Big step up for three-year-old filly

Horseracing Betting Lines

09/01/2009 - Philadelphia, PA (Sportsbook Betting Lines) - In an effort to solidify her position as 2009 Horse of the Year, owner Jess Jackson and trainer Steve Asmussen will enter three-year-old filly Rachel Alexandra in Saturday's $750,000 Woodward Stakes at Saratoga Race Course.

"Hal McCormick (co-owner), my family and I, like other fans of horse racing, want to see her tested," said Jackson in announcing that 'Rachel' would run in the Woodward. "If she goes up against older male horses, we'll be better able to get a measure of her greatness."

The filly's connections are taking this rare and exciting route because 'Rachel' will not run in the Breeders' Cup World Championships in November on the synthetic track at Santa Anita Park. Jess Jackson doesn't like the all- weather surfaces, especially after Curlin failed at Santa Anita in last year's Breeders' Cup Classic.

In the current NTRA Thoroughbred Poll, 'Rachel' remains in first-place over champion mare Zenyatta by 24 points, 208-184. The filly has 19 first-place votes to the mare's two. While various parties are working to bring the two together in a race, so far nothing has materialized.

The move to have 'Rachel' compete against older male horses is not unprecedented. In 1972 Summer Guest became the only three-year-old filly to compete in the Woodward, which was run for the first time in 1954. Summer Guest, ridden by Hall of Fame jockey Laffit Pincay, Jr., finished second to entrymate Key to the Mint. However, she was disqualified and placed third. That was when the Woodward was contested at Belmont Park over 1 1/2 miles.

"It's great to have an opportunity to run her on the stage that is Saratoga, one I think she is deserving of," said Asmussen. "To run her in a race that Curlin was fortunate enough to win last year, we realize what a tall order it is for her. Most likely Saturday, it will take a career effort for her.

"I think she knows she's a star. I think she accepts the pressure that's put on her, and she thrives on it."

Unfortunately, the field the filly will face is not a star filled one. There are some good handicap horses, Whitney Handicap winner Bullsbay, Stephen Foster champ Macho Again and Asiatic Boy who has career earnings of more than $3 million.

In some ways there's nowhere else to go with Rachel Alexandra. She devastated the field by a record 20 1/4-lengths in the Kentucky Oaks, then became the first filly in 85 years to win the Preakness. She won by 19 1/4-lengths in the Mother Goose Stakes and posted a six-length victory in the $1.25 million Haskell Invitational at Monmouth Park.

'Rachel' is working on an eight race winning streak, including all seven starts this year. Lifetime she has won 10 of 13 races for nearly $2.5 million.

More interesting, or puzzling, is the fact that this will be the second straight race for 'Rachel' that will not be televised on a major network. The Haskell was not picked up anywhere, other than the racing channels. If the filly has become such a popular figure, then where is the television coverage of her races?

Someone is definitely dropping the ball when it comes to broadcasting these historic thoroughbred races.

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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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