ESPN Gambling Expert Says Handicapping Favors LeBron to Bulls
ESPN.com's designated gambling analyst writes that the talk about LeBron James' decision as to what team to sign with can be broken down by bookmaking procedures, making the Chicago Bulls the likely destination for the superstar. Chad Millman, who makes sports betting picks and writes on the gambling scene for the sports news website, says ranking the factors involved in LeBron's options give odds on the result, just like any other gaming proposition.
"The market in the offshore sports books for where LeBron will go became so volatile, with different teams leading the way seemingly every minute, that two of the most popular island bookmakers, sportsbook.com and Bodog, stopped taking bets on the sweepstakes completely," write Millman.
But the eager pursuit of James by the Bulls, the Miami Heat, the New York Knicks, the New Jersey Nets, and his own Cleveland Cavaliers, among others, brings Millman to develop his own formula. Consulting the mathematicians behind the famous MIT blackjack team, Millman considers how teams rank in terms of city appeal, winning potential, and potential for James' career beyond basketball.
Using that formula, Millman concludes that Chicago beats out Miami in the LeBron Sweepstakes, with the rest of the teams finishing further back in the pack.
Still, with circumstances changing too quickly for online gambling oddsmakers to adjust, it is hard to imagine Millman's formula holding to form for another two to ten days.
And ESPN's Chad Ford just wrote LeBron is heading to Miami; with the same certainty the New York Times sent him to Chicago yesterday.
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