Gordon edges Biffle for pole at MIS

Autoracing Betting Lines

08/17/2007 - Brooklyn, MI (Sportsbook Betting Lines) - Going out last, Jeff Gordon captured the pole for Sunday's 3M Performance 400 at the Michigan International Speedway. The No.24 Hendrick Motorsports driver circled the high-speed, two-mile oval in 38.090 seconds (189.026 m.p.h.).

The pole victory was Gordon's series-leading sixth of the season, fifth at MIS and 62nd of his Nextel Cup career.

"Welcome back Steve Letarte," said Gordon of his crew chief, who returns from a six-race suspension. "We have good chemistry and that late draw really played out for us. I knew it was a good lap, I didn't know if it was enough for the pole,"

Starting on the front row with Gordon will be Greg Biffle, who held the top spot for about 60 seconds. Biffle went out next-to-last and posted a time of 38.159 seconds.

Kasey Kahne (38.193), who held the provisional pole for most of the session will start third and Bobby Labonte (38.271) will start from fourth place.

Other drivers of note and their starting positions: Jimmie Johnson (seventh), Denny Hamlin (eighth), Clint Bowyer (ninth), Carl Edwards (13th), Jeff Burton (19th) and Tony Stewart (35th).

Just four races remain until the cutoff for the "Chase for the Nextel Cup." Following an eventful Sunday in upstate New York, the picture is becoming clearer as to who is a contender and who is just a pretender.

The race for the final position in the "Chase" appears to be coming down to Kurt Busch, his Penske teammate Ryan Newman, Dale Earnhardt Jr. and Biffle.

One thing is for sure, Busch, starting 15th, is a championship contender. The No.2 Miller Lite Penske Racing Dodge driver has been on fire since the Pepsi 400 in early July. In his last five starts, Busch has one win (Pocono), three top-10s and finished no lower than 11th.

Newman, starting 34th on Sunday, has been just outside the "Chase" all season and unfortunately appears on a course to stay there. Just two top-10s in the last five races and a accident that left him 42nd at Indianapolis has left him with only a slim chance at making NASCAR's "playoffs."

Earnhardt Jr. (starting 39th) is 100 points out of the playoffs and has finished 34th or worse in three of the last five events. Not exactly the way to make a move up the charts. At Watkins Glen, Earnhardt Jr. finished 42nd after an engine failure, his team's second in the last three events.

Biffle is 15th in the standings, but 212 points out of the "Chase." It's a tall order for Biffle to jump over three drivers and that many points. The team has been solid of late, but not extraordinary, which is what will be needed over the next month if the No.16 Roush Fenway Ford team is to make the leap into the "Chase."

Follow the race and the "race-within-the-race" when the green flag drops on Sunday at 2 p.m. (et).

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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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