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08/26/2010 - Dallas, TX (Sportsbook Betting Lines) - The University of Southern California has been stripped of the 2004 Grantland Rice Trophy it received in recognition for winning the national football title.
The award was revoked by the Football Writers Association of America, which has also decided not to fill the vacated spot and to bar the Trojans from consideration for the award following the 2010 season.
The group's members could not come to a consensus on a replacement for USC and the newly created vacancy will be the first since the award's inception in 1954.
"All finalists for FWAA team and individual awards, including the Grantland Rice Award and Trophy, reasonably are presumed to have been in material compliance with certain qualifying standards at the time of award issuance," said 2010 FWAA president Tim Griffin.
The decision comes in the wake of recent sanctions leveled against the USC program following a four-year investigation into allegations stemming from ex-Trojan football player Reggie Bush and basketball star O.J. Mayo.
<< Knicks sign second-round pick Fields
New York, NY (Sportsbook Betting Lines) - The New York Knicks have signed guard/forward
Landry Fields, the 39th pick in the 2010 NBA Draft.
As per team policy, terms of the deal were not released.
The 22-year-old Fields averaged 22 points, good for
<< Wozniacki, Clijsters could meet in Open final rematch
New York, NY (Sportsbook Betting Lines) - Top-seeded 2009 runner-up Caroline Wozniacki
and second-seeded reigning champion Kim Clijsters could meet in a rematch of
last year's final, as the women's draw was revealed Thursday for the U.S.
Open, the final
<< FIBA deals Krstic three-game ban
Geneva, Switzerland (Sportsbook Betting Lines) - FIBA, the world governing body of
basketball, announced Thursday disciplinary action against four players for
their respective roles in a fight that broke out between Greece and Serbia at
a frien
<< Nadal, Federer could meet in U.S. Open final
New York, NY (Sportsbook Betting Lines) - World No. 1 Rafael Nadal and former top-ranked
superstar Roger Federer could meet in the final at the 2010 U.S. Open, which
revealed the men's draw on Thursday.
The top-seeded Nadal will open his stay in New Y
Freshmen to watch in the Big 12 >>
NORMAN, Okla. (AP) -If Bob Stoops had his way, the practice of redshirting incoming freshmen to save them for later would be scrapped at Oklahoma.He'd rather have his freshmen contribute right away for the seventh-ranked Sooners.``I believe that the
Ex-Cavs GM Ferry returns to Spurs front office >>
SAN ANTONIO (AP) -Danny Ferry is returning to the San Antonio Spurs.The former general manager for the Cavaliers will be vice president of basketball operations for the Spurs. He will be reunited with coach Gregg Popovich and general manager R.C. Bu
Spurs bring Ferry back to San Antonio >>
San Antonio, TX (Sportsbook Betting Lines) - The San Antonio Spurs have named Danny
Ferry the Vice President of basketball operations.
Ferry played for the Spurs from 2000-03 and was the team's director of
basketball operations from 200
Villanova's Bell out indefinitely >>
Villanova, PA (Sportsbook Betting Lines) - Villanova freshman guard James Bell will
be out indefinitely, the school reported on Thursday.
Bell, an Orlando native, was diagnosed with stress fractures in the tibia of
both legs. He will not part
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.”
To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.
In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).
If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)
In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams.
The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and online football betting thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s.
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
To visit this internet sportsbook go to MySportsbook.com for all your football betting and World Series odds.
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