One of the more popular options on the betting board is the NFL Season Win Totals.

This year they were released earlier than ever and we have already seen some significant line movement.

One of the essential aspects of finding value is looking at each team’s strength of schedule (SoS). This can easily be found from a national media site like ESPN, but this is where we need to put on our critical thinking hat.

Jay Cutler Chicago BearsThe typical SoS is derived from last season’s win-loss record. As we all know, that isn’t very accurate whatsoever. Teams go through many changes in the offseason and not all wins and losses from 2011 are created equal.

What we need to do as savvy NFL bettors is create our own custom power rankings and SoS.

Here are some important factors to utilize when coming up with your own sets of data.

2011 power rankings

This can be a lot of work and everyone is going to use slightly different criteria for ranking each team. Personally, I look at as many relevant categories as possible. This can involve everything from offensive lines and defensive lines, pass/rush offenses/defenses, special teams, turnover differential, penalties, injuries, etc.  

One of the things I like to do in this process is evaluate how teams did vs. last season’s schedule.

Simply looking at who they faced and what their win/loss record was can be very deceiving. Facing the Chicago Bears in week 5 with a healthy Jay Cutler is not the same as facing them in week 14 without. 'Tough' vs 'easy' matchups need to be determined on a situational week by week basis in the proper context. This will go a long way in determining who is potentially being over/undervalued heading in 2012.

If you don’t keep your own power rankings, go ahead and find some from a source you trust.

2012 power rankings

Evaluate which teams improved upon their weaknesses and which maintained their strengths. This involves everything from drafted players, free agency, players coming back from injuries, coaching changes, continuity, etc. This again is a subjective process, but it should give you a general basis for some preliminary 2012 power rankings.

2012 schedule

Once you have an updated set of power rankings you are comfortable with, you are now in a position to rank the schedule to come up with your own custom SoS. At this point you can take things one step further and include situational factors such as short weeks, travel, rivalry games, etc.

In the end you should have all you need to attack the season win totals board. Customized power rankings and strength of schedule will give you a significant advantage over the average bettor. By comparison, the SoS that the national media use based off last year's win/loss records are essentially useless and misguided.

Below is my custom strength of schedule (SoS) with the easiest road at the top to the toughest road at the bottom. Feel free to compare it with the "traditional" SoS for 2012 and you’ll see how valuable this process can be for all your NFL futures picks.

Buffalo Bills

New England Patriots

Houston Texans

New York Jets

Kansas City Chiefs

Jacksonville Jaguars

Green Bay Packers

Miami Dolphins

Tennessee Titans

San Francisco 49ers

St. Louis Rams

San Diego Chargers

Chicago Bears

Indianapolis Colts

Cincinnati Bengals 

Seattle Seahawks

Minnesota Vikings

Detroit Lions

Pittsburgh Steelers

Denver Broncos

Arizona Cardinals

Oakland Raiders

Atlanta Falcons

Philadelphia Eagles

Tampa Bay Buccaneers

Dallas Cowboys

Baltimore Ravens

Carolina Panthers

Cleveland Browns

New Orleans Saints

Washington Redskins

New York Giants

 

Trust your analysis.

In addition, don’t overreact to the early market moves on the season win totals board. It’s always good to know where the early money is going, but that shouldn’t be too influential in your own analysis.

A good example for season win totals is what happened with the Cincinnati Bengals last year. Almost every “sharp” on the planet poured money on the under and the season win total dropped a full game or more in the process. The Bengals not only covered the over, but they covered the opening line as well!

Preparation is key for the new season and the best way to find value is to put in the research before things get started. The added bonus of betting the early numbers allows yourself an exit strategy. Come the first week of September, you might be in a position to buy off your original picks or identify a middle opportunity. Trust your own skills and put in the work.