Giants Bowl Wrap Name On Pittsburgh

Football Betting Lines

Lake Forest, IL (Sportsbook Betting Lines) - The Chicago Bears on Tuesday reached an agreement with Jeremy Bates to become the team's quarterbacks coach. Bates is familiar with Chicago starter Jay Cutler, having worked with him for three seasons in Denver.

 

Bates mostly recently served as the offensive coordinator for the Seattle Seahawks in 2010.

 

Joining the Steelers is a sort of homecoming for Haley, whose father, Dick, served as Pittsburgh's director of player personnel from 1971-90.

 

"I am excited about the opportunity to come back home and work for a tremendous organization," Haley said Tuesday in a statement. "It is an honor to work with the Rooney family and Coach Tomlin and continue the success that has become synonymous with the Steelers. My father has so many fond memories both from his playing days and his time in the personnel department with the team, and I look forward to helping bring more championships to Pittsburgh and to being a part of one of the storied franchises in the NFL."

 

Prior to taking over the Chiefs, Todd Haley was the offensive coordinator for the Arizona Cardinals from 2007-08 under Ken Whisenhunt, who had been the Steelers' offensive coordinator before taking the Arizona head coaching job. The Cardinals scored a franchise-record 427 points in 2008 and reached the Super Bowl for the first time, losing to Pittsburgh.

 

(Sportsbook Betting Lines) - Baltimore Ravens running back Ricky Williams is planning to retire, multiple media outlets reported on Tuesday. The former NFL rushing champion assumed a reserve role with the Ravens this past season, gaining 444 yards and scoring two touchdowns while backing up Ray Rice. The news of Williams calling it a career comes two weeks after he said that he intended to return to the Ravens for the final season of his two-year contract.

 

The 34-year-old veteran spent his first three NFL seasons with the New Orleans Saints, who traded all six of their choices in the 1999 draft, and two picks the following year, to move up and select the former Texas standout with the fifth overall pick in 1999.

 

Unable to play in the NFL in 2006, Williams inked a one-year deal with the Toronto Argonauts of the Canadian Football League. With the Argos, he rushed for 623 yards on 124 carries and caught 24 passes for 193 yards. He also missed two months of the season due to a broken arm.

 

For his career, Williams has run for 10,009 yards with 66 touchdowns in 147 NFL games.

 

Super Bowl MVP Eli Manning and defensive lineman Justin Tuck headlined the main float with the Vince Lombardi Trophy, which the Giants captured for a fourth time with a 21-17 victory over New England on Sunday in Indianapolis.

 

The parade ended at City Hall Plaza, where Bloomberg, after declaring the city the "Big Blue Apple," presented the Giants with keys to the city.

 

"Let's hear it for the 2012 Super Bowl champion New York Giants," Strahan bellowed.

 

Before the keys were presented, Coughlin addressed the crowd.

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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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