How the Sports Betting Line is Made by RJ Bell

In doing so they attempt to make more attractive the team that is getting less action. 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.

How the Opening Line Is Made

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. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. We do this by drawing from past experiences and applying them to current situations.

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

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. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

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

Why the Line Changes

What Is the Line Trying to Accomplish?

“The #1 thing for us is to make a line for each game that creates good two-way action. 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. People think it’s much more complicated, but it’s not.”

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.

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)

Contributed by:

“The main objective is that our clients get equal action on both sides,” Seba said. This usually includes having up-to-date power ratings on each team. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. “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). 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. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. For example, the public might have heavy betting interest week after week on a popular college football team such as USC.

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.

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.

“You either have a passion for it or you don’t,” Seba said.

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. 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.

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. By moving the line, sportsbooks can influence how the public bets on a particular game.

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. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. 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 purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. The power ratings are adjusted after each game a team plays. 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. Reasons for such adjustments include:

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

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

. 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’).

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.

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

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

Research and Markets: Research Report – Global Online Gambling & Betting Market 2014

Progress in online betting regulation in Germany is

expected in 2014, as several operators have applied for the first online

sports betting licenses.

In North America, online gambling was legalized in three US states by

early 2014, with online gambling revenues surging to millions in the

first months of legal operation.

Companies Mentioned

- Ladbrokes

- Paddy Power

The leading online gambling and betting companies worldwide include

PokerStars, Bwin.Party, William Hill Online, each of which annually

generate online revenues of over EUR 0.5 billion.

Online gambling and betting is spreading in the Asia-Pacific region. This ensures that the

content of the original studies is correctly interpreted.

- The analyses, statistical reports and forecasts are only based on

reliable sources including national and international statistical

offices, industry and trade associations, business reports, business and

company databases, journals, company registries and news portals.

Regional variations in legislation and acceptance of online gambling and

betting

- William Hill Online

The major trends in online gambling and betting globally are mobile and

social gambling. For example, a quarter of poker

players chose to bet on unregulated networks.

Italy has one of the most advanced regulatory arrangements regarding

online gambling in Europe. As a result companies get a precise and unbiased impression of the

market situation.

In the largest Latin American market, Brazil, gambling and betting is

forbidden except for horse racing. The

majority of Western European countries have some laws in place to

channel online gambling and betting. In the USA, online gambling is legal only in three states

and in many Asian countries gambling and betting is allowed only in

casino resorts.

Product Information:

- The authors provide secondary market research: By using various

sources of information they ensure maximum objectivity for all obtained

data. In

Australia, which leads the world in terms of per person gambling, online

sports betting and gambling has been growing by over 30% annually, while

the growth of the total gambling market does not exceed 5%.

The regulatory landscape on online gambling and betting is varied. Total online gambling revenue in Italy

recently reached a high number in hundreds of millions of Euros, with

poker constituting the largest segment.

- Bwin.Party

- These market reports inform top managers about recent market trends

and assist with strategic company decisions

The spread of online betting and gambling is forcing governments to act

to regulate. In

South Africa, online gambling awaits legalization in 2014.

In France, online gambling and betting has been legal since 2010, but

many gamblers turn to illegal sites. We provide you with the latest

data on international and regional markets, key industries, the top

companies, new products and the latest trends.

- The author’s international employees research and filter all sources

and translate relevant information into English.

The authors observe: while land-based lottery and casinos still dominate

the gambling scene, online real-money gambling and betting are growing

rapidly.

Online gambling is only starting to emerge in Africa. Research and Markets is the world’s leading source for international

market research reports and market data. In North America and major Asian

countries online real-money games are yet awaiting progress in

regulation. The first

regulated online gambling website in Kenya was launched in 2013. The global online gambling market has a current value

estimated at a medium double digit number in billions of Euros, with

growth expected between +7 and 10% annually in the next few years.

. However, offshore gambling websites

are popular among Brazilian gamblers, who spend several hundreds of EUR

million annually on offshore sports betting sites.

- PokerStars

For more information visit http://www.researchandmarkets.com/research/pwjr2j/global_online

- Betfair Group

Trends in online gambling and betting.

Europe has been a leader in adopting regulation regarding online

gambling, but as the activity spreads, new measures are being enacted.

- 888 Holdings

About Research and Markets

Global Online Gambling and Betting Market 2014 depicts the latest trends

and developments in the field. Among the findings of the reports

researchers is that the online gambling and betting segment is

increasing, enhanced by the spread of smartphones and tablet computers. Mobile gambling is expected to grow at double-digit

rates and to reach over 40% of the total online gambling market by 2018,

as the number of mobile gambling users increases by a hundred million.

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/pwjr2j/global_online)

has announced the addition of the “Global

Online Gambling & Betting Market 2014″ report to their

offering.

Regulation of online gambling and betting in Germany and Russia lag some

of their neighbours

General Rules for Online Sports Betting

In this type of game, players can open an account and continue playing without investing real money. Just open a single account and keep placing bets through it only. By doing so, they get a clear understanding of the working of the website and can avoid monetary losses greatly.

Change in Date, Time or Venue

Want to know how to avoid losing money at sports betting sites? Well, think before investing and learn the rules of the industry. In any such situation, all bets are declared void and money is credited to the account of bettors.

The author of this article owns a chain of online sports betting and loves to share his learning with other players. But, it is really important to understand that opening multiple accounts increase the odds of losing money and thus it should be avoided completely. To ensure that our valuable readers do not lose money right from the day one in sports betting, here below are general guidelines one can count upon.

The first guideline one should keep in mind in the game of online sports betting is rules play a crucial role and one cannot compromise with them at any point of time. For more details on void bets, players should read the guidelines listed on the betting website itself. An advantage of doing so is you can learn the game rules and that too without putting money at stake. But, gradually they get to know that making money with betting is not that easy and it would not be surprising if all the invested money is lost. Kick360 is one of those very few websites that allow players to enjoy sports betting free of cost and bestow winners with real prizes. It is true that slight variations are there in rules and regulations of different sites but the set of general guidelines remain same throughout the industry. Wondering what to do next?

Never Open Multiple Accounts

Author’s Bio: 

. Another thing that one can do initially to avoid losing money while placing bets on sports matches is playing football betting games. In the beginning, these sites and the returns they promise appear highly alluring. For people residing in Asia, Kick360 is one amongst the most sought after betting sites and you can play here with a breeze.

In lieu of making more money, players are generally enticed to open multiple accounts and place bets using each of them. In all, it is a win-win situation and you should not miss it at all.

Game of Rules

If online betting had not been tempting, millions of people would not have been running after sports betting sites. Doubtlessly, there are many such reputed sites over the Internet but it may take some time for newbies to locate one. Every popular betting website has a strong backbone of rules and you must make a habit of playing at such sites only. People think of it as a quick way of earning money and thus invest in such sites haphazardly. Players and especially the new ones fall prey to this trick and end up opening many accounts. If you wish to learn more about Indian football game or betting on football then visit kick360.com.

It is very common when sports matches are cancelled or postponed due to reasons like player injury, climatic conditions or any other unavoidable circumstances

A Beginners Guide To Betting On Greyhound Racing

As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.

Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.

Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.

Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.. Online betting sites with “racebooks” set the greyhound racing betting odds.

The odds are available through the race and are created by the sports books. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.

How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.

The important odds to consider are the first, second and third for most bets that are being made. There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line. These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.

Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded

Oscar odds: Favorites and longshots for Hollywood’s big night

ET this Sunday on ABC.

The thriller directed by Alejandro González Iñárritu is currently holding 8-to-15 odds to win.

CNNMoney (New York) First published February 23, 2016: 11:28 AM ET

. The 20th Century Fox film is followed by “Spotlight” which comes in at 23-to-10 and “The Big Short” at 5-to-1. The ceremony hosted by Chris Rock begins at 8:30 p.m.

The movie he starred in, “The Revenant,” is also favored to win Best Picture, according to online betting site PaddyPower.com.

Here’s the list of the Oscar odds for the award show’s biggest categories, according to PaddyPower:

leonardo dicaprio“The Revenant” is the betting favorite to win Best Picture at Sunday’s Academy Awards.

Best Picture:

“The Revenant”: 8-to-15

“Spotlight”: 23-to-10

“The Big Short”: 5-to-1

“Room”: 50-to-1

“The Martian”: 100-to-1

“Mad Max: Fury Road”: 100-to-1

“Brooklyn”: 150-to-1

“Bridge of Spies”: 200-to-1

Best Actor:

Leonardo DiCaprio, “The Revenant”: 1-to-100

Eddie Redmayne, “The Danish Girl”: 20-to-1

Michael Fassbender, “Steve Jobs”: 20-to-1

Bryan Cranston, “Trumbo”: 80-to-1

Matt Damon, “The Martian”: 100-to-1

Best Actress:

Brie Larson, “Room”: 1-to-25

Saoirse Ronan, “Brooklyn”: 10-to-1

Cate Blanchett, “Carol”: 33-to-1

Charlotte Rampling, “45 Years”: 40-to-1

Jennifer Lawrence, “Joy”: 40-to-1

Best Supporting Actor:

Sylvester Stallone, “Creed”: 3-to-10

Mark Rylance, “Bridge of Spies”: 5-to-2

Christian Bale, “The Big Short”: 16-to-1

Tom Hardy, “The Revenant”: 16-to-1

Mark Ruffalo, “Spotlight”: 40-to-1

Best Supporting Actress:

Alicia Vikander, “The Danish Girl”: 1-to-2

Kate Winslet, “Steve Jobs”: 3-to-1

Rooney Mara, “Carol”: 7-to-2

Jennifer Jason Leigh, “The Hateful Eight”: 25-to-1

Rachel McAdams, “Spotlight”: 100-to-1

Related: Oscars make changes to boost diversity amid #OscarsSoWhite backlash

Red carpet coverage of the 88th Annual Academy Awards begins at 7 p.m.

If that seems like a wide margin it’s nothing compared to the best actor category where DiCaprio is a prohibitive favorite with 1-to-100 odds

Simon’s Online Gambling Sites

I was one of those guys. Be it answering questions about online gambling in the comments section, useful gambling guides, gambling calculators, ebooks, infographics or settling disputes with the casino you are playing in, I’m here to help. Just leave a comment, I will get back to you and I will help in whatever way I can.

I started playing online in 2007, back in college. We have come a long way since then.. However, in 2014 I took the plunge, quit my job and started doing it full time. However, that environment was perfect for online professional gamblers using advantage gambling techniques back then. I made around $10 000 in total gambling online. For two years I blogged only on the weekends and not many people took notice. It helped to pay for college.

I knew it wouldn’t last forever, but at that time it was really good.

“Online casino bonus whoring” – as it is called, is no longer possible since around 2010, and life had other plans, so I took a break from online gambling, finished college, got an office job, you know, the works.

However, after a long hiatus I returned to the online gambling scene, this time as an online gambling blogger. I have never looked back, and thanks to my loyal visitors (thank you! really, couldn’t have done it without you, thank you so very much!) I can still do this full time, even to this day.

Because I owe all my success to you [the visitors] let me know if I can helping you with anything. The world of online gambling was quite different back then, more rogue casinos and less gambling regulations, and less professionalism