Props and Pivots: NFL Week 2

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In daily fantasy, our goal should always be to have as much information as possible when making a decision. One thing I’ve noticed over the last few NFL seasons is that newer players aren’t fully utilizing player props. In articles across the industry, you’ll hear analysts state that a high over/under is a reason why you want heavy exposure to a certain game. Just because a lot of points will be scored in a game doesn’t mean that every player in that game will score a lot of fantasy points.

Around the middle of last season, I discovered the reason player props aren’t being fully utilized in DFS. The reason is simple: Vegas does not post player props until Sunday morning. That’s far too late for many props to be included in things like the NFL Grind Down here on RotoGrinders. This is a huge advantage for those of us still making our decisions Sunday morning. What I’m going to do in this article is explain how to break down the implied probability of a prop. We’ll then look at some “chalk options” and whether or not Vegas thinks they are worth it. Finally, we’ll seek out some “pivots” where Vegas expects a lower-owned player to do just as good as the chalk option.

Before we dive into the player props, let’s do a quick primer to catch everyone up on betting terminology. With player prop bets, you will see two numbers. One is the odds for the over, and the other is the under. What do those numbers mean? Quite simply, they are the amount of money you would need to bet in order to win $100. For a line that reads -115, you would need to bet $115 to win $100. If you win the bet, you would collect your $115 back plus $100 profit. If the line is +115 then you need to bet $100 to win $115 (you would collect your original $100 plus $115 for a total of $215).

Now that we understand what the lines mean, let’s talk about how Vegas makes money. The best way to look at Vegas is as a market. Ideally, Vegas wants to set a line that gets equal amounts of action on each side. Imagine a line is -115 on both sides. Now imagine that you placed a $115 bet on each side (please don’t do this). As long as the bet doesn’t “push”, one of your tickets will win $115 back plus $100 profit. This would result in a $5 loss on your original $230 investment. That $5 is known as the “vig” or “rake.”

Alright, now that we understand how Vegas makes money, let’s talk about what the lines mean. As I mentioned above, Vegas tries to set lines that are as accurate as possible in order to create an efficient market. Basically, Vegas would love to connect two people who want to bet against each other while Vegas collects the vig. Betting lines aren’t just drawn out of a hat, though. Several factors go into them. For the purpose of this article, I’m not concerned with how the lines are set. I simply want to know what they mean. Every line can be converted back to its original probability using a very simple formula.

The formula for converting a negative moneyline is as follows: ( -(moneyline) ) / ( – ( minus moneyline odds ) ) +100 ). I hope I didn’t lose you there. Let’s do one real fast using a -125 line.

(-(-125))/(( -(-125))+100
=125/225
=0.556
=55.6%

Vegas thinks that an event with a -125 line is likely to happen 55.6% of the time. How about an event with a positive moneyline? That’s an even simpler formula. It is just 100/(plus moneyline odds + 100). Let’s try it real fast with a line of +115.

=100/115+100
=100/215
=0.4651
=46.5%

If Vegas sets a line at +115, they think that it will happen 46.5% of the time. Real quick, before some of you leave an argumentative comment, I realize that adding up the two sides of any bet will result in roughly 105%. The method I described above is the industry standard. If you don’t agree with it please don’t shoot the messenger. The extra percentage is because of the vig.

Also, I realize that props have a rather low maximum bet so they are not always the sharpest lines. Please don’t use this article as your only piece of research. Props are one thing to look at but they shouldn’t be the only thing. With that in mind, let’s move into the meat and potatoes of this article.

Quarterbacks

Player PaYDs Odds Implied% PaTDs Odds Implied% DK/FD
Ryan Tannehill 250.5 -125 55.6% 1.5 155 39.2% 16.0
Jimmy Garoppolo 265.5 -115 53.5% 1.5 -140 58.3% 16.6
Drew Brees 325.5 -130 56.5% 2.5 120 45.5% 23.0
Eli Manning 295.5 -115 53.5% 2.5 145 40.8% 21.8
Kirk Cousins 280.5 -115 53.5% 1.5 -150 60.0% 17.2
Dak Prescott 225.5 -115 53.5% 1.5 145 40.8% 15.0
Blaine Gabbert 220.5 -115 53.5% 1.5 145 40.8% 14.8
Cam Newton 250.5 -115 53.5% 1.5 -175 63.6% 16.0
Andy Dalton 240.5 -115 53.5% 1.5 -150 60.0% 15.6
Ben Roethlisberger 290.5 -125 55.6% 2.5 135 42.6% 21.6
Joe Flacco 255.5 -115 53.5% 1.5 -150 60.0% 16.2
Josh McCown 225.5 -125 55.6% 1.5 135 42.6% 15.0
Marcus Mariota 240.5 -115 53.5% 1.5 100 50.0% 15.6
Matthew Stafford 285.5 -115 53.5% 2 100 50.0% 19.4
Brock Osweiler 235.5 -115 53.5% 1.5 -115 53.5% 15.4
Alex Smith 229.5 -115 53.5% 1.5 120 45.5% 15.2
Russell Wilson 240.5 -115 53.5% 0 0 0.0% 9.6
Carson Palmer 289.5 -115 53.5% 2 -150 60.0% 19.6
Andrew Luck 260.5 -125 55.6% 1.5 -150 60.0% 16.4
Jameis Winston 235.5 -115 53.5% 1.5 -115 53.5% 15.4
Trevor Siemian 240.5 -115 53.5% 1.5 -115 53.5% 15.6
Matt Ryan 279.5 -115 53.5% 1.5 -165 62.3% 17.2
Derek Carr 285.5 -115 53.5% 2 100 50.0% 19.4
Blake Bortles 255.5 -115 53.5% 0 0 0.0% 10.2
Sam Bradford 225.5 -115 53.5% 0 0 0.0% 9.0

Props: As expected Drew Brees and Eli Manning grade out as the highest projected options.

Pivots: Right behind Manning and Brees are some sneaky options in Roethlisberger, Palmer, and Carr. Cam Newton would also grade out at the top if I included his rushing yardage prop of 40 yards.

Running Backs

Player RuYDs Odds Implied% RuTDs Odds Implied% DK/FD
Arian Foster 60.5 -115 53.5% 1 150 40.0% 12.1
LeGarrette Blount 62.5 -115 53.5% 1 -110 52.4% 12.3
James White 45.5 -115 53.5% 1 250 28.6% 10.6
Mark Ingram 65.5 -115 53.5% 1 -110 52.4% 12.6
Rashad Jennings 67.5 -115 53.5% 1 -125 55.6% 12.8
Ezekiel Elliott 75.5 -115 53.5% 1 -125 55.6% 13.6
Jonathan Stewart 57.5 -125 55.6% 1 -115 53.5% 11.8
Jeremy Hill 45.5 -115 53.5% 1 125 44.4% 10.6
DeAngelo Williams 85.5 -115 53.5% 1 -120 54.5% 14.6
Giovani Bernard 50.5 -115 53.5% 1 225 30.8% 11.1
Isaiah Crowell 50.5 -115 53.5% 1 200 33.3% 11.1
Spencer Ware 67.5 -130 56.5% 1 140 41.7% 12.8
Lamar Miller 85.5 -115 53.5% 1 -120 54.5% 14.6
Todd Gurley 85.5 -115 53.5% 1 -110 52.4% 14.6
Doug Martin 69.5 -115 53.5% 1 100 50.0% 13.0
Latavius Murray 67.5 -115 53.5% 1 -125 55.6% 12.8
Adrian Peterson 79.5 -135 57.4% 1 -150 60.0% 14.0
DeMarco Murray 62.5 -115 53.5% 1 125 44.4% 12.3
Ameer Abdullah 54.5 -105 51.2% 1 0 0.0% 11.5
David Johnson 85.5 -125 55.6% 1 300 0.0% 14.6
T.J. Yeldon 62.5 -115 53.5% 1 100 0.0% 12.3
Eddie Lacy 67.5 -115 53.5% 1 125 0.0% 12.8

Props: Not surprisingly, DeAngelo Williams and David Johnson grade out as top options. Lamar Miller and Ezekiel Elliott also grade out well. C.J. Anderson would also be near the top but his props were not listed when I pulled my data.

Pivots: T.J. Yeldon grades out surprisingly well in the middle of the pack. His price is in the lower tier on both FD and DK.

Wide Receivers

Player ReYDs Odds Implied% ReTDs Odds Implied% Rec Odds Implied% DK/FD
Kenny Stills 25.5 -105 51.2% 1 0 0.0% 2 100 50.0% 10.6
Jarvis Landry 67.5 -115 53.5% 1 140 41.7% 6 -130 56.5% 18.8
Julian Edelman 67.5 -115 53.5% 1 100 50.0% 6 -130 56.5% 18.8
Danny Amendola 29.5 -115 53.5% 1 250 28.6% 2.5 -115 53.5% 11.5
Brandin Cooks 77.5 -115 53.5% 1 -105 51.2% 5.5 -140 58.3% 19.3
Willie Snead 70.5 -115 53.5% 1 150 40.0% 5 -150 60.0% 18.1
Victor Cruz 42.5 -115 53.5% 1 225 30.8% 3.5 -140 58.3% 13.8
Odell Beckham 95.5 -115 53.5% 1 -175 63.6% 6.5 -130 56.5% 22.1
Sterling Shepard 55.5 -115 53.5% 1 0 0.0% 4 -115 53.5% 15.6
Dez Bryant 67.5 -125 55.6% 1 -105 51.2% 5 -125 55.6% 17.8
Cole Beasley 37.5 -115 53.5% 1 225 30.8% 2.5 -140 58.3% 12.3
Pierre Garcon 47.5 -115 53.5% 1 185 35.1% 4.5 -115 53.5% 15.3
Desean Jackson 72.5 -115 53.5% 1 130 43.5% 4.5 -150 60.0% 17.8
Torrey Smith 40.5 -115 53.5% 1 275 26.7% 3 -115 53.5% 13.1
Antonio Brown 110.5 -115 53.5% 1 -170 63.0% 8.5 100 50.0% 25.6
A.J. Green 90.5 -125 55.6% 1 -15 13.0% 6.5 -115 53.5% 21.6
Steve Smith 52.5 -115 53.5% 1 150 40.0% 4.5 -135 57.4% 15.8
Tajae Sharpe 57.5 -115 53.5% 1 150 40.0% 4.5 -130 56.5% 16.3
Marvin Jones 67.5 -130 56.5% 1 -115 53.5% 4.5 -125 55.6% 17.3
Golden Tate 57.5 -115 53.5% 1 -120 54.5% 5.5 -130 56.5% 17.3
Jeremy Maclin 59.5 -115 53.5% 1 175 36.4% 5 -115 53.5% 17.0
Chris Conley 30.5 -115 53.5% 1 0 0.0% 0 0 0.0% 9.1
Will Fuller 52.5 -115 53.5% 1 175 36.4% 4.5 -115 53.5% 15.8
DeAndre Hopkins 79.5 -115 53.5% 1 -120 54.5% 6 -115 53.5% 20.0
Kenny Britt 45.5 -115 53.5% 1 300 25.0% 0 0 0.0% 10.6
Mike Evans 74.5 -115 53.5% 1 100 50.0% 5 -115 53.5% 18.5
Julio Jones 100.5 -115 53.5% 1 -135 57.4% 7.5 -115 53.5% 23.6
Charles Johnson 32.5 -115 53.5% 1 300 25.0% 2 -130 56.5% 11.3
Stefon Diggs 72.5 -115 53.5% 1 200 33.3% 5 -115 53.5% 18.3
Davate Adams 35.5 -115 53.5% 1 275 26.7% 3 100 50.0% 12.6
Jordy Nelson 65.5 -115 53.5% 1 125 44.4% 5 -130 56.5% 17.6
Randall Cobb 60.5 -115 53.5% 1 150 40.0% 5.5 100 50.0% 17.6
Terrelle Pryor 47.5 -115 53.5% 1 200 33.3% 3 -115 53.5% 13.8
Doug Baldwin 67.5 -125 55.6% 1 125 44.4% 5.5 100 50.0% 18.3
Vincent Jackson 42.5 -115 53.5% 1 175 36.4% 3.5 -115 53.5% 13.8
Emmanuel Sanders 67.5 -115 53.5% 1 100 50.0% 5 100 50.0% 17.8
Donte Moncreif 47.5 -105 51.2% 1 150 40.0% 4 -115 53.5% 14.8
T.Y. Hilton 60.5 -115 53.5% 1 125 44.4% 4.5 100 50.0% 16.6
Allen Robinson 76.5 -115 53.5% 1 100 50.0% 5 -115 53.5% 18.7
Allen Hurns 56.5 -115 53.5% 1 130 43.5% 3.5 -150 60.0% 15.2
Travis Benjamin 69.5 -125 55.6% 1 0 0.0% 5 -125 55.6% 18.0

Props: Hey, look at that! Antonio Brown, Julio Jones, and Odell Beckham grade out as the top options. Beckham will be much higher owned than the other two.

Pivots: Scroll down the chart a little ways and you’ll find Marvin Jones ahead of options that cost $1000 more than he does. Tajae Sharpe is also in this tier, as well as pretty much every WR in the Saints-Giants game.

Tight Ends

Player ReYDs Odds Implied% ReTDs Odds Implied% Rec Odds Implied% DK/FD
Jordan Cameron 22.5 100 50.0% 1 250 28.6% 2.5 110 47.6% 10.8
Coby Fleener 29.5 -115 53.5% 1 140 41.7% 2.5 -150 60.0% 11.5
Jason Witten 47.5 -115 53.5% 1 200 33.3% 4.5 -150 60.0% 15.3
Jordan Reed 62.5 -115 53.5% 1 100 50.0% 6 -115 53.5% 18.3
Delanie Walker 47.5 -115 53.5% 1 160 38.5% 4.5 -125 55.6% 15.3
Travis Kelce 55.5 -115 53.5% 1 175 36.4% 5 -130 56.5% 16.6
Kyle Rudolph 39.5 -115 53.5% 1 225 0.0% 3.5 -115 53.5% 13.5
Jared Cook 25.5 -115 53.5% 1 250 28.6% 1.5 -150 60.0% 10.1
Greg Olsen 67.5 -115 53.5% 1 -130 53.5% 5.5 -150 60.0% 18.3
Dennis Pitta 32.5 -115 53.5% 1 175 36.4% 3 -115 53.5% 12.3
Gary Barnidge 49.5 -115 53.5% 1 200 33.3% 3.5 -140 58.3% 14.5
Virgil Green 30.5 -115 53.5% 1 175 36.4% 0 0 0.0% 9.1
Antonio Gates 40.5 -115 53.5% 1 110 47.6% 3 -130 56.5% 13.1
Julius Thomas 36.5 -115 53.5% 1 150 40.0% 3 -115 53.5% 12.7
Jesse James 32.5 -115 53.5% 1 160 38.5% 3.5 -140 58.3% 12.8
C.J. Uzomah 29.5 -115 53.5% 1 175 36.4% 2.5 100 50.0% 11.5

Props: Greg Olsen is the highest projected option (along with Jordan Reed), but there are several usable options for cheap. Delanie Walker grades out about the same as Jason Witten and Antonio Gates.

Pivots: If you are finishing at the bottom of the barrel Virgil Green makes a lot of sense. He’s dirt cheap. The same goes for Jesse James.

About the Author

sethayates
Seth Yates (sethayates)

Seth Yates hails from Dayton, Ohio. Seth started playing DFS during the NBA Playoffs in 2012. Seth rose to stardom in 2014 when he won the NFL Preseason Bomb using picks he blogged about. When he isn’t playing DFS, Seth is a Financial Analyst for the Air Force. Even though paying taxes on DFS isn’t fun, Seth re-invests your taxes back into DFS for you.