Baffert takes both Southwest Stakes divisions
Horseracing Betting Lines
02/20/2012 - Hot Springs, AR (Sportsbook Betting Lines) - Trainer Bob Baffert sent two horses to Oaklawn Park for the Presidents' Day running of the Southwest Stakes hoping to come away with one victory. However, the race drew 21 entries splitting it into two divisions, each worth $250,000.
Baffert came away from Monday's Southwest Stakes with two victories as Castaway and Secret Circle each won a division of the mile event. Also claiming two wins was jockey Rafael Bejarano.
The first division had a field of 11 three-year-olds. Castaway broke well and joined Majestic Stride on the lead. Bejarano had his mount to the outside of the leader right on Majestic Stride's shoulder.
Castaway took over the lead coming out of the final turn and began to draw clear at the top of the stretch. The 6-1 fourth pick opened his lead down the stretch and posted a 3 3/4-length victory over the late running Jake Mo.
Finishing third was Reckless Jerry, who was second in the track's Smarty Jones Stakes last month. Completing the order of finish were Ring It Up, Majestic Stride, Longview Drive, Junebugred, No Spin, Unbridled's Note, Laurie's Rocket and Red Jack.
Castaway completed the mile in 1:38.09 on a fast track.
Owned by Mrs. John Magnier, Michael Tabor and Derrick Smith, Castaway won for the just the second time and notched his first stakes win. The victory was worth $150,000 to bring the colt's total earnings to $209,930. The son of 2007 Kentucky Derby champ Street Sense broke his maiden four weeks ago after failing five times.
Castaway returned $15.40, $9.40 and $7.20. Jake Mo paid $19.00 and $7.40, and Reckless Jerry paid $4.20 to show.
Breeders' Cup Juvenile Sprint winner Secret Circle was sent off as the 3-5 favorite in the 10-horse second division. The colt and Bejarano were first out of the gate, but allowed Scatman and jockey Luis Quinonez to set the pace.
Scatman continued to set the pace with the favorite to his outside. Secret Circle drew along side on the final turn and had short lead entering the stretch. Scatman regained the lead at the top of the stretch and looked ready to pull off an upset.
Owned by Karl Watson, Paul Weitmann and Mike Pegram, Secret Circle was able to rally in the final yards and defeat Scatman by a half-length. Adirondack King was third followed by Pee H Dee, Cyber Secret, Z Rockstar, Chalybeate Springs, King Coral, Apprehender and Big Wednesday.
Secret Circle covered the mile in 1:37.08.
The colt also added $150,000 to his bankroll, which now stands at $518,990. Secret Circle began the year with a second to Out of Bounds in last month's Sham Stakes at Santa Anita as the 1-2 favorite.
After winning in his first career start, he won the John Goodman Stakes at Santa Anita and then captured the Juvenile Sprint at Churchill Downs as the 2-5 favorite.
Secret Circle paid $3.20, $3.20 and $2.40. Scatman returned $6.40 and $4.60, and Adirondack King paid $3.60 to show.
Next on the Oaklawn schedule for Kentucky Derby hopefuls is the $500,000 Rebel on March 17 and the $1 million Arkansas Derby on April 14. Archarcharch won last year's Southwest and Arkansas Derby.
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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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