Vagaries and Variance
As I write this, the White Sox and Royals are in extra innings because KC closer Joakim Soria allowed four runs to Chicago after recording the first two outs easily in the top of the 9th.
The following discussion took place between the befuddled Royals announcers:
Announcer 1: What are the odds in Vegas that this game would still be going?
Announcer 2: There were 2 outs in the inning. I’m still trying to wrap my head around it.
By just taking a quick glance at the Win Probability Graph, I’d argue it was probably off the board. No one would even bother betting on something like this. But with 2,500 games a season, at least a team or two will convert on a 1000/1 chance throughout the season. We shouldn’t be surprised by this because weird and unlikely things happen in baseball all the time, but we are and can’t process such unlikely outcomes.
As anyone who has gambled for a non-trivial length of time can attest, these streaks can last for days or weeks at a time. Here’s a lengthy Royals example from 2000
The Royals began the 2000 season with a respectable 4-3 record, and then things got crazy. In the last game of a four-game set with the Twins, the Royals held a 5-3 lead going into the ninth. This was back in the days when the Royals thought that closers were born, not made, and so they had paid real U.S. legal tender to Ricky Bottalico to be their closer. On this day, naturally, Bottalico blew the two-run lead in the ninth. (The Royals learned their lesson so well that after the season, they made Roberto Hernandez the focal point of the trade return they got for Johnny Damon.)
But then something funny happened. Damon led off the bottom of the ninth with a home run, and the Royals won, 6-5. The next night, the Orioles came to town; the Royals erased a 5-2 lead with three runs in the eighth, and after both teams struggled to score a putaway run, the Royals finally broke through in the bottom of the 12th, when with one out and Joe Randa on first base, backup catcher Brian Johnson went deep.
And then the next night, the Orioles held a 6-0 lead going into the bottom of the seventh, when the Royals broke through for four runs. The score remained 6-4 until the bottom of the ninth, when Gregg Zaun walked, Mark Quinn doubled to put two runners in scoring position…and Rey Sanchez lofted a flyball that snuck inside the fair pole in left field, prompting Denny Mathews to semi-famously exclaim “What is going on?” The Royals had won three straight games on a walk-off homer. In fact, these three games – I’m not making this up – are what brought the phrase “walk-off” into the national baseball lexicon. The term had been around for years – Dennis Eckersley originated it, I believe, calling it “a walk-off piece” when Kirk Gibson hit a particular home run off of him – but after these three games, ESPN.com started using the term to describe what the Royals had done, and the term has been with us ever since.
The next night, after Bottalico blew another save in the ninth, the Royals didn’t end it with a homer. No, with two out and one on in the bottom of the inning, Carlos Beltran ended the game with a lousy single. Four straight walk-off wins, three on a homer, and the Royals were 8-3 and tied for first place. They were the talk of baseball as they headed out on a nine-game road trip.
They lost all nine games.
In Monday’s Championship game, Butler had their worst scoring game since 2004 and the worst 2 point shooting percentage of any team in all of D1 for a game this season (via Ken Pomeroy). It’s unlucky for Butler that this happened with millions of people watching as opposed to away to Cleveland St., and it’s unlucky for it to happen to any one team in particular. With enough games, these vagaries balance themselves out to a degree which is what led Billy Beane to utter his semi-famous quip about the baseball playoffs being a crapshoot. Unlikely things will happen in any given game, and outside of a player or team’s baseline skill level, we’re powerless to do much about it.
This is what’s led me into futures becoming far and away the highest proportion of my gambling action. Assuming you don’t have any inside information, you’re usually looking at extremely small edges also assuming you’re on the right side of the game to begin with. With futures, the odds can be extremely favorable, moreso than any other gambling opportunity available.
The only reason the Red Sox losing four in a row is particularly notable is that it’s happened in the first four games of the season. Just like Butler, with lots of eyes and no where to hide, everything looks worse than it probably is in reality. Even if that reality involves scoring seven runs in five games. Over the next couple of days or weeks, I’ll be looking for opportunities to gamble on players or teams that are under/overperforming to start the season. It’s still a little too early to see any lines move very much, and it’s way too early to start grading our futures bets.
That said, Go Astros?
