Rice officially introduced as Rutgers new hoops coach

NCAA Basketball Betting Lines

05/06/2010 - Piscataway, NJ (Sportsbook Betting Lines) - Rutgers officially introduced Mike Rice as its new men's head basketball coach at a news conference on Thursday.

"I'm so excited and appreciative of the opportunity and challenge that lie ahead of us here at Rutgers University," said Rice. "The University has so much to offer. I have seen firsthand the incredible passion that the Garden State and the metropolitan area has for basketball. Our team will have an identity that matches that passion and intensity each and every day. We will build a program that everyone in the Rutgers family can be proud of."

Rice, a native of Pittsburgh, Pennsylvania, agreed to a five-year contract that will run through the 2014-15 season with a guaranteed average yearly salary of $650,000 per season.

Rice led Robert Morris to a Northeast Conference title and a NCAA Tournament appearance in 2009. The Colonials nearly upset Villanova in the first round. He tallied a record of 73-31 in three seasons at Robert Morris.

Fred Hill, the former Rutgers head coach, resigned in April stemming from an incident where he yelled obscenities at Pittsburgh coaches during a home baseball game. The school later reached a financial settlement with the former coach.

Hill finished 47-77 in his six seasons with the Scarlet Knights and a dismal 13-57 mark in Big East Conference play.

Hallnark NCAA Basketball Betting News

<< Man United to take on MLS All-Stars as part of North American tour
New York, NY (Sportsbook Betting Lines) - Major League Soccer announced on Thursday that 2009 English Premier League champion Manchester United will face the MLS All- Stars in the 2010 All-Star Game at Reliant Stadium, in Houston, Texas, on July 28.

<< Cilic sneaks into BWM quarters
Munich, Germany (Sportsbook Betting Lines) - Top-seeded Croat Marin Cilic was a hard-fought second-round winner Thursday at the clay-court BMW Open, a French Open tune-up. The Aussie Open semifinalist Cilic had to come from behind to be

<< Emery to stay in charge of Valencia
Valencia, Spain (Sportsbook Betting Lines) - Valencia head coach Unai Emery has agreed a new one-year contract to remain in charge at the Mestalla next season. The 38-year-old's future had been placed in doubt before Los Che ensured that they will

<< Kjaer hints at Palermo stay
Palermo, Italy (Sportsbook Betting Lines) - In-demand central defender Simon Kjaer has vowed to stay with Serie A club Palermo if they secure a place in the Champions League for next season. The highly-rated 21-year-old Denmark internatio

<< Tosic ponders Koln return
Cologne, Germany (Sportsbook Betting Lines) - Serbian winger Zoran Tosic has hinted that he would like to remain with Koln next season, having impressed while on loan with the Bundesliga outfit. The 23-year-old moved to Germany in January after stru

Four share lead at delayed Italian Open >>
Turin, Italy (Sportsbook Betting Lines) - Paul Lawrie posted a five-under 67 Thursday to grab a share of the lead with the first round of the Italian Open suspended due to darkness. Lawrie, the 1999 British Open champion, was joined in the lea

Djokovic, Isner ease into Belgrade quarters >>
Belgrade, Serbia (Sportsbook Betting Lines) - Belgrade native Novak Djokovic and 6- foot-9 American John Isner were among Thursday's second-round winners at the Serbian Open, a clay-court French Open tune-up. The top-seeded Serbian hero Djokovi

Serena rolls into semis; Venus routed by Jankovic in Rome >>
Rome, Italy (Sportsbook Betting Lines) - Reigning world No. 1 star Serena Williams was an easy quarterfinal victor Thursday, while her big sister Venus was blasted by Jelena Jankovic at the $2 million Italian Masters, a clay- court

Villanova's Matt Szczur happy to help leukemia patient >>
Philadelphia, PA (Sportsbook Betting Lines) - Villanova two-sport standout Matt Szczur is expected to be back playing for the Wildcats' baseball team on Friday, May 14, after a two-week layoff. He considers his time on the sideline to be well spent, con

Holmes the early leader at Players; Woods under par >>
Ponte Vedra Beach, FL (Sportsbook Betting Lines) - J.B. Holmes shot a six-under 66 on Thursday to take the early lead during the first round of The Players Championship. Tiger Woods had one of his worst tournaments as a professional last

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.”

To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.

Academy Award Betting Odds for Best Picture Offer Great Value

If there is any category that is not an obvious win for any one nominee in this year's Academy Awards, it would be for Best Picture.  Sure the Departed is a 5/7 favorite, but that's hardly anything when we look at Helen Mirren and her "out-of-reach" 1 to 40 odds (which means you would win a whopping $1 for every $40 bet).

For value, take a look at MySportsbook.com Oscars betting odds on my personal favorite, The Queen - a remarkable 12 to 1 long shot.  The film hasn't won any pre-awards for Best Picture (compared to The Departed and Little Miss Sunshine), but there is a tremendous following and it is a strong enough film to warrant a surprise win.

TV Guide advises Oscar watchers should be cautioned not to discount the  drama "Babel" with its strong social themes about overcoming communication gaps among people of different cultures.

"While 'Babel' lost several guild awards to 'Sunshine' and 'Departed,'  it still enjoys loyal support, and historically Oscar voters favor dramas with social messages over comedies like 'Sunshine' and violent crime movies like 'Departed'."

"It hasn't done well in the guilds, which means there isn't much industry support," said Tom O'Neil of awards site TheEnvelope.com, "But several critics are expecting it to win, and that gets my attention." Babel had 7 to 2 odds at press time.

Who is to say independently produced Little Miss Sunshine won't be this year's Crash.  Last year, Crash won for Best Motion Picture, shocking those who bet on gay cowboy flick, Brokeback Mountain, as the favorite to win. 

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts Visa needs.