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06/13/2010 - Brooklyn, MI (Sportsbook Betting Lines) - Denny Hamlin continued his dominance in the Sprint Cup Series by easily winning the Heluva Good! Sour Cream Dips 400 at Michigan International Speedway.
Hamlin led a race-high 123 laps and held a 10-second advantage over Kasey Kahne before the final caution came for debris on the track with 19 laps remaining. He quickly pulled away from Kahne after the restart with 14 laps to go, and then cruised to his series-leading fifth victory of the season.
Kahne finished a season-best second, while Kurt Busch, the pole sitter, took the third spot. Jeff Gordon and Tony Stewart rounded out the top-five.
Hamlin's five wins this season have come since NASCAR replaced the rear wing with the spoiler on the current Sprint Cup cars in late March.
<< Greinke, Butler lead Royals past Reds
Cincinnati, OH (Sportsbook Betting Lines) - Billy Butler went 4-for-5 with a home run,
two doubles and four RBI, and Zack Greinke resembled his 2009 form with a
complete-game gem in the Royals' 7-3 decision over the Reds.
Greinke (2-8) had dr
<< Hawks name Drew head coach
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Hawks have officially named Larry
Drew as the team's next head coach.
Drew, who has been Atlanta's lead assistant for the past six years, takes the
place of Mike Woodson, who was fired at th
<< Report: Florida WR Hammond arrested for DUI
Orlando, FL (Sportsbook Betting Lines) - Florida redshirt sophomore wide receiver
Frankie Hammond Jr. was reportedly arrested Sunday morning and charged with
DUI.
According to the Orlando Sentinel, Hammond has been suspended from all team
<< Garcia-Lopez wins in Eastbourne first round
Eastbourne, England (Sportsbook Betting Lines) - Fifth-seeded Guillermo Garcia-Lopez
edged Marc Gicquel on Sunday as the first round of the grass-court Aegon
International tennis event, a final Wimbledon tuneup, got underway.
Garcia-Lopez ne
Unites States cruises to Curtis Cup title >>
Manchester, MA (Sportsbook Betting Lines) - The United States won its seventh
consecutive Curtis Cup on Sunday after it split the eight singles matches with
the Great Britain & Ireland team.
In great place after a sweep of all six mat
Bernadina helps Strasburg, Nats salvage series with Indians >>
Cleveland, OH (Sportsbook Betting Lines) - Roger Bernadina celebrated his 26th
birthday by going 2-for-2 with a two-run homer and a pair of runs scored as
Washington shut down Cleveland, 9-4, in the finale of this three-game
interle
Pelfrey, homers help Mets complete sweep of O's >>
Baltimore, MD (Sportsbook Betting Lines) - David Wright blasted a pair of two-run
homers and Mike Pelfrey won his fifth game in six starts, as the Mets finished
out a three-game road sweep of the Orioles with an 11-4 win.
Pelfrey (9-1) went si
Posada hits another slam as Yankees sweep Astros >>
Bronx, NY (Sportsbook Betting Lines) - Jorge Posada hit a grand slam for the second
straight game and Phil Hughes picked up his ninth win of the season, as the
Yankees completed a three-game sweep of the Houston Astros with a 9-5 victory.
Posa
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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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