Wwceltics Baseball Betting News

<< Wizards get Hinrich from Bulls
Washington, DC (Sportsbook Betting Lines) - The Washington Wizards have acquired guard Kirk Hinrich, the draft rights to Kevin Seraphin and cash considerations from the Chicago Bulls in exchange for Vladimir Veremeenko. The deal was put together

<< Morneau, Young day-to-day for Twins
Toronto, ON (Sportsbook Betting Lines) - Twins All-Star first baseman Justin Morneau, along with outfIelder Delmon Young, are listed as day-to-day due to injuries suffered in Wednesday's game against the Blue Jays. Morneau, who will appear in h

<< Johnson stays with Hawks
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Hawks have officially re-signed unrestricted free agent guard Joe Johnson. As per team team policy, no terms of the deal were announced. However, the Atlanta Journal-Constitution quoted Arn

<< Hanley Ramirez added to Home Run Derby
NEW YORK (AP) -Florida shortstop Hanley Ramirez has been added to the Home Run Derby during the All-Star break.The 2009 NL batting champion will participate in his first derby on Monday in Anaheim, Calif. He had 13 home runs entering the Marlins' ga

Durant officially inks extension with Thunder >>
Oklahoma City, OK (Sportsbook Betting Lines) - Forward Kevin Durant has officially signed a multi-year contract extension with the Oklahoma City Thunder. The deal is reportedly for five years. "Today is an exciting and important day in

Chappell shoots 61 for Nationwide lead >>
Clarksburg, ON (Sportsbook Betting Lines) - Kevin Chappell fired an 11-under 61 on Thursday to take the first-round lead at the Ford Wayne Gretzky Classic. Chappell's 61 matched the course record at Raven Golf Club and earned him a two-shot lead over

Ainge: Forget LeBron, Celtics team to beat in East >>
Boston Celtics general manager Danny Ainge wasn't worried about The Decision.He's got his team back.``We're the Eastern Conference champions,'' Ainge said Thursday. ``And we think we're going to be better next year.''Ainge confirmed that the Celtics

LeBron James makes his pick: He's going to Miami >>
LeBron James has made his decision. He's going to join Dwyane Wade and Chris Bosh with the Miami Heat.James made his long-awaited announcement in a hastily arranged ESPN special Thursday night in Greenwich, Conn., and James wasted no time in making

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.

MySportsbook features easy-to-use online betting software that’s the most reliable in the industry. If you’re looking to bet underdogs, then this Sportsbook is the place - we have the best betting lines in the business. MySportsbook is your one-stop shop for all your betting needs - sports betting, poker, casino, and horse racing . MySportsbook offers every bet type with lightning fast settlement of wagers. Take advantage of free statistical analysis - including against-the-spread and straight-up trends - in MySportsbook’s game previews section. With MySportsbook there are unlimited free deposits and payouts - and no transaction fees!

To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.