What Would Wall Street Do: The NFL Gambling Power Ranks
The Oakland Raiders are 4-8. They are in the woeful AFC West. And they are in the top half of teams in the league. At least so say the Gambling Rankings, my new moniker for the financial rankings. Here are the overall rankings:
So the big surprises: Oakland in the top ten, Tennessee on the bottom, and Jacksonville is almost mediocre. Wha?
First, it's important to understand how the rankings are made. These rankings measure a combination of Sharpe and alpha. After last week's Sharpe tweaks, these metrics are derived as follows:
- Sharpe measures how much a team outperforms its expected spread, and how consistently it does so. Basically, it is a measure of how much better a team is than it's statistics. This is weighted as 80% of the rankings.
- Alpha measures a team's points scored to statistical score ratio, and the consistent level of that ratio. It indicates that, while on paper a team may seem good, their week to week output may not be consistently high. This is weighted as 20% of the rankings.
|PASS YDS||PASS YDS|
|RUSH YDS||RUSH YDS|
(stats courtesy of NFL.com)
In fact, they make the top 10 for Alpha and Beta (volatility)!
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