Opening Day is almost upon us, and that means it's time for the most important projection system to release its predictions.
I'm not talking about Bill James or CHONE or ZIPS—I'm referring, of course, to the Las Vegas over-under odds for how many games each team will win in the 2011 season.
Looking at the standards they've set to bet against, one thing is clear: Whoever put these together didn't do his or her homework.
A smart investor could easily take advantage of a number of inefficiencies in this market.
In other words, some of these over-under decisions are so obvious that betting on them would be like counting cards or rolling loaded dice.