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08/30/2010 - New York, NY (Sportsbook Betting Lines) - Richard's Kid's second straight win of the Pacific Classic catapulted him into 10th place in this week's NTRA National Thoroughbred Poll. The five-year-old had not received one vote the previous week.
Trained by Bob Baffert, Richard's Kid joined Tinner's Way and Skimming as the only two-time winners of Del Mar's signature race. The five-year-old received 21 points to put him into the top 10, replacing Life At Ten who was third in Sunday's Personal Ensign Stakes.
Two-time champion mare Zenyatta remains solidly in first-place with 14 top votes and 181 points.
Quality Road (133 points) and Lookin At Lucky (130) hold steady in third and fourth, respectively.
Blind Luck (101) and Paddy O'Prado (43) each advanced one spot in the poll, taking advantage of Sunday's loss by 2009 Horse of the Year Rachel Alexandra.
Rachel Alexandra suffered a one-length defeat to Persistently in the Personal Ensign at Saratoga. Rachel's point total fell from 113 to 36 to drop her into seventh.
Two-time Eclipse Award winner Gio Ponti (24) and five-year-old mare Proviso (22) retained their respective places in eighth and ninth.
<< Missouri running back charged with sexual assault
Columbia, MO (Sportsbook Betting Lines) - Suspended Missouri running back Derrick
Washington has been charged with deviate sexual assault.
The Columbia Daily Tribune reports that official charges were filed Monday.
Washington had been suspen
<< Kuchar up to 10th in world rankings
Philadelphia, PA (Sportsbook Betting Lines) - Matt Kuchar's playoff victory Sunday over
Martin Laird at The Barclays vaulted Kuchar up to 10th in this week's world
golf rankings.
Kuchar jumped up 13 places to his highest-ever ranking.
Tiger Wo
<< Baggies add Scharner on free transfer
West Bromwich, England (Sportsbook Betting Lines) - West Bromwich announced the signing
of Paul Scharner on a two-year contract on Monday.
The 30-year-old Scharner joined on a free transfer after leaving Wigan at the
end of last season, and Baggie
<< Fabiano signs Sevilla extension
Seville, Spain (Sportsbook Betting Lines) - Luis Fabiano pledged his future to Sevilla
through June 2013 on Monday when he signed a two-year contract extension,
which brings to an end any speculation about a move away from the club.
Fabiano's p
Hannover inks USA international Beasley >>
Hannover, Germany (Sportsbook Betting Lines) - Hannover has completed the signing of
American winger DaMarcus Beasley on a two-year contract, the club announced on
Monday.
Beasley, 28, was available on a free transfer following the expiration of
Clemens pleads not guilty at arraignment >>
Washington, DC (Sportsbook Betting Lines) - Roger Clemens has pleaded not guilty to
charges of lying to Congress about alleged use of performance-enhancing drugs.
Clemens was indicted earlier this month and has been charged with three counts
of m
Montero earns MLS Player of the Week award >>
New York, NY (Sportsbook Betting Lines) - Seattle Sounders FC forward Fredy Montero was
voted Major League Soccer Player of the Week for Week 22 of the 2010 MLS
season on Monday.
Montero scored both of Seattle's goals in a 2-1 comeback win ove
Bautista named AL Player of the Week >>
New York, NY (Sportsbook Betting Lines) - Toronto Blue Jays outfielder Jose Bautista has
been named the Player of the Week for the American League for the period
ending August 29.
In seven games last week, Bautista led the American League with a
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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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