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07/04/2010 - Watkins Glen, NY (Sportsbook Betting Lines) - Will Power put on a dominating performance to win Sunday's IZOD IndyCar Series race, while his teammate, Ryan Briscoe, finished second to give Team Penske a 1-2 finish at Watkins Glen International.
Power, the pole sitter, overtook Briscoe for the lead just after the final restart with 17 laps remaining in the 60-lap event at the 3.4-mile, 11-turn road course. He beat his Australian compatriot to the finish line by 1.2 seconds for his series-leading third victory of the season.
Briscoe passed Dario Franchitti on the final lap to take second, while Franchitti, the defending series champion, finished third. Raphael Matos and Mario Moraes rounded out the top-five.
Power widened his points lead to 32 points over Franchitti and 40 ahead of Franchitti's Target Chip Ganassi Racing teammate Scott Dixon, who finished eighth.
All three of Power's IndyCar wins this season have come on street/road courses. He also gave team owner Roger Penske his first open-wheel victory at Watkins Glen since 1981 with driver Rick Mears.
<< Former Masters champ Mize wins in Montreal
Montreal, QC (Sportsbook Betting Lines) - Former Masters champion Larry Mize fired an
eight-under 64 on Sunday to win the Montreal Championship for his first title
on the Champions Tour.
Mize, 51, is best known for holing a 140-foot chip shot to win t
<< Yankees top Blue Jays in extras
Bronx, NY (Sportsbook Betting Lines) - Marcus Thames' RBI single in the bottom of the
10th inning lifted New York past Toronto, 7-6, in the finale of a three-game
set from Yankee Stadium.
Mark Teixeira finished with three hits and drove in two r
<< Hapless O's take one from BoSox thanks to Matusz, Markakis
Boston, MA (Sportsbook Betting Lines) - Brian Matusz tossed seven strong innings and
Nick Markakis collected hits and drove in a run, as the Baltimore Orioles
stymied the Boston Red Sox, 6-1, to salvage the finale of a three-game series
at Fenw
<< Stubbs hits three homers as Reds pound Cubs
Chicago, IL (Sportsbook Betting Lines) - Drew Stubbs hit a career-high three home runs
and Paul Janish homered and drove in a career-high three runs as Cincinnati
belted seven long balls in a 14-3 triumph over Chicago to finish off a four-
game se
Bay and Pagan help Mets bounce Nationals >>
Washington, DC (Sportsbook Betting Lines) - Jason Bay knocked in four runs, as the New
York Mets used an early surge to beat Washington, 9-5, in the finale of a
four-game set at Nationals Park.
Angel Pagan had three hits and drove in a pair f
Choi beats 3 Kims in playoff to win Jamie Farr >>
Sylvania, OH (Sportsbook Betting Lines) - Na Yeon Choi made a short birdie putt Sunday
to win a four-way playoff at the Jamie Farr Owens Corning Classic, picking up
her third career LPGA Tour victory.
Her opponents in the playoff? Three players with t
Big Red Mike captures 151st Queen's Plate >>
Toronto, ON (Sportsbook Betting Lines) - Big Red Mike, ridden by Eurico Rosa da Silva,
went wire-to-wire to claim victory in Sunday's $1 million Queen's Plate at
Woodbine Race Course. The 1 1/4-mile race is the beginning of the Canadian
Triple
Rose hangs on to win AT&T National >>
Newtown Square, PA (Sportsbook Betting Lines) - A week after coughing up the final-round
lead, Justin Rose made sure it didn't happen again.
Rose parred his final seven holes Sunday to post an even-par 70 and win the
AT&T National at Aronimink Gol
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. “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).
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.
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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