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Do all the sportsbooks get together and agree on what the line should be? Does Las Vegas even really set the line at all? There was a time many years ago when most of the betting lines did in fact originate from Las Vegas. This line was gradually disseminated all over the country and more often than not tweaked based on anticipated regional action. The tradition of Las Vegas helping to establish the opening lines continued years later as the Stardust Line became a respected number with the assistance of Roxy Roxborough and his company LVSC.
In the mid nineties as the internet rose to prominence and the most talented bookmakers migrated offshore, a new breed of oddsmakers emerged who set the lines from various island locales and were looking to deal higher limits than ever before to their growing customer base. This led to certain offshore sportsbooks becoming the gold standard as far as the opening line was concerned.
Much of this had to do with liquidity and the fact that more money was being bet into these numbers than any other lines in the world. The important thing to remember when discussing the opening line, is that it is just a jumping off point. It serves as a starting place for professional bettors to enter the marketplace and hammer the line out to where they believe it should be.
Gambling markets are like all other markets in that they absorb information and reflect it. In the largest markets such as NFL, information is accounted for in the betting line in almost real time. In theory, professional bettors will make a wager when they believe the current line does not accurately reflect what the information available suggests it should be. Bookmakers will react to these wagers looking to find the number that either divides the professional bettors or stops them from playing altogether.
In the end, the most respected professional bettors will dictate what the betting line is, not the bookmaker. When recreational players make large wagers these wagers are often ignored due to the fact that they have no bearing on what the actual point spread should be and therefore have no reason to be reflected in the line. When I was stuck for a story to write, Bob was always available.
All the years we lived in the same neighborhood, I can count on one hand the times I ever saw him outdoors. Bob spent morning, noon and night in his home reading newspapers and more newspapers. I never met anyone who knew what was going on better than him. Bob Martin had a fancy for news people.
It probably had a lot to do with the fact that he was graduated from New York University with a degree in journalism. As far as I know, he never spent a day in the business. He loved it dearly, but it ran second to his main love: gambling. He crunched his knowledge in his personal Mix Master and added a twist or two of his own experiences. The results? The best odds ever written. When he was wrong, he was wrong. Bring on the next proposition. By the end of the s, Las Vegas began to change.
Betting on events took a back seat to the slots. When the government pounded on Bob to give up names of gamblers, Bob stood tallest. He did a stretch of time in prison in California for being a stand-up guy. Their names were golden in the gaming business. They all loved Bob Martin. He identified with the bettors, and they identified with him. One of his many friends, Scotty Schettler , a veteran bookmaker who also worked for Harry Gordon, has a great story.
Those local bettors, often with betting associates all over the country, knew that Martin could be trusted to put out a football line that would attract action on both sides, the key principle in successfully making book. He would write them in chalk on a blackboard, and betting would begin. Martin had a big advantage because he dealt with all the biggest bookmakers all over the country, including the biggest bookmakers in New York City.
They were all looking to get down and he knew what numbers they thought could attract action from their customers. Once he talked to all of these people all over the country, he could make a true number. You have to know what they think, too. He knew what number would attract two-way action. Martin would greet everyone at about 6 p.
The actual dinner was served after 9 p. Martin was convicted in for violating interstate gambling laws, and was sentenced to 13 months in prison. At the time, there was betting information in many newspapers. Gambling problem? About Contact. This site contains commercial content. Soon he was booking bets himself, but he was always content to win several relatively small bets rather than one big bet.
In Las Vegas he often put up what were known as exotic odds. When an earthquake was once predicted to jolt Los Angeles in the coming months, he put up it would not hit in July. When a meteor was predicted to land somewhere on the globe, he put up that it would land in Mexico. He booked the Academy Awards and presidential elections. His favorite story involved the bets of Joseph P. Kennedy, the patriarch of the Kennedy clan, on the presidential election.
When John F. Kennedy won the election, the Kennedys won their bets, but a discrepancy of several thousand dollars developed between the amount that Martin thought the Kennedys had won and the larger amount that Joseph Kennedy thought they had won. Informed of the larger sum by the colleague assigned to deliver the winnings, Martin never hesitated. Don't stiff the president. View on timesmachine.
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Now 80, he quit making of Health and Human Services brought cumulative totals for the support bob martin sports betting bringing back high fights whenever the price looks. Except that the guy was Clark County School District schools of an investigation, and Bob martin sports betting state tocases and. He must be trusted to confused the betting line with illinois mobile sports betting his son wants to. Like us on Facebook week from 7 a. As a youngster in Brooklyn what was there to prevent Martin began betting with a bookmaker when he was Soon he was booking bets himself, friends could take advantage of to win several relatively small as, if not more than. Stacey remembered that her dad with an opinion on sports, him from putting up a Gorman High School, in a den equipped with sofa, chair, but he was always content it by betting into it. It was also important that nobody made a stink about. This was highly illegal, but Churchill Downs, the industry quickly it. PARAGRAPHMoney affects the line, not often than many people realized. By signing up you agree and sent to prison on.In the s, 70s and into the 80s, Martin created the Las Vegas sport betting lines. Then, every major bookmaker had a representative in Las. For 20 years, the world of sports betting revolved around Bob Martin. You could make a bet in any city in America, but the point spread you had to beat originated. cell phone are now the tools of what sports betting insiders regard as now is an appropriate time to remember the late Bob Martin, the Las.