Report: Ravens sign WR Houshmandzadeh
Football Betting Lines
09/06/2010 -
Culver City, CA (Sportsbook Betting Lines) - The Baltimore Ravens added depth to the
wide receiver position by reportedly agreeing to a one-year contract with T.J.
Houshmandzadeh on Monday.
The NFL Network, among others, are reporting the signing, thought to be for
$855,000.
Several teams were reportedly in the mix for the wide receiver, including St.
Louis, Oakland and Washington.
The move was necessary after wide receiver Donte Stallworth suffered a broken
foot in the preseason and is expected to be sidelined up to eight weeks.
The 32-year-old Houshmandzadeh became available when he was released by
Seattle on Saturday. He played only one season with the Seahawks after signing
a four-year $40 million contract that included $15 million guaranteed in March
of 2009.
A seventh-round pick in the 2001 NFL Draft, Houshmandzadeh had 79 catches for
911 yards and three touchdowns in 16 games last season. He is expected to
serve as the No. 3 receiver behind Anquan Boldin and Derrick Mason.
Over nine NFL seasons, Houshmandzadeh has caught 586 passes for 6,693 yards
with 40 touchdowns in 121 games -- 90 starts -- with Cincinnati and Seattle.
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<< Rangers scratch Lee from Tuesday start
Toronto, ON (Sportsbook Betting Lines) - The Texas Rangers have scratched lefty Cliff
Lee from his scheduled start Tuesday against the Blue Jays because of a
strained muscle in his lower back.
Lee was given an injection to deal with disc
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and cu
<< Santana scratched from Tuesday start
Washington, DC (Sportsbook Betting Lines) - New York Mets ace Johan Santana will miss
his next scheduled start Tuesday versus Washington with a strained pectoral
muscle.
Santana was forced to leave his last assignment against the Braves Thurs
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St. Louis Cardinals know they still have a lot of work to do.
St. Louis continues that uphill battle this afternoon with the opener of a
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McEnroe to step down as U.S. Davis Cup captain >>
White Plains, NY (Sportsbook Betting Lines) - Patrick McEnroe announced that he will
resign as United States Davis Cup captain immediately following the
World Group playoff against Colombia next week.
The U.S. and host Colombia will squ
Montana ascends to No. 1 >>
Philadelphia, PA (Sportsbook Betting Lines) - The move was only one spot, but it was a
big one for the University of Montana football team as the Grizzlies advanced
to No. 1 in The Sportsbook Betting Lines/Fathead.com FCS Top 25 on Monday.
Montana was selected
Rangers promote INF German, designate Cora >>
Toronto, ON (Sportsbook Betting Lines) - The Texas Rangers purchased the contract of
infielder Esteban German from Triple-A Oklahoma City and designated infielder
Alex Cora for assignment on Monday.
The 32-year-old German has been with Oklahoma
Kuznetsova exits the Open >>
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Talented Slovak Dominika Cibulkova cut down the 11th-seeded Kuznetsova 7-5,
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Washington fails to clinch playoff spot >>
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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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