Can anybody explain the process of line setting in Vegas?

'Had lunch a couple of times with Hank Goldberg in Miami. (He's a patroning self absorbed complaining fat boy that never pays the check).

Anyway, what I did get out of the slob is that all casinos hire out a service that provides top notch lines for the sports books.

How is this process actually done? Are we talking about a a board meeting and a computer and lots of coffee? What and how?

Maybe ya know, I'd like to know.

Las Vegas Sports Consultants gives recommendations on opening lines to all sportsbooks in vegas.The sportsbook managers take their recommendations and set their opening line normally very close to the LVSC line.

The high rollers and wiseguys are allowed to bet the opening numbers up to certain limits and casinos adjust their lines accordingly. This process happens in NFL and NBA mostly. Some sportsbooks have a lottery where you draw a number, others have other systems....

College sports are a little different as they have much lower limits normally unless it is a marquee matchup, championship, bowl game, etc..

Then they are released to us regular people and they generally only move when people place numerous limit wagers up and down the vegas strip.

Las vegas sports consultants, donbest and numerous other services monitor this wagering activity in real time and send out updates to vegas and offshore books. When wiseguys hit a game other sportsbooks know almost instantly.

Exactly! couldn't have been said any better 

Just have to add a little to the great explanation above.

Interesting.

Second halfs are calculated so quickly. Fascinating. They hit totals to the point.

I believe this is the way things use to be. But with the amount of people that bet now its kinda hard for them to get 50/50. I think that on games they think they can get 50/50 on, they do so but on games they think they can get the public to bet on a losing side they do that as well.