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

“You either have a passion for it or you don’t,” Seba said. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. The power ratings are adjusted after each game a team plays. This usually includes having up-to-date power ratings on each team.

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 #1 thing for us is to make a line for each game that creates good two-way action. Reasons for such adjustments include:

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

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). People think it’s much more complicated, but it’s not.”

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. Of course there is an entire method to the madness on how the opening line is created.

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. 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.

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. “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). 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’). Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. 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. 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.

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. If we’ve done that, we’ve done our job.”

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

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

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. By moving the line, sportsbooks can influence how the public bets on a particular game. In doing so they attempt to make more attractive the team that is getting less action.

What Is the Line Trying to Accomplish?

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

How the Opening Line Is Made

Contributed by:

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.

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

Why the Line Changes

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

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. We do this by drawing from past experiences and applying them to current situations. 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. 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). 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

“If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. 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.

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

“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. “Blackjack and poker have a very human element that’s lost online. “That’s where I see the huge potential in online gambling, and I reckon the U.S. “Blackjack, slots. Virgin could be holding a full house, but it could also fail before the flop.

Legalizing gambling across the U.S. That doesn’t translate online,” DeGaris told FoxNews.com. 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.

“In sports gambling, it’s about the bet,” DeGaris said. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

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

Congress banned online gambling in 2006. Others predict the overall U.S. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

Not everyone agrees with the odds. U.K. Gov. “The technology is rolling out this week.”

To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. “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.”

Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

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

“Those from other states can play, but they cannot wager,” Fenton said. 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. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

But analysts are mostly rolling with Christie and the casinos. 10. will catch up to the rest of the world and allow it at some point.”

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. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

Globally, the business is even more lucrative. — notably sports betting.

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

“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.

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

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.

. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

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.

“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. Not just poker.”

“Slots and roulette are very visceral games, lots of bells and whistles

Of course there is an entire method to the madness on how the opening line is created. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. If we’ve done that, we’ve done our job.”

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

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather. The power ratings are adjusted after each game a team plays. “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).

How the Opening Line Is Made

“The main objective is that our clients get equal action on both sides,” Seba said. This usually includes having up-to-date power ratings on each team. People think it’s much more complicated, but it’s not.”

“You either have a passion for it or you don’t,” Seba said.

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 opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. 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’). We do this by drawing from past experiences and applying them to current situations. 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.

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. In doing so they attempt to make more attractive the team that is getting less action.

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.

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. By moving the line, sportsbooks can influence how the public bets on a particular game. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years.

Contributed by:

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.

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

What Is the Line Trying to Accomplish?

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action.

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. 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.

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.

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

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

Why the Line Changes

“The #1 thing for us is to make a line for each game that creates good two-way action. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. 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. 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. 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. Reasons for such adjustments include:

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

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)

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. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error

These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.

Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.

How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.

The important odds to consider are the first, second and third for most bets that are being made. There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line. Online betting sites with “racebooks” set the greyhound racing betting odds.

The odds are available through the race and are created by the sports books. Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.

Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.

Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.

As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes

Fixed Odds & Multiples bets are placed with Betfair Counterparty Services Limited which is licensed and regulated by the Malta Gaming Authority.  Betfair Pty Ltd is licensed and regulated to offer Australian Markets by the Tasmanian Liquor and Gaming Commission, and for customers in the UK, by the Gambling Commission, Licence Number: 000-039365-R-319337-003. Venera, SVR 1851, MALTA. Licence Number: MGA/CL2/294/2006 12 March 2013, and for customers in the UK, licensed and regulated by the Gambling Commission, Licence Number: 000-039439-R-319330-003..  Betfair International Plc, Triq il-Kappillan Mifsud, St. Betfair International Plc is licensed and regulated by the Malta Gaming Authority. For customers in the UK, TSE (Gibraltar) LP is licensed and regulated by the Gambling Commission, Licence Number: 000-039561-R-319411-002. Licence Number: MGA/CL3/454/2008 17th March 2015. Address: Units 2/4 and 2/5 Waterport Place, Gibraltar

Fixed Odds & Multiples bets are placed with Betfair Counterparty Services Limited which is licensed and regulated by the Malta Gaming Authority.  Betfair Pty Ltd is licensed and regulated to offer Australian Markets by the Tasmanian Liquor and Gaming Commission, and for customers in the UK, by the Gambling Commission, Licence Number: 000-039365-R-319337-003. Betfair International Plc is licensed and regulated by the Malta Gaming Authority. Licence Number: MGA/CL3/454/2008 17th March 2015. Venera, SVR 1851, MALTA. For customers in the UK, TSE (Gibraltar) LP is licensed and regulated by the Gambling Commission, Licence Number: 000-039561-R-319411-002. Licence Number: MGA/CL2/294/2006 12 March 2013, and for customers in the UK, licensed and regulated by the Gambling Commission, Licence Number: 000-039439-R-319330-003..  Betfair International Plc, Triq il-Kappillan Mifsud, St. Address: Units 2/4 and 2/5 Waterport Place, Gibraltar