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A Cyber Bookie

February, 20 2012


Slovenia routs Australia to reach quarterfinals

Basketball Betting Lines

09/05/2010 - Istanbul, Turkey (Sportsbook Betting Lines) - Jaka Lakovic scored 19 points in Slovenia's 87-58 rout of Australia to reach the quarterfinals of the 2010 FIBA World Championships.

Primoz Brezec added 12 points for Slovenia, which will play either Turkey or France in the next round on Wednesday. Goran Dragic had 10 points, while Miha Zupan, Uros Slokar and Sani Becirovic each had eight in the win.

Patrick Mills and Joseph Ingles each scored 13 points for Australia, which was 3-2 in group play. Matthew Nielsen added 12 points in a losing cause.


<< 2010 World Basketball Championship update - September 5th
(Sportsbook Betting Lines) - Slovenia 87, Australia 58 Turkey vs. France, 2 p.m.

<< Rangers' Hamilton sidelined with bruised ribs
Minneapolis, MN (Sportsbook Betting Lines) - Texas Rangers outfielder and AL MVP candidate Josh Hamilton will be sidelined for an undetermined period of time with a bruised left ribcage. Hamilton made a catch in centerfield near the wall in

<< Clijsters breezes into quarterfinals in New York
Flushing Meadows, NY (Sportsbook Betting Lines) - Defending champion Kim Clijsters needed just 59 minutes to post a straight set victory over former World No. 1 Ana Ivanovic in fourth round action at the 2010 U.S. Open. Clijsters, the second

<< A-Rod in Yankees' lineup
Bronx, NY (Sportsbook Betting Lines) - Yankees third baseman Alex Rodriguez is in Sunday's lineup, batting fourth against the Toronto Blue Jays. Rodriguez, who last played on August 20 against Seattle, suffered a strained left calf that for

<< In the FCS Huddle: Major upsets don't make the other games minor
Philadelphia, PA (Sportsbook Betting Lines) - There are no ifs, ands or buts about it, when a Football Championship Subdivision team upsets a major-conference team, it deserves to be in the spotlight as much as any other team across the nation. Think

TV ratings for Notre Dame opener up 77 percent >>
NEW YORK (AP) -The start of the Brian Kelly era attracted a large television audience for Notre Dame.Saturday's preliminary rating was up 77 percent from last year's opener. NBC said Sunday that the Fighting Irish's 23-12 win over Purdue drew a 2.3

Smyth wins Senior Masters by three >>
Woburn, England (Sportsbook Betting Lines) - Ireland's Des Smyth posted a three-under 69 Sunday to win the Travis Perkins Senior Masters by three strokes. Smyth finished the event at 10-under-par 206. The victory was Smyth's third on the European Seni

Bomar, Pascoe among 7 on Giants practice squad >>
EAST RUTHERFORD, N.J. (AP) - Quarterback Rhett Bomar is back with the New York Giants.Bomar, who threw more passes than any other Giant this preseason, was among seven players signed to the team's practice squad on Sunday.The Giants say they also si

No. 5 Texas' new running game unimpressive >>
AUSTIN, Texas (AP) -Texas spent the offseason loading up a new power running game that was going to get tough yards and first downs when they need it.The Longhorns still have some work to do.By the numbers, Texas was able to grind out 197 yards on 4

With Hampton out, Robinson shines for No. 9 Iowa >>
IOWA CITY, Iowa (AP) -The anticipation for Iowa sophomore running back Jewel Hampton's return from knee surgery and a one-game suspension has reached a fevered pitch in Iowa City.Meanwhile, Adam Robinson keeps moving the chains.Robinson, an unherald

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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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Bonds nearly hits HR 751, SF wins
4 and drove in a pair of runs, and Barry Bonds nearly hit homer No. 751 as San Francisco beat 1, in the middle contest of three at AT&T Park. 6) allowed five hits and one run over 6 2/3 innings, fanning eight and walking three. game slide. Bonds, who came within five homers of Hank Aaron's record on Friday, went 1 with three walks, an RBI double and scored twice. The double ... read more


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NFL FOLDS EUROPEAN LEAGUE

The NFL folded its development league in Europe after 16 years Friday. The decision was made so the league could put a stronger international focus season games outside the United States. The announcement came less than a week after the Hamburg Sea Devils beat the 28 in the World Bowl championship in Frankfurt before a crowd of 48,125. Five of the league's six teams were based in Germany, while the other was in Amsterdam, Netherlands. season games outside the United States. The first such game is October 28 in London, England between the Miami Dolphins and the New York Giants. focus the NFL's strategy on initiatives with global impact, including worldwide media coverage of our sport and the staging of seas... more

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