Rachel Alexandra has last work before year's debut

Horseracing Betting Lines

03/02/2010 - New Orleans, LA (Sportsbook Betting Lines) - Rachel Alexandra, 2009 Horse of the Year, had her final major workout Tuesday morning before her 2010 debut. The four- year-old filly breezed six-furlongs at the Fair Grounds in preparation for the $200,000 New Orleans Ladies on Saturday, March 13.

With regular exercise rider Dominic Terry aboard, Rachel went the six-furlongs in 1:13 3/5 on a track listed as fast. She went seven-furlongs in 1:26 2/5 and 1:41 1/5 for a mile.

"I was hoping she'd go a little quicker," trainer Steve Asmussen said. "She settled off the other horse (Depaul) really nicely. She stayed with her left lead trying to stay with the other horse, then she switched to her right lead and accelerated. We're happy with where she's at. The main thing is she's healthy and this is a step in the process to getting her back to her previous level.

"She was a little keen early. She was very aggressive and hard-held early. For him (Terry) to still have control with one in front of her was very impressive. It was a little slower from the five-eighths to the three- eighths."

Owned by Jess Jackson and Hal McCormick, Rachel Alexandra could face as many as 10 challengers in the 1 1/16-mile New Orleans Ladies. When nominations for the race closed this past Saturday 16 fillies and mares were named.

Seven of the horses are considered probable with several others listed as possible. Among the probables are Clear Sailing, a four-year-old filly trained by Glenn Delahoussaye and owned by Keith and Ginger Myers.

"She's doing great," said Delahoussaye. "She's going to work Wednesday and we'll see how she works and how she comes out of it and take things from there. We're working her Wednesday with the intention of running her in the New Orleans Ladies."

Clear Sailing is the winner of three of four career starts with earnings of $92,940. Last month she won the $60,000 Pelleteri Stakes at the same distance as the New Orleans Ladies. The daughter of Empire Maker is undefeated in her last three starts, all with jockey Shane Sellers.

"I don't think there's any trainer in the world who's insane enough to say he's looking forward to running his horse against Rachel Alexandra," said Delahoussaye, "but for me this race is not about whether it's Rachel or not Rachel in there against our horse. The New Orleans Ladies fits the progression about where I wanted to be at this point in time.

"Right now we're trying to keep our filly's races at least a month apart, because my owners have this dream of winning a stakes races at Churchill Downs during Kentucky Derby week. The New Orleans Ladies would keep us on a schedule for Churchill's La Troienne Stakes on Kentucky Oaks Day. That's our long term goal."

According to Fair Grounds stakes coordinator Scott Jones, other probable starters for the Ladies include Bayakoa Handicap winner Zardana, trained by Zenyatta's trainer John Shirreffs; Double Espresso, winner of the Pan Zareta Stakes at the Fair Grounds and Unforgotten, second in last year's Chicago Handicap behind 2009 champion female sprinter Informed Decision.

Rachel Alexandra will follow her start in March with an ultimate showdown versus Zenyatta. The two female thoroughbreds are to finally meet at Oaklawn Park in the $5 million Apple Blossom Invitational on Friday, April 9.

Zenyatta is based at Hollywood Park where she has been working out. Owned by Jerry and Ann Moss, Zenyatta will start in the $250,000 Santa Margarita Invitational on March 13.

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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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