Joyce's homer lifts Rays over Yankees; A-Rod held homerless
Baseball Betting Lines
07/30/2010 -
St. Petersburg, FL (Sportsbook Betting Lines) - Matt Joyce hit a three-run homer in the
sixth inning, lifting the Tampa Bay Rays to a 3-2 win over the New York Yankees in the opener of a critical three-game series.
The Rays entered the series two games behind the Yankees in the AL East, and
gained ground thanks to Joyce's big hit. Tampa Bay also won its seventh
straight game.
Rays starter Wade Davis (9-9) gave up a two-run homer to Nick Swisher in the
first inning, but shut the Yankees down for the rest of his seven-inning
start. He allowed four hits, walked three and struck out six, and won his
fourth consecutive start.
Phil Hughes (12-4) gave up Joyce's homer and took the loss for the Yankees,
while Alex Rodriguez remained stuck on 599 career homers after going 0-for-4.
<< Cavs sign G/F Graham
Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Cavaliers have signed
guard/forward Joey Graham.
The 6-foot-7 Graham played in 63 games for Denver last season, starting 18,
and averaged 4.2 points and two rebounds per game.
He
<< Braves P Medlen leaves game
Cincinnati, OH (Sportsbook Betting Lines) - Atlanta Braves pitcher Kris Medlen left
Friday's start against Cincinnati with a right forearm contusion after being
hit by a pitch in the sixth inning.
Medlen was plunked by the Reds' Johnny Cueto i
<< Thompson joined by Chappell in Cox Classic lead
Omaha, NE (Sportsbook Betting Lines) - Kyle Thompson carded a six-under 65 Friday to
remain tied for the lead after 36 holes of the Cox Classic.
Thompson, who shared the first-round lead with Steven Bowditch, finished two
rounds at 14-under-pa
<< Habs sign last year's top pick Leblanc
Montreal, QC (Sportsbook Betting Lines) - The Montreal Canadiens have signed
forward Louis Leblanc, their first round draft choice in 2009, to a three-year
contract.
Leblanc was the 18th overall choice in the 2009 NHL Entry Draft.
The
<< Detroit P Galarraga leaves game
Boston, MA (Sportsbook Betting Lines) - Detroit Tigers starter Armando Galarraga left
Friday's game with the Boston Red Sox due to an apparent right ankle injury.
Galarraga was struck by a line drive off the bat of Boston's Kevin Youkilis
with two o
Bautista continues grand season, lifts Jays over Tribe >>
Toronto, ON (Sportsbook Betting Lines) - Jose Bautista's grand slam and league-leading
31st home run highlighted a six-run fourth, as the Toronto Blue Jays won their
fourth straight with an 8-1 rout of the struggling Cleveland Indians at Rogers
Centre.
Bradford inks record deal with Rams >>
Earth City, MO (Sportsbook Betting Lines) - St. Louis Rams quarterback and 2010 top
overall draft choice Sam Bradford has reportedly agreed to a six-year deal
that is worth a record $50 million in guarantees.
According to the St. Louis Post-
Stammen strong, so are Nats' bats as Oswalt's Philly debut a dud >>
Washington, DC (Sportsbook Betting Lines) - Josh Willingham and Roger Bernadina both
stroked a two-run double to back a solid outing by Craig Stammen, as
Washington cooled off the surging Phillies, 8-1, and, in doing so, spoiled Roy
Oswalt'
Happ's Houston debut a gem as Astros down punchless Brewers >>
Houston, TX (Sportsbook Betting Lines) - J.A. Happ pitched six scoreless innings in his
Houston debut, as the Astros handled the Milwaukee Brewers, 5-0, in the opener
of a three-game series at Minute Maid Park.
Happ (2-0) and minor leaguers Jonatha
Eagles acquire RB Arrington from Broncos >>
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Eagles acquired running
back J.J. Arrington from the Denver Broncos in exchange for linebacker Joe
Mays.
The Eagles will receive a conditional draft pick in 2012 if Arrington does no
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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