NFL pulls the plug on Pacman, Henry
Football Betting Lines
04/10/2007 - New York, NY (Sportsbook Betting Lines) - The National Football League has issued suspensions to Tennessee's Adam "Pacman" Jones and Cincinnati's Chris Henry for off-field conduct.
Jones has been suspended for the entire 2007 season, while Henry will sit for the first eight games of the campaign.
More to follow.
(Sportsbook Betting Lines) - Roberto Luongo proved to be everything the Vancouver Canucks hoped he'd be when they acquired the standout goaltender from Florida Panthers in a blockbuster trade over the summer. With the Vezina Trophy candidate turning in g
<< Stanley Cup Playoff Preview - Anaheim vs. Minnesota
(Sportsbook Betting Lines) - Considered one of the top preseason contenders for the
Western Conference crown, Anaheim lived up to its advance billing with an
excellent overall season. The Ducks established a new club record with 110
points and withstood
<< Griesen, Trufant & Pettis earn AFL Weekly honors
New York, NY (Sportsbook Betting Lines) - Georgia Force QB CHRIS GREISEN, Kansas City
Brigade DB ISAIAH TRUFANT, and Dallas Desperados WR/DB WILL PETTIS have been
named Offensive Player, ADT Defensive Player, and Ironman of the Week,
respectively, for We
<< Stanley Cup Playoff Preview - Nashville vs. San Jose
(Sportsbook Betting Lines) - The Nashville Predators have the opportunity to avenge last
year's ousting by the San Jose Sharks in the Western Conference quarterfinals.
It wasn't the kind of first-round matchup the club was anticipating, however.
Nashv
<< Grizzlies try to halt losing streak against Kings
(Sportsbook Betting Lines) - The NBA-worst Memphis Grizzlies attempt to put the brakes
on a five-game losing streak, as they host the disappointing Sacramento Kings
tonight at the FedExForum.
This is the third and final meeting of the campaign betwe
(Sportsbook Betting Lines) - The Ottawa Senators were somewhat of an afterthought in the Northeast Division this season, thanks to the fact that the Buffalo Sabres put together the best campaign in franchise history. Yet while the Sabres ran away with
USGA Senior Amateurs to switch sites >>
Far Hills, NJ (Sportsbook Betting Lines) - The United States Golf Association announced
on Tuesday that the sites for the 2008 and 2009 USGA Senior Amateur
Championships have switched.
Shady Oaks Country Club in Fort Worth, Texas was orig
Blackhawks win lottery for top NHL draft pick >>
New York, NY (Sportsbook Betting Lines) - The Chicago Blackhawks won the NHL draft
lottery on Tuesday and will have the first selection when the draft begins on
Friday, June 22 in Columbus, Ohio.
Chicago, which finished the season with the fi
Padres sign Young to new deal >>
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres signed pitcher Chris
Young to a four-year contract with an option for 2011 on Tuesday.
The four-year veteran is in his second season with San Diego after spending
his first two y
Ferrero, Almagro reach second round in Valencia >>
Valencia, Spain (Sportsbook Betting Lines) - Former world No. 1 Juan Carlos Ferrero
and reigning champion Nicolas Almagro were a pair of Spanish winners Tuesday
at the clay-court Valencia Open.
The second-seeded Ferrero, who captured this e
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Sportsbook Betting Lines
Who Makes the Sportsbook Betting Lines?
Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf). Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.
“You either have a passion for it or you don’t,” Seba said.
“The #1 thing for us is to make a line for each game that creates good two-way action. We do this by drawing from past experiences and applying them to current situations. People think it’s much more complicated, but it’s not. “What are the Football Betting Lines Trying to Accomplish?
There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’).Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10).
How the Opening Line Is Made
The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. Of course there is an entire method to the madness on how the opening line is created. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. This usually includes having up-to-date power ratings on each team.Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a "preliminary" pointspread on an upcoming game. The power ratings are adjusted after each game a team plays. Examples of non-game factors that would require an adjustment to a team's power rating are key player injuries and player trades.
Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team's most recent games played and previous games played against that opponent. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game.Since the oddsmaker’s ultimate goal is equally dividing the sports betting action, public perception and sportsbook betting patterns must be taken into account. For example, the public might have heavy betting interest week after week on a popular college football betting team such as USC. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias.
The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line "feels right." This is where common sense and past experience with how games are bet enters into the picture.A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line.
Why Sports Betting Lines Change
Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. Reasons for such adjustments include:Experts working for the individual books having a strong opinion on the game
Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action.
Once betting begins, sportsbooks can adjust the line at any time. In doing so they attempt to make more attractive the team that is getting less action. By moving the line, sportsbooks can influence how the public bets on a particular game.For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite.
Moving the line is the oddsmaker's effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line. Oddsmakers have to determine if any changes are necessary and send out an "adjusted line."“The main objective is that our clients get equal action on both sides,” Seba said. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). If we’ve done that, we’ve done our job.”
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