Falcao tabbed as new Bahia boss
Soccer Betting Lines
02/08/2012 - Bahia, Brazil (Sportsbook Betting Lines) - Paulo Roberto Falcao was named the new manager of Bahia on Wednesday, replacing Joel Santana, who left the club for Flamengo.
Falcao spent a short time at Internacional last season before being sacked following a poor run of results.
The 58-year-old joins Bahia on an 11-month contract and will try to bring the club its first trophy in 11 years.
Vancouver, BC (Sportsbook Betting Lines) - The defending champion British Columbia Lions inked defensive back Korey Banks to a contract extension on Wednesday. Terms of the deal were not disclosed. "Over the past number of years, Korey has bee
<< Mutuel field favored in Kentucky Derby Future Wager
Louisville, KY (Sportsbook Betting Lines) - The mutuel field, undefeated Algorithms and
Union Rags are listed as the three favorites for the first Kentucky Derby
Future Wager for the 2012 Run for the Roses.
The pool is comprised of 23 individua
<< Thigh injury sidelines Inter's Samuel
Milan, Italy (Sportsbook Betting Lines) - Inter Milan defender Walter Samuel could miss
the next two weeks after picking up a thigh injury in Sunday's 4-0 defeat to
Roma.
The former Argentina international was replaced at halftime of the loss an
<< Providence picked to host 2013 AHL All-Star Classic
Providence, RI (Sportsbook Betting Lines) - The American Hockey League selected
Providence, Rhode Island, as the host for the 2013 All-Star Classic on
Wednesday.
"The American Hockey League is excited to be returning to one of its fo
<< Delaware State will play Cincinnati in 2012
Dover, DE (Sportsbook Betting Lines) - Visits to the University of Cincinnati and the
University of Delaware help highlight Delaware State's 2012 football schedule.
The Hornets are coming off a 3-8 season in Kermit Blount's first year as head
coach.
Houston, TX (Sportsbook Betting Lines) - The 2013 All-Star Game will be held in Houston, the NBA officially revealed on Wednesday. The game itself will be played at the Toyota Center on Sunday, February 17 with All-Star festivities starting two da
Padres take a flyer on Jeff Suppan >>
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres on Wednesday signed
veteran hurler Jeff Suppan to a minor league contract with an invitation to
spring training.
Last season, the 37-year-old right-hander went 11-8 with a 4.7
Good weather means increases at Oaklawn >>
Hot Springs, AR (Sportsbook Betting Lines) - Not one day of racing has been missed at
Oaklawn Park in 2012 allowing the track to increase daily purses. The track
announced Wednesday that overnight purses are going up $5,000 a day starting
this we
Super Bowl underdogs cash in again >>
Philadelphia, PA (Sportsbook Betting Lines) - Betting the underdog in the Super Bowl is
never a sure thing as evidenced by Green Bay's win and cover as the favorite
in the 2011 contest. However, with the Giants victory as 2.5-point underdogs
last S
Capello walks away from England post >>
London, England (Sportsbook Betting Lines) - The Football Association confirmed on
Wednesday that Fabio Capello has resigned as England manager.
Capello was critical of the FA in an interview with Italian television when it
was announced that J
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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