07/02/2009 - Raleigh, NC (Sportsbook Betting Lines) - The Carolina Hurricanes agreed to terms with forward Chad LaRose on a two-year contract worth $3.4 million on Thursday.
LaRose is set to earn $1.5 million next season and $1.9 million in 2010-11.
The 27-year-old Michigan native tallied a career-high 19 times with a personal-best 31 points in 81 games for Carolina last season. He ranked second on the club in scoring with 11 points, as the 'Canes advanced to the Eastern Conference finals.
In four seasons with the Hurricanes, LaRose has collected 37 goals and 85 points in 268 contests.
<< Panthers sign Leopold, Wilson
Sunrise, FL (Sportsbook Betting Lines) - The Florida Panthers bolstered their defensive
corps Thursday by signing both Jordan Leopold and Clay Wilson.
Leopold, who signed a one-year contract, was acquired on the NHL Draft's
second day from Calg
<< RSL, S.J. to battle in Friday fixture
Sandy, UT (Sportsbook Betting Lines) - The San Jose Earthquakes travel to take on Real
Salt Lake in Major League Soccer action on Friday night as the two Western
Conference rivals battle for position.
Both team are in the bottom half of the con
<< Kim's record 62 leads AT&T National
Bethesda, MD (Sportsbook Betting Lines) - Defending champion Anthony Kim set the course
record with an eight-under 62 at Congressional, taking the first-round lead
Thursday at the AT&T National.
Tiger Woods, the tournament host, shot a six-
<< Chelsea secures Turnbull signing
London, England (Sportsbook Betting Lines) - Chelsea has completed the signing of goalie
Ross Turnbull on a four-year contract from relegated Middlesbrough.
The 24-year-old former England Under-21 international was out of contract with
the Teessider
CFL's Bruce fined for Michael Jackson celebration >>
Mississauga, ON (Sportsbook Betting Lines) - Toronto Argonauts All-Star wide receiver
Arland Bruce III was fined an undisclosed amount for a celebration tribute to
Michael Jackson in the team's victory over Hamilton on Wednesday.
After scoring a
Astros swarm Padres; bees delay game >>
San Diego, CA (Sportsbook Betting Lines) - Wandy Rodriguez threw seven strong innings to
help the Houston Astros take a 7-2 win over the San Diego Padres in an unusual
finale of a four-game set.
Rodriguez (7-6) gave up just one run on seven hits w
Holy Cross tabs Kearney to replace Willard >>
Worcester, MA (Sportsbook Betting Lines) - Holy Cross named Sean Kearney its new head
men's basketball coach on Thursday.
Kearney, who becomes the 15th head coach in the history of the program,
replaces Ralph Willard who resigned last mo
Angels come to terms with first-round pick >>
Anaheim, CA (Sportsbook Betting Lines) - The Los Angeles Angels of Anaheim came to terms
on a minor league contract with outfielder Michael Trout, the 25th overall
pick in the 2009 First-Year Player Draft.
Trout, who played his high school ball
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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