Betting NCAA Conference Tournaments
You Better You Bet
Audacy
4.8 • 1.3K Ratings
🗓️ 28 February 2023
⏱️ 6 minutes
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| 0:00.0 | You better you bet with Nick and Ken here on this terrific Tuesday talking the NBA and I'll talk some college basketball |
| 0:05.8 | Ken we can talk about some results from last night bail or being a Oklahoma State North Carolina beating Florida State |
| 0:10.5 | Let's give a quick primer though with conference tournament play underway with the Atlantic Sun on Monday night producing some pretty like like fun |
| 0:16.5 | Results at the end of games here. Can how do bet conference tournaments in college basketball? |
| 0:21.2 | Yeah, so I just you know, I don't think there's gonna be like a million dollar bed in here |
| 0:25.2 | Maybe even not a million dollar piece of advice, but just |
| 0:28.0 | Maybe understand how the market is created for the tournament itself and then once you know that |
| 0:32.5 | Try to think about how you're you could find a valuable bet. That's different. So here's what I mean |
| 0:37.5 | You're gonna look at the board |
| 0:38.8 | You're gonna see all the teams listed to win their conference tournament |
| 0:41.3 | But to the ACC here's Virginia and here's North Carolina. Here's Duke. Here's Miami all these teams with prices next to them |
| 0:47.0 | Those prices are essentially determined |
| 0:49.8 | Basically, you know, a tournament is like a like a closed system |
| 0:54.0 | I think I'm using that correctly. We're like all the outcome all the possibilities are known |
| 0:57.5 | We know who's gonna play who we know what percentage of the time the quarter is gonna be these teams what percentage of the time the semifinal is gonna be like |
| 1:05.2 | It's all known as opposed to think about the start of an NFL season |
| 1:09.1 | We don't have any clue who's making the playoffs. So the price is kind of float |
| 1:12.3 | They're just kind of random because we don't know who's making it yet |
| 1:14.7 | And we don't know what the path are we know the path here for every team |
| 1:17.6 | So the price in the futures market is just like a simulated tournament |
| 1:21.6 | This team's gonna win about this much of the time using like kind of the rating for each team |
| 1:25.9 | So if it's just like, you know, a pretty smart way to do it. Okay, like how could how could turn how could you find a valuable bet |
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