Riding Hot Streaks to the Max in Baseball
A good portion of my decision to back a team in a baseball game has to do with the starting pitching matchup. It doesn’t have that much to do with the overall strength of the pitchers over the long run, but rather the recent performance of each pitcher in a game. I also consider the recent offensive production of the two teams and any winning/losing streaks the two teams are on at any given time.
What do all of these factors have in common? They are all about streaks! It may sound overly simplistic, but it’s a lot like one of Isaac Newton’s theories of motion. Remember it from high school? It goes something like this: “an object that is in motion tends to stay in motion”. It might seem silly to read this, but it seems like Mr. Newton’s theory applies to baseball as well.
Consider the Boston Red Sox/Chicago White Sox game on Sunday, August 26, 2007. The Red Sox had taken the first three games of the series in impressive fashion, scoring over 30 runs in the previous three games. Chicago entered the game on a four game losing streak. Luckily for the White Sox, they had a favorable pitching matchup. Julian Tavarez was due to take the hill for the Red Sox and the White Sox were countering with a solid starting pitcher with very good and consistent recent starts, Javier Vazquez. There was nothing particularly exciting about Tavarez’s performance this year. He entered the game with an ERA hovering above 5.00 and he was coming up against a pitcher that had not given up more than four runs in any of his last 12 starts. During that span, Vazquez was 8-1. Despite a slow start, Javier Vazquez had really turned his season around. Best of all, if you took Javier Vazquez you only had to lay 105 to win 100. What a steal for a good pitcher going against a stiff like Tavarez, right? WRONG!
We backed the Red Sox and Tavarez in this matchup, primarily due to the fact that we were getting a red hot hitting team on a hell of a winning streak against a team in a tailspin. It paid off very nicely too, as the game was never in doubt in the late innings. Give me a scenario like that one and I will bet it 9 times out of 10. Don’t just jump on the opportunity to take a superior pitcher at a rock-bottom price. So much more of the game is recent performance. Neglecting hitting, pitching, and winning streaks is the equivalent of leaving a bike unattended in the ghetto. Do something stupid like that and you deserve to lose your money.