Like most of America, Robert Walker stared at the TV in February 2002 and watched as Adam Vinatieri’s 48-yard field goal won the Patriots Super Bowl XXXVI. Unlike most of America, Walker figures the kick saved his job.
Walker is the director of the race and sports book at MGM Mirage in Las Vegas. He sets the lines for 14 different properties in Vegas, and on this day he was sweating out the largest bet he’d ever taken on the big game.
Someone bet $4.6 million on the Rams to beat the Patriots on that day. When Vinatieri’s kick cleared the crossbar, Walker may have been the happiest man in America.
“I’ve always had a soft spot for the Patriots and Adam Vinatieri since then,” Walker said. “If he doesn’t make that field goal, you might be talking to someone else right now.”
Next Sunday is the biggest holiday of the year in Las Vegas. Last year, a record $94 million was bet legally on the Super Bowl. This year, Vegas hopes to reach $100 million. The men in charge of bringing in all that money spent last weekend trying to figure out the best point spread to make the most amount of money.
Set the number too high and the underdog takes in too much money. Set it too low and everyone jumps on the favorite.
For Walker and his brethren, these are the two biggest weeks of the year. From the regular betting line to prop bets, they have to make placing a bet on the big game as tempting as possible.
This year’s matchup between the Colts and Bears has them thinking big bucks.
“I think it’s a phenomenal matchup,” said Chuck Esposito, the assistant VP of the race and sports book at Caesars Palace. “The Bears are one of the most popular teams with the public. The Colts have arguably the most popular player in Peyton Manning. You have the Colts offense vs. the Bears defense.”
Each of the sports-book directors interviewed said they entered last weekend with an idea of what the line would be for each potential matchup. Walker even posted lines at the Mirage for each scenario to gauge the public’s feelings. They all felt the Colts would be around 61/2- or 7-point favorites if they wound up matched with the Bears. When watching the games, they paid attention for any injuries or performances that might affect the way the public would bet.
John Avello, the director at race and sports operations at Wynn Las Vegas, thought the line would be Colts minus-61/2, but then decided on 7 after watching the Colts’ performance in the second half against the Patriots.
“In the third and fourth quarter, all cylinders were firing,” Avello said. “That was the last impression left in watchers’ or bettors’ minds. I’m thinking we have Peyton Manning, one of the best passers, against the Bears, who have a quarterback [Rex Grossman] that people are unsure of. But the Bears do have a great following. Instead of 61/2, I’m going to use 7.”
The line was posted immediately after the Colts-Patriots game ended last Sunday. Walker, who posted the Colts minus-61/2, saw the first seven or eight bets come in on the Colts and moved it to 7.
Most directors rely on staffs of handicappers to help them come up with the number. Once the line is posted, plenty of other people also offer up opinions.
“When I post that number, I get people running back telling me I made a mistake,” Walker said. “If some think it’s too high and some think it’s too low, I know I have it right.”
After the line and over/under are set, the sports book staffs try to finalize their prop bets, which have increased in popularity in recent years. Esposito said his staff has been working on them for the last six weeks. Caesars is credited with staring the prop bet when it posted odds on William “Refrigerator” Perry scoring a touchdown in Super Bowl XX.
“We’ll have 200 to 250 different prop bets on the board,” Esposito said. “You name it, we’ve got it on the board.”
Source: NY Post
Formula One
Formula One Changes
By Brit Fryer
WagerWeb.com Contributing Writer
The deck was shuffled again in Formula One. So, if you haven’t been following which driver is driving what in 2007, here’s a brief overview.
At The Front
Ferrari: Finn Kimi Raikkonen (+125 to win the F1 championship on WagerWeb.com), formerly of McLaren, inherits Michael Schumacher’s car, one that won’t lose a wing or suffer mechanical failure every other race. And Brazilian Felipe Massa, who broke through in 2006, vows not to play second fiddle to his new teammate.
Vodafone McLaren Mercedes: Ron Dennis’ team lured Fernando Alonso (+200, WagerWeb.com), the two-time defending world champion, away from Renault. He’ll pair up with Lewis Hamilton, last year’s GP2 winner.
Renault: Clearly fielding the dominant car the past two seasons with Alonso, boss Flavio Briatore will rely on veteran Giancarlo Fisichella. Heikki Kovalainen was promoted from a testing role to a race seat.
In The Middle
BMW Sauber: The team terminated Jacques Villeneuve last year and replaced him with Polish upstart Robert Kubica, who performed admirably. Kubica and teammate Nick Heidfeld should do fairly well in the team’s second season under BMW control.
Honda: Formerly British American Racing, Honda closed the gap in 2006. Englishman Jenson Button posted his first grand prix victory in thrilling fashion at the Hungaroring and outperformed teammate Rubens Barrichello.
Red Bull Racing: Red Bull regressed in 2006, scoring 18 less points than in 2005. David Coulthard, who earned the team’s lone podium finish last season, welcomes Australian Mark Webber, who’s trying to rebound from a disastrous
stint at Williams.
Toyota: The team with the ultimate financial backing posted one podium in all of 2006, but Ralf Schumacher and Jarno Trulli enter their second season on Bridgestone rubber.
Williams: Frank Williams’ once-powerful team has been rubbish lately. Nico Rosberg limped through his first season in F1 as Williams totaled 20 DNFs. Austrian Alexander Wurz gets his first chance at a full-time drive.
At The Back
Spyker: In September, the former Jordan and Midland team was sold to Dutch sports car manufacturer Spyker. The drivers? Christjian Albers has never scored a point in his two F1 seasons, and Adrian Sutil has never made a grand prix start.
Super Aguri: Short on speed and just about everything else, the Japanese team retained Takuma Sato and handed the second seat to England’s Anthony Davidson, once an impressive test driver for Honda.
Toro Rosso: The Red Bull-backed team, at times, outran its big brother. Though no official announcement has been made, Italian Vitantonio Luizzi and American Scott Speed are expected to return in 2007. Remember, Toro Rosso
was lowly Minardi not long ago.
NEW DRIVES: January is the month Formula One teams show their hand.Renault and Honda unveiled their 2007 machines Wednesday — Renault the R27 and Honda the RA107. Red Bull followed with its RB3. This all came after BMW Sauber, Ferrari, McLaren and Toyota showed off their stuff.McLaren is particularly proud of its new MP4-22.
“Once we get the MP4-22 on track, the progress we can make from now until the first race will be really big,” Alonso said, “and I have no doubt that we will fight for the championship.”
The season begins with the March 18 Australian Grand Prix.
WORKAHOLIC: Seven-time world champion Michael Schumacher just can’t stay away. After announcing his retirement from Formula One last season, Schumacher is remaining at Ferrari as a consultant. He has unlimited access to Ferrari’s F1 program.
“He’ll come over whenever he wants to, and he will attend some GPs. He knows everything about racing and F-1. He will help us with our decisions,” Ferrari president Luca di Montezemolo told Italy’s Gazzetta dello Sport.
Tuesday News and Notes
2007
There has been some good news in the personal
responsibility front as far as your right to gamble. Real-time updates CasinoBettingNews.com
NBA
Warriors-Cavaliers
Akron Beacon Journal
LeBron James has been trying to play through the sprained
toe for 10 days, twice reinjuring it despite skipping
a game Friday against the 76ers in
to rest it. Resting would make a difference. Long term, it would be smart if I
took some games off and took some practices off, being a team guy and not
liking that feeling,” he said, all in the same thought. “I’ve got to be smart.”
James said it would be easier if the coaching staff came to him and told him
not to play. That’s what coach Mike Brown did in
but James still couldn’t keep himself out of the lineup Sunday against the
Phoenix Suns. Brown, of course, wants him in the lineup. “He should play
(tonight),” Brown said. “But with him, it’s a day-to-day thing.”
CBB
·
Baylor 12-1 after a game in which they made 78%
or more of their free throws
·
Notre Dame is 17-3 as road underdogs or pick
·
UNLV is 11-1 road off
consecutive home game
NBA
·
over 16-4 off loss as a favorite
·
under 13-2 home favorites of 12.5 or more
·
20-7 on 2 days rest
·
12-2 off a home game in which they scored and gave up 100 or more points