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10/25/2007 - Oceanport, NJ (Sportsbook Betting Lines) - Thoroughbred racing history will be made this week with the two-day Breeders' Cup World Championships at Monmouth Park. This is the first time, after 23 editions, that the Breeders" Cup will be held over two days, with 11 races being offered.
Three new races are now part of the Breeders' Cup and they will be run on Friday. The eight other races are set for Saturday at this beautiful track near the Jersey shore. When the Championships began in 1984, seven races were offered and then expanded in 1999 with the addition of the Filly & Mare Turf.
The weather forecast for the weekend is a wet one. Rain is called for Friday and thunderstorms on Saturday. The main track will be sloppy and the turf course could be soft at best.
Looking at the races, let's group them into categories. There are now three races for two-year-olds, including a turf race, three events on the turf for older horses, and the remaining five races, highlighted by the $5 million Breeders' Cup Classic.
A dozen two-year-olds have been entered in the brand new $1 million Juvenile Turf at a mile. European horses would seem to have the advantage in this grass event. However, the 3-1 favorite is North America's Prussian who has won both starts. The colt broke his maiden at Saratoga and is coming off a win in a stakes at Woodbine.
Coming from Europe is Achill Island the 7-2 second pick. In his four starts he has only one win with three second place results. Achill Island has been second in both starts at one-mile.
The 9-2 third choice is Strike the Deal from England. He will be stretching out to one-mile for the first time, but will carry just 122 pounds, his lightest weight so far.
At 8-1 in the morning-line, Gio Ponti will actually drop back to a mile for this race. He has won both starts and likes to come from off the pace. Gio Ponti appears to be a good pick at a nice price.
On Saturday are the traditional races for two-year-olds. Both the Juvenile Fillies and Juvenile races will at 1 1/16 miles on the main track. It is always hard to predict winners in two-year-old races. Favorites and longshots win just as often as not. Last year Street Sense won the Juvenile at 15-1 and went on to win the Kentucky Derby to break a jinx.
Indian Blessing is the 3-1 favorite in the Juvenile Fillies. She has won both starts while running on the lead. Right next to her in the five-hole will be Irish Smoke who is coming off a bad loss as the favorite in a stakes race at Keeneland. Irish Smoke runs off the pace and should rebound from her poor effort on Keeneland's all-weather surface. Cry and Catch Me is scratched from the Juvenile Fillies.
The winner of the $2 million Breeders' Cup Juvenile automatically becomes the early favorite for the Kentucky Derby. Street Sense became the first Juvenile champ to pull off the double and the first division champion since Spectacular Bid to win the Run for the Roses.
Champagne Stakes winner War Pass is the 5-2 morning-line favorite. He is undefeated in three starts and likes to win as the pace-setter. The 7-2 second choice is Tale of Ekati who is trained by Barclay Tagg. This colt comes from off the pace as he did in winning the Futurity at Belmont Park.
Norfolk Stakes winner Dixie Chatter has been scratched from the race, which leaves Norfolk runner-up Salute the Sarge as the top California entrant. Salute the Sarge will start from the next last post in the 12 horse field. He was also second in the Del Mar Futurity.
Kicking off the Breeders' Cup on Friday will be the the initial running of the $1 million Filly & Mare Sprint at six furlongs. Ten females have been entered with Dream Rush the 2-1 favorite. The filly has won four of six starts this year and will start from post three.
The lightly raced La Traviata is the 5-2 second choice. She has just three career starts, all this year, and has never lost. The three-year-old won the Post Deb Stakes here by five lengths.
The longshot to play is Jazzy. This 20-1 outsider has three starts in this country since coming over from South Africa. She was second at Monmouth Park in the Incredible Revenge Stakes.
The two favorites in Saturday's $2 million Sprint will break from the two inside posts. Midnight Lute, the 2-1 favorite, has the two hole and 7-2 second choice Smokey Stover is to his inside.
Midnight Lute has raced primarily in California this year at nothing shorter than seven furlongs. He has just one win in four starts in 2007. Midnight Lute is not a speed horse, which could prove to a disadvantage from his post position.
Smokey Stover is coming off a win in the Icecapade Stakes at Monmouth and has won five of six starts this year. If he takes the lead at the start he may not be caught.
Attilas Storm has been scratched from the Sprint with a left front ankle injury.
Only nine horses have been entered in the $1 million Dirt Mile, which concludes Friday's races. Discreet Cat is the 2-1 morning-line favorite from the inside post. He will be making his second start since a seventh place finish in the Dubai World Cup in March, The four-year-old was third in the Vosburgh last month at Belmont Park.
Met Mile winner Corinthian is the 7-2 second choice. However, the horse who loves Monmouth Park is Gottcha Gold. This colt won the Salvatore Mile and Iselin Handicap here. He is 8-1 in the program and will start from post six.
The three turf races on Saturday are the Filly & Mare Turf, Mile and Turf. European horses are always a good bet to win any of the grass events.
Nashoba's Key is the 3-1 favorite for the Filly & Mare Turf. The four-year-old made her racing debut in January and is perfect in seven starts. Three of her wins have been on all-weather tracks and is at or near the lead on all surfaces.
Honey Ryder was second to males in the United Nations Handicap here. Last year she was third in this event, just 2 1/2 lengths off the winner. The six-year- old is 9-2 in the program.
The top European horse is the 4-1 second choice Passage of Time. The three- year-old filly has only one win in three starts this year. In 2006 she won three of four starts.
The Breeders' Cup Mile has a full field of 14 for the turf event. The 3-1 morning-line favorite is Excellent Art from Europe. After Market, based in California, is the 7-2 second choice and England's Jeremy is the 5-1 third pick.
However, the two intriguing horses are Kip Deville and Nobiz Like Shobiz. Kip Deville, 6-1 in the morning-line, began the year with two staight stakes wins. He has lost his last four starts, but was a solid second to the now retired Shakespeare in the Woodbine Mile.
Nobiz Like Shobiz is 8-1 in the program and is on a three race win streak. His last three starts have all been on the grass, but this will be his first effort against older horses.
The winner of the Breeders' Cup Turf is usually the Eclipse Award winner for turf runners. Only eight have entered for the 1 1/2 mile race. Defending race winner Red Rocks is 7-2 in the morning-line and 2006 runner-up Better Talk Now is 9-2. Better Talk Now won the Turf in 2004.
Leading European horse Dylan Thomas is the 7-5 favorite. He can become the first Arc de Triomphe champ to win the Breeders' Cup Turf. To his inside will be English Channel, third in last year's Turf. English Channel is coming off a win in the Turf Classic at Belmont Park. He was second in the Sword Dancer at Saratoga after winning Monmouth's United Nations Handicap for the second time.
Belmont Stakes winner Rags to Riches is sidelined with an injury, which takes away a little of the luster for the Breeders' Cup Distaff. The $2 million race has a field of 12 females.
Indian Vale is the 3-1 favorite, though she hasn't won since June. She has lost twice to Unbridled Belle, the 9-2 third choice, this year. Most recently, Unbridled Belle defeated Indian Vale by a head in the Beldame at Belmont Park. Unbridled Bell won the Delaware Handicap in July when Indian Vale finished fifth.
The 7-2 second pick, Ginger Punch, was third in the Beldame after posting three straight wins. Highly rated three-year-olds Bear Now, Octave, Lady Joanne and Lear's Princess are all entered.
Two runners have wins at Monmouth Park this year. Prop Me Up, 50-1, won the Lady's Secret Stakes and is on a three race win streak. Hysterical Lady, 8-1, captured Monmouth's top race for females, the Molly Pitcher. She is a speed horse who has hit the board in all seven starts this year.
Completing the Breeders' Cup weekend is the 1 1/4 mile Classic. The winner will no doubt be voted Horse of the Year for 2007. Nine have been entered with each horse a solid choice to win.
Included in the field are Kentucky Derby winner Street Sense, Preakness champ Curlin and Santa Anita derby winner Tiago. Two other three-year-olds are Kentucky Cup Classic winner Hard Spun and Any Given Saturday who won the Haskell at Monmouth.
The 5-2 morning-line favorite is leading handicap horse Lawyer Ron. He set a record this summer in winning the Whitney Handicap at Saratoga.
The two longest shots are George Washington, 20-1, and at 30-1 Awesome Gem. George Washington was sixth in the 2006 Classic. Awesome Gem has been second in each of his last three starts, all in California.
The horse to look out for is 15-1 longshot Diamond Stripes. The four-year-old has been in the money all eight career starts. He won his first four races to begin his career. He then had three consecutive finishes in third place and is coming off a victory in the Meadowlands Cup earlier this month.
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Now, it's okay to call the league hypocritical when it releases injury reports, which players have told me only helps bettors. And it's okay to mutter something obscene when the league pretends gambling doesn't help drive TV ratings and fan interest and put money in owners' pockets. But when it supports other forms of gaming? Big Deal. The Bears should put an orange "C" on every deck of cards dealt at Harrah's in Joliet; the Eagles should slap their logo on roulette wheels at the Borgata in Atlantic City; the Dolphins should hold training camp at the El San Juan in Puerto Rico.
Seriously.
The NFL's problem, when it comes to the gambling world, isn't hypocrisy, it's worse: The bosses lack vision. That's why the league is picking unwinnable fights in Delaware and taking pot shots from critics after making smart sponsorship deals. Roger Goodell and his gang are acting and thinking locally rather than globally, which is rare for them, especially compared to their professional (and amateur) counterparts.
The NBA held its All Star game in Las Vegas and David Stern's kingdom didn't crumble (although the town did bring plenty of players to their knees.) I'd say it's 6 to 5 and pick 'em that Lebron will make a road swing through Sin City before his career is over.
Even the NCAA College Football Betting is more progressive on this issue than the NFL. Several years ago Rachel Newman Baker, college sports' gambling czar, opened a dialogue with Vegas bookmakers to learn about how they do business. She's visited Nevada sports books, studied their operations and listened to how they regulate action. Now she knows she can expect a call from bookmakers, who lose money when sports are fixed, if they think something sketchy is going on in NCAA games. She's not in favor of sports betting, but, as she once told me, "I know it's not going away, either."
The NFL can't seem to accept that. And until it can find peace with the idea, it'll get flack, even when it's right.
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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.”
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