A sad, tragic end in Memphis

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07/29/2010 - Philadelphia, PA (Sportsbook Betting Lines) - A body riddled with bullets was found in Southeast Memphis Wednesday afternoon in a thickly wooded area near FedEx's world headquarters.

It was just another sad ending in a city that has become notorious for its gang problems and ever-increasing homicide rate.

But, Lorenzen Wright was the last person they should have been caught up in the underbelly of Memphis.

Wright spent 13 years in the NBA after being selected seventh overall by the Los Angeles Clippers in the 1996 draft.

Raised near Oxford, Miss., the River City would become a constant in Wright's short life. The 6-foot-11 power forward played his high school and college ball in Memphis, and eventually ended up with the Grizzlies in 2001-02 when he was traded by the Atlanta Hawks along with Pau Gasol and Brevin Knight to the Grizz for Shareef Abdur-Rahim and Jamaal Tinsley.

Although he never lived up to the billing of a top 10 pick, Wright carved out a niche that enabled him to make over $55 million dollars over his NBA career, and he never hesitated to give back to his hometown.

During his first of three NBA stints in Atlanta, Wright, Penny Hardaway and two other Memphis-area NBA players (Todd Day and Elliot Perry) furnished $10,000 to Travis Butler, a 9-year-old boy who lived with his mother's corpse for a month out of fear he would be put in foster care if anyone found out she was dead.

He also founded the Sierra Simone Wright Scholarship Fund designed to award students for academic achievement and heavy involvement in their school or community after the death of his infant daughter in March 2003.

Now, all that's left of Wright's legacy is for police to figure out what happened to him in the early morning hours of July 19.

The 34-year-old Wright was last seen alive on July 18 and was reported missing by his family four days later. A 911 call was received from Wright's cell phone at 1:00 am on the 19th and the caller, presumably Wright, was speaking with the dispatcher when several gun shots rang out.

According to 730 Fox Sports in Memphis, Wright was shot at least a dozen times and possibly as many as 18 times, a fact that most investigators will tell you points away from a random act of violence.

By Wednesday night, local media reports had nearly 200 people gathering in the area Wright's body was found as investigators combed the area for evidence and brought in a mobile command center.

"We are deeply saddened by the tragic death of Lorenzen Wright," Grizzlies owner Michael Heisley said in a statement. "We lost a member of the Grizzlies family. Lorenzen delighted fans on the court with his passion and off the court with his generosity in a Memphis community that watched him grow throughout his playing career at Booker T. Washington High School, the University of Memphis and the NBA."

Family and friends, meanwhile, are having a difficult time coming to terms with Wright's tragic end.

"Lorenzen's family has come together to mourn his loss and honor his legacy," his family said in a statement issued through their cousin, Camella Logan. "We appreciate your thoughts, prayers and condolences as they are comforting at this very difficult time. Additionally, we ask that you please respect our privacy as we try to cope with his sudden loss."

"I cried, the emotions hit me immediately," Hardaway told Eyewitness News in Memphis. "It's sad because we lost a good person and a brother."

Wright leaves behind six children and a mystery for Memphis to solve.

"To end his career and his life like this here in some woods, that's not good," friend Stan McKinley said. "You don't do a dog like this. It's just a really sad day for the city as a whole."

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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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