11/18/2008 - East Rutherford, NJ (Sportsbook Betting Lines) - Hambletonian champ Deweycheatumnhowe will take on 10 challengers in the Breeders Crown race for three-year-old male trotters on Saturday, November 29 at The Meadowlands.
Deweycheatumnhowe won two of the three Triple Crown events this year and will attempt to become just the third standardbred to win Breeders Crown finals as a two and three-year-old. The colt will be driven by trainer and co-owner Ray Schnittker.
Hambletonian winners Mack Lobell and Malabar Man are the only horses to win consecutive Breeders Crown championships as juveniles and sophomores.
Deweycheatumnhowe has won 21 of 23 races with earnings of just over $3 million. This year he has won 12 of 14 starts for $2,158,987.
The field of three-year-old trotters will be completed by Broadway Marquis, Celebrity Secret, Clerk Magistrate, Cloud Casino, Crazed, Holiday Credit, In Focus, John Paul's Legacy, Make It Happen, and Napoleon.
<< Marlies center Deveaux suspended four games
Springfield, MA (Sportsbook Betting Lines) - The American Hockey League announced
that Toronto Marlies center Andre Deveaux has been suspended for four games as
a result of his actions in a game vs. Manitoba this past Saturday.
The loss of De
<< Wild call up Schaefer to replace Harding
St. Paul, MN (Sportsbook Betting Lines) - The Minnesota Wild called up goaltender Nolan
Schaefer from their American Hockey League affiliate, the Houston Aeros, on
Tuesday after Wild goalie Josh Harding did not participate in the team's pre-
game sk
<< Cubs re-sign Dempster to four-year deal
Chicago, IL (Sportsbook Betting Lines) - The Chicago Cubs have apparently re-signed
right-hander Ryan Dempster. The Newark-Star Ledger and the Chicago Sun-Times
are reporting that the deal is for four years and is worth $52 million.
Dempster r
<< Bologna adds former Lazio, Inter player Aparecido
Bologna, Italy (Sportsbook Betting Lines) - Serie A strugglers Bologna has bolstered
its squad with the signing of former Lazio and Inter Milan midfielder Cesar
Aparecido.
The 34-year-old Brazilian is a free agent after leaving Inter at t
Barca president expects to sign Xavi to extension >>
Barcelona, Spain (Sportsbook Betting Lines) - Barcelona president Joan Laporta has calmed
fears over the future of midfielder Xavi at the Camp Nou, insisting that talks
over a new contract will come to a successful conclusion.
The 28-year-old Spain
Boston's Pedroia named AL MVP >>
New York, NY (Sportsbook Betting Lines) - Boston Red Sox second baseman Dustin Pedroia
has been named the American League's Most Valuable Player, as voted on by the
Baseball Writers' Association of America.
Pedroia, last year's AL Rookie of the Year
St. Louis claims forward Crombeen >>
St. Louis, MO (Sportsbook Betting Lines) - The St. Louis Blues claimed forward B.J.
Crombeen on waivers from the Dallas Stars on Tuesday.
Crombeen, 23, has appeared in 15 games with Dallas this season and has one
goal and four assists along w
BCS and ESPN reach four-year deal >>
Bristol, CT (Sportsbook Betting Lines) - The Bowl Championship Series is moving to
cable, as ESPN has agreed to a four-year deal to broadcast the Fiesta, Orange
and Sugar Bowls from 2011-2014.
ESPN will also broadcast the BCS National Champion
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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