Grienke has shown signs of regression in his recent outings. He has been falling behind counts at a higher rating, leading to him becoming a more hittable pitcher. Experience bettors have claiming Grienke's first quarter performance lacked sustainability, and as long as oddsmakers and the market priced him as if the performances did in fact have sustainability, there would be opportunities to bet against him. They have profited of late, as the market continued to price him for perfection.
In my opinion, oddsmakers have once again priced him as if his first quarter performance was relatively sustainable, and with the current line movement (or lackthereof), the market seems to be indifferent to the oddsmakers pricing. Although he is one of the better pithchers in the league, is continues to be priced in the Santana/Peavy range, when if fact he should be priced two tiers below. He also carries an increased systematic risk as he is now backed by a slumping line (have scored more than four runs in only 3 of their last 19 games), a shaky bullpen with their two best arms struggling and coming off an injury, and poor road play.
We are we aware of the inherent risks Sowers posseses. But at this price, they appear factored in. Backed by a lineup and bullpen on an upward cycle, and the current pricing looks off.
Should be interesting to see where this line closes. My guess is the Royals price tag has hit it's intraday high.