Seahawks sign free agent G Pitts
Football Betting Lines
07/29/2010 - Renton, WA (Sportsbook Betting Lines) - The Seattle Seahawks have signed free agent guard Chester Pitts.
Though terms of the deal were not disclosed by the club, the Seattle Post- Intelligencer reported on Thursday that Pitts was brought into the fold on a one-year deal with $2 million.
Pitts had spent his entire pro career with the Houston Texans. The southern California native was a San Diego State product and Houston's second-round pick in 2002.
He's started 114 games since breaking into the league eight years ago with the Texans.
In addition, Seattle released defensive end Robert Henderson and linebacker Anthony Heygood.
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Phillies completed their trade for Roy Oswalt on Thursday, acquiring the pitcher from the Houston Astros. The Phillies also received cash considerations, and sent pitcher J.A. Happ
<< Tseng and Hull lead Women's British Open
South Port, England (Sportsbook Betting Lines) - Yani Tseng and Katherine Hull both
posted rounds of four-under 68 on Thursday to share the first-round lead of
the Women's British Open at Royal Birkdale.
Tseng and Hull both eagled the last
<< Howell's 64 leads Irish Open
Killarney, Ireland (Sportsbook Betting Lines) - England's David Howell fired a seven-
under 64 on Thursday to take the first-round lead at the Irish Open at
Killarney Golf & Fishing Club.
Richard Green and Damien McGrane both posted ro
<< Rain wipes out Day 4 in Umag
Umag, Croatia (Sportsbook Betting Lines) - Rain washed away Thursday's second-round
schedule at the clay-court Croatia Open.
Second-seeded French Open semifinalist Jurgen Melzer of Austria was scheduled
to face Czech Jan Hajek and third-seede
<< Big South teams embrace playoff bid
Philadelphia, PA (Sportsbook Betting Lines) - Almost everywhere you look, Liberty is
considered the prohibitive favorite to win the Big South football title this
fall.
The rest of the conference, however, has motivation that goes way beyond
feeling o
Buffalo, NY (Sportsbook Betting Lines) - Buffalo Sabres forward Tim Kennedy was awarded a one-year contract worth $1 million by an arbitrator on Thursday. Per guidelines set in the NHL's current Collective Bargaining Agreement, the Sabres cannot
NCAA penalizes Arizona basketball program >>
Indianapolis, IN (Sportsbook Betting Lines) - The NCAA has penalized the University of
Arizona for major violations involving the men's basketball program.
The NCAA said in its release that the violations, which include
impermissible
Desmond helps Nats win series from Braves >>
Washington, DC (Sportsbook Betting Lines) - Ian Desmond went 2-for-3 with a home run and
drove in two, as the Washington Nationals edged the Atlanta Braves, 5-3, in
the rubber match of a three-game series.
Scott Olsen (3-2), who was reinstated from
Real Madrid sold its 'soul' to Schalke >>
Philadelphia, PA (Sportsbook Betting Lines) - Raul in Royal Blue? Fitting, I guess, even
if it's tough to imagine. Raul ended his 16-year stay at Real Madrid this week
and started his second life at Schalke on Thursday.
Signed to a "lifetime contract"
Kings' Greene sidelined three months following shoulder surgery >>
Los Angeles, CA (Sportsbook Betting Lines) - The Los Angeles Kings announced Thursday
that defenseman Matt Greene is expected to be sidelined approximately three
months after recently undergoing shoulder surgery.
Greene, 27, appeared in 75 gam
MySportsbook.com refunds all bets on Oakland, Green Bay and Tampa Bay from NFL week one.
(September 14) – Week one of NFL action saw three teams go scoreless for the first time since 1977. Another four were unable to get a touchdown and almost half of the underdogs covered the spread. Those three teams saved bettors at MySportsbook.com from losing out completely, thanks to the company’s unique NFL Shutout Rule -- which ensures that if the team you backed goes scoreless, your wager is refunded.
Sportsbook refunded tens of thousands of dollars to customers who bet on Oakland, Green Bay and Tampa Bay, the three teams that stunk up the field so badly that their fans and backers never had a chance to get up from their couches and cheer. In the spirit of the low scoring start to the season, odds makers at the world’s largest online sportsbook and casino have set odds on how many total shutouts there will be this season.
MySportsbook.com has posted updated sports betting lines for week two of the season. Ben Roethlisberger’s health status is still questionable, so Willie Parker will try to lead Pittsburgh again as they travel to Jacksonville as a one point favorite. After beating up on his little brother last week, Peyton Manning will look to lead the Colts to victory against Houston. Indianapolis is a whopping 13.5 favorite in the match-up.
Seattle, last year’s highest scoring team, showed the power of their defense with their gritty 9-6 win in Motown over the ravenous Lions. They take their act back home to the comforts of Qwest Field where they will face the resurgent Arizona Cardinals. The Seahawks are favored by a touchdown.
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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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