NHL approves new Kovalchuk contract

Hockey Betting Lines

09/03/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was reportedly approved by the National Hockey League.

Additionally, according to TSN of Canada, the league and the NHL Players' Association reached an agreement on an amendment to the rules that govern long-term contracts. A report from The Record in New Jersey states that new guidelines will be implemented regarding how the salary cap hit would be calculated for long-term deals that go beyond the ages of 35 and 40.

Kovalchuk's initial 17-year, $102 million deal with the Devils was rejected by the league on the grounds that it circumvented the league's salary cap. The deal was front-loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.

The NHL Players' Association filed a grievance on Kovalchuk's behalf, but an arbitrator ruled in favor of the league. His second deal is worth a reported $100 million over 15 years, which provides an annual cap hit of $6.66 million.

The rejection of the contract provided much debate throughout the league in terms of "lifetime" contracts given to players that have helped reduce the yearly salary cap hit. Several players in previous years signed deals that took them past 40 years of age and saw the annual salary dip below $1 million in the final years of the contract.

Because of the league rules on player contracts after the age of 35, it was conceivable that someone could retire before the deal had expired, wiping the contract off the salary cap. This rule allowed teams to sign players to front-loaded contracts to benefit both the team and player.

With the new guidelines in place regarding long-term deals and the CBA negotiations that will occur in the next few years, it is likely that Kovalchuk's contract is the last of its kind. Additionally, according to the report in The Record, similar contracts that have been signed previously will not be affected by the new rules.

Kovalchuk's deal will reportedly take the team about $3 million over the salary cap with 21 players under contract, and the Devils will have to get under the $59.4 million cap before the beginning of the season while adding two more players to the roster.

Kovalchuk posted 41 goals and 85 points in 76 games last season, 10 goals and 27 points coming in 27 games with New Jersey. In a five-game first-round playoff loss, the 27-year-old added two goals and six points.

In 621 games since entering the league in 2001, the Russian star has accumulated 338 goals and 642 points with Atlanta and New Jersey.

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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.”

To visit this internet sportsbook got to MySportsbook.com for all your sports betting needs and World Series odds.

MySportsbook.com : Fortune Favors Favorites in March Madness betting?

Just like Day 1 of the “Sweet 16”, Friday’s games are chock full of some of the nation’s elite.  Unlike Thursday’s games, there is a little bit more of a “Cinderella” feel as #7 seed UNLV and #6 seed Vanderbilt will attempt to move on to the Elite Eight.  With powerhouses Florida, UNC and Georgetown looking to continue their momentum against lesser known teams, it isn’t surprising that once again the “betting public” is backing most of the favorites.  As the early coin rolls in, 56% of Sportsbook.com bettors prefer Georgetown (-7.5) as they take on Vanderbilt; 84% of the early money is backing Oregon (-3) as they square off against UNLV; and a slight majority (52%) of the early cash is on Florida (-10.5) against Butler as the Gators continue their quest for another National Title. The only favorite the public don’t seem confident in is UNC, as 59% of the cash is backing the underdog Trojans (+8).

Midwest

#1 Florida vs. #5 Butler

The defending National Champs have been on a mission since last April.  Joakim Noah and Al Horford turned down millions of dollars for one reason, to REPEAT.  After a late season hiccup which saw them lose three out of four, the Gators have won six straight by an average of 20.3 points. More importantly, they covered in five of those six games.  Behind their stymie defense that yields only 56.9 PPG, Butler has been a very pleasant surprise this season.  As their 20-11 ATS record will indicate, “surprise teams” like Butler are often good bets for gamblers.  Playing in an average conference, Butler wasn’t and underdog too often but when they were, they covered (6-0 ATS).  Butler’s defense will have its hands full against a Gators offense which averages 80.1 PPG on an amazing 52.9% shooting from the field.  With Florida’s tournament experience over the last few years, it isn’t surprising that they are 5-1 ATS this season, 20-4 ATS over the last three seasons and 38-20 since 1997 in tournament action.

#3 Oregon vs. #7 UNLV

As a #7 seed, UNLV is the closest thing to a “Cinderella” we have this year.  If you bet on UNLV this season with any regularity, you most likely cashed in. Behind their guard oriented attack, the Rebels are an impressive 20-11 ATS this season.  As an underdog they covered in 8 out of their ten games which isn’t surprising since they are 52-30 ATS as a ‘dog since 1997. The Rebels have been a consistent cover during the month of March as well.  This March they are 6-0 ATS, 11-3 ATS over the last three seasons and 24-11 since 1997. Their impressive ATS trends don’t end there; versus teams with a winning record they are 15-6 ATS this season and 41-21 over the last three seasons.  Although Oregon hasn’t been as generous to gamblers as UNLV this season, they have been covering consistently as of late.  There is no question that they are playing their best ball of the season having won their last 8 straight up (SU) by an average of 14.5 points. Not surprising they covered in 7 of those games.  It is interesting to note how similar these teams are in regards to scoring and scoring defense. UNLV averages 75 PPG while giving up 66.5 PPG and Oregon scores 75.8 PPG while yielding 65.5 PPG.

East

#6 Vanderbilt vs. #2 Georgetown

“Hoya Paranoia” is officially back! After a decent start, Georgetown has rolled through the second half of the season.  Over their last 18 games, they are 17-1 SU.  They have definitely improved ATS as the season has progressed as well. After opening the season 1-4-1 ATS, the Hoyas have covered 78.3% of their games.  With their great interior play of Jeff Green and Roy Hibbert, the Hoyas as a team shoot 50.5% from the field.  Like the Georgetown teams from years ago, they also excel on defense.  Hoya opponents averaged only 56.8 PPG on 38.2% shooting from the field and an extremely low 30.4% from beyond the arc.  The last stat could be of some concern to Vanderbilt considering they shoot 37.7% from long-range.  Ranking second to last in the SEC in rebounding margin, Vanderbilt will have its work cut out for them against the Hoya trees. As far as covering is concerned, Vanderbilt has been almost a “sure thing” (7-1 ATS) versus good defensive teams that allow less than 64 PPG.

#1 UNC vs. # 5 USC

The Tar Heels are as talented and as deep as any team in the country.  Going ten deep and chock full of HS All-Americans, UNC averages 86.1 PPG and scored 100+ seven times.  Led by All-American forward, Tyler Hansbrough (18.6 PPG 7.9 RPG) UNC has a very balanced attack which can kill you on the inside as well as on the perimeter.  UNC only real concern is their youth as eight of their rotation players are either sophomores or freshmen.  UNC was a reliable cover this season going 20-13 ATS.  An intriguing covering trend for the Tar Heels in recent years has been how they fared after non-conference games.  This season they are 11-3 ATS after non-conference games and over the last three seasons they are 31-13 ATS.  USC is also a pretty deep team which is loaded with swingman types.  An match-up to keep an eye on will be freshman forward Taj Gibson (12.1 PPG, 8.6 RPG) as he squares off against the AA Hansbrough.  USC has been a covering machine this season achieving a 21-10 record ATS.  They have thrived in the underdog role, having covered 10 out of 12.  When playing a team with a winning record, the Trojans are an incredible 20-6 ATS. Keep in mind, USC dedicated their season to former star to Ryan Francis who passed away before the season so as they get closer to the ultimate goal, emotion could definitely be on their side.

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 this sportsbook “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

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