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02/20/2007 - Boston, MA (Sportsbook Betting Lines) - The Boston Celtics assigned rookie guard Allan Ray to their NBA Development League affiliate in Austin.
Ray is the team's first assignment to the NBA Development League this season and the 19th NBA player to be assigned.
Ray has appeared in 33 games this year averaging 4.9 points and 1.1 rebounds. He also ranks third among all NBA rookies in three-point field goal percentage with a mark of .391.
<< Cowboys sign Gurode to six-year deal
Irving, TX (Sportsbook Betting Lines) - The Dallas Cowboys signed offensive lineman
Andre Gurode to a six-year contract on Tuesday.
Gurode started all 17 games last season for the Cowboys and was added to the
Pro Bowl as an injury replacement f
<< Jazz have what it takes to hold on in Northwest Division
(Sportsbook Betting Lines) - Utah (35-17) is in first place in the Northwest
Division, 8 1/2 games ahead of the second place Denver Nuggets. Led by All-
Stars Carmelo Anthony and Allen Iverson, the Nuggets will be primed to make a
run at the Jazz.
<< Martin comes up big both on track and off
Philadelphia, PA (Sportsbook Betting Lines) - Mark Martin won the 2007 Daytona 500.
Sure, he didn't get the trophy, the huge check or drenched by champagne in
Victory Lane, but that doesn't change the fact that he won the race.
In typical N
<< Line of Scrimmage: Norv Turner - Bad Things Happen in Threes
Philadelphia, PA (Sportsbook Betting Lines) - They're rejoicing in Denver, Kansas City,
and Oakland right about now.
Norv Turner is an NFL head coach for the third time, having taken over for
Marty Schottenheimer in San Diego, and the rest of the AFC
Pennsylvania Derby purse increased to $1 million >>
Bensalem, PA (Sportsbook Betting Lines) - Philadelphia Park Racetrack has announced that
its premier event, the Pennsylvania Derby, will now have a purse of $1
million. The announcement was made in a press release on Tuesday.
"There's somethi
United, Dynamo gear up for Champions Cup matches >>
Philadelphia, PA (Sportsbook Betting Lines) - While most Major League Soccer teams are
slowly building their fitness and preparing for the upcoming season - which
kicks off April 7 - two clubs are under considerably more pressure.
The Houston Dy
Jankovic, Hantuchova advance in UAE >>
Dubai, United Arab Emirates (Sportsbook Betting Lines) - Fifth-seeded Serbian
Jelena Jankovic and eighth-seeded Slovak Daniela Hantuchova were among
Tuesday's opening-round winners at the $1.5 million Dubai Duty Free Women's
Open.
This Week in Auto Racing February 23 - February 25 >>
Philadelphia, PA (Sportsbook Betting Lines) - From one coast to the other the NASCAR
caravan pulls into the Los Angeles area for week No.2 of 36. For those that
had a tough time in the restrictor-plate race at Daytona its back to un-
restric
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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