The 2009 Big East Basketball Tournament (for tickets check out the Guy Store) is about to tip off along with the Big 10, ACC, SEC, and other major conferences. The dopey gambler will fall prey to one of the single dumbest blunders that keep the sportsbooks thriving.

So often we warn gamblers about the mortal sin of using inductive rather than deductive reasoning. The quintessence of that is the rapid circulation of the insipid illogic of “all you have to do is pick the straight up winner of a game and chances are you will have the spread winner.” It’s always followed by some stat where the outright winner has covered 80 percent of the time.  Dah.

When an underdog wins they cover 100 percent of the time.  The favorite cannot cover unless they win outright.  It’s impossible.  The only scenario in which a team can win and not cover is when the favorite wins but by a smaller margin than the spread. 

Not shockingly the numbnuts who perpetuate unscientific preposterousness almost always quote stats relevant to the NBA or NFL.  In college sports there are more mismatches and hence larger spreads where the margin is larger for a favorite to win and not cover.

If a team is a 3.5 point favorite the only way the team that wins will not cover is for the favorite to win by one, two or three points. Any other result will have the team that wins covering.  At what percentage do these half-wits think a team should win and not cover?

Obviously the stupidity of this widely circulated inductive blather can be refuted from now until eternity.  Or at least until an underdog wins but fails to cover, whichever comes last.  But to those who subscribe to it as if there is any logic, thanks for keeping the books in business for the rest of us.

Since the prevailing premise behind this urban myth is “it’s so much easier to pick the SU winner than the spread winner” why don’t these fancied geniuses just pick dog winner after dog winner on the moneyline?

There are plenty of underdogs that win outright, many huge dogs in fact.  If one wants to postulate how much easier it is to pick the SU winner, why waste such foreknowledge on collecting $100 for every $110 risked?  Just keep picking those 250 dogs and get your money’s worth.

I don’t want to ruin this fool’s gold with such a logical question, but like I keep saying, I guess those pipe dreamers are needed to keep the books in business for the rest of us.  

No oddsmaker will go broke underestimating the intelligence of the betting public.

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