Snow Chief dies from heart attack

Horseracing Betting Lines

05/18/2010 - Paso Robles, CA (Sportsbook Betting Lines) - Former champion thoroughbred Snow Chief has died at the age of 27 from an apparent heart attack. The 1986 Preakness Stakes winner died on Saturday at Eagle Oak Ranch.

Snow Chief was bred and co-owned by Carl Grinstead and trained by Mel Stute. The colt was voted 1986 champion three-year-old male following victories in the El Camino Real Derby, Florida Derby, Santa Anita Derby, Preakness and Jersey Derby.

Ridden by Alex Solis, Snow Chief was the 2-1 favorite for the 1986 Kentucky Derby. After racing near the leaders he finished a tiring 11th to Ferdinand and jockey Bill Shoemaker. He was held out of the Belmont Stakes.

As a four-year-old in 1987 Snow Chief won the Strub Stakes at Santa Anita and the Oaklawn Handicap at Oaklawn Park. He finished his career with 13 wins in 24 starts and $3.3 million.

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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.”

To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.

Dallas Cowboys Super Bowl Odds

Will he or won't he?  Now that the Dallas Cowboys have a new head coach in Wade Phillips, the big question will be: Does Terrell Owens stay with the team.

Jerry Jones continues to suggest that Terrell Owens will remain with the team.

"I've said that he's back, he's here, he's under contract," Jones said. "In the interviews I've just been through (to hire a new coach), it was very clear to me how highly he's thought of and how much of an impact he had on our offensive success."

Just to be sure though, Terrell Owens cleared out his locker and removed his name plate.

Terrell Owens was among the Cowboys most productive players this past season, catching 85 passes for 1,180 yards and a league-best 13 touchdowns.

But T.O. is due a $3 million roster bonus in June, then a $5 million salary this season. Cutting him before then would save a lot of money and headaches.

Aside from the questions surrounding Terrell Owens, the oddsmakers at MySportsbook.com have concerns over starting quarterback Tony Romo's state of mind and whether he will remain a starting quarterback.  It is also not known how players will adjust to new head coach, Wade Phillips.

Here are the football odds as seen at MySportsbook.com and subject to change after February 10, 2007 if not locked in prior to that date.
Arizona Cardinals 60-1


Atlanta Falcons 50-1


Baltimore Ravens 15-1


Buffalo Bills 50-1


Carolina Panthers 18-1


Chicago Bears 10-1


Cincinnati Bengals 15-1


Cleveland Browns 100-1


Dallas Cowboys 15-1


Denver Broncos 15-1


Detroit Lions 100-1


Green Bay Packers 50-1


Houston Texans 100-1


Indianapolis Colts 6-1


Jacksonville Jaguars 30-1


Kansas City Chiefs 30-1


Miami Dolphins 40-1


Minnesota Vikings 75-1


New England Patriots 10-1


New Orleans Saints 18-1


New York Giants 20-1


New York Jets 30-1


Oakland Raiders 100-1


Philadelphia Eagles 18-1


Pittsburgh Steelers 10-1


Saint Louis Rams 60-1


San Diego Chargers 6-1


San Francisco 49ers 75-1


Seattle Seahawks 20-1


Tampa Bay Buccanneers 75-1


Tennessee Titans 40-1


Washington Redskins 50-1

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook credit cards needs.