Belmont Stakes prospect preps in turf race

Horseracing Betting Lines

05/20/2010 - Elmont, NY (Sportsbook Betting Lines) - New Madrid, a Belmont Stakes candidate, faded down the stretch Thursday at Belmont Park in his first race in more than a month. The three-year-old colt was using the optional claiming event as a prep for the final leg in the Triple Crown.

Trained by Tim Ice, New Madrid and jockey John Velazquez took the lead coming out of the gate in the 1 1/8-mile turf contest. The colt ws making his first start since finishing sixth to Line of David in the Arkansas Derby. This was just his fifth career start.

New Madrid, owned by Shortleaf Stable, set the pace up the backstretch with Syo Defenceman to the inside in second. Spanish Art, the 2-1 favorite, was racing off the pace in sixth while 3-1 second choice Elusive Beat was running last.

Around the turn for home Kindergarden Kid made a sweeping move and took the lead heading into the stretch. New Madrid, 6-1 on the tote board, and Syo Defenceman both faded down the stretch.

Kindergarden Kid, ridden by Cornelio Velasquez, held off a late running Cherokee Speed to win the grass race by three-quarters of a length. Spanish Art finished third followed by Elusive Beat, New Madrid, Wild Entry and Syo Defenceman.

Sent off at 7-1, Kindergarden Kid covered the 1 1/8-miles in 1:49.74 on a firm turf course.

In other Belmont Stakes news, Stay Put had his final Churchill Downs work in preparation for the 1 1/2-mile Test of Champions on Saturday, June 5. The chestnut colt worked six furlongs in 1:14 with jockey Jamie Theriot. The three-year-old is owned by Bertram, Richard and Elaine Klein, and trained by Steve Margolis.

"It was very good. Jamie said he finished well and I got him galloping out in 1:28 and a mile in 1:42," Margolis said. "He will ship to Belmont next Thursday, train Friday and then work a half-mile Saturday or Sunday. We always thought he had talent. Jamie says he never seems to get tired and his Derby Day race was impressive in the way he did it."

Stay Put won an allowance race at Churchill Downs that began the May 1 program. The colt was fifth in both the Risen Star and Louisiana Derby at the Fair Grounds.

Preakness runner-up First Dude, trained by Dale Romans, is scheduled to leave Louisville on Friday for a possible start in the Belmont Stakes. Owned by Donald Dizney, First Dude was 23-1 in the Preakness after finishing fifth in the Florida Derby to Ice Box and third to Stately Victor in the Blue Grass Stakes.

A pair of Belmont Stakes probables have been withdrawn from consideration. Dublin and Setsuko will not be entered in the race.

Trained by D. Wayne Lukas, Dublin was seventh in the Kentucky Derby and fifth in the Preakness. His defection means that no horse will have started in all three Triple Crown races this year.

Setsuko, Santa Anita Derby runner-up, has inflammation in his ankles and will remain in California. Trained by Richard Mandella, the colt was second in the Sham Stakes in March, but did not have enough graded stakes earnings to enter the Kentucky Derby. On April 30 he was fourth in the American Turf Stakes at Churchill Downs.

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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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