Kovalchuk heading back to New Jersey

Hockey Betting Lines

07/19/2010 - Newark, NJ (Sportsbook Betting Lines) - Ilya Kovalchuk is heading back to New Jersey and will re-sign with the Devils.

According to the team's website, the Devils will hold a Tuesday afternoon press conference at the Prudential Center to make it official.

The Devils and the Los Angeles Kings were Kovalchuk's two main pursuers since the free agent signing period began July 1. Terms of the deal for the left wing have been reported as about $60 million over seven years.

Kovalchuk played 27 games last season for the Devils after being acquired from Atlanta in a February 4 trade. He turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.

Selected with the first overall pick of the 2001 draft, Kovalchuk twice reached 52 goals with Atlanta and last season combined to score 41 goals in 76 games. He compiled 10 goals and 17 assists in 27 games for New Jersey, then added two goals and four assists in five playoff games as the Devils were beaten by Philadelphia in the first round.

The 27-year-old Russian native has 338 goals and 304 assists for 642 points in 621 regular-season games. He is Atlanta's all-time leader in virtually every offensive category.

It's been a busy offseason for the Devils, as the club named John MacLean its new head coach and signed defensemen Henrik Tallinder and Anton Volchenkov. New Jersey also re-acquired center Jason Arnott, who scored a double-overtime goal in the clinching Game 6 of the 2000 Stanley Cup Finals against Dallas, in a trade with Nashville.

Wwzdnet Hockey Betting News

<< AP Source: Rich Cho named new Blazers GM
PORTLAND, Ore. (AP) -A person with knowledge of the hiring process says the Trail Blazers have named Oklahoma City assistant GM Rich Cho as Portland's new general manager.The person spoke to The Associated Press on Monday on condition of anonymity b

<< Mainz seals Fuchs loan deal
Mainz, Germany (Sportsbook Betting Lines) - Mainz have completed the one-year loan signing of Christian Fuchs from Bochum. The Austrian midfielder has the option of making the deal permanent next year following Bochum's relegation from the Bun

<< Barbosa key to Raptors' team concept
Toronto, Canada (Sportsbook Betting Lines) - The Toronto Raptors are moving in a new direction, the focus no longer on the talents of Chris Bosh, but on a collective approach to playing the game. Bosh recently joined LeBron James and Dwyane Wade in

<< Valero returns to Spain with Villarreal
Villarreal, Spain (Sportsbook Betting Lines) - West Bromwich Albion have cut their losses on Borja Valero after allowing the midfielder to return to Spain with Villarreal. Valero, 25, joined the Baggies from Mallorca for a club record $7 mill

<< Four finalists return to Buck Buchanan Award Watch List
Philadelphia, PA (Sportsbook Betting Lines) - The race for the 2010 Buck Buchanan Award, sponsored by Fathead.com, kicked off Monday with The Sportsbook Betting Lines's announcement that four finalists from last season are part of a stellar 20- player Watch List f

Liverpool wins race to sign Joe Cole >>
Liverpool, England (Sportsbook Betting Lines) - Former Chelsea midfielder Joe Cole has agreed to sign a four-year contract with Liverpool, the club announced on Monday. The 28-year-old Cole left the Blues last month after he was not offered a

Padres extend manager Black's contract >>
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres announced Monday that they have extended manager Bud Black's contract through the 2013 season with club options for the 2014 and 2015 campaigns. "I am really happy to announce that

Celtics re-sign Nate Robinson >>
Boston, MA (Sportsbook Betting Lines) - The Boston Celtics have re-signed guard Nate Robinson. Terms of the deal were not released, but the Boston Herald reported last week that the diminutive guard agreed to a two-year, $8 million pact. Bosto

Wrong year for Life At Ten to be so good >>
Philadelphia, PA (Sportsbook Betting Lines) - When the two leading thoroughbreds in training are also the top female racehorses in the country, it becomes difficult for any other filly or mare to get recognized. This is the situation that confronts fi

Hurricanes sign C Nash >>
Raleigh, NC (Sportsbook Betting Lines) - The Carolina Hurricanes have signed center Riley Nash to a three-year, entry-level contract. The deal will pay Nash $550,000 in 2010-11, $600,000 in 2011-12 and $700,000 in 2012-13 at the NHL level. H

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.