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At last, free agency starts for Dwyane Wade

Basketball Betting Lines

06/30/2010 -

MIAMI (AP) -For Dwyane Wade, the start of free agency was predictable. He got courted by Pat Riley.

The Miami Heat contacted a slew of top free agents when the clock struck 12:01 a.m. Thursday, a deep list that includes Wade, LeBron James, Chris Bosh, Amare Stoudemire and Carlos Boozer, among others.

And of course, Wade was atop the list.

After seven seasons with Miami, Wade doesn't want to leave, yet says it's up to the Heat to put together a roster that will help him contend for more championships.

Riley was already at work on that in the first minutes of free agency, setting up meetings in Los Angeles with some top targets. The Heat traveling party included Riley, coach Erik Spoelstra and minority owner Nick Arison, among others.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.

<< Wild re-sign Latendresse
St. Paul, MN (Sportsbook Betting Lines) - The Minnesota Wild re-signed forward Guillaume Latendresse to a two-year, $5 million contract Wednesday night. Latendresse scored a career-high 27 goals last season and had a total of 13 assists.

<< Guillen's blast lifts Royals over ChiSox
Kansas City, MO (Sportsbook Betting Lines) - Jose Guillen capped a four-run seventh with a three-run homer, as the Kansas City Royals held off the Chicago White Sox, 7-6, in the rubber match of a three-game series at Kauffman Stadium. Billy Butler

<< Jurrjens returns, pitches Braves over Nationals
Atlanta, GA (Sportsbook Betting Lines) - Jair Jurrjens pitched into the sixth inning in his return to the rotation and singled in a run as the Braves downed Washington, 4-1, in the rubber match of a three-game series. Jurrjens (1-3), who wa

<< Garza holds down Red Sox
Boston, MA (Sportsbook Betting Lines) - Matt Garza kept Boston's bats silent through seven-plus innings and Tampa Bay pulled away to earn a 9-4 win and a split of a quick two-game set at Fenway Park between the American League East foes. Garza (9

<< Blackhawks ship Versteeg to Maple Leafs
Chicago, IL (Sportsbook Betting Lines) - Battling against the salary cap, the defending champion Chicago Blackhawks have traded gritty forward Kris Versteeg to the Toronto Maple Leafs in a five-player deal. The Maple Leafs also acquired the right

Wolves to host Gay, Lee this week >>
MINNEAPOLIS (AP) -The Minnesota Timberwolves will bring free agents Rudy Gay of Memphis and David Lee of New York in for visits this week.Team president David Kahn says Gay will come to the Twin Cities on Thursday and stay through Friday and Lee wil

Mets take advantage of Marlins mistakes to avoid sweep >>
San Juan, PR (Sportsbook Betting Lines) - Pinch-hitter Josh Thole singled in the go- ahead run in the sixth inning, and the New York Mets downed the mistake-prone Florida Marlins, 6-5, to avert a three-game sweep at Hiram Bithorn Stadium. David W

Cavs close to hiring Scott as head coach >>
Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Cavaliers are reportedly close to hiring Byron Scott as their next head coach. Several media sources report the Cavs were in negotiations with Scott, who started last season as head coac

Rockets make pitch to free agent Bosh >>
HOUSTON (AP) -Houston Rockets general manager Daryl Morey sure knows how to make a first impression.Morey met with coveted free agent Chris Bosh just after midnight Thursday, making a pitch to an available player at the exact moment free agency open

Guerrero burns former team as Rangers top Angels >>
Anaheim, CA (Sportsbook Betting Lines) - Vladimir Guerrero continued to torment his old team, going 4-for-4 with two homers and five RBI, as the Texas Rangers evened this three-game set with a 6-4 win over the rival Angels. Guerrero, who spent the

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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