The Preakness - Horse Racing's Middle Child

Horseracing Betting Lines

05/11/2010 - Philadelphia, PA (Sportsbook Betting Lines) - Most casual horse racing fans hold the Kentucky Derby in high regard. They also get revved up for the Belmont Stakes if a horse is in line for a possible Triple Crown. On the other hand, the Preakness Stakes usually gets lost in the shuffle.

Passionate fans of the sport, especially chalk players, love the Preakness as it usually is the most formful of the three races. In fact, the favorite has won seven of the last nine runnings, including Rachel Alexandra's historic victory over the boys last May.

Nevertheless, the race isn't run just for the betting choice's benefit. Longshots have fared very well this decade when it comes to rounding out the exacta.

Two years ago, 39-1 Macho Again finished second behind Big Brown, and in 2005, Scrappy T, the co-seventh choice, filled out a $152.60 exacta in back of the favored Afleet Alex.

When Funny Cide rolled to a 9 3/4-length score in 2003, Midway Road, the next- to-last longshot, held off third choice Scrimshaw by three-quarters of a length to complete a $120.60 exacta, and one year earlier, the locally-trained three-year-old Magic Weisner rallied for second behind War Emblem. The 45-1 shot combined with the winning favorite for a $327.00 payout.

If you like a longshot in this year's field, don't be fearful of betting him underneath the top two favorites.

Speaking of the Run for the Roses, after three straight years (2002-2004) of Derby winners capturing the second leg of the Triple Crown, only one has crossed the wire first at Pimlico since and that was the heavy 1-5 favorite, Big Brown.

Everyone remembers the tragedy that befell Barbaro in the 2006 running, and the following year, Street Sense failed to hold off the late charge by Curlin.

Not many folks expected Mine That Bird or Giacomo, the two 50-1 Derby winners, to come right back two weeks later and be draped with the Black-Eyed Susans, especially at 6-1 odds, but they both hit the board with the former running a game second to Rachel Alexandra and the latter finishing third behind Afleet Alex and Scrappy T.

Horses coming out of the Derby have won the Preakness 23 of the last 26 years, so on the surface, the odds look pretty sweet that Saturday's winner will be one of the five colts that raced at Churchill Downs on May 1. However, non- Derby horses have taken two of the last four as Bernardini and Rachel Alexandra crashed the party in 2006 and 2009, respectively.

My advice is to bet the horse with the best chance of winning, regardless of where he made his last start.

PREAKNESS TOSS-OUTS

Jackson Bend has finished first or second in nine of 10 career starts. However, his lone poor effort came on the biggest stage in the Kentucky Derby. The Nick Zito-trained colt had a decent trip in the Run for the Roses, but faltered late finishing 19-lengths behind Super Saver.

The son of Hear No Evil was bred to be a miler and it showed two weeks ago when he ran his final quarter-mile in 30 seconds flat. Harness horses come home faster than that!

Look for Jackson Bend to sit much closer to the pace on Saturday, but it's extremely doubtful he'll keep up with the other front runners through the stretch.

Due to his nose loss to Ice Box in the Florida Derby, Pleasant Prince lacked the graded earnings necessary to enter the Kentucky Derby. Nonetheless, his owner, Kenneth Ramsey, tried every which way possible to get the colt into the Churchill Downs starting gate, racing him twice in the month of April. Unfortunately, the plan backfired since Pleasant Prince lost by over nine lengths in both starts.

Most owners and trainers that skip the Derby and aim towards the Preakness do so to have a fresh horse on the third Saturday in May. However, Pleasant Prince does not fall into that category as this will be his third start in the last five weeks.

D. Wayne Lukas has won the Preakness five times, but the last came over a decade ago. He'll have a pair of colts in the 2010 running, one year after his Flying Private ran fourth at 25-1.

Northern Giant comes into the race off a last place finish in the Arkansas Derby. His two best races came in his two prior starts - the Risen Star (third) and Lane's End (second), but the winners of those two races - Discreetly Mine and Dean's Kitten - finished 13th and 14th in the Kentucky Derby.

Northern Giant has no business being in the starting gate.

Dublin, his other Preakness starter, ran very well underneath the Twin Spires finishing seventh, beaten 7 1/2-lengths. Breaking from post 17, the son of Afleet Alex was well back early on before making a powerful run around the far turn closing to within two lengths of the lead.

However, he ran like a very tired horse through the stretch, bearing in and out before faltering late. In addition, his bold middle move was obviously helped by the fast pace set by both Conveyance and Sidney's Candy.

Dublin will put forth another decent effort but the 1 3/16-mile distance will prove too much for him to handle.

First Dude is another horse that will have trouble getting the 9.5-furlongs. In his two graded stakes attempts at 1 1/8-miles, he dropped back a combined 7 1/2 lengths in the final two furlongs.

The son of Stephen Got Even did have to steady at the top of the stretch in the Florida Derby, but he still finished more than six lengths behind Ice Box and Pleasant Prince. In the Blue Grass, he ran close to the pace early on, only to finish third, beaten over five lengths by Stately Victor.

The only chance First Dude has of finishing in the money is if he changes his running style from stalker to closer, but based on his last workout it's doubtful there'll be any transformation. The bay colt fired off a 1:00 3/5 bullet work at Churchill Downs, hitting the three-furlong marker in a brisk 35 1/5.

Like his former boss D. Wayne Lukas, Kentucky Derby-winning trainer Todd Pletcher will have two colts on the track this Saturday.

Dogwood Stable's Aikenite joins Super Saver in Pletcher's quest to win his first ever Preakness Stakes, a race he's 0-4, including a last place finish in 2009 with Take the Points.

Aikenite, who has not won since breaking his maiden last August, has two in- the-money finishes this year along with a pair of clunkers. The colt does his best running from off-the-pace as witnessed by his exceptional efforts in last year's Hopeful Stakes and Breeders' Futurity, along with a second-place finish in the recently run Derby Trial. However, like many colts in the field, the final furlong will be his undoing.

Stay tuned later in the week for more analysis and predictions.

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Elite 8 NCAA Tournament Betting at online sportsbook MySportsbook.com

In what should be an outstanding Saturday of March Madness betting action, the top four teams in the South and West Regions square off in what should be extremely close match-ups. Three of the four teams are coming off extremely close games on Thursday evening, only UCLA won semi comfortably over Pitt 64-55.

Ohio State is coming off their second game in a row where in all reality they should have lost. Of course that doesn’t matter now since the name of the game is “survive and advance” but as the tournament continues, they can’t afford to keep getting down to their opponents early. Kansas also avoided a scare by holding off a scrappy Southern Illinois squad. In the third thrilling game of the evening Memphis pulled off the minor upset (+3.5) despite being the higher seed to Texas A&M.

Although the spreads are fairly small for Saturday’s games, MySportsbook.com continue to bet against the underdogs. Despite OSU’s two scares, 86% of the “betting public” feels the Buckeyes (-1.5) have what it takes to make the Final Four. In fact, so much of the early money is on OSU that the line has already moved from -1 to -1.5. In the second game of the doubleheader, Kansas and their high-powered offense are 2 point favorites as they take on UCLA and their effective defense. About 63% of the early money thus far is once again backing the favorites. If those percentages stay that high, don’t be surprised if this line moves as well. If you like Kansas (-2) you might want to jump on it early.

Memphis vs. Ohio State

Both squads were involved in thrillers on Thursday evening and should come out fired up. OSU can ill afford to get behind early like they did versus their previous two opponents (Xavier, Tennessee). Greg Oden needs to stay out of foul trouble; the Buckeyes are a completely different team when he is on the court. Memphis definitely has the athleticism and length to match-up with OSU. Of Memphis’ five leading minute earners, the shortest of the bunch is 6’5”. Each team has a very effective defense; Memphis surrenders 62.3 PPG whereas the Buckeyes give up only 61 PPG. With those type of numbers, it isn’t surprising that Memphis covered the UNDER almost 69% of the time this season. As a favorite, OSU has covered the UNDER almost 66% of the time over the last three seasons. The major concern for Memphis which is magnifies this time of the year is their brutal foul shooting (62%). This season, OSU is 17-11 ATS versus teams with a winning record and 7-2 ATS in all tournament games. Memphis has been an extremely reliable cover in tournament play in recent years with a 23-8 ATS record over the last three seasons.

UCLA vs. Kansas

In the second game of Saturday’s doubleheader, UCLA will play in a role which they are very unfamiliar with that of the underdog. Only twice this season have they been getting points from the handicappers and both times they covered. Over the last three seasons UCLA is a reliable 23-7 ATS in this unfamiliar role. UCLA has not fared well against Big 12 opponents recently going 1-7 ATS since 1997. Giving up only 59.6 PPG, UCLA will definitely look to do what they do best: keep this game as low scoring as possible. Their defense has been especially tough during the tournament. UCLA opponents have been able to muster up only 48.7 PPG while shooting a combined 34.5% from the field. UCLA definitely has a challenge at hand with a Kansas team that is capable of putting points on the board in bunches. As a team, they average 79 PPG and shoot an impressive 49.6% from the field and 39.4% from beyond the arc. During the tournament Kansas has been “lights out” from the field having shot 56.2%.

With Friday -105 juice on Basketball betting, MySportsbook.com is the place to bet on all of the “March Madness” action.  Don’t forget to monitor who the public is backing at MySportsbook.com’s “Betting Trends”.  By doing so, you have the best chance of predicting a possible line change, thus getting the best value for your wager.

To bet on March Madness games this online sportsbook accepts credit cards

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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