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football betting

How the Sports Betting Line is Made by RJ Bell

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

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

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

“You either have a passion for it or you don’t,” Seba said. In doing so they attempt to make more attractive the team that is getting less action. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

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

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. 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. We do this by drawing from past experiences and applying them to current situations. By moving the line, sportsbooks can influence how the public bets on a particular game. Reasons for such adjustments include:

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

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach.

What Is the Line Trying to Accomplish?

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. 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’).

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)

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

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 #1 thing for us is to make a line for each game that creates good two-way action. This usually includes having up-to-date power ratings on each team. 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.

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. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

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. 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). 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. The power ratings are adjusted after each game a team plays.

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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 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.

How the Opening Line Is Made

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

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. 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.

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.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. For example, the public might have heavy betting interest week after week on a popular college football team such as USC

12 Effective Tips to Get Rid of Gambling Addiction

As he spends more gambling, he requires more money to recover his losses. When a gambler with severe ludo mania meets certain criteria, the condition is diagnosed as ‘clinical pathological gambling’. Addiction to gambling at a young age increases the risk of suicide. He may lose his job and may commit crimes to get money for gambling. Despite being aware of the serious negative consequences, or despite having a strong desire to quit, he cannot stop himself from gambling. Gambling addiction is referred to as ‘compulsive gambling’ or ‘impulse-control disorder’, where the behavior of the gambler is similar to that of a person who has substance addiction.

When an individual realizes that gambling is destroying his family and social life, he thinks of quitting, but in just a few hours or within a couple of days, he is again found in a gaming zone or casino. He lies to his family and friends, borrows money, and loses control over his mind and behavior. But studies show that suicide attempts are usually made by older people with problem gambling. Study results show that a gambler who has not been treated for compulsive gambling during his desperation phase is likely to commit suicide. Analysis of casino customer data may help identify problem gamblers, but casino owners do not share this data for fear of losing their most lucrative customers (may be 25 – 50%). Researchers have noticed increased rates of mental health disorders in gamblers with severe ludo mania. To experience the same excitement, he needs larger wagers or more frequent gambling.

There are chances that he has other psychiatric problems at the same time; for example, substance use disorder, mood and anxiety disorder, personality disorder, etc. Here are some useful tips regarding lifestyle changes to get rid of a gambling addiction.

. ‘Problem gambling’, also known as ‘ludo mania’, can destroy the life of the gambler and also of his/her family members

Glantz-Culver Line | Fox News

6

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At Mobile, Ala.

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+1

4

(61)

Kent

St.

Jan.

___

Dec. 2

Sugar Bowl

At New Orleans

Florida

13½

14

(45½)

Louisville

Jan. 27

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Bowling

Green

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1

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Monday

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Off Key

Pittsburgh QB questionable

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FAVORITE

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UNDERDOG

at Miami

7

New

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at Phoenix

1

Dallas

___

___

. Jets

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(38½)

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Chicago

3

3

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Atlanta

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at

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18

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2

2

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4

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8

10

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6

7

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15

14

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N.

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Jan. 4

Cotton Bowl

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3

(72)

Oklahoma

Jan. 20

Poinsettia Bowl

BYU

3

(49)

at

San

Diego

St.

Dec. 8

NCAA Basketball

FAVORITE

LINE

UNDERDOG

at Providence

Rhode

Island

at Cincinnati

20

UALR

at Xavier

10

Vanderbilt

Creighton

10

at

Nebraska

at Syracuse

20

Long

Beach

St.

at San Diego St.

16

UC

Santa

Barbara

at Tennessee Tech

Pk

Green

Bay

Idaho

2

at

E.

Washington

___

Boxing

Saturday

Welterweights

At Las Vegas

FAVORITE

LINE

UNDERDOG

LINE

Manny Pacquiao

-270

Juan

Manuel

Marquez

+230

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OPEN

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7

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x-at Philadelphia

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Tonight

FAVORITE

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TODAY

O/U

UNDERDOG

Denver

10

10½

(48½)

at

Oakland

Sunday

at Washington

Pk

(47½)

Baltimore

at Cleveland

5

(37½)

Kansas

City

at Pittsburgh

OFF

OFF

(OFF)

San

Diego

at Indianapolis

(48)

Tennessee

N.Y. 7

BCS National Championship

At Miami

Alabama

(42)

Notre

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Off Key

Navy plays Dec. 28

Independence Bowl

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6

7

(60)

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Virginia Tech

1

(41½)

Rutgers

Meineke Car Care of Texas Bowl

At Houston

Texas Tech

13

13

(57)

Minnesota

Dec. 3

Fiesta Bowl

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Oregon

(75½)

Kansas

St.

Jan. 15

New Mexico Bowl

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Arizona

(75)

Nevada

Famous Idaho Potato Bowl

At Boise, Idaho

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10

(58)

Toledo

Dec. Petersburg, Fla.

UCF

7

8

(61½)

Ball

St.

Dec