Algorithms finds winning formula for Holy Bull Stakes

Horseracing Betting Lines

01/29/2012 - Hallandale Beach, FL (Sportsbook Betting Lines) - Algorithms, ridden by Javier Castellano, overtook a tiring Hansen down the stretch to capture Sunday's $400,000 Holy Bull Stakes at Gulfstream Park. The 5-2 second choice covered the mile in 1:36.17 over a sloppy track.

Hansen, the 2011 champion two-year-old colt, stumbled at the start under jockey Ramon Dominguez but was rushed up to quickly take the lead. Algorithms was dueling with 12-1 longshot Silver Max for second followed by Fort Loudon, 3-1 third pick Consortium and My Adonis.

Hansen had the lead into the far turn with Silver Max second and Algorithms three wide in third. Entering the stretch the 9-10 favorite began to weaken as Algorithms cut into the lead.

Trained by Todd Pletcher, Algorithms easily went past Hansen and registered a five-length win over the 2011 Breeders' Cup Juvenile champ. My Adonis, a 22-1 longshot, rallied to finish third followed by Fort Loudon, Silver Max and Consortium.

Owned by Starlight Stable, Algorithms used the Holy Bull as both his season and stakes debut. The victory was worth $240,000 to bring the three-year-old colt's earnings to $301,500. It was his third win in as many starts.

"This race was going to tell us where we were with him, running against the two-year-old champion," said Pletcher. "Now he's done everything we've asked him to.

"He's by Bernardini and I don't think he'll have distance limitations. So we just have to sort things out from here."

Algorithms first raced last June at Belmont Park and posted a five-length win as the 7-10 favorite. His only other start was last month at Gulfstream when he registered a length victory over Holy Bull rival Consortium.

"I don't think two turns will be a problem for him," noted the winning jockey. "I rode his father Bernardini to win the Preakness and other big races and hopefully this horse can be like that. He's certainly in the right hands with Todd Pletcher."

Algorithms returned $7.00, $2.80 and $2.40. Hansen paid $2.40 and $2.10, and My Adonis paid $4.00 to show.

The favorite's trainer and rider were not completely displeased with the effort by the three-year-old.

"Ramon said pretty much after he stumbled he popped up and jumped right into the bit and was a little headstrong and fresh, but other than that it was a good effort and he galloped out strong," said Hansen's trainer Michael Maker. "We're pleased."

"He has a lot of speed and he might have been a little bit fresh today too which is why we went a little faster than I was looking for," Dominguez said. "He stumbled coming out of the gate and he picked himself up pretty quickly, but sometimes that scares a horse a little bit and they go a little fast. The stumble probably didn't help but it's not an excuse. I'm not happy that he didn't win but I'm not totally disappointed. When he got passed, he really dug in and he galloped out really well."

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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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