Home field advantage, though, is very real. On average, home field advantage is about 3.5 points. Specifically, from 1994 to 2008 it was 3.500949. In other words, the home team could expect to do 3.5 points better on average playing at home than at a neutral site against the same team. There is a 7 point swing between playing at home versus playing at someone else's home-exactly 2/3 of the average margin of victory for home teams (10.5). The other 1/3 is because Louisiana-Monroe goes to Alabama and not vice-versa (oh, wait, bad example--suck it Saban).
This, of course, does not actually measure HFA because it does not account for the strength of schedule. For example, Arkansas State's average home opponent was about 12.4 points worse than its average road opponent, so when we take that into account we see that Arkansas State had a 6.8 point HFA, or 13th best in the country.
After accounting for strength of schedule, Boise State and Hawaii come out on top. Oklahoma State is at 4, Texas A&M and Texas Tech at 8 and 9. Beaver Stadium comes in just a hair below Arkansas State at 14. You have to go to 39 with Florida before you find an SEC team.
These are facts-hard, undeniable facts--but there is more to football than point margins. Arkansas State has a real home field advantage, but getting less plastered at home is not anything to write home about.
Texas Tech is number 1, as Longhorn fans know all too well. Texas is 12, which might come in handy when they are looking for revenge against the Red Raiders this year. Florida State is at 3, showing the superiority of the tomahawk chop over the gator chomp, which comes in at 14. Despite the long home winning streak at Kyle Field in the 90's, Texas A&M drops to 26.
In summary, home field advantage means different things at different times. It helps almost all teams put more points on the board than their opponents (with the exception of Navy), and this characteristics of home field advantage seems to have less to do with big stadiums and raucous crowds than we might think. On the other hand, home field advantage helps some teams win when they might otherwise have lost. It might not show up in gaudy numbers, but Nebraska is able to win games in Lincoln that they would have lost somewhere else. And at the end of the day, that's what really matters. And Georgia plays better and is more likely to win on the road-go figure.
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