Canada following a path to gold

Baseball Betting Lines

07/29/2010 - Thunder Bay, Canada (Sportsbook Betting Lines) - Team Canada's quest for gold at the World Junior Baseball Championship nearly took a detour down a dangerous road.

Luckily for them, Dalton Pompey knows his way around a diamond.

Pompey came off the bench to go 1-for-3 with two RBI including the game-winning hit in the bottom of the ninth that capped a dramatic comeback by Canada to defeat the Czech Republic 8-7 and advance to the quarterfinals against Italy on Friday.

"Never in doubt," said coach Greg Hamilton after his team avoided a first-round matchup with Chinese Taipei. "Those are the ones that you fear, you really do.

"They're the games that you have to win, that you should win."

And in the end they did, climbing back from a four-run deficit in the sixth to win Pool B in the final game of round robin play in front of a raucous crowd at Port Arthur Stadium.

Pompey, banged up after sliding into second base on Wednesday against Panama, showed no ill effects of the injury after roping a liner into center to score Philip Diedrick and sending the sell-out crowd into a frenzy.

"We had a bullet that we used," Hamilton said in reference to his center fielder. "I was hoping we could use it a little earlier but we'll take it at anytime."

With a crowd of nearly 3,000 fans on hand in support of the host country, few expected the Canadians to have to fight their way back against a winless Czech Republic team.

As it happened, the Thunder Bay faithful were treated to an early taste of the type of playoff atmosphere expected to sweep the city and Port Arthur Stadium when the medal round begins on Friday.

By beating the Czechs and coupled with the Netherlands' improbable come-from- behind win over Cuba, Canada's path to the championship has become much clearer - and perhaps, a little easier.

With coaches and players preaching nothing is a given in a tournament such as this, the fact Canada can now navigate its way to the final without facing two- time defending champion South Korea, Team USA or Cuba has to bode well for a country that has won gold just once in the history of the event.

After beating the Koreans in group play and hanging in tight with the Cubans, Canada has shown its ability to contend with the tournament's incumbent powerhouses.

But Hamilton's not biting as his team prepares to play an Italian squad with nothing to lose and everything to gain against the heavily-favored Canadians.

"You can't take anything for granted," Hamilton said. "We're in a quarterfinal game with a team that's playing with house money.

"If you don't come out ready, you can lose in any given night."

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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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