Gaming: College Pigskin Prognostications

NCAA Football Betting Lines

09/03/2010 - Philadelphia, PA (Sportsbook Betting Lines) - After months of waiting, the 2010 college football season is ready to kick off its first barrage of Saturday games, and with that comes the unveiling of my inaugural Top 12, followed by each club's power ratings.

1-T) Boise State and Ohio State, 100.5; 3-T) Oklahoma and Alabama, 100; 5) Florida, 99.5; 6) Texas, 99; 7) Nebraska, 98.5; 8-T) Wisconsin and Iowa, 98; 10-T) TCU and Oregon, 97.5; 12) LSU, 96.5

For comparison purposes, here were last year's final Top 10 numbers:

1) Alabama, 108; 2) Florida, 106; 3) Texas, 105.5; 4) TCU, 103.5; 5) Oklahoma, 103; 6) Virginia Tech, 102; 7) Boise State, 101.5; 8-T) Nebraska and Ohio State, 100; 10) Oregon, 98

2009 ATS RECORD

Yours truly went 5-3 during last year's bowl campaign for a final 2009 ATS total of 116-94-2, good for 55 percent.

This season I will continue highlighting the top plays on a weekly basis, especially since those games with extensive write-ups went 25-8-1 between Oct. 1 and the end of the season. I will also try to maintain that 75 percent winning percentage in 2010.

For those reading this column for the first time, I break down my picks into four classifications. The Five-Star plays are those games where my key selections and my "Power Numbers" match. The Three-Star choices are my personal picks, while the Two-Star plays are the "power number" picks -- games with at least a five-point differential between my line and the actual line. Finally, the One-Star plays are my personal secondary selections.

Last season's Five-Star totals wound up at 5-4 (56 percent). The Three-Star choices went 45-24-1 (65 percent), while the Two-Star plays finished at 35-31-1 (53 percent). The One-Star picks ended at 31-35 (47 percent).

So far in 2010, the overall record stands at 1-0-1 as Hawaii (Two-Star) covered against USC and Utah (Three-Star) pushed versus Pittsburgh.

THE LONE FIVE-STAR PLAY

Auburn hosts Arkansas State in its opener this Saturday but one wonders how much the Tigers have prepared for the Red Wolves, especially with a huge conference road game just five days later against Mississippi State.

There is no doubt Auburn will be much improved this season after going 3-5 in SEC play last year. However, do not sell Arkansas State short. The Red Wolves have covered at least one game per season over the last seven years versus a BCS opponent, including a three-point SU loss at Iowa in '09, a victory over Texas A&M in '08, and an eight-point SU loss at Texas in '07. Arkansas State's defense will keep this one much closer than the line suggests.

Take the Red Wolves plus the points.

THREE-STAR PLAYS

Oklahoma State hosts Washington State and, surprisingly, the Cowboys are not favored by at least 20 points. The line is extremely low at 17 considering the Cougars still have major question marks on defense.

It is true Oklahoma State will not be one of the top teams in the Big 12 this season but the Cowboys will still put points on the scoreboard. Defensively, they will struggle with just four returning starters. Still, we are talking Washington State -- not Troy, Tulsa and Texas A&M, the next three opponents that come to Stillwater.

Take Oklahoma State minus the points.

Michigan State and Western Michigan hooked up last Nov. 7 and the Spartans rolled to a 49-14 victory. They also outgained the Broncos by close to 400 yards. Not much has changed since as Michigan State returns the bulk of its skill position players and four of its top five tacklers. On the other side, Western Michigan is without its all-time career passing leader in Tim Hiller and its third all-time leading rusher in Brandon West. The defense loses its top two tacklers along with both starting cornerbacks.

Take Michigan State minus the points.

TWO-STAR PICKS

Three underdogs top the Two-Star choices in week one. Go with Purdue (at Notre Dame), Cincinnati (at Fresno State), and Maryland (versus Navy).

ONE-STAR SELECTIONS

Take Toledo (against Arizona) on Friday night and follow that up with Washington plus the points (at BYU), and Boise State on Monday night (against Virginia Tech).

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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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