Brazilian Melo extends deal with Fiorentina
Soccer Betting Lines
06/30/2009 - Florence, Italy (Sportsbook Betting Lines) - Brazil midfielder Felipe Melo has pledged his immediate future to Fiorentina by signing a one-year contract extension which ties him to La Viola until the summer of 2013.
The 25-year-old has been linked with a summer exit from Florence, with Arsenal and Barcelona both rumored to be interested in the holding midfielder.
However, a statement on the club's official website confirmed: "Fiorentina's director of sport, Pantaleo Corvino, today met with the agent of La Viola central midfielder Felipe Melo in Milan.
"On this occasion, details of an agreement for the extension of Melo's contract until 2013 with a buyout clause were agreed."
Melo moved to Italy a year ago, having previously played in Spain with Almeria, Racing Santander and Real Mallorca.
(Courtesy of sportbox.tv)
Bronx, NY (Sportsbook Betting Lines) - The New York Yankees have acquired utilityman Eric Hinske and cash considerations from the Pittsburgh Pirates for a pair of minor leaguers. Hinske appeared in 54 games for the Pirates this season and was b
<< Los Angeles clinches playoff berth
Carson, CA (Sportsbook Betting Lines) - The first-place Los Angeles Sol have become the
first team in Women's Professional Soccer to clinch a playoff spot.
The Sol's 4-0 win over the Chicago Red Stars Saturday, combined with the Saint
Louis Athleti
<< D.C. United releases Peters
Washington, D.C. (Sportsbook Betting Lines) - D.C. United has released defender Anthony
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"We'd like to thank Anthony for his hard work an
<< Seattle's Jaqua wins MLS Player of the Week
New York, NY (Sportsbook Betting Lines) - Seattle Sounders FC forward Nate Jaqua claimed
Major League Soccer's Player of the Week award for Week 15.
Jaqua tallied two goals and an assist in Sunday's 3-0 victory over the Colorado
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<< Johnson, Giants vie for another win over reeling Cards
(Sportsbook Betting Lines) - Ageless lefty Randy Johnson seeks a third straight win and
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The Giants won the o
London, England (Sportsbook Betting Lines) - Reports suggest Chelsea is on the verge of sealing an $30 million deal to acquire CSKA Moscow winger Yuri Zhirkov. Sportsmail is reporting that Blues owner Roman Abramovich has agreed a deal with CSK
CFL Previews - Week One - July 1-3 >>
Philadelphia, PA (Sportsbook Betting Lines) -
TORONTO ARGONAUTS (0-0) AT HAMILTON TIGER-CATS (0-0)
DATE & TIME: Wednesday, July 1, 7:00 p.m. (et)
GAME NOTES: The 2009 Canadian Football League season kicks off Wednesday
evening, as the H
Bayern will not sell Ribery >>
Munich, Germany (Sportsbook Betting Lines) - General Manager Uli Hoeness has reiterated
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Second opinion produces same diagnosis for Beltran >>
New York, NY (Sportsbook Betting Lines) - A second opinion on the injured knee of New
York Mets center fielder Carlos Beltran reportedly remains a bone bruise.
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Barca's Xavi would not want Ronaldo >>
Barcelona, Spain (Sportsbook Betting Lines) - Barcelona midfielder Xavi has blasted
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Ronaldo is set to complete a world record $132 million
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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