Rangers give long-term deal to Gaborik
Hockey Betting Lines
07/01/2009 - New York, NY (Sportsbook Betting Lines) - The New York Rangers made a big splash on the first day of free agency, inking free agent forward Marian Gaborik to a five- year contract.
TSN Canada is reporting the deal is worth $7.5 million yearly.
Gaborik has spent his entire seven-year career with the Wild, totaling 219 goals and 218 assists in 502 games. This past season, he played in only 17 games due to various injuries and posted 13 goals and 10 assists.
In his last full healthy season, 2007-08, Gaborik recorded 42 goals and 83 points through 77 games. He was originally the third overall pick of the 2000 NHL Draft.
Glendale, AZ (Sportsbook Betting Lines) - The Phoenix Coyotes have signed goaltender Jason LaBarbera to a two-year contract, the team announced Wednesday. Financial terms of the deal were not disclosed. LaBarbera, 29, split last season between
<< Columbus signs G Garon
Columbus, OH (Sportsbook Betting Lines) - The Columbus Blue Jackets have signed
goaltender Mathieu Garon to a two-year contract.
Financial terms were not disclosed, but TSN Canada reports the deal is worth a
total of $2.4 million.
"One of
<< Report: Pistons agree to deals with Gordon, Villanueva
Detroit, MI (Sportsbook Betting Lines) - The Detroit Pistons have reportedly agreed to
deals with guard Ben Gordon and forward Charlie Villanueva.
While any deal cannot be formalized until July 8, the Detroit Free Press
reported Wednesday th
<< Wild add D Zanon
St. Paul, MN (Sportsbook Betting Lines) - The Minnesota Wild agreed to terms with
defenseman Greg Zanon on a three-year contract Wednesday.
Financial terms were not released, but NHL.com reports the total value of the
contract is $5.8 million.
<< Blue Jackets add Pahlsson
Columbus, OH (Sportsbook Betting Lines) - The Columbus Blue Jackets signed free agent
center Samuel Pahlsson to a three-year contract Wednesday.
Terms were not disclosed, but NHL.com reports the deal is worth a total of
$7.95 million.
"Sami
Calgary, AB (Sportsbook Betting Lines) - The Calgary Flames signed forward Fredrik Sjostrom, the club announced on Wednesday. Terms of the deal were not disclosed. Sjostrom, who was an original first round pick (11th overall) of the P
Canadiens sign Gionta, Gill >>
Montreal, QC (Sportsbook Betting Lines) - The Montreal Canadiens have signed forward
Brian Gionta to a five-year contract and defenseman Hal Gill to a two-year
deal, the team announced Wednesday.
Financial terms of both deals were not release
A-Rod's homer pushes Yankees past M's, to seventh straight win >>
Bronx, NY (Sportsbook Betting Lines) - Alex Rodriguez continued his recent power surge,
belting the go-ahead two-run homer in the sixth inning that lifted the New
York Yankees to their seventh straight victory, 4-2, over the Seattle
Mariner
Castro, Contreras carry ChiSox over Cleveland >>
Cleveland, OH (Sportsbook Betting Lines) - Ramon Castro hit a go-ahead three-run homer
in a four-run sixth inning, and Jose Contreras pitched eight strong frames as
the Chicago White Sox completed a three-game sweep of the Cleveland Indians
with a
Prado, Braves rough up Hamels, Phillies >>
Atlanta, GA (Sportsbook Betting Lines) - Martin Prado was at it again, scoring three
runs and driving in two more runs after a four-RBI evening on Tuesday, as
Atlanta poured it on Philadelphia, 11-1, at Turner Field.
Gregor Blanco scored tw
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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SPORTS BETTING
NFL Football Betting OnlineIn terms of sports wagering, the NFL is "the most popular game in town." The explanation behind that is easy.
It is called the "pointspread."
Many years ago, NFL games, as well as the more popular college games, used straight odds as a vehicle for betting. For example, if the Bears were playing the Giants, and it shaped up as a competitive contest, the Bears might be, say, a 7/5 favorite. If they were playing an also-ran, it might be 10/1. Well, there is a point where a line becomes prohibitive, as far as betting the favorite. And who would waste money betting an underdog that has virtually no chance? Such a setup did not contribute to promoting betting action.
But in modern sports betting, a "pointspread" is used.
A NFL pointspreads are exactly that, a pre-established point difference between the two sides that will, for all intents and purposes, create a handicap that evens things out, and in doing so, produces comparable wagering activity on both sides of that proposition. So in lieu of a odds figure in which to bet the team to win outright, the Bears might be a three-point favorite over the New York Giants, and a 17-point favorite over the also-ran. Now that the team that is the underdog can "get" points, there can be equal action on both sides.
In sportsbooks, this is usually done with efficiency by charging the losing bettors 10% extra - in effect, bettors are laying 11/10 on those games. So they are actually betting $110 to win $100. If they lose, they pay the "vig." If they win, they simply collect.
The establishment of the pointspread as the corner stone around which team sports like football can be wagered upon was truly what brought gridiron betting into the stratosphere for online football betting .
Don't believe it? Just take a look at what happens around the Super Bowl.
Stay with us here as we take you through the best in NFL action on a consistent basis, with advice columns as well as handicapping selections. If you're looking for college football betting, that's in our NCAA section, which you can reach by clicking here. And if you're looking for a different kind of football, such as the Canadian Football League, which we'll deal with occasionally, or the Arena Football League, which we really like, you can find it in our Miscellaneous section by clicking
Note: Monday night game will be picked Monday. Lines used are from football betting odds .
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