Minimum wager reduced at Oaklawn on some exotics
Horseracing Betting Lines
12/15/2011 - Hot Springs, AR (Sportsbook Betting Lines) - Three exotic wagers for the upcoming 2012 Oaklawn Park racing season have received lower minimum bets. Oaklawn's live racing year gets underway on Friday, January 13.
The minimum wager for the Pick 3 and Pick 4 has been lowered to 50 cents and a $1 minimum has been set for the Pick 6, known as the Classix,
"We looked at what other tracks are doing and listened to feedback from our customers in putting together our 2012 wagering menu," said Assistant General Manager of Racing David Longinotti. "We are really looking forward to the start of the meet and seeing how the horseplayers respond."
Oaklawn Park's racing season will conclude on Saturday, April 14 with the running of the $1 million Arkansas Derby.
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Phillies signed pitcher Dontrelle Willis to a one-year contract Thursday. Willis made 13 starts for the Cincinnati Reds last season, recording a 1-6 record with a 5.00 earned run ave
<< Penn State needs more time to respond to NCAA
State College, PA (Sportsbook Betting Lines) - Penn State has requested additional time
to respond to questions asked by NCAA President Mark Emmert in a November 17
letter.
The NCAA is investigating the university's handling of accusations of ch
<< Warriors sign F McGuire
Oakland, CA (Sportsbook Betting Lines) - The Golden State Warriors signed forward
Dominic McGuire on Thursday.
As per team policy, financial terms of the agreement were not disclosed.
McGuire, 26, played for the Charlotte Bobcats last sea
<< Redskins place Landry on IR
Ashburn, VA (Sportsbook Betting Lines) - For the second straight year, the Washington
Redskins placed safety LaRon Landry on injured reserve with an Achilles
injury.
"It's not torn, but it is quite sore," Redskins head coach Mike Shanahan sa
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Lynchburg, VA (Sportsbook Betting Lines) - On the day Turner Gill was introduced as its
new head football coach, Liberty University announced Thursday it will conduct
a study to determine the feasibility of moving its program from the Football
Championsh
Norfolk, VA (Sportsbook Betting Lines) - Old Dominion football will play six home games in 2012, kicking off the season against Duquesne on Sept. 1. The Monarchs, who were 10-3 in their third season this year, also will play non-conference games on Se
Swiss club FC Sion loses battle with UEFA >>
Geneva, Switzerland (Sportsbook Betting Lines) - Swiss club FC Sion lost its legal fight
with UEFA on Thursday, as the Court of Arbitration for Sport (CAS) decided the
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Sion qualified
Bridgestone Arena to remain name of Predators' arena >>
Nashville, TN (Sportsbook Betting Lines) - The Nashville Predators/Bridgestone Arena and
Bridgestone Americas Inc. on Thursday announced a five-year extension on the
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Richmond to visit Virginia in Rocco debut >>
University Richmond, VA (Sportsbook Betting Lines) - The University of Richmond
announced its 2012 football schedule under new head coach Danny Rocco on
Thursday.
Rocco will make his Richmond debut on Sept. 1 at the University of Virginia.
He was a C
Da Silva quits Godoy Cruz >>
Buenos Aires, Argentina (Sportsbook Betting Lines) - Godoy Cruz coach Jorge da Silva has
resigned, even after leading the club to a berth in the 2012 Copa Libertadores
tournament.
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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.”
To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.
MySportsbook.com : Fortune Favors Favorites in March Madness betting?
Just like Day 1 of the “Sweet 16”, Friday’s games are chock full of some of the nation’s elite. Unlike Thursday’s games, there is a little bit more of a “Cinderella” feel as #7 seed UNLV and #6 seed Vanderbilt will attempt to move on to the Elite Eight. With powerhouses Florida, UNC and Georgetown looking to continue their momentum against lesser known teams, it isn’t surprising that once again the “betting public” is backing most of the favorites. As the early coin rolls in, 56% of Sportsbook.com bettors prefer Georgetown (-7.5) as they take on Vanderbilt; 84% of the early money is backing Oregon (-3) as they square off against UNLV; and a slight majority (52%) of the early cash is on Florida (-10.5) against Butler as the Gators continue their quest for another National Title. The only favorite the public don’t seem confident in is UNC, as 59% of the cash is backing the underdog Trojans (+8).
Midwest
#1 Florida vs. #5 Butler
The defending National Champs have been on a mission since last April. Joakim Noah and Al Horford turned down millions of dollars for one reason, to REPEAT. After a late season hiccup which saw them lose three out of four, the Gators have won six straight by an average of 20.3 points. More importantly, they covered in five of those six games. Behind their stymie defense that yields only 56.9 PPG, Butler has been a very pleasant surprise this season. As their 20-11 ATS record will indicate, “surprise teams” like Butler are often good bets for gamblers. Playing in an average conference, Butler wasn’t and underdog too often but when they were, they covered (6-0 ATS). Butler’s defense will have its hands full against a Gators offense which averages 80.1 PPG on an amazing 52.9% shooting from the field. With Florida’s tournament experience over the last few years, it isn’t surprising that they are 5-1 ATS this season, 20-4 ATS over the last three seasons and 38-20 since 1997 in tournament action.
#3 Oregon vs. #7 UNLV
As a #7 seed, UNLV is the closest thing to a “Cinderella” we have this year. If you bet on UNLV this season with any regularity, you most likely cashed in. Behind their guard oriented attack, the Rebels are an impressive 20-11 ATS this season. As an underdog they covered in 8 out of their ten games which isn’t surprising since they are 52-30 ATS as a ‘dog since 1997. The Rebels have been a consistent cover during the month of March as well. This March they are 6-0 ATS, 11-3 ATS over the last three seasons and 24-11 since 1997. Their impressive ATS trends don’t end there; versus teams with a winning record they are 15-6 ATS this season and 41-21 over the last three seasons. Although Oregon hasn’t been as generous to gamblers as UNLV this season, they have been covering consistently as of late. There is no question that they are playing their best ball of the season having won their last 8 straight up (SU) by an average of 14.5 points. Not surprising they covered in 7 of those games. It is interesting to note how similar these teams are in regards to scoring and scoring defense. UNLV averages 75 PPG while giving up 66.5 PPG and Oregon scores 75.8 PPG while yielding 65.5 PPG.
East
#6 Vanderbilt vs. #2 Georgetown
“Hoya Paranoia” is officially back! After a decent start, Georgetown has rolled through the second half of the season. Over their last 18 games, they are 17-1 SU. They have definitely improved ATS as the season has progressed as well. After opening the season 1-4-1 ATS, the Hoyas have covered 78.3% of their games. With their great interior play of Jeff Green and Roy Hibbert, the Hoyas as a team shoot 50.5% from the field. Like the Georgetown teams from years ago, they also excel on defense. Hoya opponents averaged only 56.8 PPG on 38.2% shooting from the field and an extremely low 30.4% from beyond the arc. The last stat could be of some concern to Vanderbilt considering they shoot 37.7% from long-range. Ranking second to last in the SEC in rebounding margin, Vanderbilt will have its work cut out for them against the Hoya trees. As far as covering is concerned, Vanderbilt has been almost a “sure thing” (7-1 ATS) versus good defensive teams that allow less than 64 PPG.
#1 UNC vs. # 5 USC
The Tar Heels are as talented and as deep as any team in the country. Going ten deep and chock full of HS All-Americans, UNC averages 86.1 PPG and scored 100+ seven times. Led by All-American forward, Tyler Hansbrough (18.6 PPG 7.9 RPG) UNC has a very balanced attack which can kill you on the inside as well as on the perimeter. UNC only real concern is their youth as eight of their rotation players are either sophomores or freshmen. UNC was a reliable cover this season going 20-13 ATS. An intriguing covering trend for the Tar Heels in recent years has been how they fared after non-conference games. This season they are 11-3 ATS after non-conference games and over the last three seasons they are 31-13 ATS. USC is also a pretty deep team which is loaded with swingman types. An match-up to keep an eye on will be freshman forward Taj Gibson (12.1 PPG, 8.6 RPG) as he squares off against the AA Hansbrough. USC has been a covering machine this season achieving a 21-10 record ATS. They have thrived in the underdog role, having covered 10 out of 12. When playing a team with a winning record, the Trojans are an incredible 20-6 ATS. Keep in mind, USC dedicated their season to former star to Ryan Francis who passed away before the season so as they get closer to the ultimate goal, emotion could definitely be on their side.
With Friday -105 juice on Basketball betting, MySportsbook.com is the place to bet on all of the “March Madness” action. Don’t forget to monitor who the public is backing at this sportsbook “Betting Trends”. By doing so, you have the best chance of predicting a possible line change, thus getting the best value for your wager.
To bet on March Madness games this online sportsbook accepts credit cards
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