Clarkson re-ups with Devils
Hockey Betting Lines
06/30/2010 - Newark, NJ (Sportsbook Betting Lines) - The New Jersey Devils have re-signed right winger David Clarkson to a multi-year contract.
According to the New York Post, the new deal will pay the 26-year-old Clarkson $8 million over three years.
Clarkson had his 2009-10 campaign interrupted by a broken leg that he sustained blocking a shot from Boston's Zdeno Chara on November 27.
The Ontario native finished with 11 goals and 13 assists in 46 games for the Devils. He was held pointless in five playoff games as the Atlantic Division champs were eliminated in the first round by Philadelphia.
Clarkson has registered 40 goals and 42 assists in 216 career games, all with New Jersey.
He was set to become a restricted free agent on Thursday.
Watkins Glen, NY (Sportsbook Betting Lines) - Series: IZOD IndyCar. Date: Sunday, July 4. Race: Camping World Grand Prix at The Glen. Site: Watkins Glen International. Track: 3.4-mile, 11-turn road course. Start Time: 3:30 p.m. (et). Laps: 60. Miles: 204
<< Report: Moss out as Coyotes' president
Toronto, ON (Sportsbook Betting Lines) - The NHL has reportedly fired Douglas Moss as
president of the Phoenix Coyotes.
According to TSN.ca, Moss will be replaced by Mike Nealy, who joined the
Coyotes in 2006 and served as an executive vice
<< New Nationwide Series car makes debut at Daytona
Daytona Beach, FL (Sportsbook Betting Lines) - Series: NASCAR Nationwide. Date: Friday,
July 2. Race: Subway Jalapeno 250. Site: Daytona International Speedway.
Track: 2.5-mile tri-oval. Start time: 8:00 p.m. (et). Laps: 100. Miles: 250.
2009 winner: Den
<< Berdych ousts Federer; Nadal into Wimbledon semis
Wimbledon, England (Sportsbook Betting Lines) - Big Czech Tomas Berdych posted the
biggest win of his career on Wednesday by surprising six-time champion Roger
Federer in four sets in the Wimbledon quarterfinals. Former champion Rafael
Nadal avoided
<< This Week in Auto Racing July 2 - 4
Daytona Beach, FL (Sportsbook Betting Lines) - NASCAR returns to "The World Center of
Racing," while the IZOD IndyCar Series visits the "Finger Lakes" region in
upstate New York this Fourth of July weekend.
NASCAR
Sprint Cup Series
Coke Z
Daytona Beach, FL (Sportsbook Betting Lines) - Series: NASCAR Sprint Cup. Date: Saturday, July 3. Race: Coke Zero 400. Site: Daytona International Speedway. Track: 2.5-mile tri-oval. Start time: 7:30 p.m. (et). Laps: 160. Miles: 400. 2009 winner: Tony St
Rueck named Oregon State women's hoops coach >>
Corvallis, OR (Sportsbook Betting Lines) - Oregon State has hired Scott Rueck as its
next head women's basketball coach, the school announced Wednesday.
Rueck spent the last 14 seasons at George Fox University, compiling a 288-88
record during
Rivers to return for one more season >>
Boston, MA (Sportsbook Betting Lines) - Doc Rivers is apparently coming back to coach
the Boston Celtics for one more year.
The Boston Herald reported Wednesday that a source close to the situation
indicated that Rivers, who is in the final
Oilers, Coyotes swap players >>
Edmonton, AB (Sportsbook Betting Lines) - The Edmonton Oilers on Wednesday acquired
defenseman Jim Vandermeer from the Phoenix Coyotes in exchange for forward
Patrick O'Sullivan.
Vandermeer, 30, registered four goals and 12 points in 62
Rays activate Kapler >>
Boston, MA (Sportsbook Betting Lines) - The Tampa Bay Rays have activated outfielder
Gabe Kapler from the 15-day disabled list on Wednesday.
Kapler had been sidelined since June 12 with a right hip flexor strain. In 38
games this season, he is ba
Sportsbooks to bet on football
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.