Fezz:
Your post is well taken. Among many other things, my original post did not factor in what the total FAV winning percentage this season is so far.
Expanding on this topic though, isn't it statistically proven that NFL favorites will not win at 66.6% versus closing lines (percentage based on FAVS going 10/15 so far versus closing lines in WEEK 14)? Therefore, assuming that through 14 Weeks of play, if FAVS had been hitting at a 66.6% clip, it would make some bit of mathematical sense to blindly bet DOGS versus closing lines going forward, right?
This is of course simply just a hypothetical - I do understand that in practice, this is probably as dangerous as betting BLACK in roulette just because there have been 10 RED hits.
PS: Are "The MemoryLess Property" and "The Gambler's Fallacy" the same thing?