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Beat the Streak Day 16: Vegas Odds and Sports Betting

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I recently have been seeing many advertisements for sports betting platforms like DraftKings and Fanduel, and since those are somewhat related to beat the streak, I thought it would be interesting to look into these things a little more. In my search I came across a website that lists Vegas odds for various sports books on various bets.  Among those bets is one highly related to beat the streak: a bet that a given batter will "record a hit" in a given game.  This is exactly the essence of the beat the streak: identifying a batter most likely to record a hit.  In my effort to develop models for BTS, I have several approaches to estimate the probability that a player will record a hit in a given game.   So three natural questions arise: 1. Is Vegas good at BTS?  That is, is the implied probability of a hit given the Vegas odds a better estimate of the true probability than some of the models I've talked about in this blog? 2. Can the Vegas odds be a useful f...