Redick stays in Orlando

Basketball Betting Lines

07/16/2010 - Orlando, FL (Sportsbook Betting Lines) - The Magic have matched the Chicago Bulls' offer sheet for J.J. Redick, meaning the shooting guard will remain in Orlando for the foreseeable future.

The Bulls had given Redick, a restricted free agent, a reported three-year, $19 million offer sheet last Friday, and the Magic had seven days to match it.

Redick, selected with the 11th overall pick in the 2006 NBA Draft, had his best season in 2009-10. The Duke product averaged 9.6 points and 1.9 assists while shooting 40.5 percent from three-point range and 43.9 percent from the field overall.

The 6-foot-4, 190-pound sharpshooter averaged over 22 minutes in 82 regular season games, nearly five minutes more than his previous personal high.

"J.J. (Redick) is a valuable part of our organization, both on the court and in our community," said Magic general manager Otis Smith. "He has worked extremely hard during his four seasons with us and improved every year. We're happy that J.J. will be back to help us reach our ultimate goal."

Redick, 26, owns career averages of 7.0 points and 1.3 assists over 222 games that have all come with the Magic.

Wwwmsnmusic Basketball Betting News

<< Line of Scrimmage: NFL GameChangers '10: Running Backs
Philadelphia, PA (Sportsbook Betting Lines) - In addition to being three people who have never been in my kitchen, former NFL running backs Troy Hambrick, Greg Hill, and Neal Anderson all share another important commonality - they all followed legends.

<< Oosthuizen moves in front at St. Andrews
St. Andrews, Scotland (Sportsbook Betting Lines) - South African Louis Oosthuizen carded a five-under 67 Friday to move to the top of the leaderboard in the early stages of the second round at the British Open. His two-round total of 12-under-pa

<< Lincecum blanks Mets
San Francisco, CA (Sportsbook Betting Lines) - Tim Lincecum shut out the Mets, becoming the second-fastest Giants pitcher to win 50 games, as San Francisco posted a 2-0 victory in the opener of a four-game set at AT&T Park. It took the hard-th

<< Twins put Morneau on DL
Minneapolis, MN (Sportsbook Betting Lines) - Minnesota Twins first baseman Justin Morneau was put on the 15-day disabled list following Thursday's 8-7 loss to the White Sox due to a concussion. The move is retroactive to July 8. Morneau suffered the i

<< Pineiro beats former team, Angels down Mariners
Anaheim, CA (Sportsbook Betting Lines) - Joel Pineiro threw seven solid innings to win his seventh straight decision and the Angels got three RBI apiece from Erick Aybar and Bobby Abreu in a 8-3 win over the Seattle Mariners to start the post All-Sta

Closing birdie saves Mickelson >>
St. Andrews, Scotland (Sportsbook Betting Lines) - With the wind picking up, the cut line will likely climb through Friday afternoon, and possibly into Saturday morning, at the British Open. Phil Mickelson birdied the 18th hole Friday to post

Tigers, Scherzer open set with Indians >>
(Sportsbook Betting Lines) - Max Scherzer goes after his fifth straight winning decision this evening when the Detroit Tigers start the second half of their season in the first test of a four-game set against the Cleveland Indians at Progressive Field.

Reds, Rockies get second half started in Cincinnati >>
(Sportsbook Betting Lines) - Two potential National League playoff teams square off tonight when the Cincinnati Reds host the Colorado Rockies in the opening contest of a three-game weekend series at Great American Ball Park. The Reds enter the season

First-place Braves resume series with Brewers >>
(Sportsbook Betting Lines) - With rookie sensation Jason Heyward back in the outfield for the Atlanta Braves, things may get a bit easier for the current National League East leaders. Tonight Heyward and the Braves will resume a four-game series versus t

Cardinals turn to Garcia versus Dodgers >>
(Sportsbook Betting Lines) - The St. Louis Cardinals hope that rookie starter Jaime Garcia can duplicate what Chris Carpenter did last night when he takes the ball Friday in the second portion of a four-game series versus the Los Angeles Dodgers at Busch

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.