Miami's Pat Riley returns to bench in Houston

Basketball Betting Lines

02/21/2007 - (Sportsbook Betting Lines) - The Miami Heat welcome head coach Pat Riley back to the bench tonight when they travel to Houston to battle the Rockets at the Toyota Center.

Riley announced before the Heat's 104-85 win over Portland last Tuesday he would return after the All-Star break. Assistant Ron Rothstein took over in Riley's place and compiled a 13-9 mark. Miami is 13-17 under Riley this year.

Riley stepped aside from his duties on January 3rd because of health related issues. He was suffering from knee and hip conditions, both of which required surgery.

Dwyane Wade poured in 25 points in the win over Portland despite suffering a bruised left shoulder. He suffered the injury when colliding with the Trail Blazers' Joel Przybilla before landing on top of him.

He left the game, but did return and had 16 points in the final period. He is not expected to miss anytime with the ailment, and even netted 10 points with six steals in the East's 153-132 setback over the weekend.

Teammate Shaquille O'Neal added 10 points and six boards for the East on Sunday.

In other All-Star game festivities, Miami's Jason Kapono captured the Three- Point Shootout, while Wade repeated as the Skills Challenge champion.

The Heat have won seven of their last eight games to get back to .500 (26-26) and are 4 1/2 games back of Washington for the lead in the Southeast Division. The club currently is tied for seventh overall in the conference with Orlando and is 11-16 on the road this year.

Miami will play in Dallas on Thursday.

Houston is concluding a four-game homestand tonight. The Rockets fell to 2-1 on the stand after an 80-77 setback against Dallas last Thursday.

Tracy McGrady scored 27 points and pulled down 10 rebounds for the Rockets, are 19-7 as the host this year. Juwan Howard scored 14 points for Houston, and Shane Battier added 11 points.

McGrady represented Houston in Las Vegas over the weekend and had eight points and 11 assists in the West's win.

Houston center Yao Ming was voted into the game, but didn't play and is still expected to miss another 2-3 weeks because of a fracture bone under his right knee.

The Rockets are currently fifth overall in the west and are 10 1/2 games off the pace in the Southwest Division.

Houston captured the first meeting between the two teams this year to snap a two-game overall losing streak in the series. The Rockets, though, have dropped four of their last six at home against Miami.

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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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