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07/31/2010 -
NEW YORK (AP) -The Arizona Diamondbacks have traded catcher Chris Snyder, minor league shortstop Pedro Ciriaco and cash to the Pittsburgh Pirates for infielder Bobby Crosby, outfielder Ryan Church and right-hander D.J. Carrasco.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
<< Indians activate Wood off DL
Toronto, ON (Sportsbook Betting Lines) - The Cleveland Indians on Saturday activated
pitcher Kerry Wood from the 15-day disabled list.
Wood last pitched on July 11 before landing on the DL with a blister on his
right index finger. It was the
<< Bucs agree to terms with McCoy, Penn
Tampa, FL (Sportsbook Betting Lines) - The Tampa Bay Buccaneers and first-round draft
pick Gerald McCoy have agreed to terms.
McCoy, a defensive tackle from Oklahoma selected with the third overall pick
of April's draft, reportedly agreed to a fi
<< Rays get Qualls from Diamondbacks
St. Petersburg, FL (Sportsbook Betting Lines) - The Tampa Bay Rays have acquired
reliever Chad Qualls from the Arizona Diamondbacks in exchange for a player to
be named later.
The right-handed Qualls has posted an 8.29 earned run average, t
<< Power-swinging Marlins resume series with Padres
(Sportsbook Betting Lines) - Even a trip to spacious Petco Park couldn't derail the
Marlins' power train. Florida seeks a sixth straight victory at the Padres'
home park as it continues a three-game set tonight with San Diego.
The Marlins got home run
Fisher stumbles but still leads Irish Open >>
Killarney, Ireland (Sportsbook Betting Lines) - Ross Fisher played his last 11 holes in
four-over par Saturday, but still managed an even-par 71 and held on to first
place after the third round of the Irish Open.
Fisher, who fired a tournament-record-
Indians scratch Westbrook >>
Toronto, ON (Sportsbook Betting Lines) - The Cleveland Indians have scratched pitcher
Jake Westbrook from Saturday's scheduled start against Toronto.
The MLB Network said Westbrook is on the verge of being traded and reports it
could be a three-way de
Tseng maintains lead at Women's British Open >>
South Port, England (Sportsbook Betting Lines) - Yani Tseng eagled the final hole
Saturday en route to her third straight four-under 68 and a four-shot lead
after the third round of the Women's British Open.
Tseng finished 54 holes at 12-un
Russians prevail in Istanbul >>
Istanbul, Turkey (Sportsbook Betting Lines) - Russians Anastasia Pavlyuchenkova and
Elena Vesnina were semifinal winners Saturday and will meet for the title at
the Istanbul Cup.
The third-seeded Pavlyuchenkova earned a 7-6 (7-1), 2-6, 7-5
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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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