Say you’re an obsessive college football neckbeard who buys Phil Steele’s magazine in June. Hey a wait a minute, thats me! Ok, lets say you’re also the type of fan who looks to put a little money on some of these games. Whoa, again, thats me.
Alright, so how do you go about condenscing all the information and theories Steele weaves together and mine enough winners to net a profit? What’s the point of rushing to the bookstore the day the “most accurate preseason magazine the last 10 years” hits hte stands if you cant use it to win money?
One thing I do is focus on his most improved teams. Typically this is a list of 20 or so teams that he thinks will make a significant, important leap in the standings. According to Steele, virtually all of the teams that has made list since he’s been doing it have equalled or improved their record from the last season. Most striking is that 136 teams on his MIT lists failed to have a winning season the previous season, yet 84 of them (just a shade shy of two out of every three) notched bowl eligibility. With that kind of nose for surprise and off the radar teams, there’s got to be plenty of ways to use that information to your advantage.
One would be to take a look at season win totals and bet the Over on teams from Steele’s list. That strategy looks good on paper, but it has some flaws. A lot of these teams are non-BCS clubs and it’s hard to find places with win totals on those teams. So, you effectively eliminate half his list as possible profit turners.
The other problem arises with teams on his list like UCLA and Michigan. The Bruins won four games last year, but their win total mark was set at 6.5 The step required for Michigan to go over is wider. After a 3-win season, Michigan O/U mark is set at 7. However, there is plenty of room for both these schools to get checked in the win column for Steele’s MIT list, but still lose any Over bet wagered.
Instead, I like to keep this list handy at all times (mostly, so I dont forget who is on it) and bet on these teams when they are catching points. In the last three years, underdogs on this list have gone 223-189-11 with three straight winning records. Those numbers in sequence dont look all that sexy, but this adds up to 55 percent winners. If you’re betting $100 a game and win 55 out of 100 bets, you will be clearing $500 in profit. Thats not too shabby.
With those numbers, you can pretty much go ahead and bet these teams on the blind every time they appear on the board, add them to your weekly card and over the long haul of the season, they will add to whatever profit you have already been otherwise making. I’m also confident that the previous sample size mixed with ongoing evidence from the 2009 season will reveal plays with a higher historical success rate than 55 percent that will evolve into something akin to a best play. So we’ll keep digging into these numbers and update accordingly. Read more »

