07/02/2009 - Los Angeles, CA (Sportsbook Betting Lines) - Free agent forward Ron Artest is reportedly leaving the Houston Rockets to join the Los Angeles Lakers and will provide the team with more offensive firepower next season, as he'll join Kobe Bryant and Pau Gasol on the defending NBA champions.
Artest told CBSsports.com via text message he was in Los Angeles to join the Lakers and didn't "care about the money" and that he would "play there for nothing."
According to the Los Angeles Times, the Lakers could finalize a deal with the 29-year-old that will pay him the full mid-level exception, possibly $32 million over five seasons. It would represent a pay cut after Artest made $7.4 million last season.
Even if the two sides were to reach an agreement soon, no deal could be officially announced until July 8, per league rules.
The Thursday news regarding Artest came on the same day another superstar had an introductory press conference. Ex-Laker Shaquille O'Neal met the media in Cleveland and said he wanted to "win a ring for The King" in reference to his new pairing with reigning MVP LeBron James.
Artest spent last season with the Rockets, helping Houston get to the conference semifinals for the first time since 1996-97. After spending three seasons in Sacramento, Artest averaged 17.1 points, 5.2 rebounds and 3.3 assists in 69 regular season contests with Houston.
For his career, spanning 12 seasons, Artest has game averages of 16.1 points, 5.1 rebounds and 3.2 assists with Chicago, Indiana, Sacramento and Houston. He has also established himself as one of the top-flight defenders in the league.
In another twist, the man Artest would replace in the lineup -- Trevor Ariza -- reportedly was offered a contract by the Rockets. The LA Times reported that Ariza, who was instrumental in the Lakers' playoff run to the title, was offered a contract near the value of the mid-level exception.
Ariza averaged 11.3 points per game in the postseason after posting 8.9 points per game in the regular season. His career scoring average is 6.9 points.
<< Holy Cross tabs Kearney to replace Willard
Worcester, MA (Sportsbook Betting Lines) - Holy Cross named Sean Kearney its new head
men's basketball coach on Thursday.
Kearney, who becomes the 15th head coach in the history of the program,
replaces Ralph Willard who resigned last mo
<< Astros swarm Padres; bees delay game
San Diego, CA (Sportsbook Betting Lines) - Wandy Rodriguez threw seven strong innings to
help the Houston Astros take a 7-2 win over the San Diego Padres in an unusual
finale of a four-game set.
Rodriguez (7-6) gave up just one run on seven hits w
<< CFL's Bruce fined for Michael Jackson celebration
Mississauga, ON (Sportsbook Betting Lines) - Toronto Argonauts All-Star wide receiver
Arland Bruce III was fined an undisclosed amount for a celebration tribute to
Michael Jackson in the team's victory over Hamilton on Wednesday.
After scoring a
<< Pressel among Jamie Farr leaders
Sylvania, OH (Sportsbook Betting Lines) - Morgan Pressel, Laura Diaz and Song-Hee Kim
each fired rounds of seven-under 64 on Thursday to share the opening-round
lead of the Jamie Farr Owens Corning Classic.
Suzann Pettersen and Michelle Wie ar
Wellemeyer pitches Cardinals over Giants >>
St. Louis, MO (Sportsbook Betting Lines) - Todd Wellemeyer threw 7 1/3 innings to help
the St. Louis Cardinals take a 5-2 win over the San Francisco Giants and split
a four-game series.
Wellemeyer (7-7) scattered seven hits and two runs with a
Diaz helps Braves slip past slumping Phils >>
Atlanta, GA (Sportsbook Betting Lines) - Matt Diaz belted a go-ahead RBI double in a
three-run eighth, as the Atlanta Braves recorded their first home sweep of the
Phillies since 2005 with a 5-2 victory at Turner Field.
Garret Anderson added a t
Mayfield a no-show at Daytona >>
Daytona Beach, FL (Sportsbook Betting Lines) - Sprint Cup Series driver and team owner
Jeremy Mayfield was not present at Daytona International Speedway on Thursday,
one day after a federal judge granted him a temporary injunction to race
again,
Stockton and Gates lead Edmonton Open >>
Edmonton, AB (Sportsbook Betting Lines) - Brady Stockton and Robert Gates both fired
rounds of seven-under 65 on Thursday to share the first-round lead of the
Edmonton Open.
Liam Kendregan and Jon Turcott both shot 66s in round one and ar
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. “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).
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.
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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MySportsbook.com Releases World Series Championship Lines
New York Yankees and Chicago White Sox early favorites to win 2008 World Series
The Major League Baseball season starts this weekend and MySportsbook.com, a leading online sportsbook for over 8 years, is the first to offer baseball sports betting lines on who will win the 2007 World Series.
"The World Series is the biggest baseball event in the sports betting world and MySportsbook.com is excited that we are first to market with betting lines on every team," says Tim Dalton, Marketing Director, MySportsbook.com. "We are getting things ready for a great baseball season and our members are looking forward to our Player Payback Bonuses, as well as Dime Lines, all season long."
Going in to this weekend, MySportsbook.com's favorites to win the World Series are the New York Yankees at 7-2 and last year’s winners the Chicago White Sox at 9-2.
"These betting lines are ripe for the picking," Dalton added, "baseball fans know that the season is long and many factors, including players staying healthy, will affect these Future odds as the baseball season progresses. Betting on your favorite team in the beginning of the season could prove quite lucrative. We are seeing examples of this right now in the NCAA College Basketball Tournament with a lucky few that placed pre-season bets on George Mason to win it all. Anything can happen."
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About www.MySportsbook.com
MySportsbook.com is the foremost online sportsbook offering Internet wagering to its worldwide customers. Fully licensed and regulated in St. John’s, Antigua since 1997, MySportsbook.com offers a complete range of online casino games, sports betting lines, poker tournaments and horse racing offtrack betting daily through its portfolio of companies and managed services. With over 7 years of experience, MySportsbook.com has become one of the most respected companies in the gaming industry by providing unparalleled 24/7 customer support and timely payouts. MySportsbook.com is part of the SportingBet PLC group of companies that is publicly-traded on the London Stock Exchange ( LSE ) under the symbol SBT.L. MySportsbook.com provides a secure environment for sports and casino wagering and has been featured in numerous media outlets, including MAXIM Magazine, Cigar Aficionado, and CNN’s Paula Zahn Now among others.
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