Junebugred is golden in Smarty Jones

Horseracing Betting Lines

01/16/2012 - Hot Springs, AR (Sportsbook Betting Lines) - Junebugred, ridden by Joe Bravo, held on to win Monday's $100,000 Smarty Jones Stakes to begin Oaklawn Park's series for three-year-olds on the Kentucky Derby trail. The 6-1 third choice covered the mile distance in 1:38.45 on a fast track.

In the 12-horse field On Fire Baby, the lone filly to start, went off as the 3-2 favorite with Optimizer at 2-1.

Breaking from the gate first was Laurie's Rocket followed by No Spin, Jake Mo, Junebugred and On Fire Baby. Laurie's Rocket and No Spin battled on the front end up the backstretch and into the far turn.

On Fire Baby, with Joe Johnson riding, was four wide around the final turn with No Spin, Laurie's Rocket and Jake Mo to her inside. Junebugred had dropped back on the turn as 17-1 longshot Reckless Jerry came running on the outside.

At the top of the stretch Junebugred found room along the rail with Jake Mo, On Fire Baby, Laurie's Rocket and Reckless Jerry to his outside. Trained by Steve Hobby, Junebugred was able to take the lead in late stretch and hold off the late running Reckless Jerry.

Junebugred was able post a neck victory over Reckless Jerry with On Fire Baby finishing third. Holding on for fourth was Jake Mo followed by Laurie's Rocket, Optimizer, Copus, Prince Cheval, King Coral, No Spin, Fastestwhogetspaid and Hard Nosed.

Owned by Alex and Joann Lieblong, Junebugred was making just his third career start in the Smarty Jones. The win was worth $60,000 to bring the chestnut colt's earnings to $95,400.

The three-year-old made his debut last October at Monmouth Park when he finished third as the 13-10 favorite. Six weeks later he broke his maiden at Aqueduct at 8-1.

"We started him off and he showed us some talent," said Hobby about the colt. "His first time out he hadn't had any dirt in his face and he got to hopping and jumping around like a lot of first-time starters do. We went and sent him to David (trainer David Fawkes) in New York to give him a shot on the track up there."

Junebugred returned $14.80, $7.00 and $4.60. Reckless Jerry paid $12.80 and $6.20, and On Fire Baby paid $2.60 to show.

Next for three-year-olds is the $250,000 Southwest Stakes on Monday, February 20 followed by the $500,000 Rebel on March 17 and $1 million Arkansas Derby on April 14.

The Smarty Jones Stakes is named for the 2004 champion three-year-old colt who won the Arkansas Derby along with the Run for the Roses and Preakness Stakes. The stakes was won last year by eventual Breeders' Cup Dirt Mile champ Caleb's Posse.

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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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