Things You May Not Have Known About Iowa Hawkeyes Football: Installment IV -- Iowa the 5th-best college team to bet over last 10 years
This is yet another post-written-before-I-left-for-vacation post to keep the Hlog from fading away. It's like leaving food and water for your cat while you go away for a while.
Except that I don't have a cat. If you do, make sure you leave food and water for it when you're gone.
Now then ... if you had wagered the same amount of money on the Iowa football team in Nevada sports books for every Hawkeyes game from 2001 to 2010, you made money.
That's assuming you didn't burn your winnings on something else, or that you didn't burn a lot of money getting to and from Nevada to make those bets.
Out of the 120 FBS teams, Iowa was the 5th-best to bet on from 2001 through 2010. The Hawkeyes' record against the Nevada point spreads in that time is a shiny 70-49-3.The casinos charge you 10 percent to make such bets, which you get back if you win. Which means if you bet $110 and win, you get back $210. You get your money back on a tie (a "push" in betting lingo).
That said, let's say you bet $100 on Iowa in every game with a posted pointspread from '01 through '10. You would have put up $13,420 and gotten back $15,030 for a profit of $1,610.
I don't know what $13,420 would have netted you had it spent 10 years in a money market, but I know that's not as fun as betting on 122 football games.
Had you bet $110 per game in those 10 years on these teams, here's how you would have fared:
1. Boise State 76-46-2 +$2,540
2. Ohio State 75-49-2 +$2,110
3. Connecticut 68-43-2 +$2,070
4. Utah 71-49-2 +$1,710
5. Iowa 70-49-3 +$1,610
You would have made money on only one other current Big Ten team over that period, even though three other Big Ten teams had winning records against the spread in that time. It's the 10 percent vig, you know.
The rest of the Big Ten:
Wisconsin 65-56-2 +340
Penn State 62-58-1 -$180
Nebraska 64-61-1 -$310
Minnesota 58-59 -$690
Purdue 55-60-5 -$1,100
Northwestern 56-61-2 -$1,110
Illinois 53-61 -$1,410
Michigan 53-67-3 -$2,070
Michigan State 51-67-5 -$2,270
Indiana 46-64-1 -$2,440
Others (I've done quite enough math, so no more figuring the money)
Virginia Tech 74-52-2
Notre Dame 57-63-3
Iowa State 56-57-1
Miami (Fla.) 52-70