How the Sports Betting Line is Made by RJ Bell

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. 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. Why the Line Changes

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. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. “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).

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)

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

What Is the Line Trying to Accomplish?

How the Opening Line Is Made

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. People think it’s much more complicated, but it’s not.”

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. In doing so they attempt to make more attractive the team that is getting less 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). Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years.

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Once betting begins, sportsbooks can adjust the line at any time. This usually includes having up-to-date power ratings on each team. The power ratings are adjusted after each game a team plays.

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

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

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

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

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.

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

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. . 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.”

“You either have a passion for it or you don’t,” Seba said. By moving the line, sportsbooks can influence how the public bets on a particular game. Reasons for such adjustments include:

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. We do this by drawing from past experiences and applying them to current situations. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. 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’). By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. Of course there is an entire method to the madness on how the opening line is created.

“The main objective is that our clients get equal action on both sides,” Seba said. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks.

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

NBA Basketball Moneyline Bets

It can also be viewed as 2.5/1 odds.

The moneyline is a great bet in basketball betting, as long as you don’t get too carried away betting favorites. (You could also look at it as risking $3.30 for every $1.00 you want to win.)

The favorite bet then becomes a bet more to win less proposition.

For those of you who aren’t familiar with what a moneyline bet is, let us explain:

Point SpreadMoney Line-2-130/+110-2.5-140/+120-3-155/+135-3.5-175/+155-4-200/+170-4.5-220/+180-5/-5.5-240/+190-6-270/+210-6.5-300/+220-7-330/+250-7.5/-8/-8.5-360/+280-9/-9.5-400/+300-10-450/+325. While its very likely to cash, IF IT DOESN’T, you are screwed and in a hole BIGTIME.

So with a dog of +3, you would play the moneyline at +135 which would mean your bet would be risking $100 to profit $135 instead of taking it on the spread at +3 which would be risking $110 (more) to win $100 (less.)

A moneyline is just a fancy way for saying that we’re eliminating the point spread and making it so your team only has to win by one point.

Since that gives too much value to the favored team in the bet and is not fair to the underdog, we compensate for each by creating an odds to win style bet.

Here’s an odds conversion chart so you can get a look at what a point spread converts to when changed to a moneyline bet:

A great place to install a moneyline bet is when an NBA team is a short underdog, say +3 or less. Conversely, the underdog becomes a bet x amount to profit more proposition.

On the flip side, if you want to take a hoops underdog that would have been getting +7 points on the spread, this bet now pays +250 which means you bet $100 to PROFIT $250 (or profit $2.50 for ever $1.00 you risk). This isn’t always the case, but is often the case.

Before we go, may we recommend you check out the best places to bet on basketball on the web?

Losing one -450 play means you have to win 4.5 bets in a row just to break even and that is not easy in sports betting! In fact, it’s against the odds.

As you can see, if you take a basketball game with a favorite of -7 and change it to a moneyline bet, you are not risking $330 to win $100. It’s a SUPER play when betting short (small) underdogs.

The reason that the favorite pays less with more risk is because the outcome is more likely to happen. There’s a good chance that if the underdog is going to cover the +3 that they’ll also win the game straight up. Underdogs are less likely to happen, hence why their compensated at such a high rate.

Good luck in your action!

As some advice from somebody who has been there, don’t even for a second think that taking a -10 favorite and turning it into a -450 moneyline play is a solid bet

March Madness Means Bets, Basketball and Vasectomies?

for the swelling. Women undergoing this procedure need general anesthesia on top of a 30 minute procedure, according to the National Institutes of Health. Bruce Neal is also reporting a slight business uptick during the tournament.

“Usually because of the weather the way it is, a lot of people are going to be watching …[their] NCAA basketball team,” said Neal, of the BayClinic. had a plan for college basketball’s annual March Madness tournament: enter a bracket , take care of chores ahead of time, and get a vasectomy.

Health clinic runs vasectomy promotion

Complications, for men, according to Neal, include bleeding and infection in about one in 100 patients. Douglas Hoff, a urologist at the Oregon Urology Institute, said Bone is not alone. There are also more risks during recovery for women than men.. Wayne Kuang, of the American Urological Association, who practices in Albuquerque, N.M. Neal said most patients who start bleeding do so because they’ve ignored instructions to rest. Neal said in 20 years of doing 100 vasectomies per year, he has had one patient develop chronic pain.

“I don’t know if these were the guys who were on the fence and this pushed them over the edge, or if these are guys who would be doing it anyways,” said Hoff.

“From my experience in my geographic area, the top two scenarios are if it’s the end of the year, and they’ve met their deductible and they’re trying to fit it in… But the operation which requires only a local anesthesia, is much less demanding than tubal ligation. He says he’ll spend spare time playing with his five children.

In Green Bay, Wis., Dr.

“I think it’s hard to convince men, in general, to get health care,” said Neal. — that’s probably the biggest spike in the year,” said Dr. He’s seen twice as many vasectomy appointments in March than in any other month.

Although birth control is an option for many couples, urologists say men are far less likely to take the leap. for the 15-minute procedure on Thursday, which will leave him with a long weekend to sit at home and watch the games with his new promotional package: a cooler, a Subway sandwich coupon, a promotional T-shirt, a sports magazine and a bag of frozen peas, ah … The National Institutes of Health estimates that 15 percent of couples rely on female sterilization, but only 5 percent of couples rely on male sterilization as a form of birth control.

Like any surgical procedures, vasectomies have risks and a recovery time.

The other scenario is if the wife recently gave birth, and the couple has agreed it will be their last child, he said.

“I heard about this thing called ‘Snip City’ last year and I thought ‘that is a really good idea,'” said Bone, 38.

While more clinics are offering March Madness specials each year, the link between March Madness (or Vas Madness as an Austin, Texas office calls it) hasn’t reached all parts of the country yet.

Like many men, David Bone of Springfield Ore. so a lot of men will go undiagnosed with hypertension (high blood pressure) and heart disease.”

Dr. This is his second year of offering a March Madness promotion. In the past two years, more and more doctors across the nation have jumped on the tournament as a prime opportunity to get men to “take care of the equipment and lower your seed for the tourney,” as one advertisement for an Oregon urologist suggested.

Not Every State Hot on March Madness Vasectomies

However, Neal said once men enter his office the majority go through with the procedure.

Neal’s office also used a “Let our Boys Take Care of Your Boys” promotion at the end of the year to draw in more customers. and a professor at the University of New Mexico.

Bone said he visited the Oregon Urology Institute in Eugene, Ore. Very few men may also develop chronic pain after the procedure. “We thought we could catch people in their down time, and give them a reason to sit there and watch one basketball game after another.”

“What better way to spend March Madness than to have doctor’s orders to sit on the couch?” Bone, 38, told ABC News.

Get a Vasectomy and Some Cool Gifts

But Kuang didn’t doubt that many of his patients who follow doctor’s orders to rest will be watching the game.

Urologists are even offering March Madness deals with pizza, mugs and reminders of the mandatory days off of from work they’ll need to help prod men to make the cut.

“It’s a great marketing scheme; we always recommend that you go home and lay low and on your easy chair,” said Kuang.

Yes, a vasectomy. “You get these 20, 30, or 40-year-olds who seek health care with a lot less frequency than women do in the same age group..