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07/12/2010 - Anaheim, CA (Sportsbook Betting Lines) - American League manager Joe Girardi didn't hesitate when asked about Boston third baseman Adrian Beltre's status for Tuesday's All-Star Game.
Girardi said Beltre, who injured his left hamstring during Sunday's game at Toronto, was replaced by Texas' Michael Young. The New York skipper made the announcement at a press conference Monday after revealing the starting lineup and pitcher for the Mid-Summer Classic.
According to the Boston Globe, Beltre was shocked to learn of Girardi's pronouncement because he had not ruled himself out. He planned on testing his hamstring later Monday. If he determines he can't play, Young would then be his replacement.
<< Knicks officially sign PG Felton
New York, NY (Sportsbook Betting Lines) - The New York Knicks made it official on Monday
by signing free agent guard Raymond Felton.
Terms of the contract were not disclosed, but the New York Daily News
previously reported its a three-year d
<< Ducks sign LW Green
Anaheim, CA (Sportsbook Betting Lines) - The Anaheim Ducks added some depth to the
forward position by signing left wing Josh Green to a one-year contract on
Monday.
The 32-year-old spent last season with Modo of the Swedish Elite League wh
<< Knicks still have cap space, but future is now
GREENBURGH, N.Y. (AP) -Enough talk about the salary cap. The New York Knicks think they can win now.New York introduced new additions Raymond Felton, Anthony Randolph, Kelenna Azubuike and Ronny Turiaf on Monday. Not quite the same as showing off Le
<< Cavs owner defends stance on LeBron
CLEVELAND (AP) -Cavaliers owner Dan Gilbert says he ``strongly'' disagrees with Jesse Jackson's criticism of his recent comments about LeBron James.Following James' announcement last week, Gilbert fired off an incendiary letter to Cleveland's fans,
Red Stars earn first win over Sky Blue FC >>
Bridgeview, IL (Sportsbook Betting Lines) - Chicago Red Stars used forward Ella Masar's
fourth goal in four games to top the 2009 Women's Professional Soccer champion
Sky Blue FC, 2-0, on Saturday at Toyota Park.
It was Chicago's first ever win ag
Haslem stays home; Heat now with five players >>
Miami, FL (Sportsbook Betting Lines) - Udonis Haslem has opted to stay in Miami, giving
the Heat a grand total of five players on their roster.
Haslem was an unrestricted free agent that, according to the Miami Herald, was
offered larger deals by th
Del Bosque tips Spain to dominate >>
Madrid, Spain (Sportsbook Betting Lines) - Delighted coach Vicente del Bosque believes
Spain can dominate world football for many years to come after their first-
ever World Cup final victory.
Andres Iniesta's extra-time goal proved decisive
Schweinsteiger plays down exit talk >>
Munich, Germany (Sportsbook Betting Lines) - Bayern Munich and Germany midfield ace
Bastian Schweinsteiger has admitted that he would like to try his luck abroad
at some point in the future, but has played down talk of an imminent transfer.
The
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Recently I had an email debate with an angry reader who said I did not understand "the science of oddsmaking", as he called it.
He said I was wrong for suggesting oddsmakers care about who wins or loses games.
"Oddsmakers only care about splitting the betting public 50/50 on both sides of the line and keeping the commission (a.k.a. juice)," he wrote.
He might have been right about not understanding "the science of oddsmaking". After all, I'm not an oddsmaker. That said, I stick to my assertion that oddsmakers (a.k.a. sportbooks) often do care about who wins games.
Granted, as a general rule, sportsbooks try to balance their action so that they're not exposed to big losses. However, there are times when this is difficult to pull off, regardless of how much a line has moved. There are also times when that general rule is ignored and a book pursues risk.
Generally speaking, it's safe to say the books in Vegas are risk-adverse. Unlike in the past when the wise guys ruled the town, Vegas is now corporate and the goal of most casinos is to make as much money as possible with as little risk as possible.
Thus, Vegas sportsbooks try everything in their power to balance the action. They're satisfied simply collecting the juice. But these profits are small, especially compared to the take from other casino games, namely slot machines.
Because the profits at Vegas sportsbooks are so small, you could argue that many casinos operate sportsbooks simply as a novelty to keep the tourists happy.
With a growing aversion to risk, it should come as no surprise that Vegas bookmakers have been panicking this NFL season.
Despite huge pointspreads, a disproportionate percentage of bettors are still laying their money on favorites like the Eagles, Colts, Pats and Vikings rather than the dogs (a common trend for the largely recreational bettors that visit Vegas).
And much to the dismay of the books, those favorites are finding ways to cover the thick chalk. In fact, prior to Week 7, the four teams listed above are a combined 16-2-2 (88 percent) against the spread. (The tables turned dramatically in Week 7, but more on that later.)
The result has been an early-season beating for the books, and a bonanza for bettors.
While Vegas increasingly hates risk, it's no longer a major player in the sports betting world. Most of the betting action now takes place offshore where sportsbooks are not as obsessed about balance. In fact, some books encourage exposure to risk because the rewards can be so much bigger.
Consider MySportsbook.com. On its website, the book has odds pages which actually display the amount of action it's getting on games. In other words, you can see how much action the book is taking on both sides of a pointspread, moneyline or over/under.
One look at these numbers and it's obvious MySportsbook.com does not balance every game. In fact, far from it.
Take last weekend's matchup between St. Louis and Miami. By game time on Sunday, 83 percent of the betting action at MySportsbook.com was on the Rams; only 17 percent was on Miami.
What's interesting is that MySportsbook.com opened the pointspread with Miami at +6 1/2. By game time, the spread had lowered to +5.
That goes contrary to the balancing theory. If MySportsbook.com had wanted to balance the action, it would have given Miami more points; instead, it took away 1 1/2. World Series odds are now up as well.
MySportsbook.com exposed itself to even more to risk, and rolled the dice on the underdog Dolphins. Why? I contacted a representative with the book to find out. His answer was simple.
"The line moved early based on 'smart money' from sharp players," said Jeff Gilroy, a spokesperson for the book. "We also knew from early in the week that we would need Miami, therefore (we dropped) the spread to encourage Rams money.
"At the end of the day, we liked the home team."
So the conclusion is this: MySportsbook.com respected the sharp action, and gambled that the sharp bettors had a better take on the game than the recreational bettors, who were hammering the visiting Rams.
In the end, the gamble paid off. Miami, desperate for a win in front of its home fans, pounded the overrated Rams, who are terrible on the road and even worse on grass. Final score: 31-14 Fish.
MySportsbook.com was also heavily exposed on numerous favorites in Week 7, including Philadelphia, Seattle and Denver. All three failed to cover.
The fact that sportsbooks are exposed to risk on certain games is really nothing new. The fact, that Sportsbook.com is willing to show the public where it's exposed is intriguing.
Armed with this type of information, bettors can make more educated wagers. They can get an idea where the sharp money is going and conversely where the public money is headed.
MySportsbook.com is opening up its cashbox, letting bettors look inside and challenging them to take their best shot at grabbing the cash.
To visit this online football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
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