How the Sports Betting Line is Made by RJ Bell

Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. In doing so they attempt to make more attractive the team that is getting less action. We do this by drawing from past experiences and applying them to current situations.

“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).

What Is the Line Trying to Accomplish?

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action.

Contributed by:

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). For example, the public might have heavy betting interest week after week on a popular college football team such as USC. If we’ve done that, we’ve done our job.”

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. 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.

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather. 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. 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. 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). Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. 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. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process.

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)

“You either have a passion for it or you don’t,” Seba said. This usually includes having up-to-date power ratings on each team. 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. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

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. The power ratings are adjusted after each game a team plays. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach.

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.

How the Opening Line Is Made

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.

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by.

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

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.

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. 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.

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines.

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. By moving the line, sportsbooks can influence how the public bets on a particular game. Reasons for such adjustments include:

Experts working for the individual books having a strong opinion on the game .

“The #1 thing for us is to make a line for each game that creates good two-way action. Of course there is an entire method to the madness on how the opening line is created. 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’). By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

Why the Line Changes

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks.

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. People think it’s much more complicated, but it’s not.”

Once betting begins, sportsbooks can adjust the line at any time

12 Effective Tips to Get Rid of Gambling Addiction

Here are some useful tips regarding lifestyle changes to get rid of a gambling addiction.

. Study results show that a gambler who has not been treated for compulsive gambling during his desperation phase is likely to commit suicide. Addiction to gambling at a young age increases the risk of suicide. ‘Problem gambling’, also known as ‘ludo mania’, can destroy the life of the gambler and also of his/her family members. Despite being aware of the serious negative consequences, or despite having a strong desire to quit, he cannot stop himself from gambling. He lies to his family and friends, borrows money, and loses control over his mind and behavior. When a gambler with severe ludo mania meets certain criteria, the condition is diagnosed as ‘clinical pathological gambling’. To experience the same excitement, he needs larger wagers or more frequent gambling.

There are chances that he has other psychiatric problems at the same time; for example, substance use disorder, mood and anxiety disorder, personality disorder, etc. Researchers have noticed increased rates of mental health disorders in gamblers with severe ludo mania. Gambling addiction is referred to as ‘compulsive gambling’ or ‘impulse-control disorder’, where the behavior of the gambler is similar to that of a person who has substance addiction.

When an individual realizes that gambling is destroying his family and social life, he thinks of quitting, but in just a few hours or within a couple of days, he is again found in a gaming zone or casino. As he spends more gambling, he requires more money to recover his losses. He may lose his job and may commit crimes to get money for gambling. Analysis of casino customer data may help identify problem gamblers, but casino owners do not share this data for fear of losing their most lucrative customers (may be 25 – 50%). But studies show that suicide attempts are usually made by older people with problem gambling

Tipping Slot Attendants In Las Vegas

Good tips can encourage great customer service. Many people feel if they hit a jackpot, regardless of the size, they should tip the slot attendant because he or she was the one that paid out the jackpot.

In todays world the casino could just as easily have the machine spit out a ticket and then I could take it to the cashiers’ cage to redeem my earnings. As For Slot attendants, the only thing they can do is be rude too you. I also do not have to stumble with placing 2-3 quarters in her hand each time she brings me a new drink.

Others suggest that tipping the slot attendant is a waste of money and will never do it. A lot of their income is based on tips. The cocktail waitresses, the slot attendants, and all other casino personnel have no incentive to be friendly, prompt, and courteous to the casino patrons.

If I have to tip a slot attendant to keep him or her happy then I will simply spend my money elsewhere. Did the slot attendant pitch in on the money I put in the machine? No. The problem though, is that in order to survive the slot attendant needs to receive tips.

A slot attendant always needs to be polite and courteous to players regardless of whether they receive a tip or not. They point many customers to many different machines.

Their have been casinos in the past that have tried a no tipping policy.

It is a scam. These people feel that the only thing the slot attendant did is put a ticket in the machine and count out your cash.

If you feel that you have received excellent customer service in a casino and want to tip the person or people, then go right ahead. Casinos want players to keep playing after they win a jackpot, not pack up and move to a competitor’s casino.

If you win a jackpot and don’t tip the slot attendant, and then receive poor and rude service from the slot attendant, quit playing. Out of all of these customers, one may hit a jackpot. They can get you paid out faster, and they will let the cocktail waitresses know that you tip so your drinks will come more often without waiting.

Yes, You Should Always Tip the Slot Attendants

Slot Attendants generally work for minimum wage. It is very hard to survive in Las Vegas on minimum wage.

Tipping is very personal, at the restaurant if you are not a regular tipper but you always eat there, then be prepared to have mucus in your food. The customer then thinks they won because the slot attendant pointed them too the machine originally. I may have lost $700 before I won the jackpot. The slot attendants do not know any better then you do which gaming machines are the best too use. Every time those casino policies have failed. Did the slot attendant give me money last week when I lost money?

If this happens multiple times a casino will then either retrain the slot attendants in customer service skills or fire them.

Just because I won a $500 jackpot does not mean that I am ahead $500. On the same token, if you feel a customer does not receive a tip then do not tip them. Slot attendants do not deserve a tip and never have.. Explain to them how you won a mini-jackpot and was going to keep gambling here but instead you are taking your winnings to a different casino to play because you are tired of the slot attendant who is very rude too you, simply because you did not give her a tip.

The slot attendant will then stare at you, hoping for tip. Instead, the casino wants to verify that the win is authentic, and then have the slot attendant pay me my winnings.

The debate has raged on for years. I don’t think so.

Many people who like to tip say “well the slot attendant pointed out the good machines too use”. Cash out your machine and find a floor supervisor or manager. You should never feel forced to tip a slot attendant. That means I am still down $200, and the slot attendant wants a tip. It is all luck.

Further Thoughts on Slot Attendants

Whether you choose to tip the slot attendants or not is a very personal choice. Here are both sides to the story.

Tipping slot attendants is simply the right thing too do.

The debate on whether you should tip your slot attendant or not rages on. For what? The slot attendant did nothing but take 3 minutes of her time to pay me my earnings. Most of them will lose. If you go to the same casino to play on a regular basis, a repeat customer, then you should always tip the slot attendants. I tend to give a large tip too the cocktail waitress the first time I see her. Maybe in the old days, before all of this new computer generated tickets, I would consider tipping the slot attendant. You should decide for yourself whether you want to tip a slot attendant. They can point you out too machines that tend to pay off more often. Image Credit: (Flickr/sophistechate)

Become A Slot Tech In Las Vegas

All Day Long Buffets In Las Vegas

No, Don’t Ever Tip the Slot Attendants

I gamble my own money, I get lucky and win $500, and now I am suppose to tip the slot attendant who simply paid me the cash? It is a scam. Each night the slot attendants play a game of numbers.

As for the other casino staff such as cocktail waitresses and blackjack dealers, if you tip or not is up too you. If your slot attendant is rude, cash out, talk to a floor supervisor, and then move onto a new casino.

The casinos that have tried to the no tipping policy have paid higher than minimum wage to their workers, but it was still not enough.

Most slot attendants will tend to be courteous, even if you do no tip them. I then usually receive many drinks and get them without waiting. I call hors manure on that

Macau: China’s gambling mecca desperately needs to diversify

Also, visas are in short supply, and some gamblers are upset by a new ban on smoking on playing floors. but longer term investors should not abandon ship,” the analysts said.

But now gamblers are staying away for several reasons. The neighboring island of Hengqin, which is much larger in size than Macau, has caught Beijing’s attention as a prime development and diversification opportunity.

Related: Macau’s gambling industry dwarfs Vegas

The unexpected decline has set off alarm bells in Macau: Despite continued warnings, the territory has failed to diversify its economy beyond gambling, putting it at risk of an industry downturn.

Should the good times resume, Macau would do well to invest the profits wisely.

Wynn Macau is building a 15,000 seat arena. When the industry booms and tax revenue jumps, residents — most of whom are employed in the business — receive payouts from the government. “Headwinds will persist …

‘;

*/

var smartAssetDiv = ”;

for (i = $allParagraphs.length-1; i > 0; i–)

if (i > 4)

afterParagraphFour = true;

$currentParagraph = $($allParagraphs[i]);

heights += $currentParagraph.height();

if (heights > limit && afterParagraphFour)

console.log($currentParagraph.text());

$currentParagraph.after(smartAssetDiv);

heights = -9999; // reset the heights variable

$(‘#smartasset-article’).css(‘float’,’left’); // allows module to have text float to right

$(‘#smartasset-article’).css(‘margin-right’,’20px’);

$(‘#smartasset-article’).css(‘margin-bottom’,’25px’);

function setSmartAssetScript() [];

SA.push(

embedUrl: “https://smartasset.com”,

container: “#smartasset-article”,

version: 1.1,

data:

// key: ‘CNNe038d38a57032085441e7fe7010b0′

key: “bdknf2rinbhwvdksm6zbmhf3twrv4oih”

);

console.log(‘finished in setSmartAssetScript push() call’);.

During a December visit, President Xi Jinping encouraged Macanese leaders to expand beyond gambling and promote “appropriate diversification.”

“This is of great importance for the interests of the people of Macau,” Xi said. Casinos in Cambodia, Vietnam and the Philippines are all working hard to attract Chinese gamblers.

Looking ahead, analysts at CLSA expect Macau’s casino revenue to stabilize in the first half of 2015, and rebound in the second half of the year. It is also the only place in China where gambling is legal.

CNNMoney (Hong Kong) First published January 21, 2015: 9:06 PM ET

by Charles Riley   @CRrileyCNN January 21, 2015: 9:06 PM ET

The decline accelerated through the end of 2014, culminating with a 30.4% revenue drop in December compared to the previous year.

The gambling dependence has drawn attention from the highest levels of Chinese government.

More than 80% of government revenue comes directly from the casinos.

Some developers have taken note, and are planning new malls and theaters. The idea is to offer guests a more complete resort experience.

Terms & Conditions apply

NMLS #1136

var smscript = document.createElement(“script”);

smscript.type = “text/javascript”;

smscript.async = true;

smscript.src = (“https:” == document.location.protocol ? “https://” : “http://”) + “smartasset.com/embed.js”;

var s = document.getElementsByTagName(“script”)[0];

s.parentNode.insertBefore(smscript, s);

console.log(“finished entire function of setSmartAssetFunction()”);

;

setSmartAssetScript();

Macau, like Hong Kong, is a Special Administrative Region of China.

Related: Macau trumps Vegas with huge minimum bets

The obvious starting point is for Macau to boost its entertainment and leisure options, which lag far behind the glitz, glam and family fun offered in Vegas. Shares in the major casinos fell by 30% to 40% in just six months. The average minimum bet at non-VIP tables is around $250 — far beyond the reach of casual gamblers. An intense anti-corruption campaign underway in Mainland China has made them wary about visiting casinos.

As is, baccarat is the prime attraction in Macau, totaling more than 90% of casino game offerings.

But more could be done, especially as other regional gambling destinations take aim at Macau. Since 2002 its casino industry has grown into a $45 billion heavyweight, roughly seven times bigger than Las Vegas

Online Sport Book Gambling by Darren Dunner

This will give you a better idea of their services and help you select the site accordingly.

Finding a secured and a reliable Sport Betting Site

Online sport book gambling enables bettors to bet on various sports competitions including golf, football, basketball, baseball, hockey, soccer, horse racing and boxing. Some bet on sport book just for fun and excitement. Online sport book gambling has become a source of living for may people all over the world and they consistently seem to make money by beating the house.

Considering the number of sport betting sites on the web it is difficult to select the best one of the lot. Some bet on their favorite sport just to make the game more exciting no matter what the point spread may be.

Online sport book gambling means different things for different people. · It is very important to increase your knowledge about the sport game you are betting into. The winning amount is paid to the bettors on the completion of the sport event or if not completed, when played long enough to become official, otherwise all bets are returned. This makes it very much important on your end to find a safe place to bet. It is important on part of the bettor to read the rules and guidelines of the sport books carefully before placing their bets. . More basically people bet on sport books to make money. There is every chance that you might come across scams sites, full of liars who only want to make money. Today there are nearly around 150 licensed sports books in the United States, all located in Nevada casinos.

Online sport book gambling is soon becoming popular with the invention of the Internet over the last decade or so. Make sure to do a proper research on the game in order to make more money. Though online sport book gamblers cannot see each other physically, they all thrive on the numerous bets taken online.

· Always use the trial program offered by the sport book website to try their services for a day or two. Online sport book gives gamblers an opportunity to be a part of dozens of bets within seconds

Global Online Gambling Benchmarking Study – 2016/2017 Edition – Research and Markets

8 Profit before tax

Part 5 – Player/customer-related benchmarks

- In-depth mobile gambling focus – We have added still more analyses of

the mobile gambling business in order to cover the full range of

relevant mobile KPIs

1 Introduction

10 Staff costs

Part 7 – Marketing-related benchmarks and analyses

16 Betting-related benchmarks

19 Casino games/offers – product benchmarking

What’s new in the 2016/2017 edition:

- In-play/live betting benchmarks, such as in-play/live betting’s share

of total revenue, in-play/live betting gross revenue margins

- More product-related topics and benchmarking – Growth potential for

selected products, benchmarking of product offers, such as number of

football bets, casino games, lotto and numbers games

For more information about this report visit http://www.researchandmarkets.com/research/wbkzkq/online_gambling

- Expense/costs benchmarks and margins, such as marketing, staff costs

- Analyses of financial results, such as EBITDA, EBIT, including

comparison of margins.

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Online

Gambling Benchmarking – 2016/2017 edition” report to their

offering.

18 Casino games revenue breakdown

12 Active players/customers

- Geographical analyses, such as the level of internationalisation and

geographical diversification.

Related Topics: Online

Gambling

6 EBITDA

- Twitter

- Facebook

21 Social marketing benchmarks

Part 6 – Product-related benchmarks

4 Revenue growth

Key Topics Covered:

- Google

Part 4 – Expenses/costs benchmarks

- Player/customer-related benchmarks, such as active player development,

ARPUs, churn rates

22 SEO benchmarking – which operators are doing the best job in SEO?

5 Revenue related benchmarks

11 Research and development

Part 3 – Key financial results benchmarks

- Revenue growth benchmarks are broken down by products/verticals.

- Current data and KPIs as well as historical data back to 2007 – Our

benchmark analyses are based on the most recent data and KPIs and also

trace long-term developments as far back as 2007.

17 In-play/live betting benchmarks

25 French online gambling market

- More marketing benchmarks – Social benchmarks (e.g., number of

Facebook Likes and Twitter Followers, …), SEO benchmarks (e.g., Google

ranking analyses), affiliate marketing benchmarks (e.g., top 30 online

gambling advertisers/brands on affiliate websites)

Part 8 – Regions and regulated markets analyses

26 Danish online gambling market

20 Lotto, numbers games, – product benchmarking

Part 2 – Growth benchmarks

14 Churn rate of active players/customers

3 Mobile gambling in the spotlight

The report offers a comprehensive analysis and benchmarking of key

performance indicators (KPIs), key business figures, relevant margins,

and much more to enable executives in the online gambling industry to

improve both controlling and operations.

- Mobile business benchmarks, such as mobile share of total online

business,mobile share of total online casino/gaming business

9 Marketing

The report offers unprecedented insights into the industry:

7 Operating profit / EBIT

Companies Mentioned

Part 1 – Online gambling trends and hot topics

23 Affiliate marketing benchmarking

- Product-related benchmarks, such as product/vertical split,

cross-selling, breakdown of betting revenues by type of sport

15 Overview, comparison, and growth development

13 Revenue per player – ARPUs

2 Key trends and topics

- Strategic issues – Strategic topics, such as overall industry climate,

trends

24 Overview and comparison of regulated markets