Bills RB Jackson out for rest of preseason
Football Betting Lines
08/14/2010 - Washington, DC (Sportsbook Betting Lines) - Buffalo Bills running back Fred Jackson suffered a hand injury in Friday's preseason game against the Redskins and will miss the remainder of the preseason.
Jackson carried the ball two times for 11 yards on Friday in a 42-17 loss.
"Fred hurt his hand, and we hope to be able to get him back for the first (regular season) game," Bills head coach Chan Gailey said. "We're not sure."
Running back Marshawn Lynch was also injured, hurting his ankle. Gailey did not know the severity of the ailment.
Anaheim, CA (Sportsbook Betting Lines) - Marc Rzepczynski was nearly unhittable over seven innings, as the Toronto Blue Jays blanked the Angels, 3-0, in the opener of a three-game series. Summoned from Triple-A Las Vegas to make Friday's start
<< Rangers rally for wild 11th-inning win over Red Sox
Arlington, TX (Sportsbook Betting Lines) - Nelson Cruz hit Tim Wakefield's first pitch
in the bottom of the 11th inning over the wall in left field, giving the Texas
Rangers an incredible 10-9 win over the Boston Red Sox.
Although Cruz hit the win
<< Nadal, Murray, Djokovic, Federer reach Rogers Cup semis
Toronto, ON (Sportsbook Betting Lines) - Two-time winner Rafael Nadal and reigning
champion Andy Murray were a pair of quarterfinal winners Friday at the $2.43
million Rogers Cup, an ATP Masters event.
In the pair of night matches, second-s
<< Tampa Bay Buccaneers 2010 Season Preview
(Sportsbook Betting Lines) - The Tampa Bay Buccaneers insist that they don't have
financial problems, and that all is well within their organization.
They have spent considerable money, time, and manpower to refute the oft-
repeated contention that th
<< Tulowitzki's blast sends Rockies past Brewers
Denver, CO (Sportsbook Betting Lines) - Troy Tulowitzki blasted the game-winning three-
run home run in the eighth inning to lift Colorado to a 5-4 comeback win over
Milwaukee in the opener of a three-game set.
Carlos Gonzalez finished 2-for-4 wi
San Francisco, CA (Sportsbook Betting Lines) - Chase Headley knocked in Ryan Ludwick with the go-ahead run in the sixth inning as San Diego edged the Giants, 3-2, in the opener of a big three-game series between the NL West rivals. Headley also
Butler's HR lifts Royals to rain-soaked win over Yankees >>
Kansas City, MO (Sportsbook Betting Lines) - Billy Butler's fifth-inning home run right
before the rains came proved to be the game-winner, as the Kansas City Royals
evened their four-game series with the New York Yankees with a 4-3 win.
Butler's 1
Nate Montana tries to make own name at Notre Dame >>
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Purdue excited about receiving corps >>
WEST LAFAYETTE, Ind. (AP) -Purdue is excited about new quarterback Robert Marve, and nearly as thrilled with the players he'll be throwing to.Marve, a transfer from Miami, said Friday that this is the best group of receivers he has been around.Keith
Stewart passes physical, practices with Panthers >>
SPARTANBURG, S.C. (AP) -Carolina Panthers running back Jonathan Stewart has passed his physical and is cleared to practice for the first time since offseason heel surgery.Stewart participated in individual drills, but was held out of team work Satur
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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