02/01/2012 -
Hannover, Germany (Sportsbook Betting Lines) - Hannover defender Emanuel Pogatetz has
been handed a three-match ban by the German Football Federation (DFB) for
punching Nurnberg's Philipp Wollscheid.
The incident occurred in last Friday's 1-0 win for Hannover, and although it
was missed by the referee during the match, the DFB used video replays to
review it and has handed down the punishment.
Pogatetz will miss away games at Hertha Berlin and Mainz as well as a home
contest with Stuttgart while serving the suspension.
The Austrian has started every league game for Hannover this season, scoring
one goal for a side that sits in seventh place in the Bundesliga table.
<< Nets pick up G Bogans
East Rutherford, NJ (Sportsbook Betting Lines) - Seeking to bolster its defensive
performance, the New Jersey Nets signed 6-foot-5 free agent guard Keith Bogans
on Wednesday.
Per team policy, contract terms were not disclosed.
"Keith will
<< Rams and Rebels duke it out in Sin City
Las Vegas, NV (Sportsbook Betting Lines) - Off to their best start since the 1991-92
campaign, the UNLV Runnin' Rebels find themselves ranked 11th in the nation
and tied for the top spot in the Mountain West Conference as they prepare for
the arrival of
<< Broncos battle 17th-ranked Aztecs
San Diego, CA (Sportsbook Betting Lines) - Trying to win their first conference game as
a member of the Mountain West, the Boise State Broncos face one of their
toughest tests yet as they tangle with 17th-ranked San Diego State at Viejas
Arena tonight.
<< Huskies and Hoyas square off Big East action
Washington, D.C. (Sportsbook Betting Lines) - The Connecticut Huskies have made their
way to the nation's capital for tonight's Big East Conference showdown with
the 14th-ranked Georgetown Hoyas.
UConn is hoping to put the brakes on a three-game slide
<< Hoosiers and Wolverines meet in Big Ten showdown
Ann Arbor, MI (Sportsbook Betting Lines) - A pair of ranked foes in the Big Ten
Conference square off in Ann Arbor this evening, as No. 20 Indiana comes
calling on No. 23 Michigan.
Indiana started the season impressively, jumping out to a 12-0 record
No arguing with Patriots' (tight) end results >>
(Sportsbook Betting Lines) - In the 2007 NFL season, the New England Patriots reached the
Super Bowl on the strength of an extraordinarily explosive offense that
contained a record-setting quarterback, a wide receiver with over 100 catches
and another wi
Isles center Tavares named top NHL player for January >>
New York, NY (Sportsbook Betting Lines) - New York Islanders center John Tavares has
been named the NHL's First Star for the month of January.
Tavares led the league in points last month with nine goals and 13 assists
while registering a plu
Penguins claim F O'Reilly off re-entry waivers >>
Toronto, ON (Sportsbook Betting Lines) - The Pittsburgh Penguins claimed forward Cal
O'Reilly off of re-entry waivers from the Phoenix Coyotes on Wednesday.
The 25-year-old has registered two goals and four assists in 27 combined games
with Nashvi
Wilshere suffers another injury setback >>
London, England (Sportsbook Betting Lines) - Arsenal and England midfielder Jack
Wilshere will spend further time on the sidelines after developing a stress
fracture in his right foot.
The 20-year-old has been out of action since June a
Newcastle's Cabaye handed three-match ban >>
Newcastle, England (Sportsbook Betting Lines) - Newcastle midfielder Yohan Cabaye has
failed in his appeal to the English Football Association over a violent
conduct charge stemming from Saturday's FA Cup loss to Brighton and Hove
Albion,
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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