08/26/2008 - Atlanta, GA (Sportsbook Betting Lines) - The Florida Marlins activated pitcher Doug Waechter from the 15-day disabled list on Tuesday.
Waechter was put on the shelf on August 11 with inflammation in his rotator cuff.
In 39 games this season, the righthander is 3-2 with a 3.51 ERA,
In a related move, the team placed lefthander Renyel Pinto on the 15-day DL with a left hamstring strain. Pinto is 2-5 with a 4.50 ERA in 65 outings this year.
<< Bears part ways with Manning
Lake Forest, IL (Sportsbook Betting Lines) - The Chicago Bears terminated the
contract of veteran cornerback Ricky Manning, Jr. on Tuesday.
Manning came to the Bears in 2006 as a free agent and in 31 games, he has
posted 106 tackles,
<< Edmonton's Harris highlights CFL weekly awards
Toronto, ON (Sportsbook Betting Lines) - A.J. Harris and Dario Romero of the Edmonton
Eskimos were among the top players for the CFL for Week 9.
Harris earned offensive honors after running for a CFL season-high 189 yards
and a score, plus 30
<< Confidence bubbling to surface for Red-hot Bulls
East Rutherford, NJ (Sportsbook Betting Lines) - It started out as a small bubble on
July 19, when the New York Red Bulls battled to a 2-2 draw with the Los
Angeles Galaxy to snap a two-game losing streak in Major League Soccer play.
A couple more bub
<< Safin sneaks out U.S. opener
Flushing Meadows, NY (Sportsbook Betting Lines) - Former champion Marat Safin was a
hard-fought first-round winner Tuesday at the U.S. Open.
An unseeded Safin went the distance to get past veteran American Vincent
Spadea 3-6, 6-2, 6-3, 4-6, 6-4 at
Ivanovic, Serena reach round two at the Open >>
Flushing Meadows, NY (Sportsbook Betting Lines) - World No. 1 Ana Ivanovic and former
top-ranked star Serena Williams were among Tuesday's first-round winners at
the U.S. Open.
The Serbian Ivanovic, who's battled a thumb injury in recent weeks, snuc
MLB enacts instant replay for home run calls >>
New York, NY (Sportsbook Betting Lines) - Major League Baseball announced Tuesday that
it will enact instant replay for home run calls this week, becoming the last
of the four major North American sports leagues to do so.
The use of replay will
Detroit calls up Lambert to make debut >>
Detroit, MI (Sportsbook Betting Lines) - The Detroit Tigers purchased the contract of
pitcher Chris Lambert from Triple-A Toledo to make his major league debut
Tuesday against the Cleveland Indians.
Lambert, 25, was 12-8 with a 3.50 earned r
Panthers sign WR Parker >>
Charlotte, NC (Sportsbook Betting Lines) - The Carolina Panthers signed wide receiver
Samie Parker on Tuesday.
Parker, who was signed by Denver as an unrestricted free agent on April 15 and
released on Monday, spent the first four seasons of hi
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. “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).
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.
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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