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Travis Hunter Appreciation Thread (Awards: HE12MAN, Walter Camp, Biletnikoff, Bednarik, Lott, Paul Hornung, AP PotY)

Sportsbooks took numerous dollars of bets for Travis to win the Heisman at long odds. Him winning the award represents a major loss for them in this market (the “who will win the 2024 Heisman Trophy?” Market).

Now that Travis is such a huge favorite, other player’s odds are now long. The issue is that, since Jeanty is the only other serious contender for the Heisman, the fact that he has long odds presents a very cool arbitrage opportunity for bettors.

An arbitrage is a scenario when you can profitably make bets on all conceivable outcomes of an event for profit.

Let me give you an example.

I have a $100 bet on Travis to win the Heisman at 50/1. If he wins, I receive $5100 back ($5000 winnings and my original stake).

Jeanty has been 20/1 to win for the last several weeks. I can now guarantee a win by betting $243 at 20/1 on Jeanty to get back $5103 ($4860 plus $243 in my stake back).

If Travis wins, I will net $4757 ($5000 less $243)
If Jeanty wins, I will net $4760 ($4860 less $100)
Awesome. Thank you for explaining that.
 
Is arbitrage just a new name for hedge?
Technically, arbitrage is exploiting inefficient markets for guaranteed profits, and hedging is removing risk from mostly secured profits.

If one was able to place both of Manhattan's bets at exactly the same time, it would be arbitrage.

But securing his profits with the earlier Hunter bet by placing a later bet on Jeanty was hedging.

Basically, it's a timing question. If you can place both bets at exactly the same time and guarantee a profit, it's arbitrage. If time passes between placing the bets, it's hedging.

There are times when true arbitrage opportunities present in sports gambling markets (and in financial markets), but they're pretty rare.

Otoh, hedging opportunities to lock in substantial profits when odds have moved in your favor are plentiful in both gambling and financial markets.
 
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"Dad, tell me what it was like to watch Travis Hunter in college"

Sad Vince Mcmahon GIF by namslam
 
Technically, arbitrage is exploiting inefficient markets for guaranteed profits, and hedging is removing risk from mostly secured profits.

If one was able to place both of Manhattan's bets at exactly the same time, it would be arbitrage.

But securing his profits with the earlier Hunter bet by placing a later bet on Jeanty was hedging.

Basically, it's a timing question. If you can place both bets at exactly the same time and guarantee a profit, it's arbitrage. If time passes between placing the bets, it's hedging.

There are times when true arbitrage opportunities present in sports gambling markets (and in financial markets), but they're pretty rare.

Otoh, hedging opportunities to lock in substantial profits when odds have moved in your favor are plentiful in both gambling and financial markets.
You’re not wrong on the technical terms, but in current gambling contexts, an arbitrage does not need bets to be placed at the same time.

In gambling terms…

A hedge is a reduction in liability. You’re offloading risk to reduce your possible losses. Generally, the win is limited to your stake or a minor profit to not diminish the win of the original long shot.

An arbitrage is bet designed to earn equivalent profit regardless of outcome.

For instance, during that nuts Wisconsin-Kentucky Final Four game in 2015, with my pregame and live bets, I was going to make the same profit no matter who won. The bets were not made simultaneously, but were structured to create a guaranteed equivalent profit on either the Badgers or Wildcats coming out on top.
 
this is not true. They will now lose big no matter what. Travis was their number one liability by a major margin. Now people are able to arb at long odds for Jeanty.
My thought was that Jeanty should really be at something more like +500, and the books are just trying to offset the losses on the Travis bets by making Jeanty bets more appetizing.

But maybe I'm wrong on that, because they would recoup more in arb if the price was only +500 on Jeanty.
 
Is this the most polarizing Heisman race we’ve seen? I can’t think of another where fans were hellbent on tearing down the players they didint want to win
I was very young, but the Woodson/Manning debate was fervent. My sports media intake at that time was reading the Rocky Mountain News and Sporting News, both of which I'm sure were more civil than X and fansite message boards.

In 2012, Manti Te'o and Johnny Manziel were both way easier to dislike than Ashton or Travis. For reasons we shouldn't discuss, 2012 is sort of a blackhole in my college football memories though.
 
Call me sophomoric, but I’ve been trolling some Jeanty fans and it’s been hilarious.
I like to ask them what Jeanty's case is over Army's Bryson Daily.

Run game:
Jeanty: 2,497 yards, 29 TDs
Daily: 1,480 yards, 29 TDs

Pass game:
Jeanty: 20 catches for 116 yards & 1 TD
Daily: 8/1 TD/INT, 877 yards, with a passer rating of 183.4 (better than Rourke, Dart, Ward, Sanders and Gabriel)

Team record:
Boise State: 12-1, MWC champs
Army: 11-1, AAC champs (game remaining with Navy)

What I'm seeing is 7 more TDs and about 250 fewer yards from scrimmage in 1 fewer games while winning a tougher conference.
 
I like to ask them what Jeanty's case is over Army's Bryson Daily.

Run game:
Jeanty: 2,497 yards, 29 TDs
Daily: 1,480 yards, 29 TDs

Pass game:
Jeanty: 20 catches for 116 yards & 1 TD
Daily: 8/1 TD/INT, 877 yards, with a passer rating of 183.4 (better than Rourke, Dart, Ward, Sanders and Gabriel)

Team record:
Boise State: 12-1, MWC champs
Army: 11-1, AAC champs (game remaining with Navy)

What I'm seeing is 7 more TDs and about 250 fewer yards from scrimmage in 1 fewer games while winning a tougher conference.
Two of the three players ahead of Jeanty in all-time rushing did not win the Heisman. Barry Sanders did, but he played two fewer games (prior to Heisman selection) than Jeanty has and earned his yards in a Power Conference.

I'm not even sure why Jeanty is in the conversation.
 
Two of the three players ahead of Jeanty in all-time rushing did not win the Heisman. Barry Sanders did, but he played two fewer games (prior to Heisman selection) than Jeanty has and earned his yards in a Power Conference.

I'm not even sure why Jeanty is in the conversation.
Barry also did damage as a kickoff and punt returner.
 
Not sure but I’m more talking about the discourse. Every fan base has always stuck up for their guy but this feels different and more hostile since it’s not entirely about quantifiable stats
Gotcha. Could just be effect of SM. I suspect fans historically verbally talked **** about candidates not from their team but now it's archived permanently and literally spread across the world wide web.

Bias from having a CU player in the mix this year could also be an influence on your perception.
 
Gotcha. Could just be effect of SM. I suspect fans historically verbally talked **** about candidates not from their team but now it's archived permanently and literally spread across the world wide web.

Bias from having a CU player in the mix this year could also be an influence on your perception.
Are you suggesting that if I were a Boise State fan that I would be rooting for Jeanty to win the Heisman?

Unfounded and untrue. I would still be all in on Travis, for sure!
 
for all the criticisim i have of espn and fox and how they both push the narrative for their conferences, and theyre both married at the hip with the sec or b1g, respectively, it doesnt hurt cu at all that in fowler and klatt we have alums on the top announcing teams for both networks or their top play by play guy or analyst respectively.

i know that klatt in particular was seen negatively here by some but i think that over the past 2 years or the 2016 season hes shown that all hes asking for is cu to show a pulse
 
for all the criticisim i have of espn and fox and how they both push the narrative for their conferences, and theyre both married at the hip with the sec or b1g, respectively, it doesnt hurt cu at all that in fowler and klatt we have alums on the top announcing teams for both networks or their top play by play guy or analyst respectively.

i know that klatt in particular was seen negatively here by some but i think that over the past 2 years or the 2016 season hes shown that all hes asking for is cu to show a pulse
The campaign that CU has put on for him (and to a lesser extent, Shedeur) has been pretty great. Wish they would get the ESPN crew to do a video like they did with Fox
 
Two of the three players ahead of Jeanty in all-time rushing did not win the Heisman. Barry Sanders did, but he played two fewer games (prior to Heisman selection) than Jeanty has and earned his yards in a Power Conference.

I'm not even sure why Jeanty is in the conversation.
I think anchoring bias plays a role.

Early on, Jeanty was on pace to crush Barry Sanders record, had a 6 TD game in week 1, and was just as effective against Oregon so the thought was he'd continue to agreed the rest of the schedule and maybe easily cruise past Barry's record. Week 8 and 9, he was good, but not spectacular; had those results come in week 3 and 4, he would have been in the honorable mention discussion much longer rather than the front runner discussion, and the "on pace to break an All-Time record," discussion would have been non existent.

By finishing with the gaudy numbers, for an 11-1 team, that does have an established brand that makes it the class of non P4 teams, he was always going to be invited to NYC in a year without a truly great QB season from a top 5 team.
 
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