Indians re-sign SS Cabrera
Baseball Betting Lines
02/10/2012 - Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Indians avoided arbitration with shortstop Asdrubal Cabrera, signing him to a one-year contract on Friday.
No financial terms were released, but the Plain Dealer reported it is worth $4.55 million.
Cabrera hit .273 while posting career highs in home runs (25), RBI (92) and games played (151), while tying a career best with 17 stolen bases and adding 32 doubles in 2011. His 25 round-trippers also stands as a new club record for shortstops -- eclipsing Jhonny Peralta's previous high of 24 back in 2005 -- and the 92 runs batted in led all American Leaguers at his position.
Over five major-league seasons, all with Cleveland, the native of Venezuela is a .281 hitter with 43 homers, 119 doubles and 258 RBI in 538 games.
Macomb, IL (Sportsbook Betting Lines) - Western Illinois's football program will host the University of Indianapolis instead of Hampton on Sept. 8, director of athletics Dr. Tim Van Alstine said Friday. The game against Hampton was rescheduled to Aug.
<< Spurs' Ginobili to return Saturday
San Antonio, TX (Sportsbook Betting Lines) - Guard Manu Ginobili will return to San
Antonio's lineup when the visiting Spurs play New Jersey on Saturday.
Head coach Gregg Popovich said Ginobili, who has missed more than a month with
a broken lef
<< Isner shocks Federer, U.S. leads Swiss 2-0 in Davis Cup
Fribourg, Switzerland (Sportsbook Betting Lines) - In one of the biggest Davis Cup
upsets ever, John Isner shocked the great Roger Federer in four sets to give
the United States a commanding 2-0 lead over host Switzerland in their best-
of-five openi
<< Penguins' Staal to return Saturday
Pittsburgh, PA (Sportsbook Betting Lines) - The Pittsburgh Penguins activated forward
Jordan Staal from injured reserve, in anticipation of his return to the lineup
on Saturday against the Winnipeg Jets.
Pens head coach Dan Bylsma confirmed Staa
<< Lifetime achievement awards behind this season's All-Star snubs
Philadelphia, PA (Sportsbook Betting Lines) - For the most part, the NBA's coaches do an
outstanding job picking the reserves for the NBA All-Star Game.
With so few slots available there are always a number of players who are going
to feel slighted bu
Storrs, CT (Sportsbook Betting Lines) - The NCAA has turned down the University of Connecticut's request for a waiver that would allow its men's basketball team to participate in the 2012-13 postseason, the school announced Friday. The waiver
Ferrero, Almagro post Davis Cup wins for Spain >>
Oviedo, Spain (Sportsbook Betting Lines) - Reigning champion Spain began defense of
its Davis Cup title with a pair of singles wins Friday in an opening-round
Davis Cup matchup with visiting Kazakhstan.
The Spaniards grabbed their quick 2-0 l
Titans lock up WR Hawkins with multi-year deal >>
Nashville, TN (Sportsbook Betting Lines) - The Tennessee Titans signed wide receiver
Lavelle Hawkins to a multi-year contract on Friday.
Hawkins caught 47 passes for 470 yards and recorded his first career touchdown
last season. He ranked second o
CFL extends Cohon through 2015 >>
Toronto, ON (Sportsbook Betting Lines) - The Canadian Football League announced that
commissioner Mark Cohon has signed a contract extension that will keep him in
charge through the 2015 season.
"Our Board of Governors is unanimously pleased to
Blues place Arnott on IR >>
St. Louis, MO (Sportsbook Betting Lines) - The St. Louis Blues have placed forward
Jason Arnott on injured reserve, the team announced Friday.
Arnott has not played since suffering a shoulder injury against Los Angeles on
February 3.
The 37-
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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