Bulls name Thibodeau head coach

Basketball Betting Lines

06/23/2010 - Chicago, IL (Sportsbook Betting Lines) - The Chicago Bulls have named Celtics assistant Tom Thibodeau their new head coach, finalizing a move reported earlier this month.

Terms of the contract were not disclosed, but on June 5, the Chicago Tribune reported Thibodeau accepted the Bulls' offer of a three-year contract, with the move becoming official following the NBA Finals. Boston lost Game 7 of the Finals to the Los Angeles Lakers last Thursday.

"I am very excited to be here and to join the Bulls organization. Chicago is a great city with great fans and a storied history," said Thibodeau. "I would like to thank [owner] Jerry Reinsdorf and [general manager] Gar Forman for presenting me with such a terrific opportunity. We have a talented team with a good nucleus of players, and I am eager to get started."

This will be Thibodeau's first shot at a head coaching job after serving as an assistant for seven teams over 18 seasons. A defensive specialist, his teams have finished in the top 10 in team defense 16 times, including this year's Celtics, who were fifth in points allowed per game.

"As I went through the process to search for the next head coach of the Chicago Bulls, the longer the process went it became apparent that Tom was a perfect fit for the Bulls," said Forman. "He is a great communicator and teacher of the game, and he fits our organizational philosophy from a defensive standpoint. With his experience and knowledge of the NBA, I am confident he will be a great leader for our team."

Thibodeau, 52, began his NBA career as an assistant with the expansion Minnesota Timberwolves in 1989 and joined the Seattle SuperSonics in 1991-92 as a scout. He then worked for the San Antonio Spurs, Philadelphia 76ers, New York Knicks and Houston Rockets before joining Boston prior to the 2007-08 season.

Thibodeau will take over for Vinny Del Negro, who was fired on May 4 following two seasons in Chicago.

Ccasion Basketball Betting News

<< Lack of patience puts three-year-old to stud
Philadelphia, PA (Sportsbook Betting Lines) - In another example of being too cautious and showing no interest in the racing fan, Arkansas Derby winner Line of David was retired from racing earlier this week. The colt had only minor physical probl

<< England advances on Defoe's goal
Port Elizabeth, South Africa (Sportsbook Betting Lines) - A first-half goal from Jermain Defoe was enough to give England a 1-0 win over Slovenia at Nelson Mandela Bay Stadium on Wednesday in the final match of Group C play for both teams, allowin

<< Donovan's stoppage-time goal puts USA through
Pretoria, South Africa (Sportsbook Betting Lines) - The United States completed its FIFA World Cup group stage with a 1-0 win over Algeria on Wednesday at Loftus Versfeld Stadium thanks to a 91st minute winner from U.S. attacker Landon Donovan

<< Angels hope to add to Dodgers' woes
(Sportsbook Betting Lines) - In addition to calling the same metropolitan area home, both the Los Angeles Angels of Anaheim and Los Angeles Dodgers hold the title of defending division champions. Only one of these teams has been playing like a contender

<< Hudson, Buehrle square off in Windy City
(Sportsbook Betting Lines) - A matchup with one of the National League's top teams has yet to slow down the surging Chicago White Sox, who'll put a seven-game winning streak on the line when they resume a three-game series with the NL East-leading Atlant

Riders great Ron Atchison passes away >>
Regina, SK (Sportsbook Betting Lines) - The Saskatchewan Roughriders announced Wednesday the passing of Ron Atchison. He was 80. Atchison joined the Roughriders in 1952 and played in 237 regular season games with the franchise until retiring in 1968

Italy still has work to do against Slovakia >>
Johannesburg, South Africa (Sportsbook Betting Lines) - All four teams are still alive as Group F enters its final day of play on Thursday, but Italy has plenty of work to do in order to reach the knockout round, which was unthinkable at the start o

Surprising Kiwis hope to seize chance vs. Paraguay >>
Polokwane, South Africa (Sportsbook Betting Lines) - Group F was widely considered to be the weakest group at this summer's FIFA World Cup, and while the action on the field has not always been scintillating, it has been unpredictable. Italy was wid

Lawrence Taylor indicted on rape charges >>
White Plains, NY (Sportsbook Betting Lines) - Hall of Fame linebacker Lawrence Taylor was reportedly indicted on six charges, including rape, on Wednesday. According to The Journal News, a Rockland County, New York grand jury indicted Taylor on fel

Denmark, Japan clash with knockout spot on the line >>
Rustenburg, South Africa (Sportsbook Betting Lines) - Many times the build up to the final match of the group stage is filled with various scenarios that would determine what a given team would need to do in order to advance to the next round.

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.

MySportsbook.com refunds all bets on Oakland, Green Bay and Tampa Bay from NFL week one.

(September 14) – Week one of NFL action saw three teams go scoreless for the first time since 1977.  Another four were unable to get a touchdown and almost half of the underdogs covered the spread. Those three teams saved bettors at MySportsbook.com from losing out completely, thanks to the company’s unique NFL Shutout Rule -- which ensures that if the team you backed goes scoreless, your wager is refunded.

Sportsbook refunded tens of thousands of dollars to customers who bet on Oakland, Green Bay and Tampa Bay, the three teams that stunk up the field so badly that their fans and backers never had a chance to get up from their couches and cheer.  In the spirit of the low scoring start to the season, odds makers at the world’s largest online sportsbook and casino have set odds on how many total shutouts there will be this season. 

MySportsbook.com has posted updated sports betting lines for week two of the season.  Ben Roethlisberger’s health status is still questionable, so Willie Parker will try to lead Pittsburgh again as they travel to Jacksonville as a one point favorite.  After beating up on his little brother last week, Peyton Manning will look to lead the Colts to victory against Houston. Indianapolis is a whopping 13.5 favorite in the match-up.

Seattle, last year’s highest scoring team, showed the power of their defense with their gritty 9-6 win in Motown over the ravenous Lions.  They take their act back home to the comforts of Qwest Field where they will face the resurgent Arizona Cardinals.  The Seahawks are favored by a touchdown. 

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts Visa needs.