NASCAR not making any big changes for 2012 season
Autoracing Betting Lines
01/26/2012 - Charlotte, NC (Sportsbook Betting Lines) - Unlike 2011, NASCAR will not make any major alterations in its rules for the upcoming season.
Officials from the sanctioning body, including NASCAR chairman and chief executive officer Brian France and president Mike Helton, held a press conference Thursday to address the "state of the sport."
Last year, NASCAR revealed a host of format changes, including a revised points system for all three of its national touring series, as well as a new rule which prevented drivers from competing for a championship in more than one of the three series. Other rule modifications included two "wild card" positions for the Chase for the Sprint Cup championship format and a new qualifying procedure.
NASCAR made such drastic changes to help improve track attendance and television ratings, which had both slumped in recent years.
"We're very pleased with how all those changes played out," France said during his opening remarks.
The 2011 season in NASCAR's premier series -- now known as the Sprint Cup Series -- featured the closest battle for the championship. Tony Stewart and Carl Edwards ended the season in a points tie (2,403 each), but Stewart captured his third title by virtue of his five wins -- all of them in the Chase -- compared to only one for Edwards.
"The way to top that is to have three drivers or four going for the championship if that's possible," France said in regards to the upcoming season.
One significant change for 2012 is the electronic fuel injection systems, which are replacing carburetors in the Sprint Cup cars. Electronic fuel injection has been a project that NASCAR has worked on with both McLaren Electronic Systems and Freescale Semiconductor the last several years.
NASCAR also worked with Sprint Cup teams to test the technology this past season.
"We're pretty confident in what we've chosen; it's been tested pretty carefully - that we will be in good shape," France said. "If we're not, if there's some change, then we'll look at that. But we're pretty confident that we've got the right package on that."
France mentioned the electronic fuel injection systems could be used in the Nationwide and Camping World Truck Series in the future.
NASCAR is preparing for the debut of the new Sprint Cup cars next year. Earlier this week, Ford unveiled its 2013 Fusion model. The other three manufacturers -- Chevrolet, Dodge and Toyota -- are expected to unveil their models later this year. Private test sessions for the car are planned throughout this season.
"I think the optics of the 2013 car will be very significantly recognized and very popular, and the effort with NASCAR and all of the manufacturers collectively working on this together, the four manufacturers in a room with NASCAR and NASCAR saying we would like for you to help us design this race car in a way that you would like it, that was a bit of a surprise to them, for us to be that open with that process," Helton said.
NASCAR announced on Wednesday it is doing away with undisclosed fines. During the past couple of seasons, Sprint Cup drivers Denny Hamlin, Juan Pablo Montoya and Ryan Newman had been secretly fined for comments they made that were considered detrimental to the sport. NASCAR's policy in not publicly announcing fines had recently received criticism, mostly from fans.
"In terms of going public with it, we didn't have a real strong position on that," France said. "We feel like that's something people think is a good thing. We were happy to do it."
Officials further addressed the new rules package for restrictor-plate racing this year, beginning with the February 26 season-opening Daytona 500. The revised rules are intended to scale back on the two-car tandem style of racing that has been featured at Daytona and Talladega Superspeedway the past couple of seasons.
NASCAR is banning driver-to-driver radio communications while they are on the track for restrictor-plate races. However, team-to-team communications for these events will remain allowable.
"I think we have some confidence that the tandem racing as we saw the '11 [season] conclude with won't be a part of the Daytona 500," Helton said. "We're not going to write a rules package that prevents the drivers from racing close to each other. That's NASCAR racing the fans expect. So we think the Daytona 500 will be more in line with the fans expectations. You'll see more than likely cars push each other, but that was happening in 1959 and 1979."
After Sprint Cup teams tested earlier this month at Daytona, NASCAR made some modifications to the cars, particularly the restrictor plates and the front grilles, for the Daytona 500 and other Speedweeks events.
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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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