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How the Sports Betting Line is Made by RJ Bell

“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).

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. Of course there is an entire method to the madness on how the opening line is created. 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. We do this by drawing from past experiences and applying them to current situations.

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. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. 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’). Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. In doing so they attempt to make more attractive the team that is getting less action. The power ratings are adjusted after each game a team plays. 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. . This usually includes having up-to-date power ratings on each team. 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.

“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.

Once betting begins, sportsbooks can adjust the line at any time. 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.

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. For example, the public might have heavy betting interest week after week on a popular college football team such as USC.

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. 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).

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What Is the Line Trying to Accomplish?

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. 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.

Experts working for the individual books having a strong opinion on the game

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. 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. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. 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).

How the Opening Line Is Made

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. If we’ve done that, we’ve done our job.”

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 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. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades.

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)

Why the Line Changes

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather. Reasons for such adjustments include:

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 moving the line, sportsbooks can influence how the public bets on a particular game.

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

“The main objective is that our clients get equal action on both sides,” Seba said

Cybergambling returns — and this time it’s legal

To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’

But analysts are mostly rolling with Christie and the casinos. “The technology is rolling out this week.”

Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. “That’s where I see the huge potential in online gambling, and I reckon the U.S. “Blackjack and poker have a very human element that’s lost online. 10. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

What happens online, stays online

Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.

Prohibition failed – again

Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.

Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.

Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times.

“In sports gambling, it’s about the bet,” DeGaris said. In online casino gambling, it’s about the game more than the bet.”

Globally, the business is even more lucrative. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.

To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

“Those from other states can play, but they cannot wager,” Fenton said. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

Not everyone agrees with the odds. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. Others predict the overall U.S. Virgin could be holding a full house, but it could also fail before the flop.

- Geoff Freeman, president and CEO of the American Gaming Association

“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”

Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. Gov. “Blackjack, slots. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.

Congress banned online gambling in 2006. U.K. That doesn’t translate online,” DeGaris told FoxNews.com. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.

. will catch up to the rest of the world and allow it at some point.”

Legalizing gambling across the U.S. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

“Slots and roulette are very visceral games, lots of bells and whistles. Not just poker.”

And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. — notably sports betting.

“There will be many games to play online in New Jersey,” Fenton told FoxNews.com

General Rules for Online Sports Betting

Every popular betting website has a strong backbone of rules and you must make a habit of playing at such sites only. But, it is really important to understand that opening multiple accounts increase the odds of losing money and thus it should be avoided completely. But, gradually they get to know that making money with betting is not that easy and it would not be surprising if all the invested money is lost. For more details on void bets, players should read the guidelines listed on the betting website itself. By doing so, they get a clear understanding of the working of the website and can avoid monetary losses greatly.

Author’s Bio: 

Never Open Multiple Accounts

The first guideline one should keep in mind in the game of online sports betting is rules play a crucial role and one cannot compromise with them at any point of time. Another thing that one can do initially to avoid losing money while placing bets on sports matches is playing football betting games. Kick360 is one of those very few websites that allow players to enjoy sports betting free of cost and bestow winners with real prizes. Wondering what to do next?

In lieu of making more money, players are generally enticed to open multiple accounts and place bets using each of them. In this type of game, players can open an account and continue playing without investing real money. In the beginning, these sites and the returns they promise appear highly alluring. It is true that slight variations are there in rules and regulations of different sites but the set of general guidelines remain same throughout the industry. Players and especially the new ones fall prey to this trick and end up opening many accounts.

Want to know how to avoid losing money at sports betting sites? Well, think before investing and learn the rules of the industry. In all, it is a win-win situation and you should not miss it at all.

The author of this article owns a chain of online sports betting and loves to share his learning with other players. Doubtlessly, there are many such reputed sites over the Internet but it may take some time for newbies to locate one. In any such situation, all bets are declared void and money is credited to the account of bettors. Just open a single account and keep placing bets through it only. For people residing in Asia, Kick360 is one amongst the most sought after betting sites and you can play here with a breeze.

If online betting had not been tempting, millions of people would not have been running after sports betting sites. If you wish to learn more about Indian football game or betting on football then visit kick360.com.. An advantage of doing so is you can learn the game rules and that too without putting money at stake. To ensure that our valuable readers do not lose money right from the day one in sports betting, here below are general guidelines one can count upon.

Change in Date, Time or Venue

Game of Rules

It is very common when sports matches are cancelled or postponed due to reasons like player injury, climatic conditions or any other unavoidable circumstances. People think of it as a quick way of earning money and thus invest in such sites haphazardly

Simon’s Online Gambling Sites

We have come a long way since then.

Because I owe all my success to you [the visitors] let me know if I can helping you with anything. The world of online gambling was quite different back then, more rogue casinos and less gambling regulations, and less professionalism. Be it answering questions about online gambling in the comments section, useful gambling guides, gambling calculators, ebooks, infographics or settling disputes with the casino you are playing in, I’m here to help. Just leave a comment, I will get back to you and I will help in whatever way I can.

However, that environment was perfect for online professional gamblers using advantage gambling techniques back then. For two years I blogged only on the weekends and not many people took notice. I was one of those guys. I have never looked back, and thanks to my loyal visitors (thank you! really, couldn’t have done it without you, thank you so very much!) I can still do this full time, even to this day.

I started playing online in 2007, back in college. It helped to pay for college.

I knew it wouldn’t last forever, but at that time it was really good.. I made around $10 000 in total gambling online. “Online casino bonus whoring” – as it is called, is no longer possible since around 2010, and life had other plans, so I took a break from online gambling, finished college, got an office job, you know, the works.

However, after a long hiatus I returned to the online gambling scene, this time as an online gambling blogger. However, in 2014 I took the plunge, quit my job and started doing it full time

Casino-Gaming :: How Safe is Online Casino Gambling?

. Through this useful casino guide, one can play with much safety in a gambling site. Having multiple revenue streams, giving them more incentive to stay honest and making it more likely that they will stay profitable. Many players are hesitant to put money into an online casino because they are concerned that they will not get paid when they win or that the games are rigged and they will lose their money.

Online casinos usually offer odds and payout percentages that are almost the same as land-based casinos. Your credit card is fully safe with the online casino you can be sure that your personal details stay with the casino for you to authorize deposits into your casino balance and most online casinos even use higher level encryption than your bank.

Every player should choose sites which can provide them maximum protection against hacks and other breaks in security. The safety of playing should be guaranteed from the first deposit of money to the final withdrawal of cash.

However, if you’re not sure about how safe a casino is, try doing some online research to see what others say. While some online casinos offer even higher payout percentages on their online slot machine games others publish payout percentage audits on their websites usually approved by a third party accounting group approving that the online casino is using an honest programmed random number generator (RNG) which eventually makes the online casinos even reputable at some points over the land based traditional casinos. Today, a casino guide to identify safe online casino sites is much needed by all gamblers. If a casino is verified by such a group there will be a link to them on the website of the safe casino Such groups include the Kahnawake Gaming Commission and the Interactive Gaming Council.

Moreover, online casinos that have a number of different gaming avenues tend to be safer. However there are those websites that are set up to scam players from their money and that’s where online casinos guidelines for safe gambling come into play. They want to know if the games are honest and if their money will be safe. Be careful of online casinos that have outrageously high bonus offers or that have only been around and in the long run, if you’re not comfortable with a certain casino, don’t use it. There are a lot of other options out there.

Safety is the pre-eminent concern that players have about online gambling.

There are some groups dedicated to making sure that online casinos are safe.

Online casinos are created and operated in such a way that it has won over the trust of millions of players the world over. The first on the list of online casinos guidelines for safe gambling is ensure that the online casino you wish to play at has a valid license and you can do that by simply checking the websites that post reviews and ratings of the online casino.

When you gamble in an online casino the only one in reach of your pockets is anyone you let into your own front door

Analyzing the Global Online Gambling Industry 2016 – Research and Markets

Global Online Gambling Industry: Major Products & Services

K.

B. Global Online Gambling Industry: Porter’s Five Forces Strategy

Analysis

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Analyzing

the Global Online Gambling Industry” report to their offering.

F. The report begins

with an industry definition and moves on to the complete industry

analysis. Global Online Gambling Industry: Analysis of Major Markets

- Ladbrokes Plc

- GVC Holdings

D. Executive Summary

Moving on, we analyze online and mobile gambling versus traditional

gambling. We also analyze the Global Online Gambling

Industry in a Porter’s Five Forces Framework Analysis.

- 32Red Plc

G. Global Casinos & Gambling Industry

- Zynga

- Playtech Plc

For more information visit http://www.researchandmarkets.com/research/pzvsts/analyzing_the

- La Francaise Des Jeux

Key Topics Covered:

A. Global Online Gambling Industry

- William Hill Plc

A forecast for the global online gambling industry till 2020 is included

in the report. In this section we look at industry

statistics, industry revenue growth, industry segmentation and the major

products & services of online gambling and other services. Factors Impacting the Industry

J. Global Online Gambling Industry: Forecast

- Netplay TV Plc

This research analyzes the Global Online Gambling Industry in its report

Analyzing the Global Online Gambling Industry 2016. Industry Competition & Market Share

. An analysis of global casinos and online gambling industry is

carried out in section one. Online/Mobile Gambling versus Traditional Gambling

- Bwin.party Digital Entertainment Plc

- Gala Coral Group

L. We also analyze the industry statistics for the global online

gambling industry along with value analysis and an industry segmentation.

I. We also

analyze the major regions, industry trends, market share, industry

competition and a look at what the future holds for the global casinos

and online gambling industry. Major Industry Players

C. Industry Definition

- Sportingbet PLC

E. This report also analyzes the major players in the global

online gambling industry.

Next we analyze the factors that impact the global online gambling

industry such as mergers and acquisitions, the impact of regulations in

various countries, factors driving demand in the industry, industry

costs, industry globalization, and the high barriers to industry entry,

amongst other factors.

- 888 Holdings Public Limited Company

- Paddy Power Betfair Plc

H