08/26/2008 - Statesville, NC (Sportsbook Betting Lines) - Gillett Evernham Motorsports announced Tuesday that Reed Sorenson has signed a multi-year contract to join the team, starting with the 2009 NASCAR Sprint Cup Series season.
"I'm pretty pumped up about this," Sorenson said. "I can't wait to get in their cars. I really believe in what they are doing with their program with all their wins and poles this year."
Sorenson's car number and team sponsorship will be announced at a later date.
Sorenson will finish the 2008 season in the No.41 Dodge for Chip Ganassi Racing. He has recorded five top-five finishes, including a fifth-place finish in this year's Daytona 500, in 97 Sprint Cup starts for Ganassi. He has also scored three Nationwide Series victories.
"Reed is a highly talented driver with a wealth of experience and accomplishments for a 22-year-old," Mark McArdle, the team's vice president and managing director of competition, said. "We believe he has a great future ahead of him here at Gillett Evernham Motorsports. He will be a great fit with our drivers, sponsors and employees."
GEM owns 15 victories and 27 poles since it began racing full-time in 2001.
Juan Pablo Montoya is now the only driver signed with Ganassi in Sprint Cup for next year. Dario Franchitti was released from his driving duties two months ago when the No. 40 team ceased operations due to lack of sponsorship. Ganassi will also loose its sponsorship with Texaco Havoline for Montoya's No.42 team at the end of the season.
<< Ivanovic sneaks into second round in New York
Flushing Meadows, NY (Sportsbook Betting Lines) - World No. 1 Ana Ivanovic survived
her first-round match Tuesday at the U.S. Open.
The Serbian Ivanovic, who's battled a thumb injury in recent weeks, snuck past
Russian Vera Dushevina 6-1, 4-6, 6-4 o
<< Fire tab industry veteran Greeley as top executive
Bridgeview, IL (Sportsbook Betting Lines) - The Chicago Fire appointed sports industry
veteran Dave Greeley as President, the Major League Soccer club announced on
Tuesday. Greeley will oversee the day-to-day business operations and will be
the to
<< Report: LPGA to require English proficiency
Orlando, FL (Sportsbook Betting Lines) - The LPGA plans to require its members to learn
and speak English, according to Golfweek.
The new requirement was revealed to the tour's increasing South Korean
membership in a mandatory meeting at th
<< Miami Dolphins 2008 Season Preview
(Sportsbook Betting Lines) - Only Bill Parcells could be retired, move to South Florida
and undertake a laborious NFL rebuilding effort.
The soon-to-be 69-year-old left Dallas in '07 and went all of one year without
feeding his football addiction. To
Colts' Manning ready to practice >>
Indianapolis, IN (Sportsbook Betting Lines) - Indianapolis Colts superstar quarterback
Peyton Manning was activated off the physically unable to perform list
Tuesday.
Manning had been on the PUP list since training camp opened after underg
Colts still murky on Saturday injury >>
Indianapolis, IN (Sportsbook Betting Lines) - The Indianapolis Colts are still not
sure how bad the right knee injury to center Jeff Saturday is.
Coach Tony Dungy told the Indianapolis Star that further evaluations will
determine if an inju
Format changes for the 2009 Budweiser Shootout at Daytona >>
Daytona Beach, FL (Sportsbook Betting Lines) - Next year's Budweiser Shootout at Daytona
will have a new format. NASCAR officials announced Tuesday the pre-season,
non-points race at the Daytona International Speedway will feature the top-six
teams
Sakic decision could come this week >>
Denver, CO (Sportsbook Betting Lines) - Colorado Avalanche veteran center Joe Sakic
might announce Thursday whether or not he will be back on the ice for a
20th season.
According to the Denver Post, Sakic will speak at a news confer
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. “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).
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.
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.
MySportsbook.com favors Bears, Bengals, Chargers and Colts to remain perfect
LAS VEGAS , Sept. 28 - Two big match-ups of undefeated teams have fans salivating at the Week Four schedule in the NFL. The Chicago Bears stifling defense looks to provide a less than hospitable welcome to the Seattle Seahawks on Sunday night in a battle of two 3-0 teams in the NFC conference. In the AFC, the San Diego Chargers (2-0) head to Maryland to face the surprising Baltimore Ravens (3-0) as both try to keep pace atop the conference standings. Betting Lines makers at MySportsbook.com, online sportsbook and casino, have set the Bears as 3.5 point favorites while the Chargers are a 2.5 point bet.
Of the three remaining undefeated teams, only one, New Orleans, enters this week's game as an underdog. Despite an emotional and resounding win over Atlanta on Monday night, the Saints are a 7.5 point underdog against the struggling Carolina Panthers. Indianapolis looks to stay perfect when they face the New York Jets as a 9 point road favorite while the Cincinnati Bengals are a 6 point favorite at home to the New England Patriots.
Six teams enter the week still looking for their first win, with a seventh, Tampa Bay, on a bye week. The prospect of dropping another game would not bode well for a potential playoff run. Since 1990, just three teams -- the 1992 Chargers, 1995 Detroit Lions and 1998 Buffalo Bills -- have overcome losing their first three games of the season to earn a postseason berth. And only the Chargers managed to accomplish the feat after starting 0-4.
To visit this online sportsbook got to MySportsbook.com for all your NFL football betting needs.
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