2010 World Basketball Championship update - September 6th
Basketball Betting Lines
09/06/2010 -
(Sportsbook Betting Lines) -
USA 121, Angola 66
Russia 31, New Zealand 27 - Halftime
<< Anelka confirms international retirement
Paris, France (Sportsbook Betting Lines) - France striker Nicolas Anelka confirmed his
retirement from international soccer on Monday having been given an 18-match
suspension by the French Football Federation for his conduct at this past
summer'
<< Miyazato remains No. 1 in world rankings
Philadelphia, PA (Sportsbook Betting Lines) - Ai Miyazato remained No. 1 in the world
rankings for women's golf for the third week in a row.
Miyazato grabbed the No. 1 ranking from Cristie Kerr following a win on August
22, her third victory on th
<< Kuyt sidelined by shoulder injury
Rotterdam, Netherlands (Sportsbook Betting Lines) - Netherlands striker Dirk Kuyt is
expected to miss the next few weeks after he suffered a shoulder injury in
training, Dutch manager Bert van Marwijk confirmed on Monday.
Kuyt sustained the
<< Rockies reinstate Daley from DL
Denver, CO (Sportsbook Betting Lines) - The Colorado Rockies reinstated pitcher Matt
Daley from the 60-day disabled list on Monday.
Daley had been on the DL since June 16, retroactive to June 11, with right
shoulder inflammation. He was transf
<< Presley, Williams, Cushingberry, Bauman capture FCS weekly awards
Philadelphia, PA (Sportsbook Betting Lines) - Appalachian State quarterback DeAndre
Presley, Gardner-Webb linebacker Jeffery Williams, Southern special teams
performer Corey Cushingberry and Northern Arizona running back Zach Bauman
have been named The S
Marlins P Mendez leaves debut with injury >>
Philadelphia, PA (Sportsbook Betting Lines) - Florida Marlins pitcher Adalberto Mendez
left Monday's game against the Philadelphia Phillies with a right quad
strain.
Mendez, who pitched six shutout innings, singled in the seventh, but came
A's demote P Mazzaro >>
Oakland, CA (Sportsbook Betting Lines) - The Oakland Athletics have optioned pitcher
Vin Mazzaro to Triple-A Sacramento.
The right-hander was 6-8 with a 4.29 earned run average in 21 games (18
starts) with Oakland this year.
Mazzaro had
Seahawks sign DE Brock >>
Renton, WA (Sportsbook Betting Lines) - The Seattle Seahawks have signed defensive end
Raheem Brock, according to his agent's Twitter account.
Brock was cut by the Titans in training camp this year after spending eight
seasons with the Colts. I
Ravens add WR Houshmandzadeh >>
Owings Mills, MD (Sportsbook Betting Lines) - The Baltimore Ravens added depth to the
wide receiver position by agreeing to contract terms with T.J. Houshmandzadeh.
A report from NFL Network says the deal is thought to be for one year and
$855
Wells, Hill help Jays rout struggling Rangers >>
Toronto, ON (Sportsbook Betting Lines) - Vernon Wells hit a three-run homer and Aaron
Hill clubbed a two-run shot, as the Toronto Blue Jays earned a 7-2 decision
over the American League West-leading Texas Rangers in the opener of a four-
game se
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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.
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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Bonds nearly hits HR 751, SF wins
4 and drove in
a pair of runs, and Barry Bonds nearly hit homer No. 751 as San Francisco beat
1, in the middle contest of three at AT&T Park.
6) allowed five hits and one run over 6 2/3 innings, fanning
eight and walking three.
game slide.
Bonds, who came within five homers of Hank Aaron's record on Friday, went
1 with three walks, an RBI double and scored twice. The double ...
read more
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