A legend is laid to rest
NCAA Football Betting Lines
01/27/2012 - Philadelphia, PA (Sportsbook Betting Lines) - Few college coaches embody an entire university and everything that the program, school and community as a whole stands for. Like Paul "Bear" Bryant in Tuscaloosa and Knute Rockne in South Bend, Happy Valley's rich history was carved out by the larger than life persona of Joe Paterno.
The Hall of Fame coach passed away last Sunday due to complications from lung cancer and although his abrupt dismissal from his post in November due to a child-sex scandal that rocked the foundations of the once teflon-coated school, we should never lose sight of one man's quest to do things the right way.
Paterno was born December 21, 1926, in Brooklyn, New York. He went on to play football at Brown University (1946-49) and landed at Penn State in 1950 under then head coach Rip Engle, Fifteen years later, Paterno took over for the retired Engle and remained at that post up until this past November.
Paterno amassed an FBS-record 409 victories in his 46 years at the helm, was named the National Coach of the Year five times, winning two national titles (1982, 86) and was inducted into the College Football Hall of Fame in 2006.
The man with the coke-bottle glasses, rolled up pant legs and classic wind- breaker, manned the sidelines in Happy Valley for nearly half a century, coaching five undefeated teams and two national championshps.
There were certainly times over the years that it seemed like the game had passed JoePa by, but he stayed the course and continued to build a program that achieved both on and off the field. He mentored thousands of young men that have gone on to live richly fulfilling lives. He stayed loyal to his university and although he certainly made his fair share of money, he funneled a good portion of it back into the school.
"His loss leaves a void in our lives that will never be filled," his family said in a statement.
"He died as he lived. He fought hard until the end, stayed positive, thought only of others and constantly reminded everyone of how blessed his life had been. His ambitions were far reaching, but he never believed he had to leave this Happy Valley to achieve them. He was a man devoted to his family, his university, his players and his community."
A well crafted statement that tells Paterno's tale far better than the events of the last few months.
The final chapter in the man's life should not be taken out of context and erase a lifetime of achievements.
Paterno's loyalty, although one of his greatest assets, was also a huge reason for his downfall.
It was in November that former PSU defensive coordinator Jerry Sandusky was arrested for a child-sex abuse scandal that tore apart a university that was up to that point, scandal-free.
Regret is something Paterno admitted in a Washington Post interview published a few days before his death.
"In hindsight," Paterno told the Post reporter, "I wish I had done more."
In the interview, Paterno said he was "afraid" to jeopardize university procedure after he was told by assistant coach Mike McQueary what McQueary had seen in a university locker room.
McQueary left out graphic details of the event according to Paterno, who then passed the information he had on to his superiors at the school.
"So I backed away and turned it over to some other people, people I thought would have a little more expertise than I did," Paterno said. "It didn't work out that way."
Certainly in looking back at the events that unfolded, it was naive on his part to "pass the buck" and hope for the best. However, naivety does in no way make him complicit in Sandusky's alleged crimes.
Being able to separate all the good from the obvious bad of late will be for each individual to decide and obviously there will be plenty of people at opposite ends of the spectrum when Paterno's name comes up in conversation.
For me, the indelible mark Paterno leaves on Penn State University, college football and academia as a whole, far outshines the Sandusky scandal that ultimately brought his extraordinary career to an abrupt end.
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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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