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PostPosted: Wed Oct 01, 2014 8:08 am 
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rogers park bryan wrote:
Boilermaker Rick wrote:
http://regressing.deadspin.com/chart-how-sabermetric-mlb-forecasts-stacked-up-against-1640931998/all

Look how absolutely terrible about half the predictions are.

From what I can tell, it looks like 3 picks were spot on with a few others being pretty close.

Looks like the Saber side is a lot closer than Vegas overall.
Both were pretty bad though, but Vegas is not trying to predict actual results.

Quote:
While Fan Graphs and Davenport appeared to outperform its competitors and boasted slightly lower average errors (MSE, MAE) than sportsbooks, betting each team according to both Fan Graph’s and Davenport predicted totals would have finished just 13-17. In general, the number predicted by sportsbooks finished closer to the eventual win totals.

In summary, it’s pretty amazing that not a single one of the nine prediction methods I used was able to finish with an overall record above 0.500.

Lastly, I plotted the predicted and observed win totals, using both sportsbook predictions (abbreviated as “Las Vegas Prediction”) and the ensemble method (the average of the first four sabermetrics/statistics sites above, listed as “Steadheads Prediction.”)


This just goes to show you that the most correct answer does not mean the right answer.

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PostPosted: Wed Oct 01, 2014 8:40 am 
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as stated in different ways, Las Vegas measures success in its predictions much differently. Being off by a lot may actually BENEFIT them towards achieving their goal.

As an example, say they put a public favorite team at a modest win total and public money jumped on the over while the under was the obvious play to those who pay attention.

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PostPosted: Thu Oct 09, 2014 9:19 am 
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Babe Ruth was the original anti-sabermite!

"Yesterday’s home runs don’t win today’s games."

-- Babe Ruth


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