Nuggets sign Harrington
Basketball Betting Lines
07/15/2010 -
Denver, CO (Sportsbook Betting Lines) - The Denver Nuggets have signed free agent
forward Al Harrington. Terms of the deal weren't released, but it's believed
to be a five-year, $34 million contract.
Harrington averaged 17.7 points, 5.6 rebounds and 1.5 assists last season for
the New York Knicks. He also shot over 34 percent from three-point range.
Over his 12-year NBA career, he has averaged 14.1 points and 5.8 rebounds,
also spending time with Indiana, Atlanta and Golden State.
<< Goldberg leads Canadian Tour's Players Cup
Winnipeg, MB (Sportsbook Betting Lines) - Aaron Goldberg shot a six-under 65 to take the
first-round lead Thursday at The Players Cup.
Goldberg had six birdies in a flawless round on the Pine Ridge course to build
a one-stroke lead over Brady Stockto
<< Rangers use big first inning to beat Red Sox
Boston, MA (Sportsbook Betting Lines) - Bengie Molina's two-run home run capped a six-
run first inning as the Texas Rangers downed the Boston Red Sox, 7-2, to start
the second half of the season.
Nelson Cruz went 3-for-5 with three RBI and a r
<< Seattle edges D.C. United with late winner
Washington, D.C. (Sportsbook Betting Lines) - Roger Levesque scored in the 89th minute
and Kasey Keller made five saves, leading Seattle Sounders FC to a 1-0 victory
over D.C. United in MLS on Thursday night at RFK Stadium.
Keller made a few great s
<< Bettencourt leads DiMarco in Reno
Reno, NV (Sportsbook Betting Lines) - Matt Bettencourt shot a six-under 66 to take the
first-round lead Thursday at the Reno-Tahoe Open.
Bettencourt earned his first 18-hole lead on the PGA Tour largely due to an
eagle at the 17th hole. He moved
<< Prado, Jones homer as Braves edge Brewers
Atlanta, GA (Sportsbook Betting Lines) - Martin Prado and Chipper Jones each homered in
the third inning off Dave Bush, as the National League East-leading Atlanta
Braves held on for a 2-1 win over the Milwaukee Brewers in the opener of a
four-ga
Carpenter masters Dodgers again >>
St. Louis, MO (Sportsbook Betting Lines) - Chris Carpenter pitched eight strong innings
and remained unbeaten against the Dodgers, and the St. Louis Cardinals started
the post All-Star break with a 7-1 win in the opener of a four-game series.
Carpent
Ramirez, Cubs clobber Phils >>
Chicago, IL (Sportsbook Betting Lines) - Aramis Ramirez wiped the slate clean from a
dreadful first half, driving in four to set the tone of Chicago's 12-6 victory
over Philadelphia in the first of four games at Wrigley Field.
The second half st
ChiSox win ninth straight, edge Twins >>
Minneapolis, MN (Sportsbook Betting Lines) - Gordon Beckham hit a solo home run and
drove in two as the Chicago White Sox took an 8-7 win over the Minnesota Twins
to begin the second half of the season.
Juan Pierre went 3-for-4 with an RBI and tw
Lincecum blows out candles, blows away Mets >>
San Francisco, CA (Sportsbook Betting Lines) - Tim Lincecum shut out the Mets, becoming
the second-fastest Giants pitcher to win 50 games, as San Francisco posted a
2-0 victory in the opener of a four-game set at AT&T Park.
It took the hard-th
Pineiro beats former team, Angels down Mariners >>
Anaheim, CA (Sportsbook Betting Lines) - Joel Pineiro threw seven solid innings to win
his seventh straight decision and the Angels got three RBI apiece from Erick
Aybar and Bobby Abreu in a 8-3 win over the Seattle Mariners to start the post
All-Sta
MySportsbook.com refunds all bets on Oakland, Green Bay and Tampa Bay from NFL week one.
(September 14) – Week one of NFL action saw three teams go scoreless for the first time since 1977. Another four were unable to get a touchdown and almost half of the underdogs covered the spread. Those three teams saved bettors at MySportsbook.com from losing out completely, thanks to the company’s unique NFL Shutout Rule -- which ensures that if the team you backed goes scoreless, your wager is refunded.
Sportsbook refunded tens of thousands of dollars to customers who bet on Oakland, Green Bay and Tampa Bay, the three teams that stunk up the field so badly that their fans and backers never had a chance to get up from their couches and cheer. In the spirit of the low scoring start to the season, odds makers at the world’s largest online sportsbook and casino have set odds on how many total shutouts there will be this season.
MySportsbook.com has posted updated sports betting lines for week two of the season. Ben Roethlisberger’s health status is still questionable, so Willie Parker will try to lead Pittsburgh again as they travel to Jacksonville as a one point favorite. After beating up on his little brother last week, Peyton Manning will look to lead the Colts to victory against Houston. Indianapolis is a whopping 13.5 favorite in the match-up.
Seattle, last year’s highest scoring team, showed the power of their defense with their gritty 9-6 win in Motown over the ravenous Lions. They take their act back home to the comforts of Qwest Field where they will face the resurgent Arizona Cardinals. The Seahawks are favored by a touchdown.
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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.
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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