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03/07/2010 - Champaign, IL (Sportsbook Betting Lines) - In desperate need of a win, the Illinois Fighting Illini seek an upset of the 15th-ranked Wisconsin Badgers today in a Big Ten showdown at Assembly.
At 10-7 within the conference, Illinois is already guaranteed a fifth place finish, but is in need of a run to keep its NCAA Tournament hopes alive. Once a lock for the Big Dance, the Illini have fallen in four of their last five outings to put them on the so called bubble at 18-12. The team had an opportunity to help its chances of reaching the NCAA Tournament on Tuesday, but came up short in a 73-57 loss at nationally-ranked Ohio State.
The Badgers, meanwhile, can finish no worse than fourth in the conference and could even grab a third seed for the upcoming league tourney with a win today and a Michigan State loss to Michigan. Winners of three straight games, including a 67-40 trouncing of Iowa on Wednesday, Wisconsin has earned a first-round bye in the league postseason and is competing for a high seed in the NCAA Tournament.
As for the all-time series, Illinois owns a 108-74 advantage over Wisconsin and the Illini handed the Badgers their lone home loss of the season with a 63-56 decision back on February 9th.
The Badgers shot an efficient 54.9 percent from the floor, including a 6-of-12 showing from long range, as they breezed past Iowa earlier in the week. Wisconsin, which broke the game open with an 18-0 run in the first half, also dominated the boards 33-20. Jon Leuer led the way with 18 points on 8-of-9 field goals, while Trevon Hughes and Jason Bohannon checked in with 15 and 11 points, respectively. For the season, Hughes tops the roster in scoring at 15.4 ppg and he shoots 40.0 percent from beyond the arc. Leuer adds 14.6 ppg and a team-high 5.8 rpg to the mix, while Bohannon tacks on 12.3 ppg on 41.3 percent shooting from three-point range.
The Illini made just 38.3 percent of their attempts from the floor and were outscored at the foul line, 15-4, in a loss at Ohio State this past week. The battle on the boards also went to Ohio State, which held a 41-32 advantage. Demetri McCamey paced the team in defeat with 18 points and seven helpers, while Mike Tisdale had 10 points and four blocks. For the season, McCamey has not only been counted on to lead the team in scoring at 15.1 ppg, but he is also responsible for running the show, dishing off 6.9 apg. Tisdale brings 11.5 ppg and 6.1 rpg to the lineup, while D.J. Richardson chips in with 10.5 ppg. Mike Davis, the team's leading rebounder at 8.8 rpg, gets into the mix with 10.4 ppg as well.
<< Youzhny sends Russia into Davis Cup quarters
Moscow, Russia (Sportsbook Betting Lines) - Mikhail Youzhny crushed Somdev Devvarman in
Sunday's first reverse singles rubber to send host Russia into the 2010 Davis
Cup quarterfinals. Youzhny's win gave the Russians, who ultimately prevailed
3-2, an
<< Vokoun stops 31 in win over Carolina
Sunrise, FL (Sportsbook Betting Lines) - Tomas Vokoun's 31 saves set the tone for
Florida's 4-1 victory to snap the Carolina Hurricanes' seven-game win streak
at Bank Atlantic Center.
Kamil Kreps scored twice, including an empty-net goal,
<< Teenager Seung-yul Noh wins Malaysian Open
Kuala Lumpur, Malaysia (Sportsbook Betting Lines) - Seung-yul Noh got up and down for
birdie on the final hole Sunday to fend off K.J. Choi and win the Malaysian
Open by a single stroke.
The South Korean Noh shot four-under 68 and completed his
<< Webb blows away field at ANZ Ladies Masters
Gold Coast, Australia (Sportsbook Betting Lines) - Karrie Webb, who led by one entering
Sunday's final round of the ANZ Ladies Masters, fired a course-record 11-under
61 to blow away the field for a six-stroke victory.
Webb completed her seventh AN
SEC showdown pits Gators against Wildcats >>
Lexington, KY (Sportsbook Betting Lines) - The third-ranked Kentucky Wildcats close out
the regular season this afternoon with an SEC clash against the Florida
Gators, who need a victory to help their NCAA Tournament prospects.
Losses in the last two
Lions battle Zags in WCC Tournament semifinals >>
Las Vegas, NV (Sportsbook Betting Lines) - The 18th-ranked Gonzaga Bulldogs are the top-
seeded team in the West Coast Conference Tournament, and they begin play at
the event with a semifinal-round matchup against the fifth-seeded Loyola
Marymount Lions.
Resurgent Red Wings try to get over on rival Blackhawks >>
(Sportsbook Betting Lines) - The Detroit Red Wings are making a strong push for the
playoffs, but the perennial postseason participants still have a long way to
go if they want to catch the Chicago Blackhawks, who'll be hosting their
longtime Central Div
Heat suspend Alston indefinitely >>
Miami, FL (Sportsbook Betting Lines) - The Miami Heat announced they have suspended
guard Rafer Alston indefinitely.
The team's statement said Alston, who made contact with the Heat via text
message, has "made himself otherwise unavailable t
Recently I had an email debate with an angry reader who said I did not understand "the science of oddsmaking", as he called it.
He said I was wrong for suggesting oddsmakers care about who wins or loses games.
"Oddsmakers only care about splitting the betting public 50/50 on both sides of the line and keeping the commission (a.k.a. juice)," he wrote.
He might have been right about not understanding "the science of oddsmaking". After all, I'm not an oddsmaker. That said, I stick to my assertion that oddsmakers (a.k.a. sportbooks) often do care about who wins games.
Granted, as a general rule, sportsbooks try to balance their action so that they're not exposed to big losses. However, there are times when this is difficult to pull off, regardless of how much a line has moved. There are also times when that general rule is ignored and a book pursues risk.
Generally speaking, it's safe to say the books in Vegas are risk-adverse. Unlike in the past when the wise guys ruled the town, Vegas is now corporate and the goal of most casinos is to make as much money as possible with as little risk as possible.
Thus, Vegas sportsbooks try everything in their power to balance the action. They're satisfied simply collecting the juice. But these profits are small, especially compared to the take from other casino games, namely slot machines.
Because the profits at Vegas sportsbooks are so small, you could argue that many casinos operate sportsbooks simply as a novelty to keep the tourists happy.
With a growing aversion to risk, it should come as no surprise that Vegas bookmakers have been panicking this NFL season.
Despite huge pointspreads, a disproportionate percentage of bettors are still laying their money on favorites like the Eagles, Colts, Pats and Vikings rather than the dogs (a common trend for the largely recreational bettors that visit Vegas).
And much to the dismay of the books, those favorites are finding ways to cover the thick chalk. In fact, prior to Week 7, the four teams listed above are a combined 16-2-2 (88 percent) against the spread. (The tables turned dramatically in Week 7, but more on that later.)
The result has been an early-season beating for the books, and a bonanza for bettors.
While Vegas increasingly hates risk, it's no longer a major player in the sports betting world. Most of the betting action now takes place offshore where sportsbooks are not as obsessed about balance. In fact, some books encourage exposure to risk because the rewards can be so much bigger.
Consider MySportsbook.com. On its website, the book has odds pages which actually display the amount of action it's getting on games. In other words, you can see how much action the book is taking on both sides of a pointspread, moneyline or over/under.
One look at these numbers and it's obvious MySportsbook.com does not balance every game. In fact, far from it.
Take last weekend's matchup between St. Louis and Miami. By game time on Sunday, 83 percent of the betting action at MySportsbook.com was on the Rams; only 17 percent was on Miami.
What's interesting is that MySportsbook.com opened the pointspread with Miami at +6 1/2. By game time, the spread had lowered to +5.
That goes contrary to the balancing theory. If MySportsbook.com had wanted to balance the action, it would have given Miami more points; instead, it took away 1 1/2. World Series odds are now up as well.
MySportsbook.com exposed itself to even more to risk, and rolled the dice on the underdog Dolphins. Why? I contacted a representative with the book to find out. His answer was simple.
"The line moved early based on 'smart money' from sharp players," said Jeff Gilroy, a spokesperson for the book. "We also knew from early in the week that we would need Miami, therefore (we dropped) the spread to encourage Rams money.
"At the end of the day, we liked the home team."
So the conclusion is this: MySportsbook.com respected the sharp action, and gambled that the sharp bettors had a better take on the game than the recreational bettors, who were hammering the visiting Rams.
In the end, the gamble paid off. Miami, desperate for a win in front of its home fans, pounded the overrated Rams, who are terrible on the road and even worse on grass. Final score: 31-14 Fish.
MySportsbook.com was also heavily exposed on numerous favorites in Week 7, including Philadelphia, Seattle and Denver. All three failed to cover.
The fact that sportsbooks are exposed to risk on certain games is really nothing new. The fact, that Sportsbook.com is willing to show the public where it's exposed is intriguing.
Armed with this type of information, bettors can make more educated wagers. They can get an idea where the sharp money is going and conversely where the public money is headed.
MySportsbook.com is opening up its cashbox, letting bettors look inside and challenging them to take their best shot at grabbing the cash.
To visit this online football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
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.”
To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.
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