Four comprise 2010 Hall of Fame class

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05/28/2010 - Saratoga Springs, NY (Sportsbook Betting Lines) - Former Horses of the Year Point Given and Azeri, along with Best Pal and retired jockey Randy Romero, have been elected to the National Museum of Racing's Hall of Fame. The four will be inducted during a ceremony to be held on Friday, August 13.

Point Given was Horse of the Year and Champion Three-Year-Old Male for 2001. The colt won the San Felipe Stakes and Santa Anita Derby. As the favorite, he was fifth in the Kentucky Derby but was able to win both the Preakness and Belmont Stakes. Point Given, ridden by Gary Stevens, also won the Haskell and Travers. Trained by Bob Baffert, Point Given retired with nine victories in 13 career starts and earnings of $3,968,500.

In 2002, Azeri won the Breeders' Cup Distaff and was named Horse of the Year and Champion Older Female. She again was voted Champion Older Female in 2003 and 2004. When she retired, she had won 17 of 24 races and was the all-time leader in earnings among females with $4,079,820.

In a seven year racing career, Best Pal earned $5,668,245 with 18 wins in 47 starts. In 1992 he won the Santa Anita Handicap and the following year took the Hollywood Gold Cup.

Randy Romero won 4,294 races and had earnings of $75,264,198 in a 27 year career. He was the regular rider of two-time Champion Filly Go for Wand and the undefeated Personal Ensign. Personal Ensign, who died in April, won the 1989 Eclipse Award as Champion Older Female.

The four new members were elected in the contemporary category by the 182 members of the Hall of Fame's voting panel. The Hall of Fame's Historic Review Committee will announce its selections on Wednesday, June 9, completing the Class of 2010.

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Chicago, IL - New Chicago Bears quarterback Jay Cutler and star linebacker Brian Urlacher shot down reports of a rift, saying they're simply not true.

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Urlacher added: "I never said what I was quoted as saying and that's it. I have a lot of respect for Jay. I think Jay knows that."
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go radio station WSCR-AM also reported that Urlacher had to be restrained from confronting Cutler during organized team activities.
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Particularly the new quarterback.
"Me and Brian have been on a good relationship since I've been here, and I expect it to continue that way," Cutler said.

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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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