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07/19/2010 - Portland, OR (Sportsbook Betting Lines) - The Portland Trail Blazers have named Rich Cho as the team's new general manager.
No financial terms of the deal were announced.
Cho had spent the past nine seasons as assistant GM of the Seattle SuperSonics/Oklahoma City Thunder and was responsible for constructing trades, contract negotiations, salary cap and Collective Bargaining Agreement matters, player contracts and all player personnel issues.
"Rich Cho joins us as one of the new generation of general managers in the NBA," said team owner Paul Allen. "We were all impressed with the depth and breadth of his skill-set and we know his leadership will be critical to make our great organization even more successful."
The 44-year-old Cho was initially an intern with Seattle before becoming a part-time consultant in 1997. Later that year, he was brought on as the team's director of basketball affairs and held the position for three years until his promotion to assistant GM.
He also served as vice president of legal affairs for the Sonics from 2005-07 and was charged with the legal work involved with sponsorship agreements, licensing issues, immigration issues and employment contracts.
"Rich is the perfect fit for our organization," said team president Larry Miller. "He has the right balance of basketball knowledge, business acumen and tremendous people skills. Rich will be a great fit for our organization and is an executive on the rise."
Cho,who grew up in Federal Way, Washington and graduated from Washington State University, said he is thrilled to be joining the Blazers.
"As someone who grew up in the northwest, I'm aware of the unbelievable passion and support that Trail Blazers fans have, and I'm excited to be a part of this rich tradition."
Portland finished sixth in the Western Conference last season with a 50-32 mark and fell to the Phoenix Suns in the first round of the playoffs.
<< NL West: Injuries piling up in LA
(Sportsbook Betting Lines) - Imagine the San Diego Padres trying to stay atop the NL
West standings without Adrian Gonzalez, Chase Headley and Yorvit Torrealba.
The Los Angeles Dodgers would certainly enjoy seeing that happen, but they're
the one
<< Hurricanes sign C Nash
Raleigh, NC (Sportsbook Betting Lines) - The Carolina Hurricanes have signed center
Riley Nash to a three-year, entry-level contract.
The deal will pay Nash $550,000 in 2010-11, $600,000 in 2011-12 and $700,000
in 2012-13 at the NHL level.
H
<< Wrong year for Life At Ten to be so good
Philadelphia, PA (Sportsbook Betting Lines) - When the two leading thoroughbreds in
training are also the top female racehorses in the country, it becomes
difficult for any other filly or mare to get recognized.
This is the situation that confronts fi
<< Celtics re-sign Nate Robinson
Boston, MA (Sportsbook Betting Lines) - The Boston Celtics have re-signed guard Nate
Robinson.
Terms of the deal were not released, but the Boston Herald reported last week
that the diminutive guard agreed to a two-year, $8 million pact.
Bosto
Miyazato replaces Kerr as women's No. 1 >>
Philadelphia, PA (Sportsbook Betting Lines) - Ai Miyazato has replaced Cristie Kerr atop
the world rankings for women's golf.
The two players are just about tied, with Miyazato holding a lead of 0.0006
average points over Kerr.
Kerr snatched t
Rays sign OF Baldelli to minor league deal >>
St. Petersburg, FL (Sportsbook Betting Lines) - The Tampa Bay Rays signed veteran
outfielder Rocco Baldelli to a minor league contract on Monday and assigned
him to Single-A Charlotte.
The 28-year-old was taken with the sixth overall pick b
Galarraga rejoins Tigers >>
Detroit, MI (Sportsbook Betting Lines) - The Detroit Tigers have recalled pitcher
Armando Galarraga from Triple-A Toledo.
The right-hander was sent to the minor leagues on July 7 following his start
the day before against Baltimore, when he
Olaru among winners in Bad Gastein >>
Bad Gastein, Austria (Sportsbook Betting Lines) - Ioana Raluca Olaru of Romania was
among the first-round winners Monday at the Gastein Ladies tennis tournament.
Olaru rallied for a 1-6, 6-4, 6-3 victory over Germany's Kathrin Woerle on the
red
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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. “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).
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.
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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