Habs appoint Carriere assistant GM
Hockey Betting Lines
07/16/2010 - Montreal, Quebec (Sportsbook Betting Lines) - The Montreal Canadiens announced on Friday the appointment of Larry Carriere to assistant general manager and director of player personnel.
Carriere, a Montreal native, had been a pro scout for the Washington Capitals since 2004. His tenure culminated in the parent club winning the President's Cup last season, while the Capitals' AHL affiliate in Hershey won the last of its three Calder Cup championships during Carriere's run.
"We are extremely happy to announce the appointment of Larry Carriere as assistant general manager/player personnel. Larry brings with him an important background in the NHL in several key areas such as recruitment, player evaluation and player development. He will be a key contributor to our hockey management team", said Canadiens general manager Pierre Gauthier.
The 58-year-old previously spent two decades with the Buffalo Sabres, serving as assistant general manager from 1995-2004 including a brief stint as general manager in 1997. He also worked as director of player evaluation for the Sabres (1993-95) as well as amateur scout (1983-1993).
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres have placed pitchers Mat Latos and Mike Adams on the 15-day disabled list. Latos will be out of action due to a strained left oblique muscle suffered when he was trying to hold
<< Indians release C Redmond
Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Indians have released catcher
Mike Redmond after designating him for assignment last Saturday.
Redmond was hitting .206 with five runs batted in over 63 at-bats at the time
of his designation
<< Brewers' Davis shelved by elbow tendinitis
Atlanta, GA (Sportsbook Betting Lines) - The Milwaukee Brewers have placed lefty Doug
Davis on the 15-day disabled list with tendinitis in his left elbow.
Davis was scheduled to pitch Monday to open a four-game series in Pittsburgh.
He missed the
<< Tampa re-signs C Thompson
Tampa, FL (Sportsbook Betting Lines) - The Tampa Bay Lightning re-signed center Nate
Thompson to a one-year contract on Friday, a move that allowed the club to
avoid arbitration with the player.
The 25-year-old played in 32 games and tallied
<< Blues extend Hensick's contract
St. Louis, MO (Sportsbook Betting Lines) - The St. Louis Blues have signed forward
T.J. Hensick to a one-year contract extension.
Hensick was picked up in a trade with Colorado in June and saw time in just
seven NHL contests in 2009-10, not
Bronx, NY (Sportsbook Betting Lines) - The New York Yankees held a tribute prior to Friday night's game against Tampa Bay to honor late team owner George Steinbrenner and former public address announcer Bob Sheppard. Fans and the entire
Red Sox issue medical updates on Pedroia, Varitek >>
Boston, MA (Sportsbook Betting Lines) - Boston Red Sox manager Terry Francona issued
medical updates on second baseman Dustin Pedroia and catcher Jason Varitek
prior to Friday's game against the Texas Rangers.
Pedroia broke a bone in his left
Heat re-sign Anthony; formalize Miller signing >>
Miami, FL (Sportsbook Betting Lines) - The Miami Heat continued filling out their roster
on Friday by re-signing center Joel Anthony and inking second-round draft pick
Dexter Pittman.
The team also formalized the signing of free agent guard Mike
Mets bump Pelfrey to Monday >>
San Francisco, CA (Sportsbook Betting Lines) - New York Mets starting pitcher Mike
Pelfrey will have his scheduled Saturday start pushed back to Monday due to a
stiff neck.
The Mets will insert lefty Hisanori Takahashi to take the place of Pelf
Gainey goes in front at Chiquita Classic >>
Maineville, OH (Sportsbook Betting Lines) - Tommy Gainey posted a six-under 66 on Friday
to move atop the leaderboard after the second round of the inaugural Chiquita
Classic.
Gainey finished 36 holes at 14-under 130 at TPC River's Bend and is one st
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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