December 7, 2011 - by Austin Link
Everybody loves to hate the BCS.
Sure, it may not be perfect, and it may have its biases. But its purpose is to have the number 1 team play the number 2 team in a championship game, and according to just about any flavor of our power ratings it has succeeded this year.
There’s a reason that every other major sport uses playoffs, though: the excitement. It’s always exciting in the late season chase, the early round upsets, and the final clashes of titans. Unfortunately, the closest we can get in college football is putting together our own brackets, and simulating out the odds.
To do this, I used a bracket odds calculating program originally developed for other sports. Actually, when I entered in college football as the sport it said “Hahaha, nice try. We’ll pretend though”.
I used it anyways, setting up single elimination tournaments with all games held at neutral locations, and the seedings determined by the BCS standings. Beyond the standard 4, 8, and 16 team formats, I also included projected odds for a 6 team playoff where the 1 and 2 seeds receiving a first round bye.
Let’s take a look at how each scenario would play out.
Does Oklahoma State or Alabama deserve a spot in the title game? What better way to decided than to have them settle it out on the field?
In the other semifinal, LSU faces more than just a speed bump from Andrew Luck and company.
Personally I’ve always favored the six team playoff, as I think it keeps the importance of finishing in the top 2 that makes college football so exciting.
Oklahoma State would have to work their way through the SEC to a title here, but they still win almost one out of five times. Stanford and Oregon will also have an exciting rematch for the right to challenge LSU.
Here’s how the odds turn out in a 6 team playoff:
Moving up to 8 teams introduces our first mid-major in Boise State, and they would finally have a chance to show they belong among the elites. A title is a little out of the question for them, but a 33% chance of upsetting Alabama would go a long way.
As the luckiest team in college football this year Kansas State has earned it’s spot, but skill-wise doesn’t belong in the same class as the rest of the field.
Here are each of the 8 teams’ chance for a championship in this format:
A sixteen team playoff sounds huge, but even the first round would provide us with some fun games. Rematches of LSU-Georgia and Oklahoma-Oklahoma State? Wisconsin looking for mid-major redemption against Boise State? I’m excited.
Somehow, even with two more opponents to go through, LSU’s title odds are almost the same as with just four teams. Apparently the possibility of a later round cupcake cancels out the small odds of the Tigers losing early.
Here are the projected title odds for a sixteen team tournament:
They all have pluses and minuses. It’s nice to give more teams a shot, but adding more also decreases the odds that one of the favorites wins.
In the end though, Honeybadger don’t care. LSU is the clear favorite in any format.
By the way, if you’re going to compete in a Bowl Pick’em or are planning on wagering on some of the games, make sure to check out our 2011-2012 college football bowl games section, complete with bowl predictions, bowl betting picks, and bowl pick’em advice and picks.
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