Celtic signs McCourt to new three-year contract
Soccer Betting Lines
07/30/2010 - Glasgow, Scotland (Sportsbook Betting Lines) - Northern Ireland winger Paddy McCourt signed a new three-year contract with Celtic on Friday.
McCourt, 26, had one year left on his current deal. He joined Celtic in 2008, and has three goals in 19 appearances.
"I'm absolutely delighted to commit my future to Celtic," McCourt said on the club's website. "It was an absolute dream come true to sign for the club in the first place.
"This is where I want to play my football and I now look forward to the challenges ahead and fighting for my place in the team."
Norfolk, VA (Sportsbook Betting Lines) - There's a difficult decision ahead for Mid- Eastern Athletic Conference football, and there may not be a right or wrong answer considering both of the given options have merit. "A win-win situation," according
<< Oswalt a deflection, not redemption, for Amaro
Philadelphia, PA (Sportsbook Betting Lines) - When Roy Oswalt puts on his Phillies
uniform for the first time, he might have to check to make sure it is his name
on the back of the jersey rather than what everyone in Philadelphia will be
calling him for
<< White Sox pick up Jackson from Arizona
Phoenix, AZ (Sportsbook Betting Lines) - The Chicago White Sox have acquired pitcher
Edwin Jackson from the Arizona Diamondbacks in exchange for pitchers Dan
Hudson and David Holmberg.
Jackson was in his first year with Arizona after being
<< Packers ink first-round pick Bulaga
Green Bay, WI (Sportsbook Betting Lines) - The Green Bay Packers have signed first-round
draft pick Bryan Bulaga.
The Green Bay Press Gazette is reporting that the offensive lineman has signed
a five-year deal worth $14.75 million, with $8.76 million
<< Dolphins sign ex-Saints DE Grant
Davie, FL (Sportsbook Betting Lines) - The Miami Dolphins have signed defensive end
Charles Grant.
Terms of the deal were not released, but the Palm Beach Post reported
Wednesday that the contract is for two years and is worth $4.5 milli
Santa Clara, CA (Sportsbook Betting Lines) - The San Francisco 49ers completed the signings of their 2010 draft class on Friday, as guard Mike Iupati followed offensive tackle Anthony Davis, safety Taylor Mays and linebacker Navorro Bowman,
Cardinals sign LB Washington >>
Tempe, AZ (Sportsbook Betting Lines) - The Arizona Cardinals have signed linebacker
Daryl Washington to a four-year contract, the team announced Friday. Financial
terms of the deal were not released.
Washington was Arizona's second-round pick, 47
Jets sign Ryan, Tannenbaum to extensions >>
Florham Park, NJ (Sportsbook Betting Lines) - The New York Jets announced Friday they
have signed head coach Rex Ryan and general manager Mike Tannenbaum to
contract extensions that will keep them with the club through the 2014 season.
Tann
Steelers ink rookie LB Worilds, make Adams agreement official >>
Pittsburgh, PA (Sportsbook Betting Lines) - The Pittsburgh Steelers signed rookie
linebacker Jason Worilds on Friday, and also announced they have agreed to
terms on a two-year contract with veteran offensive tackle Flozell Adams.
Worilds,
Titans coach derides Kiffin's idea behind lawsuit >>
NASHVILLE, Tenn. (AP) -Coach Jeff Fisher has one word to describe the theory that the Titans sued Southern California because the NFL team is in the same state as Lane Kiffin's last employer.Absurd.The Titans accuse USC and Kiffin of breaching the c
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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