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07/13/2010 - Madison, IL (Sportsbook Betting Lines) - Series: NASCAR Nationwide. Date: Saturday, July 17. Race: Missouri-Illinois Dodge Dealers 250. Site: Gateway International Raceway. Track: 1.25-mile oval. Start time: 8:00 p.m. (et). Laps: 200. Miles: 250. 2009 winner: Kyle Busch. Television: ESPN 2. Radio: Motor Racing Network (MRN)/SIRIUS NASCAR Radio.
The Nationwide Series rolls into the "Gateway to the West" for the start of the second half of the 2010 season. With 18 of 35 races completed, Brad Keselowski heads to Gateway International Raceway, located just outside of St. Louis, with a commanding 227-point lead over Carl Edwards.
Keselowski's 21st-place finish coupled with a seventh-place run for Edwards in last Friday race at Chicagoland allowed Edwards to trim 50 points off of Keselowski's lead.
Edwards and Keselowski, along with Clint Bowyer, Kevin Harvick, Paul Menard, Michael McDowell, Joe Nemechek and Reed Sorenson, are those Sprint Cup Series regulars spending their off-weekend at Gateway.
One year ago, Kyle Busch added Gateway to his list of different tracks where he has won a Nationwide race. Busch benefited from Harvick's late-race misfortune, as Harvick ran out of fuel and handed the lead over to Busch with 29 laps remaining. He then held off Sorenson and Edwards in the closing laps for his sixth win of the season.
Busch will not defend his race title at Gateway. Brad Coleman will take over driving duties in the No.18 Toyota for Joe Gibbs Racing this weekend.
Keselowski's best finish in three Nationwide starts at Gateway is fifth, which came in 2008. When Keselowski competed here for the first time three years ago, he finished 26th in his just his second start for Dale Earnhardt Jr.'s Nationwide team JR Motorsports.
This is Keselowski's first year with Penske Racing.
Edwards, Harvick and Sorenson have two victories each at Gateway. Earnhardt Jr. is the only other repeat winner here.
"I am looking forward to going to Gateway," Edwards said. "Those wins there to me are it. There are no wins that are bigger. Those wins there are as big as any of my Cup wins. I have a lot of folks that are going to come out to the race there, folks that don't get to go to the races a lot, but are good friends of mine."
For the fifth year in a row, Edwards will make his annual trek on bike from his hometown of Columbia, MO to the 1.25-mile Gateway track, which is located five miles northeast of downtown St. Louis.
"We are going to ride our bikes," he said "It is about 200 miles, and we have a pretty crazy crew coming. The first part is going to be a charity event. We are going to leave from Walt's Bicycle Shop in Columbia, and we are going to ride a really neat ride down to the Missouri River, where we will have a bunch of folks help raise some money for a friend of mine that needs help with some hospital bills."
Harvick has competed in four Nationwide races at Gateway, with two victories and three-top-10 finishes. He finished 17th in last year's race here.
"Gateway has been a great track to me over the years," Harvick said. "I have two wins in four Nationwide Series starts, and look forward to continuing that success this time around with the No.33 Jimmy Johns Chevrolet. Gateway is a very unique track with two completely different sets of corners, which makes for some great racing that the fans will enjoy."
Ryan Truex, who is a development driver for Michael Waltrip Racing and the younger brother of Sprint Cup regular and two-time Nationwide champion Martin Truex Jr., will make his series debut at Gateway. The 18-year-old Truex won the 2009 NASCAR K&N Pro Series East champion. He currently holds the points lead in that series.
"It is a really big opportunity, and I'm just excited to get started," Truex said. "I just can't thank everyone enough at MWR (Michael Waltrip Racing) for giving me this opportunity.
"Three years ago, I remember racing a Legend car at Wall Stadium in New Jersey, and now I'm here. It's hard to believe how fast it's come, but I'm excited, ready to get started and make the most of my opportunity."
Forty-nine teams are on the preliminary entry list for the Missouri-Illinois Dodge Dealers 250.
The series will race again at Gateway on October 23. It's the first year this track hosts two Nationwide events in the same season.
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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.”
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