Edwards receives three-race probation for Atlanta incident

Autoracing Betting Lines

03/09/2010 - Daytona Beach, FL (Sportsbook Betting Lines) - Carl Edwards avoided suspension but received a three-race probation period from NASCAR after intentionally wrecking Brad Keselowski in last Sunday's Kobalt Tools 500 at Atlanta Motor Speedway.

NASCAR President Mike Helton addressed the seriousness of the Edwards- Keselowski incident, in which Keselowski's car went flying upside down into the frontstretch wall after Edwards deliberately hit him from behind in the closing laps at Atlanta. Helton also said NASCAR officials had several discussions internally as well as conversations with the stakeholders of the situation, including team owners Jack Roush (Edwards) and Roger Penske (Keselowski), before making their decision to place Edwards on probation for the upcoming races at Bristol, Martinsville and Phoenix.

Edwards was neither fined nor penalized with a points loss for the incident.

Both drivers had an earlier encounter at Atlanta when Keselowski clipped Edwards and shot him up the track, sending him and Joey Logano into the wall. Edwards spent more than 150 laps in the garage for repairs, but retaliated shortly after he returned to the track.

NASCAR took action immediately when they parked Edwards and ordered him to the sanctioning body's hauler for a discussion on the matter.

"We made it very clear to [Edwards] that these actions were not acceptable and did go beyond what we said back in January about putting the driving back in the hands of the drivers," Helton said. "I believe [Edwards] understands our position at this point."

Prior to the start of the 2010 season, NASCAR essentially told Sprint Cup Series drivers, "Boys, have at it and have a good time." NASCAR adopted a more hands-off policy.

"We were willing to put more responsibility in the hands of the drivers, but there is a line you can cross, and we will step in to maintain law and order when we think that line is crossed," Helton added.

NASCAR does plan to meet with both drivers and team owners next week at Bristol to resolve the latest in an on-going feud between Edwards and Keselowski.

The issues between the two began last April when Keselowski hit Edwards from behind on the final lap at Talladega. While Keselowski drove on to his first Sprint Cup victory, Edwards' car spun and then sailed into the safety fence along the frontstretch. Eight race fans sustained minor injuries after being struck by debris from his car.

Later in the season, both drivers tangled in a Nationwide Series race at Memphis, with Keselowski turning Edwards around in the closing laps.

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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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