pittsburgh Pirates | 50/1 | 2.0% | 1.5% |
Cleveland Indians | 75/1 | 1.3% | 1.0% |
Minnesota Twins | 75/1 | 1.3% | 1.0% |
New York Mets | 75/1 | 1.3% | 1.0% |
Seattle Mariners | 75/1 | 1.3% | 1.0% |
Chicago Cubs | 100/1 | 1.0% | 0.8% |
Colorado Rockies | 100/1 | 1.0% | 0.8% |
Miami Marlins | 100/1 | 1.0% | 0.8% |
San Diego Padres | 100/1 | 1.0% | 0.8% |
Houston Astros | 200/1 | 0.5% | 0.4% |
If we take for granted that each of the final eight teams to qualify for the playoffs has a 12.5% chance of winning the World Series — which, admittedly, is something we maybe can’t take for granted — then we might say, based on this information, that Toronto has something like a 68% chance (8.5%/12.5%) of qualifying for the divisional series, while Houston has about a 3% chance.
Video: Cubs Shortstop Prospect Arismendy Alcantara
Arismendy Alcantara, who played at High-A Daytona this past year as a 20-year-old, makes his first appearance today on the SCOUT batting leaderboard for Dominican Winter League hitters of something resembling prospect age, with a 4:2 walk-to-strikeout ratio and a home run in just 16 plate appearances.
While our own entirely admirable Marc Hulet omitted Alcantara from his Cubs top-15 prospect list, Mark Anderson of Baseball Prospect Nation very recently ranked Alcantara ninth among Cubs prospects, citing his (i.e. Alcantara’s) “plus-plus hitting potential” and ability to remain at short.
Here’s video, courtesy of Baseball Instinct, of Alcantara from this summer:
SCOUT Leaderboards: Dominican Winter League
Below are the current SCOUT leaderboards for the Dominican Winter League. (Ages as of July 1st, 2012. Players listed with most recent team. Click here for more on what is SCOUT.)
SCOUT Leaderboard: Dominican Winter League Hitters
Below is the current SCOUT batting leaderboard for the Dominican Winter League. SCOUT+ is calculated using regressed home-run, walk, and strikeout rates, where 100 is average and above 100 is above average.
Player | Team | Age | Pos | PA | xHR% | xBB% | xK% | SCOUT+ |
---|---|---|---|---|---|---|---|---|
Hector Luna | Phillies | 32 | 3B | 193 | 2.7% | 14.8% | 14.0% | 135 |
Nelson Perez | Cubs | 24 | OF | 104 | 2.5% | 18.1% | 23.8% | 124 |
Ricardo Nanita | Blue Jays | 31 | OF | 132 | 1.4% | 12.3% | 8.9% | 122 |
Mauro Gomez | Red Sox | 27 | 1B | 193 | 3.0% | 12.8% | 20.2% | 121 |
Jordany Valdespin | Mets | 24 | 2B | 98 | 2.2% | 12.4% | 15.2% | 120 |
Donell Linares | MEX | 28 | 3B | 90 | 2.3% | 8.3% | 10.2% | 119 |
Miguel Tejada | Orioles | 38 | SS | 137 | 2.3% | 7.5% | 9.6% | 118 |
Todd Linden | Giants | 32 | OF | 108 | 3.5% | 13.4% | 25.9% | 117 |
Brad Snyder | Astros | 30 | OF | 37 | 3.3% | 10.3% | 20.2% | 117 |
Miguel Sano | Twins | 19 | 3B | 49 | 2.9% | 11.3% | 19.3% | 116 |
SCOUT Leaderboard: Dominican Winter League Hitters (Prospects)
Here is the SCOUT batting leaderboard for the Dominican Winter League, but only populated with players who are 25 or under — i.e. something more like “prospect” age relative to the league.
Player | Team | Age | Pos | PA | xHR% | xBB% | xK% | SCOUT+ |
---|---|---|---|---|---|---|---|---|
Nelson Perez | Cubs | 24 | OF | 104 | 2.5% | 18.1% | 23.8% | 124 |
Jordany Valdespin | Mets | 24 | 2B | 98 | 2.2% | 12.4% | 15.2% | 120 |
Miguel Sano | Twins | 19 | 3B | 49 | 2.9% | 11.3% | 19.3% | 116 |
Wilin Rosario | Rockies | 23 | C | 40 | 2.6% | 11.2% | 17.8% | 116 |
Oscar Taveras | Cardinals | 20 | OF | 158 | 2.2% | 9.0% | 13.3% | 114 |
Moises Sierra | Blue Jays | 23 | OF | 158 | 2.5% | 10.5% | 18.4% | 112 |
Yan Gomes | Blue Jays | 24 | OF | 64 | 2.8% | 9.0% | 19.5% | 108 |
Arismendy Alcantara | Cubs | 20 | SS | 16 | 2.1% | 10.8% | 18.1% | 108 |
Juan Francisco | Braves | 25 | 3B | 136 | 4.0% | 8.6% | 26.4% | 108 |
Kole Calhoun | Angels | 24 | OF | 83 | 2.3% | 11.1% | 20.4% | 107 |
SCOUT Leaderboard: Dominican Winter League Pitchers
Below is the current SCOUT pitching leaderboard for the Dominican Winter League. SCOUT- is calculated using regressed strikeout and walk rates where 100 is average and below 100 is above average.
Player | Team | Age | G | GS | IP | TBF | xK% | xBB% | SCOUT- |
---|---|---|---|---|---|---|---|---|---|
Erick Abreu | Astros | 28 | 20 | 0 | 30.1 | 114 | 28.4% | 8.9% | 71 |
Kyler Newby | Orioles | 27 | 7 | 7 | 31.0 | 128 | 27.4% | 9.2% | 75 |
Tony Pena | Red Sox | 31 | 17 | 0 | 20.2 | 82 | 26.4% | 9.1% | 77 |
Johan Yan | Rangers | 27 | 20 | 0 | 15.2 | 65 | 25.8% | 9.3% | 80 |
Samuel Deduno | Twins | 28 | 5 | 4 | 20.2 | 83 | 25.6% | 9.6% | 81 |
Dustin Richardson | IND | 28 | 17 | 1 | 16.0 | 66 | 24.3% | 9.1% | 83 |
Kelvin De La Cruz | Tigers | 23 | 11 | 1 | 15.1 | 68 | 24.0% | 9.3% | 84 |
Fabio Castro | Athletics | 27 | 11 | 9 | 38.1 | 166 | 23.5% | 8.9% | 85 |
Jose De Paula | Padres | 22 | 12 | 6 | 33.0 | 142 | 22.3% | 8.8% | 88 |
Danny Salazar | Indians | 22 | 5 | 3 | 14.0 | 58 | 22.6% | 9.1% | 88 |
SCOUT Leaderboard: Dominican Winter League Pitchers (Starters)
Here is the SCOUT pitching leaderboard for the Dominican Winter League, but only populated with pitchers who’ve made at least half of their appearances as starts.
Player | Team | Age | G | GS | IP | TBF | xK% | xBB% | SCOUT- |
---|---|---|---|---|---|---|---|---|---|
Kyler Newby | Orioles | 27 | 7 | 7 | 31.0 | 128 | 27.4% | 9.2% | 75 |
Samuel Deduno | Twins | 28 | 5 | 4 | 20.2 | 83 | 25.6% | 9.6% | 81 |
Fabio Castro | Athletics | 27 | 11 | 9 | 38.1 | 166 | 23.5% | 8.9% | 85 |
Jose De Paula | Padres | 22 | 12 | 6 | 33.0 | 142 | 22.3% | 8.8% | 88 |
Danny Salazar | Indians | 22 | 5 | 3 | 14.0 | 58 | 22.6% | 9.1% | 88 |
Esmil Rogers | Indians | 26 | 2 | 2 | 8.0 | 31 | 21.9% | 9.0% | 89 |
Josh Outman | Rockies | 27 | 6 | 6 | 25.2 | 111 | 22.1% | 9.5% | 90 |
Aneury Rodriguez | Astros | 24 | 8 | 8 | 32.0 | 135 | 21.2% | 8.5% | 90 |
Randall Delgado | Braves | 22 | 7 | 6 | 26.2 | 115 | 21.7% | 9.2% | 91 |
Stolmy Pimentel | Red Sox | 22 | 8 | 6 | 23.0 | 101 | 21.3% | 8.9% | 91 |
Carson Cistulli has published a book of aphorisms called Spirited Ejaculations of a New Enthusiast.
This is beyond me, but presumably someone could convert those odds into a win-loss projection, right? That shouldn’t be too hard?
I rather think it might be, when you start taking wildcards and so on into consideration: for example the Tigers might reasonably be expected to win fewer games than Texas but still be a shorter price for the WS.
You’re asking to reverse-engineer the process; what odds-makers should be doing is starting with W/L records and working it out from there.
I’ll have a go, though…
Yes, you can convert it. And yes, it will be hard if you want to create a formula for it. Easy if all you want to do is spit-ball it.
vr, Xei