Current Yankees remember Steinbrenner

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07/13/2010 - Anaheim, CA (Sportsbook Betting Lines) - Yankees manager Joe Girardi spoke about a time in spring training when he and his wife were walking their dog, a white bichon, on the manicured grass when he encountered owner George Steinbrenner.

He expected Steinbrenner to yell, but said Steinbrenner instead sat and talked to them, asking about the dog.

"Totally different expectation than what I had," Girardi said. "It was the first time I realized he wasn't everything he was painted to be...I gotta tell you, one of his athletes walking a little white dog, I was expecting something different."

Steinbrenner was tough and had high expectations, but was fair and revealed a softer side in personal moments. That was the consistent theme when Girardi, along with Yankees pitcher Andy Pettitte, third baseman Alex Rodriguez and shortstop Derek Jeter -- who are in Anaheim for the All-Star Game -- spoke about the Yankees owner, who died Tuesday morning.

Steinbrenner could be demanding and had high expectations for his team, which became clear in some anecdotes they told.

Rodriguez, who joined the Yankees in 2004, said within the first two minutes of meeting Steinbrenner, the owner told him multiple times that the Yankees have to win a World Series. Girardi said winning the World Series meant a lot to Steinbrenner, but Steinbrenner didn't take too long to enjoy the accomplishment.

"He was like, 'Okay, how are we going to win next year,'" said Girardi, who won three World Series titles with the Yankees as a player and last year as the manager.

Jeter recalled being yelled at by Steinbrenner for getting doubled off third base early in his career, despite the fact that the Yankees won.

"He was an old football coach," Jeter said. "His way, he'd sort of look at the baseball season like we played 12 games and we have to win every single day. He really expected to win, every night, every day."

But Jeter also remembered getting a call in 2003, saying The Boss wanted to talk to him. Jeter figured he was in trouble again and called Steinbrenner.

"He said how much respect he had for me and he wanted to name me captain and would I accept that role," Jeter said. "I was in Cincinnati, and it's a memory I'll always cherish not only because I thought I was getting in trouble, but because I realized how much that title meant to him and to the organization."

That was the way all four recounted how Steinbrenner revealed his true self to them, through surprising moments that told them he was more than a caricature.

Rodriguez remembered a letter delivered to him in 2004 from Steinbrenner, hand-written. At the end it said "I'm counting on you" in capital letters and with an exclamation point.

"To this day I hold this dear and still feel we're playing for him," Rodriguez said.

Pettitte said Steinbrenner would hand him bible verses before some playoff starts.

"He was tough, but he was always there to support you also," Pettitte said. "I don't think enough is said about the support he'd give you."

In addition to the dog-walking story, Girardi also remembered how Steinbrenner teased him about football. Girardi went to Northwestern, while Steinbrenner was an assistant football coach there in the 1950s.

"He would needle me about Northwestern football, and had a way of making some light moments in some tough times," Girardi said. "I enjoyed it. I never really felt that his expectations were overbearing. I just felt he wanted what we all wanted; to win."

Jeter, who knew Steinbrenner since he was 18, said Steinbrenner was a father figure to anyone in the organization, saying "he really went out of his way to take care of his players."

"He's more than just an owner to me, he's a friend of mine," Jeter said. "He'll be deeply missed."

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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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