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11/30/2011 - Indianapolis, IN (Sportsbook Betting Lines) - The sanctioning body for the IZOD IndyCar Series revealed on Wednesday that Brian Barnhart will no longer serve as race director.
In restructuring its organization, IndyCar will split the responsibilities of president of operations and race director into separate positions. Barnhart will remain head of operations, overseeing the operational and logistical areas of the series. InyCar is reviewing candidates to fill the race director position.
"As our sport continues to grow and we prepare for our first new car in almost a decade, we feel that splitting these roles will help fully service our teams and venues as we prepare for the demands of the 2012 season," Barnhart said in a statement.
Barnhart has served as IndyCar's president of competition and racing operations since 2007. But Barnhart had been under immense criticism by competitors for some of his officiating calls during the 2011 season.
Several drivers in the inaugural Baltimore Grand Prix complained about the start of the race when a safety truck was still on the track.
Barnhart came under fire in August at New Hampshire, where race officials determined after a brief rain shower that the track was dry enough to resume racing, but drivers, particularly Will Power, pleaded with officials not to restart since there was still moisture on the track. Power crashed on the final restart, and shortly after, he made an inappropriate gesture (finger) to the direction of race control. Days later, Power was fined and placed on probation for the remainder of the season for his gesture.
In the October race at Motegi, Japan, Helio Castroneves was furious with Barnhart after he received a penalty for passing under a local yellow during the final lap. Castroneves later posted on his Twitter account, "Brian Barnhart is inconsistent and even changes the rule book when it is convenient for him and his own personal interests...It is sad to see one person being responsible for bringing down an entire series." Castroneves was also fined and put on probation for his comments.
IndyCar also announced another organizational change. Terry Angstadt resigned his position as commercial division president. Angstadt, who had served in the role since 2007, was instrumental in IndyCar's partnership with series title sponsor IZOD, as well as securing races in Sao Paulo, Brazil and Qingdao, China. The series is scheduled to race in China for the first time next year.
Marc Koretzky will replace Angstadt. Koretzky joined IndyCar in May as director of corporate business development. Angstadt will assist with the transition.
"I'm confident that Brian and Marc will lead our company into a bigger and brighter future in these new roles," IndyCar Chief Executive Officer Randy Bernard said.
The 2012 IndyCar season is scheduled to begin on March 25 in St. Petersburg, FL.
<< Brees, Hall, Peterson named NFC players of the week
New York, NY (Sportsbook Betting Lines) - Saints quarterback Drew Brees, Redskins
cornerback DeAngelo Hall and Cardinals punt returner Patrick Peterson have
been honored as the NFC's top players for Week 12 of the NFL season.
Brees complete
<< Brest midfielder Culm to undergo hip operation
Brest, France (Sportsbook Betting Lines) - Jhon Jairo Culm could miss the next two
months for Brest after undergoing hip surgery, the club announced.
The midfielder has been bothered by pain in his hip for weeks and will have a
procedure to rem
<< Johnson, Suggs and Janikowski earn AFC weekly honors
New York, NY (Sportsbook Betting Lines) - Tennessee Titans running back Chris Johnson,
Baltimore Ravens linebacker Terrell Suggs and Oakland Raiders kicker Sebastian
Janikowski have been selected as the AFC's top players for Week 12 of the NFL
season.
<< Cubs reach deal with DeJesus
Chicago, IL (Sportsbook Betting Lines) - The Chicago Cubs have signed outfielder David
DeJesus to a two-year deal with a club option for the 2014 season. Although
financial terms were not released, the pact is believed to be worth $10
million.
DeJe
Is Valentine the right guy for Boston? >>
(Sportsbook Betting Lines) - At first glance Bobby Valentine becoming the new manager of
the Boston Red Sox makes a ton of sense. He's a household name, he lives in
Connecticut, has been an above-average manager in this game and absolutely has
the abilit
Shoulder injury to keep Abbiati out two weeks >>
Milan, Italy (Sportsbook Betting Lines) - AC Milan goalkeeper Christian Abbiati will
miss the next two weeks of action due to a right shoulder injury.
Abbiati sustained the problem in Milan's Champions League match with Barcelona
last week and he
4-time Pro Bowl DL Chester McGlockton passes away >>
Alameda, CA (Sportsbook Betting Lines) - Former NFL defensive lineman and Stanford
assistant coach Chester McGlockton died early Wednesday morning. He was 42.
McGlockton was the 16th overall pick by the Raiders in the 1992 NFL Draft and
was a member o
Civil suit filed against Sandusky >>
Philadelphia, PA (Sportsbook Betting Lines) - A civil suit against Jerry
Sandusky was filed Wednesday morning in Philadelphia, by a man alleging the
former Penn State assistant coach sexually abused him more than 100 times over
a perio
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.”
To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.
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.”
To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.
Sports Betting News: NFL Team History | NFL Football Betting | College Football Betting | Baseball Betting | Basketball Betting | College Basketball Betting | Hockey Betting | Golf Betting | Tennis Betting | Auto Racing Betting | Horse Racing Betting | Soccer Betting