Final preparations for Test of Champions

Horseracing Betting Lines

06/04/2010 - Elmont, NY (Sportsbook Betting Lines) - The day before the running of the 142nd Belmont Stakes at Belmont Park, several of the 12 horses entered in the race had final preparations for the contest.

Ice Box and Fly Down, both trained by Nick Zito, went to the track to become familiar with the starting gate and then galloped on the 1 1/2-mile oval.

"Obviously, Ice Box has a great kick," Zito said about the Kentucky Derby runner-up. "I don't want to do anything to compromise his style of running. I've seen that before, changing styles, and it never works. Never, never, never. I hope he gets in position where he can run his race; that's all we can hope for. And, basically, he and Fly Down are the same type of horse.

"I guess everyone is going to pay attention to First Dude. He's got a good post (11) because he'll probably try and gallop out there. But I wouldn't change my horses' styles. I just hope my horses run the same way they have been."

Trainer Dale Romans had First Dude gallop around Belmont Park Friday morning. The Preakness runner-up is the 7-2 second choice in the program behind Ice Box.

"We're definitely going to be on, or close, to the lead," Romans said. "If someone wants to get out of their game and set him down inside of us, we'll let him go and sit right off.

"This horse doesn't have to be on the lead. If they let him get three-quarters in 1:14 like Seattle Slew, he'll be tough to catch. I don't think there's anyone in there that wants to sacrifice themselves and get out of their game and go chase him."

Stay Put, 20-1 in the morning-line, took to the track for trainer Steve Margolis. The chestnut colt galloped once around Belmont Park on Friday.

"Everything went well this morning," Margolis noted, "and we're excited and looking forward to it very much. We haven't plotted out the strategy, and we'll see what the weather looks like and figure out what we want to do."

Also taking a gallop around Belmont Park was Lone Star Derby winner Game On Dude.

"He's a very laid-back horse," trainer Bob Baffert indicated about the gelding. "He's got a good mind. He's very plain. But he's matured since I've had him, and, he gets over this track really well. It only took him one time around to get used to it."

The updated weather forecast for the Belmont Stakes calls for 50 percent chance of rain with variable clouds and scattered thunderstorms. A few storms may be severe. Post-time temperature around 85 and winds Southwest at 10 to 20 m.p.h.

Post-time for the race is set for 6:32 p.m. (et).

Wwwbetonsports Horseracing Betting News

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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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