Dave Cokin
Bonus Plays Monday
OHIO STATE vs. OREGON Monday, Jan. 12, 2015 (ESPN, 8:30 p.m. ET)
Venue: AT&T Stadium Location: Arlington, Texas
Here’s what I’ll be doing on tonight’s first ever true college football championship game.
OREGON -200 Money Line
OHIO STATE +6.5
My game prediction for the Las Vegas Review Journal survey conducted by Matt Youmans was Oregon 38-35. That’s just a guess, but it’s also a hope as well, as I’d sure like to see a great game.
As for the wager on the game, I could not come up with what I considered to be a solid take. My rankings have Ohio State ahead of Oregon (note that I was higher on the Buckeyes than just about anyone all season, as far as I know). But the math breakdown I utilize for individual matchups came up with Oregon by a TD. Welcome to coin flipville.
I decided to work on the premise that this has a very good chance to be a close football game. And that gives me an opportunity to gamble a bit and try and nail two winners.
We’re seeing what is the norm on Super Bowl-type game events. The amateurs who like the underdog are ignoring the points and flooding the market with Ohio State money line. As a result, that price is lower than it would usually be considering the current spread. The actual expected price (not the true right price, but the expected price) is about -245. So on that basis, -200 is not too shabby. (There’s better than -200 available if you shop, by the way.)
I can also take nearly a TD now with Ohio State, and based on the way the line has started to move in the last couple hours, I think it’s possible this gets all the way back to +7. So I’m waiting on the spread wager and might hold off till close to post time based on the way the chalk skyrocketed this weekend on two of the NFL games. But I have already played the Oregon ML.
The breakdown is simple enough. If Oregon wins by more than the number, I’ll win my money line bet and lose the spread wager. That’s a wash, no damage done.
If Ohio State wins outright, I’m out one unit as I’ll win the spread but lose the Ducks ML play.
But if Oregon wins by less than whatever the final spread happens to be, I’m cashing both tickets and collecting two units.
I don’t recommend this as a regular modus operandi. But I’ve done this in some Super Bowls where I felt the lower than usual money line justified it and I also thought there was a really decent chance it would be a close game. And that’s what I’ll be doing tonight as the Buckeyes and Ducks duel for the marbles.