Bruins: Savard deal investigated like Kovalchuk's
Hockey Betting Lines
08/10/2010 -
BOSTON (AP) -The Boston Bruins say they're cooperating with the NHL in its investigation of Marc Savard's contract.
The league is looking into Savard's contract after voiding one with a similar structure that went to Ilya Kovalchuk. The Devils had agreed to pay Kovalchuk $102 million over 17 years, with much of the money coming upfront. An arbitrator agreed that was meant to circumvent the salary cap.
Kovalchuk is back on the free agent market. It's not clear what would happen if the league determines there's a problem with the extension Savard signed last year. It pays him $28 million over seven years, with about $1 million of it in the last two years.
The league registered Savard's contract in December but told the Bruins it would investigate. Boston general manager Peter Chiarelli says he met with league lawyers last week.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 The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
BOSTON (AP) -The Boston Celtics have signed Luke Harangody, their second-round draft pick.The deal is for two years. Terms were not disclosed.The 6-foot-8 forward was the 52nd pick in this year's draft.At Notre Dame, Harangody finished as the No. 3
<< D'Antoni OK with Isiah role, Coach K would pass
NEW YORK (AP) -Mike D'Antoni sounds OK with it. Mike Krzyzewski wouldn't do it.Isiah Thomas' return to the New York Knicks as a consultant while still coaching a college team has raised plenty of questions - starting with whether it's even legal.D'A
<< Aging 'El Duque' aims for one more shot in majors
VIERA, Fla. (AP) -Orlando Hernandez isn't ready to give up baseball.The four-time World Series champion is now a 44-year-old pitching for the Washington Nationals' affiliate in the Gulf Coast League for rookies. Known as ``El Duque,'' he's now just
<< Zenyatta returns to Hollywood Park home
Inglewood, CA (Sportsbook Betting Lines) - Undefeated champion mare Zenyatta has been
safely returned to her home base at Hollywood Park. The six-year-old was
vanned from Del Mar three days after recording her 18th consecutive victory on
Saturda
<< Blue Jackets re-sign Blunden
Columbus, OH (Sportsbook Betting Lines) - The Columbus Blue Jackets have re-signed
right wing Mike Blunden to a one-year contract.
The 23-year-old native of Toronto totaled two goals and two assists in 40
games last season.
Blunden was o
New Orleans, LA (Sportsbook Betting Lines) - For the second straight year the Louisiana Derby at the Fair Grounds will receive an increase in purse money. The 1 1/8- mile race for three-year-olds will be worth $1 million an increase of $250,00
Major schedule changes have come, but does there need to be more >>
Sparta, KY (Sportsbook Betting Lines) - With the 2011 schedule for all three of
its national touring series expected to be released within the next couple of
weeks, NASCAR is making some significant revisions to its Sprint Cup schedule,
in hop
Missouri State G/F Pickens out for season >>
Springfield, MO (Sportsbook Betting Lines) - Missouri State guard/forward Keith
Pickens is expected to miss the upcoming season following knee surgery.
Pickens ruptured his left patellar tendon during off-season conditioning last
week. Surg
Montana's Wilson to be held out >>
Missoula, MT (Sportsbook Betting Lines) - University of Montana senior cornerback Jimmy
Wilson, whose athletic eligibility was restored following his acquittal on
murder charges, will be held out of the beginning of fall camp drills because
of an alleged
Seahawks sign LB Hagler among four roster moves >>
Renton, WA (Sportsbook Betting Lines) - The Seattle Seahawks made four roster moves on
Tuesday, most notably agreeing to a contract with veteran linebacker Tyjuan
Hagler.
Terms of the deal were not disclosed.
The six-year pro started seven ga
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.”
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