12/01/2008 - Denver, CO (Sportsbook Betting Lines) - The Colorado Rockies offered left-handed relief pitcher Brian Fuentes salary arbitration on Monday.
The Rockies will receive two draft picks should Fuentes decline arbitration and sign elsewhere.
Fuentes has until midnight (et) Sunday to accept or decline arbitration. The Rockies career saves leader finished with 30 saves in 34 opportunities with a 2.73 earned run average over 67 games last season. Fuentes has 115 career saves, all during his seven seasons with Colorado.
<< Burnett offered arbitration by Blue Jays
Toronto, ON (Sportsbook Betting Lines) - The Toronto Blue Jays offered salary
arbitration to star right-handed hurler A.J. Burnett on Monday.
Burnett finished second to ace Roy Halladay in wins for Toronto a season ago,
going 18-10 with
<< Yankees decline salary arbitration with Pettitte, others
Bronx, NY (Sportsbook Betting Lines) - Pitcher Andy Pettitte and right fielder Bobby
Abreu were both not offered salary arbitration by the New York Yankees prior
to a midnight (et) deadline on Monday.
Both players earned $16 million last season
<< Royals offer arbitration to Grudzielanek
Kansas City, MO (Sportsbook Betting Lines) - The Kansas City Royals have offered
arbitration to second basemen Mark Grudzielanek.
The 38-year-old Grudzielanek has until the conclusion of Sunday to accept the
offer. If he rejects the offer a
<< Angels offer Teixeira, K-Rod, Garland arbitration
Anaheim, CA (Sportsbook Betting Lines) - The Angels offered salary arbitration to first
baseman Mark Teixeira, closer Francisco Rodriguez, starting hurler Jon Garland
and southpaw Darren Oliver on Monday.
Teixeira, Rodriguez and Oliver are Type-A
Harris paces Orange to rout of Colgate >>
Syracuse, NY (Sportsbook Betting Lines) - Paul Harris netted 22 points as the 16h-ranked
Syracuse Orange dominated the Colgate Raiders in an 86-51 win at the Carrier
Dome.
Jonny Flynn had 12 points and a game-high seven assists for Syracuse (7-0)
Red Sox offer arbitration to Varitek and Byrd >>
Boston, MA (Sportsbook Betting Lines) - The Boston Red Sox have offered salary
arbitration to free agent catcher Jason Varitek and right-handed pitcher Paul
Byrd.
The Red Sox would be eligible to receive compensation for Varitek, a Type
Rinne gets first career shutout as Predators top Sabres >>
Buffalo, NY (Sportsbook Betting Lines) - Pekka Rinne recorded his first career shutout
as Nashville scored twice in the third period for a 2-0 win over Buffalo at
HSBC Arena.
Rinne, who was a perfect 3-0-0 entering the game, stopped all 30 s
Richardson paces Bobcats over Timberwolves >>
Charlotte, NC (Sportsbook Betting Lines) - Jason Richardson scored a season-high 25
points, and Emeka Okafor added a season-best 24 points to go along with 10
rebounds, as Charlotte downed Minnesota, 100-90.
The Bobcats also got a season-h
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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