02/08/2010 - Indianapolis, IN (Sportsbook Betting Lines) - Indiana Pacers forward/center Jeff Foster will undergo season-ending surgery for lower back pain following the All-Star break.
Foster is expected to make a full recovery and participate in training camp in the fall.
The 33-year-old Foster has averaged 3.1 points and 5.1 rebounds in 16 games this season.
<< Vesnina, Szavay advance in France
Paris, France (Sportsbook Betting Lines) - Eighth-seeded Elena Vesnina and Hungarian
Agnes Szavay were Monday's first-round winners at the $700,000 Open GDF Suez
tennis tournament.
The Russian Vesnina vaulted past Romanian Alexandra Dulgheru 6
<< Stricker up to second in world rankings
Philadelphia, PA (Sportsbook Betting Lines) - Steve Stricker's victory on Sunday at the
Northern Trust Open moved the American to second in this week's world
rankings.
Tiger Woods remained in first, followed by Stricker, who was third last
<< Gainey stepping down as Canadiens GM
Montreal, QC (Sportsbook Betting Lines) - Montreal Canadiens general manager Bob Gainey
will reportedly step down from his post, as the team has scheduled a press
conference for 4 p.m. (et).
According to a report by TSN Canada, assistant general
<< Connecticut continues to top women's poll
New York, NY (Sportsbook Betting Lines) - Connecticut remained a unanimous choice as the
top-ranked team in women's college basketball, as the Associated Press
released its latest poll Monday.
The Huskies (23-0) enter the week with a 62-gam
Brewers to honor Selig with statue >>
Milwaukee, WI (Sportsbook Betting Lines) - The Milwaukee Brewers announced Monday that
they will honor former owner and current baseball commissioner Bud Selig with
a statue at Miller Park.
It will be the third statue built at Miller Park, joining
Gainey steps down as Canadiens GM, Gauthier takes over >>
Montreal, QC (Sportsbook Betting Lines) - Montreal Canadiens general manager Bob Gainey
has decided to step down from his post and hand the reins over to Pierre
Gauthier, the club announced on Monday.
"After a long and difficult period of
Yankees add Thames to outfield mix >>
New York, NY (Sportsbook Betting Lines) - The New York Yankees have reportedly added
Marcus Thames with a one-year contract worth $900,000 if he makes the team.
SI.com and the New York Post reported the signing. Thames is expected to
compete
Rachel Alexandra staying loose in Big Easy >>
New Orleans, LA (Sportsbook Betting Lines) - Less than 12 hours after the New Orleans
Saints captured Super Bowl XLIV, the other champion residing in the Big Easy
took to the track for a jog.
Horse of the Year Rachel Alexandra took a jog aroun
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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