Wednesday, January 15, 2014

To Hell with the Underdog



Much has been made this week about the four teams remaining being the four favorites heading into the season. For those of you who have missed it, here were the Super Bowl odds of the top four teams coming into this regular season.

Denver Broncos +600
San Francisco 49ers +700
Seattle Seahawks +800
New England Patriots +850

All odds were gathered from sportsoddshistory.com. For those of you who don’t know, these odds indicate how much they would pay off if you were to wager $100. For example, odds of +600 would pay off with $600 dollars in addition to getting your original wager back.

Now I normally don’t care about gambling, but in this case the preseason odds give us a good idea of how teams were perceived prior to the season. And really, the results of this season shouldn’t be surprising. The people who make these odds are professionals who spend their lives studying football teams and trends. They should be able to correctly identify the top teams prior to the season.

I looked back through the preseason odds in recent years, checking how each team fared based on their projections. As you will see, this year is a surprising outlier. More often than not, the preseason projections only vaguely mirror the eventual results of the season.

2012
Green Bay Packers +600                   Divisional Round
New England Patriots +600                Championship Round
Houston Texans +1000                      Divisional Round
Philadelphia Eagles +1100                 Missed Playoffs
8: Baltimore Ravens +1800

The Packers were coming off a 15-1 season, and the Patriots had been to the Super Bowl the year before. Neither team was a surprise as co-favorite, and neither team really disappointed. The Packers grabbed the 3 seed and made it to the Divisional Round before being run over by Colin Kaepernick. The Patriots were the 2 seed in the AFC, and they defeated fellow favorite Houston to make it to the Championship game, where they fell to the eventual champions. The big miss here was Philadelphia, who suffered a catastrophic collapse after a strong start and ended up with the fourth selection in the draft.

Coming from the eighth spot, the Ravens were hardly an underdog. They made the playoffs as they had each of the previous five seasons, but they surprised by going on a winning streak thanks to a tremendous run by Joe Flacco. Before the season no one thought he was capable of such a performance, which is why their odds were not better.


2011
New England Patriots +500                Super Bowl
Green Bay Packers +650                   Divisional Round
Philadelphia Eagles +800                   Missed Playoffs
San Diego Chargers +1000                 Missed Playoffs
12: New York Giants +2200

The favored Patriots made it to the Super Bowl, something that you will see is incredibly rare. They lost in that game, but the projection was hardly inaccurate. The Packers only made it to the Divisional Round, but they finished the regular season with the best record in the NFL. The two misses were Philadelphia, who finished a game outside of the playoffs despite a late season surge, and San Diego, who finished tied for the division lead but lost due to tiebreakers to the utter insanity that was Tim Tebow.

The Giants beat the Cowboys in the last week of the season to earn the playoff spot, and everyone knows what happened from there. Eli Manning pulled together another classic playoff performance and led the team to another upset of the Patriots. At the time, though, there was no reason to believe Eli’s first run was anything other than a one time occurrence. This wasn’t a particularly strong team across the board, and there was nothing ridiculous about giving them such long odds.


2010
Indianapolis Colts +800                      Wild Card Round
New Orleans Saints +1000                 Wild Card Round
San Diego Chargers +1000                 Missed Playoffs
Dallas Cowboys +1000                       Missed Playoffs
5: Green Bay Packers +1100

If you look just at the top four this is the worst set of results in recent years, though credit has to be given for the fifth seeded Packers eventually winning the Super Bowl. The Colts won their division but were not able to win a first round bye. They lost to the Jets in the first round of the playoffs thanks in part to a blunder by Jim Caldwell (have fun, Detroit.) The Saints looked to be in good position after earning the Wild Card, but they lost in the infamous Marshawn Lynch game against a 7-9 Seahawks team. The Chargers fell a game short of the surprising (and still perplexing) Chiefs, and the Cowboys finished at a miserable 6-10, earning a top ten selection.

But as I mentioned above, the team with the fifth best odds managed to win the title. The Packers were coming off of a strong 2009 performance in which Aaron Rodgers proved he was everything they had hoped he would be when they cast Brett Favre aside. They had a good mix of young and old talent on their defense. Questions about their running game and the sustainability of Rodgers’ success were enough to push them out of the top four, but I think the oddsmakers deserve praise for recognizing how good this team was.


2009
New England Patriots +450                Wild Card Round
Pittsburgh Steelers +1000                 Missed Playoffs
San Diego Chargers +1000                Divisional Round
New York Giants +1200                     Missed Playoffs
10: New Orleans Saints +2000

This season wasn’t much better. The best result came from the Chargers, who earned a first round bye but lost in their first playoff game to the Jets. The Patriots fell to Baltimore in the Wild Card Round, and the other two failed to make the playoffs. The Steelers were defending Super Bowl Champions but missed out due to a tiebreaker. The Giants were probably overrated, especially when you consider their 1-4 finish to the 2008 season, and they could only manage an 8-8 record.

The Saints were a surprise to everyone, and the oddsmakers have to be given credit for having them ranked as high as they did. New Orleans had finished 2008 in last place in their division despite having the fourth best point differential in the NFC. They rebounded remarkably in 2009, winning their first thirteen and clinching the top seed in the NFC. From there it only took a blowout of the Cardinals, and gift from Brett Favre (sob), and a brilliant piece of coaching from Sean Payton to win the Super Bowl and fulfill all the unrealized promise their roster had.


2008
New England Patriots +350                 Missed Playoffs
Dallas Cowboys +600                         Missed Playoffs
San Diego Chargers +700                   Divisional Round
Indianapolis Colts +750                      Wild Card Round
8: Pittsburgh Steelers +1800

There was every reason for the Patriots to be overwhelming favorites. They had won their first 18 games the previous season, only to fall short in the Super Bowl. They were bringing back pretty much everyone, and they looked poised for another run until Tom Brady tore his ACL in the first game of the season. Even without him they went 11-5, but that wasn’t good enough to earn them a playoff spot. The Cowboys also finished above .500, but they missed out on the playoffs thanks to a humiliating loss in Week 17 that started a trend that has continued to this day. The Colts and the Chargers faced off in the first round of the playoffs, and the Chargers won thanks to the brilliance of their punter Mike Scifres (only partially joking. He was incredible.) They were unable to knock off the Steelers in the Divisional Round.

The Steelers were coming off a playoff season that had ended with a disappointing loss in the Wild Card Round to the Jaguars. But the core of this team was still very similar to the one that had been crowned champions three seasons earlier. Their preseason ranking didn’t account for the emergence of James Harrison as a dominant force, jumping from a solid starter to NFL Defensive Player of the Year. Had the oddsmakers realized they had such a dangerous pass rusher, this might have been enough to bump them up a couple spots.


2007
New England Patriots +250                 Super Bowl
San Diego Chargers +600                   Championship Round
Indianapolis Colts +800                       Divisional Round
Chicago Bears +1400                         Missed Playoffs
16: New York Giants +3000

The Patriots were dominant during the 2007 season in every facet of the game, but  their +250 odds before the season still seem insane. Though I do understand where the oddsmakers were coming from. At this time Brady had just established himself as an elite quarterback, and during the offseason they added Randy Moss and Wes Welker to his receiving corps. The other teams were similarly impressive. The Colts were coming off a Super Bowl run, and the Chargers were in the midst of their run with a core of Rivers, Tomlinson, and Gates. Both advanced deep into the playoffs, but this was the Patriots’ year in the AFC. The Bears were the defending NFC Champions playing in a weak division, but they fell apart due to issues at the quarterback position and the regrettable decision to part ways with Thomas Jones in favor of Cedric Benson.

The Giants came out of nowhere, both at the beginning of the season and in the playoffs. The rode a hot finish to the season through the playoffs. Coming into this season there was no reason to believe Eli Manning was anything other than a mediocre quarterback, and his performance through most of the regular season matched what he had done through his career to that point. But he made his name with a league leading six game winning drives, a reputation that has clung to him to this day.


2006
Indianapolis Colts +600                      Super Bowl Champions
New England Patriots +800                Championship Round
Seattle Seahawks +1000                   Divisional Round
Denver Broncos +1200                       Missed Playoffs

Finally!!! The oddsmakers actually got this one right! Not only did they list the ultimate champion among their top four, they had them sitting in the number one spot. The Colts were in the midst of their run of dominant regular seasons, but they had consistently fallen short in the playoffs. The oddsmakers correctly recognized that playoff success can be fickle, and they did not penalize Indianapolis for the results of a handful of games.

The rest of this list doesn’t look too bad either. The Patriots made it to the Championship Round only to lose to the Colts thanks to a stunning comeback. It may not have seemed a bold projection to give the defending NFC Champion Seahawks the third best odds, but this came at the end of a stretch in which the past five Super Bowl runners up had failed to make the playoffs the following season. The oddsmakers ignored this statistical quirk, and they were paid off with a Divisional Round run by Seattle. But even in this successful year, they missed on their projection of the Broncos. After losing in the AFC Championship game the previous season, Denver missed out on the playoffs due to losses in five of their last seven games.


In the past seven seasons the oddsmakers identified three Super Bowl participants and only one winner among their top four. At least one of the top four missed the playoffs each year, and on two occasions the four teams combined to win zero playoff games. But this isn’t intended as a criticism of the oddsmakers. It is just the nature of a single elimination tournament following a sixteen game season to produce somewhat random results.

So why is this year different? Were these four teams just that much better than everyone else in the league? If you look at the results from this season, it’s hard to disagree with that assessment. These teams produced four of the best five records in the league (Carolina tied San Francisco and New England at 12-4) and three of them managed a first round bye. That certainly made the road to the Championship Round easier for them. Even San Francisco was favored in both of their playoff games.

This brings me to my next point: a surprising lack of upsets. Last weekend was the first time since 2004 that a Divisional Round passed without an upset. Upsets are usually the result of unfortunate matchups or random circumstance. This year all four teams were faced with favorable opponents, and the randomness did not rear its ugly head. As good as these teams are, they are all beatable in the right circumstances. They have just been fortunate to avoid those circumstances to this point.

Another problem that derailed favored teams was injuries. The 2007 Bears, 2008 Patriots, and 2011 Eagles are all examples of this. And while none of these teams lost a player as valuable as a quarterback, it is hard to say they have stayed perfectly healthy. The 49ers missed Michael Crabtree and Aldon Smith (for a non-injury concern) for long portions of the season. The Seahawks had to play without Russell Okung and Brandon Browner. The Broncos are now without Von Miller, Derek Wolfe, and Chris Harris, maybe their three best defensive players. And the Patriots currently have more than $20 million of their salary cap on injured reserve. No team has suffered more devastating injuries than the Patriots.

But despite these injuries, these teams are still the final four left alive. And that comes down to the most underrated parts of these teams: coaching. In past years, teams have faltered behind Norv Turner and Jim Caldwell, Wade Philips and Jason Garrett. A good coach helps a talented team overcome obstacles put in its way, and these teams all have very good coaches. Bill Belichick is already a legend, and it can be argued he has done his best job this season with a roster put together of unwanted castoffs. Jim Harbaugh is right there with Belichick as one of the three best coaches in the league. John Fox has taken a team quarterbacked by Jake Delhomme to the Super Bowl and another quarterbacked by Tim Tebow to the playoffs. He has his problems, getting far too conservative at times, but he is smart enough to stay out of Peyton Manning’s way. And Pete Carroll deserves all the credit in the world for the success of the Seahawks. This team is successful because of what he has done recognizing and developing mid round talent into elite players.

These four teams were considered the best at the beginning of the year, and they are they have been the best throughout the regular season. Part of their success is due to luck, but most of it is thanks to the fantastic talent on these rosters. For those of you who are interested, here are their odds heading into the Championship Round.

Seattle Seahawks +170
Denver Broncos +200
San Francisco 49ers +350
New England Patriots +500

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