How the Sports Betting Line is Made by RJ Bell

. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. This usually includes having up-to-date power ratings on each team.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. The power ratings are adjusted after each game a team plays. People think it’s much more complicated, but it’s not.”

“You either have a passion for it or you don’t,” Seba said. We do this by drawing from past experiences and applying them to current situations.

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. 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. 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.

Once betting begins, sportsbooks can adjust the line at any time.

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. 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. By moving the line, sportsbooks can influence how the public bets on a particular game. “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). Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

How the Opening Line Is Made

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. 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’).

“The main objective is that our clients get equal action on both sides,” Seba said.

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.

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. If we’ve done that, we’ve done our job.”

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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. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach.

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

Why the Line Changes

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. Reasons for such adjustments include:

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account.

Experts working for the individual books having a strong opinion on the game

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.

“The #1 thing for us is to make a line for each game that creates good two-way 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).

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)

What Is the Line Trying to Accomplish?

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.

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.

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. Of course there is an entire method to the madness on how the opening line is created. 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.

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. In doing so they attempt to make more attractive the team that is getting less action. 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. 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

Children and Sports

He/she should be allowed to play a game that is suitable for his/her age and liking, and also be able to express opinions and concerns about the particular sport that he/she plays.

Popular Sports for Children

Children usually love playing sports, and it is the responsibility of parents to handle this in the right manner. It pays to find a sport that suits the specific skills of a child, and the kid should not be forced to take up a sport that he does like. Some kids can grow up loving sports, whereas some may grow up hating them. Every child has his limits, and he should be allowed to learn a game and develop at his own pace, with a little help alongside from the parents and coaches. Apart from this, if the child possesses a natural inclination towards a sport, he/she may even be able to pursue a career in it. They should learn how to encourage the child, and should also show the child how to overcome such difficulties. This will also give him the opportunity to pick a sport of his choice.

Role of Sports in the Development of Children. Sports can have a very significant role in the development of a child, and is something that should not be taken lightly.

Inculcating the right values and the spirit of teamwork in kids is something that parents always strive for, and sports have an uncanny way of imparting these values to the kids. It is necessary to help these children overcome anxieties and worries so that they can enjoy the sport that they play and thus benefit from it.

There are plenty of choices when it comes to picking a sport that the child will truly enjoy. Soccer

Baseball

Basketball

American football

Hockey

Ice hockey

Running and jogging

Swimming

Bicycling

Martial arts

Tennis and other racket sports

There are plenty more games out there that kids can pick from.

Thus, clearly, playing sports has numerous benefits in a child’s mental and physical conditioning. However, it is equally necessary not to push the child too hard. In the following lines, we shall look at the important role that playing sports can play in a child’s life and its development.

Injuries are a common in most sports, and often this is a result of the child being pushed too hard to succeed. This is another reason why this matter should be handled with utmost sensitivity.

Here are some popular games that children can take up.

Let’s have a look at some of the many benefits that children can avail by being exposed to sports at a young age.

They get physical exercise, so they are fitter when they grow up.

They understand the importance of teamwork and coordination.

They become stronger and competitive in a health manner, rather than submissive and meek.

They learn to respect other people.

They become more communicative and outgoing.

Their self-esteem gets boosted.

They get exposure to different people and situations.

They realize the importance of working hard.

It is true that not all children experience these benefits, with some even having to go through rejection and teasing because of the same sports that bring all these advantages. Many parents often make this mistake, and this is something that should be strictly avoided as forcing a child to play a particular game is likely going to have negative repercussions in the future.

It is also important to remember not to push a child too hard to play a particular game. This is where the role of the parents and the coaches become important. This can be done by bettering their game and by improving their physical fitness levels.

Young children and sports is a rather delicate combination, and it needs to be handled responsibly

Sports bar may become sports book if Vegas scores a big bet in New Jersey

And last month NBA Commissioner Adam Silver said at a business conference that he was not opposed to the idea of sports betting and expected his league to participate in it at some point

It might not be long, though, before you can order an NFL three-teamer to go with that trifecta on the ponies.

Right now all they’re selling at the sports bar at Monmouth are food and drinks. An end-run around the federal prohibition of sports betting in all but four states is once again in play.

. It might even help rescue Atlantic City casinos that are struggling to attract customers in the wake of casino expansion around the country.

Of that, there is little doubt. There’s no shortage of sports fans in the New Jersey/New York area, and bookmakers believe they will line up from opening day on with fistfuls of cash to wager on games.

There are some signs that even that may be changing. “This is an area with some of the most storied franchises in American sports where billions of dollars are already bet on sports illegally.”

“We’re built out and ready to go,” said Joe Asher, who heads operations for betting giant William Hill U.S. 31 before U.S. Chris Christie signed a bill into law approving sports betting, only to see it derailed in court because it conflicts with federal law.

Unfortunately for would-be bettors, not everyone is enamored with the idea of sports betting. Lawyers for the four leagues and the NCAA will argue Oct. District Judge Michael Shipp that the injunction he issued last year upholding the ban should stay in place despite Christie’s announcement that the state would not be involved in regulating the betting.

New Jersey residents want it, voting overwhelmingly in 2011 to permit sports betting at race tracks and casinos. “I hope that signals a re-evaluation of what is obviously a mindset that does not comport with 21st Century reality.”

But now the issue is back before a federal judge, and all bets are off. Depending on how a judge rules, it could soon become the first fully functioning — and fully legal — sports book in the country outside of Nevada.

There’s a brand new sports bar at Monmouth Park with televisions hanging from nearly every available rafter.

For now, though, the NBA and the other major sports leagues are lining up against betting in New Jersey. They don’t understand that it’s a lot easier to monitor betting trends in legal books than with an illegal bookmaker operating out of a corner bar.

The William Hill Race and Sports Bar would become the William Hill Race and Sports Book. They’re stuck in the past, still believing that betting on sports draws undesirables and is somehow a threat to the integrity of the games themselves. Betting is limited to the expected finishing position of the horses on the track.

Asher says that if sports betting is allowed in New Jersey it could dwarf the $3.6 billion that was wagered legally on sports last year in Nevada, opening up an entire new industry on the East Coast.

The NFL, meanwhile, holds games every year in London where there are betting parlors on every block offering a line on the action. And that could be a game changer for anyone in New Jersey who likes to have a little action on their favorite team.

Should the door open in New Jersey, though, other states will surely follow, much the way they did when Atlantic City became the first place outside of Las Vegas to legalize casino gambling. The online market could explode, much like it is in Nevada where 36 percent of William Hill’s handle comes through bets on its mobile app.

“I believe the New Jersey market once fully up and going would be at least three times the Nevada market,” Asher said. Gov. “This is a very sizeable market.”

And the sharp guys from Vegas are poised, ready to jump in when they get the word.

“Obviously we read with great interest Commissioner Silver’s comments,” said Asher, whose company runs more than 100 locations in Nevada and 2,400 shops in the United Kingdom. Daily fantasy sports wagering is exploding online thanks to a loophole in the federal law, and looks very similar to sports betting.

Mostly empty now except on racing weekends at the horse track little more than an hour from Manhattan, it may not stay empty long