Major League Baseball just finished its All-Star Game, the midway point of the season, and now teams will start looking toward October. The standings may seem set for postseason play, but don't bet on it.
People who do the actual betting have different ideas. Statisticians at The Power Rank, a sports data and prediction subscription service, use probabilities from the gambling markets to calculate expected records for the teams.
"The markets are very sharp in baseball, as even the best bettors find it hard to make much of a return," said Ed Feng, who runs The Power Rank. "This implies that the expected records from the markets reflect team strength."