Daly off to flying start at British Open

Golf Betting Lines

07/15/2010 - St. Andrews, Scotland (Sportsbook Betting Lines) - John Daly has played golf all over the world the last few years in search of his form that helped him earn five PGA Tour victories.

Daly came from out of nowhere to win the 1991 PGA Championship and that helped kick start his career. In 1995, he needed extra holes to claim his second major championship title at the British Open.

At St.Andrews in 1995, Costantino Rocca made a miraculous birdie from the Valley of Sin on the 72nd hole to force a playoff with Daly.

Daly birdied the second playoff hole, while Rocca three-putted for bogey. The Italian tried to force a shot close to the hole on 17 and found the Road Hole bunker. Three shots later, Rocca finally was out of the sand, but also out of the championship.

Daly won the playoff by four strokes. It was his second major championship title, but last victory until the 2004 Buick Invitational.

The 44-year-old has made the cut in eight of his 14 worldwide starts this year, yet hasn't finished inside the top-20 all season.

He made one start on the Nationwide Tour, in his home state, and posted his best finish of the year there when he tied for 22nd.

Daly flew out of the gate Thursday at St. Andrews with birdies on one and two. After a birdie on the sixth, he poured in four straight birdie chances from the eighth to jump to seven-under.

He settled in with five pars in a row from the 12th. At the Road Hole, No. 17, Daly hit a huge drive down the fairway off the tee, but missed the green to the right. He pitched to eight feet, but missed on the left edge.

And that was the story of Daly's back nine. He had 12 feet for birdie on 15, but missed. At the 16th, his 10-footer slid by the right edge.

His bogey on 17 dropped him to minus-six and into a share of the lead at the time. Daly's drive at the last was close enough to the green that he was able to putt his second.

That putt got within 10 feet of the hole, but Daly again was unable to covert as his birdie effort at the last lipped out to give him his fourth 66 of the season.

The last time Daly shot 66 at the Open Championship was in 1993, in the second round at Royal St. George's. It also matched his career-low in a major.

Daly also posted a 66 at the 1997 PGA Championship.

With near-perfect scoring conditions early in Thursday's first round, Daly exited the course in second place and on pace for his best finish in a major since sharing 15th at St. Andrews in 2005.

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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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