Lakers owner still enjoying Hall of Fame induction
Basketball Betting Lines
08/17/2010 -
BELL GARDENS, Calif. (AP) -Relishing the afterglow of being inducted into the Hall of Fame last week, Los Angeles Lakers owner Jerry Buss was candid, funny and reflective when sharing his thoughts on his life, his team and the Miami Heat.
Buss, a poker aficionado who plays an average of six times a month, discussed the topics before hosting the Mariani/Buss Charity Open poker tournament at the Bicycle Casino on Tuesday.
He has been the one smart enough to spend the requisite money to acquire the talent required to be successful.
Since he took ownership in 1979, the storied franchise has won 10 NBA titles including this year's that ended by beating the archrival Boston Celtics.
This summer, the Lakers signed point guard Steve Blake, wing Matt Barnes and center Theo Ratliff, additions Buss thinks will help the team three-peat.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
HOUSTON (AP) -The New York Mets are withholding injured closer Francisco Rodriguez's salary while he's sidelined, and the team wants to convert his contract to a non-guaranteed deal.The moves could be a prelude to the Mets releasing the star closer
<< Oklahoma's Hand out five months
Norman, OK (Sportsbook Betting Lines) - Oklahoma guard Whitney Hand will miss five
months after undergoing microfracture surgery Tuesday to repair cartilage
damage in her right knee.
Hand, the 2009 Big 12 Freshman of the Year, missed the ma
<< Rockies recall Chacin, place Buchholz on DL
Los Angeles, CA (Sportsbook Betting Lines) - The Colorado Rockies on Tuesday placed
right-handed pitcher Taylor Buchholz on the 15-day disabled list and recalled
righty Jhoulys Chacin from Triple-A Colorado Springs.
Buchholz had previously been
<< Mets place Rodriguez on disqualified list after thumb surgery
Flushing, NY (Sportsbook Betting Lines) - The New York Mets took another step
towards distancing themselves from embattled closer Francisco Rodriguez on
Tuesday, placing him on the disqualified list.
The move came immediately followin
<< IndyCar wraps up road/street course schedule at Sonoma
Sonoma, CA (Sportsbook Betting Lines) - Series: IZOD IndyCar. Date: Sunday, August 22.
Race: Indy Grand Prix of Sonoma. Site: Infineon Raceway. Track: 2.303-mile,
12-turn road course. Start Time: 5:45 p.m. (et). Laps: 75. Miles: 172.7. 2009
winner: Dario
GREEN BAY, Wis. (AP) -Sometimes, Will Blackmon's versatility even surprises his teammates.Exhibit A came early in training camp, when wide receiver Greg Jennings ran his route and plowed straight into a safety. Then Jennings looked up and did a doub
Nolasco leads Marlins to shutout of Pirates >>
Pittsburgh, PA (Sportsbook Betting Lines) - Ricky Nolasco threw six shutout frames and
drove in two runs to lead Florida to a 6-0 win over Pittsburgh in the second
meeting of a four-game set.
Nolasco (14-8) allowed five hits, walked one and st
Buchholz strong on mound, Kalish hits slam as Red Sox blank Angels >>
Boston, MA (Sportsbook Betting Lines) - Clay Buchholz turned in seven scoreless innings
and Ryan Kalish hit his first career grand slam as Boston downed the Los
Angeles Angels of Anaheim, 6-0, in the opener of a three-game set from Fenway
Park.
Oswalt, Rollins lift Phillies over Giants >>
Philadelphia, PA (Sportsbook Betting Lines) - Roy Oswalt pitched seven solid innings and
Jimmy Rollins drove in three runs, as Chase Utley and the Philadelphia
Phillies downed the San Francisco Giants, 9-3, in the opener of an important
three-g
Tuiasosopo, French lead Mariners over Orioles >>
Baltimore, MD (Sportsbook Betting Lines) - Matt Tuiasosopo, not originally in the
starting lineup, hit a three-run homer and added a run-scoring double to back
a strong 7 2/3-inning outing from Luke French, as the Seattle Mariners downed
the Bal
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.
Horse Betting
(This is an update of a sportsbook for the May 4th issue of ESPN The Magazine).
The Kentucky Derby's post-position draw happened on Wednesday. And, as is always the case, shortly afterwards, a buzz raced around Churchill Downs. It was a low rumble at first, nothing that the squares in the mint julep crowd pick up right away. But by the time the sun set over the twin spires, the chatter was impossible to ignore. Everyone -- sharps, trainers, owners -- was talking about one thing: the wise guy horse, the pre-draw long shot us mopes didn't have on our radar until it was too late.
"You think you're hearing the scoop," says handicapper Lane Gold. "Then you get to the window, the odds are short, and you missed it."
Recognizing a wise-guy horse early is as hard as picking a Derby bonnet. That's because handicappers don't like hype (see ya, I Want Revenge). They want Thoroughbreds who look good losing prep races like the Santa Anita Derby. They eye horses who ate up the field after starting wide or made an easy transition from synthetic tracks to dirt. They look for ponies who showed muscle gain race to race and those who ran hard after several weeks' rest.
"A wise guy," says John Avello, a bookmaker at Wynn Las Vegas, "looks for a horse who can improve."
When I first wrote Horse Betting for The Mag, which I turned in a three weeks before Wednesday's draw, I predicted these three horses had wise guy potential:
CHOCOLATE CANDY (15-1 in mid-April, currently 20-1 according to Avello): His second-place finish at Santa Anita, following a seven-week layoff, proved two things: He can run after resting, and -- by losing a high-profile prep race -- he wouldn't be overhyped.
DESERT PARTY (15-1; 15-1): He was upset in the UAE Derby by a horse he had beaten twice. The public remembers his loss, but the wise guys his wins.
PIONEEROF THE NILE (8-1; 4-1): The big favorite at Santa Anita struggled to win, so he initially got less hype than Quality Road and I Want Revenge.
You may have noticed that the odds on Pioneerof the Nile have been cut in half, from 8-1 to 4-1. Which means the wise guys took a shine to him long before the post-position draw. But, to be honest, this is one of those years with four elite horses getting everyone's attention, squares and sharps alike.
"You're not gonna get a lot of chatter about a horse that isn't in that group, which includes Pioneer, I Want Revenge, Dunkirk and Friesan Fire," Avello told me Wednesday. "We don't have a group of horses behind those top four who look like real legit contenders."
Come Derby week, the final two elements in picking a wise guy horse are how he's working out and what gate he's coming out of.
(By the way, picking a Preakness favorite is a whole different bale of hay, partially based on how horses finish in the Derby. You can see my analysis of who has the best shot at Pimlico on Insider Sunday morning.)
Well, early in the week I Want Revenge, Pioneerof the Nile and Friesan Fire were working out better than anyone. Some thought Friesan Fire, currently 6-1, might have run too fast, burning a five-furlong run in :57 4/5. "When you are running that fast you have the sense that it took something out of him," says Gold. "The Derby is longer than any horse has run, and if they need that extra surge you worry they won't have it because they burned it in the workout."
But, Gold points out, Friesan Fire's trainer is Larry Jones, Two years ago his horse Hard Spun did a five-eighths workout in :57 3/5 and then went on to finish second, behind Street Sense, in the Derby. "Every trainer has different methods," says Gold. "And clearly he knows what he's doing."
Now, as for starting position, Gold says to remember this: Churchill Downs traditionally has 14 starting gates. For the Derby, it brings out auxiliary gates and between the original 14th gate and the new 15th gate, there is a little more space than there is between gates 1-14. "That 15 position will give you a precious second or two to sort out what's happening to your inside," says Gold. "Sixteen is also okay because you can follow the horse in front of you."
Dunkirk, one of the race favorites, is coming out of gate 15. In 16 is Baffert's Pioneerof the Nile. I Want Revenge drew 13, where Smarty Jones won from in 2004, and Friesan Fire picked the sixth position. "He doesn't have a lot of speed to the inside of him," says Gold. "So he will get a clear shot to be near the front."
All the jibber-jabber means this: Pioneerof the Nile has leapfrogged from 8-1 to being the second favorite, along with Dunkirk, behind I Want Revenge. Meanwhile, Friesan Fire, with a good trainer, a strong week of training and a decent post position, is still at 6-1. "By Saturday, it's possible he could go from fourth to the favorite," says Gold.
In other words, meet Friesan Fire, your 2009 wise guy horse.
"Now," says Avello, "it's time for action."
To visit this horse betting site go to MySportsbook.com for all your horse racing betting needs.