The Daily Lob
Where the price is wrong

The Daily Lob

MLB + NFLFriday 25 September 20266 games

One starter on tonight's board has been carried by a run and a half, and the market has not noticed. Then Sunday's football, where the ELWAY ratings and the spread disagree by almost six points on one game.

Tonight's baseballfull-game lines

ATL at MIA7:10 PM ET · loanDepot Park
Miami under-priced. Holmes has been carried by 1.44 runs.Full game ATL −122 / MIA +111 · fair odds 53.8 / 46.2 · total 8.0

Grant Holmes takes a 3.47 ERA into this game and an expected ERA of 4.91 — the largest gap between results and contact on either board tonight, across a full season's 147.2 innings.

Pérez sits at 4.14 against a 4.20 xERA, which is to say his season is roughly what it looks like. On results Atlanta's starter is 0.67 runs better; on expected ERA Miami's is better by 0.71. That is a 1.38-run swing, and Atlanta is still favoured.

Against it  Holmes has held that gap all year, and a pitcher can outrun his contact for a full season without the market being wrong to price the outcome rather than the process. Pérez also walks 10.6% of hitters, which is its own way to lose a game.

StarterIPERAxERAERA − xERAK%BB%Barrel%Hard-hit%
Grant HolmesATL · RHP147.23.474.91−1.4418.29.48.944.5
Eury PérezMIA · RHP150.04.144.20−0.0625.710.610.539.5
HolmesIPHERBBK
Sep 19vs HOU6.08204
Sep 13vs PHI4.05220
Sep 7vs PHI6.03026
PérezIPHERBBK
Sep 22vs CHC1.00003
Sep 19vs SD4.28534
Sep 13vs LAD5.04325
PIT at DET6:40 PM ET · Comerica Park
A pick'em that deserves to be oneFull game PIT −106 / DET −104 · fair odds 50.2 / 49.8 · total 7.5

Expected ERAs of 4.23 and 4.11 either side, and a market that has made it a coin flip. Nothing to take.

The one number worth a look is Chandler's 11.6% walk rate against Jobe's 8.1%. If this game goes wrong for Pittsburgh early, that is the mechanism.

Against it  Jobe's 40.2 innings are a third of Chandler's workload, so his expected line is the less settled of the two and his 10.0% barrel rate is the higher.

StarterIPERAxERAERA − xERAK%BB%Barrel%Hard-hit%
Bubba ChandlerPIT · RHP151.14.344.23+0.1121.011.66.238.9
Jackson JobeDET · RHP40.23.984.11−0.1325.08.110.035.1
ChandlerIPHERBBK
Sep 19vs KC4.08316
Sep 13vs CHC5.15343
Sep 8vs CHW6.04208
JobeIPHERBBK
Sep 19vs CHW6.04319
Sep 13vs COL6.13118
Sep 6vs CLE5.04227
AZ at SD9:40 PM ET · Petco Park
The market has this one right, by a third of a runFull game AZ +119 / SD −131 · fair odds 45.0 / 55.0 · total 7.0

Pfaadt owns the better ERA by 0.24 runs; Mize owns the better expected ERA by 0.13. The swing is a third of a run and it runs towards the side the market already favours.

Pfaadt's 16.4% strikeout rate is the lowest of the six starters on this page, and he gets away with it on a 35.0% hard-hit rate.

Against it  Mize's last time out was three innings, five earned and five walks. One start is not a trend, but it is the kind that empties a bullpen.

StarterIPERAxERAERA − xERAK%BB%Barrel%Hard-hit%
Brandon PfaadtAZ · RHP128.13.723.86−0.1416.45.67.435.0
Casey MizeSD · RHP127.13.963.73+0.2320.66.88.138.6
PfaadtIPHERBBK
Sep 19vs NYY4.14113
Sep 12vs TEX6.210607
Sep 5vs HOU6.17324
MizeIPHERBBK
Sep 19vs MIA3.05552
Sep 14vs COL5.08220
Sep 8vs WSH5.24317

Sunday's footballELWAY against the spread

LAR at DENSun 8:20 PM ET · Empower Field · NBC
Six points apart, and all of it is the injury adjustmentLAR −2.5 · ELWAY: DEN −3.45

The market makes the Rams road favourites by two and a half. ELWAY's injury-adjusted ratings make Denver a 3.45-point home favourite. A 5.95-point disagreement is the widest on the Sunday board by more than two points.

It is entirely about health. On performance alone the Rams rate +5.2 against Denver's +2.7, which would make this LAR by three quarters of a point — near enough to the market. The injury adjustment takes 3.1 points off Los Angeles and adds 1.1 to Denver, and the whole edge lives in that gap.

Against it  This is a bet on the injury adjustment being right and the market being slow, not on the teams. If the Rams' absentees return or were priced in already, there is nothing here. Confirm the inactives before kickoff.

MarketLAR −2.5 at Denver
ELWAY, injury-adjDEN −3.45 · a 5.95-point gap, ELWAY on Denver
ELWAY, performanceDEN −0.75 · a 1.75-point gap, same direction
Los Angelesnet +2.1 injury-adjusted against +5.2 on performance · Stafford, QBERT 87.7
Denvernet +3.8 injury-adjusted against +2.7 on performance · Nix, QBERT 84.6 · defence 3rd
KC at MIASun 1:00 PM ET · Hard Rock Stadium
Miami getting 10.5 when the ratings say 7KC −10.5 · ELWAY: KC −7.15

Kansas City rate +4.5 and Miami −4.4, a gap of 8.9 points, which home field trims to 7.15. The market is asking for ten and a half.

Double-digit NFL spreads need a rating gap the ratings do not show here. Three and a third points of disagreement, all of it on the Miami side.

Against it  Miami is not in the performance table supplied, so this rests on the injury-adjusted number alone with no second view to check it. Willis at 78.9 QBERT is also the kind of quarterback a market prices below the model.

MarketKC −10.5 at Miami
ELWAY, injury-adjKC −7.15 · a 3.35-point gap, ELWAY on Miami
ELWAY, performancenot available — Miami is absent from the performance table
Kansas Citynet +4.5 · offence 4th · Mahomes, QBERT 88.0
Miaminet −4.4 · defence 31st · Willis, QBERT 78.9
MIN at TBSun 4:05 PM ET · Raymond James Stadium
Both ELWAY views make Tampa a home favourite. The market does not.MIN −1.5 · ELWAY: TB −0.95

Minnesota are road favourites by a point and a half. Injury-adjusted ELWAY makes Tampa a 0.95-point home favourite, and the performance table makes it 1.55 — a gap of between two and a half and three points depending which you trust.

The two tables agreeing matters more than the size here: this is not an artefact of one injury estimate.

Against it  Two to three points on a near-pick'em game is the smallest edge carded today, and Murray at 76.4 QBERT against Mayfield at 80.5 is the sort of gap that shows up in the market before it shows up in a rating.

MarketMIN −1.5 at Tampa Bay
ELWAY, injury-adjTB −0.95 · a 2.45-point gap, ELWAY on Tampa
ELWAY, performanceTB −1.55 · a 3.05-point gap, same direction
Minnesotanet +0.5 · offence 20th · Murray, QBERT 76.4
Tampa Baynet −0.3 · defence 16th · Mayfield, QBERT 80.5
Not carded. Pitch counts are missing from the game logs: Savant does not carry them, ESPN's logs are script-gated, and Baseball Almanac served Zac Gallen's log at Brandon Pfaadt's address — a misattribution, and that source should not be used again without checking the name on the page.  ·  ERA − xERA negative means the results have outrun the contact.  ·  Moneylines from Covers; SportsbookReview served a stale board all day and no first-five prices could be sourced, so these are FULL-GAME lines — the wrong market for a starter argument, and the reason no run-value edge is claimed tonight. Pitcher lines and game logs from Baseball Savant. ELWAY ratings supplied by the editor, 25 September.  ·  Sources & methods
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