Newyorkjers Baseball Betting News

<< Soul name Mike Hohensee head coach
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Soul named Mike Hohensee as the team's head coach for when they return to the Arena Football League in 2011. The Soul, who won the ArenaBowl in 2008 before the AFL folded, will return t

<< Arena Football League commissioner Kurz to return in 2011
Tulsa, OK (Sportsbook Betting Lines) - Arena Football League commissioner Jerry B. Kurz had his contract extended Tuesday and will return for the 2011 season. "I couldn't be more pleased to continue to lead the resurgence of the Arena Football Le

<< Lomg-time Stamps physician Murphy passes away
Calgary, AB (Sportsbook Betting Lines) - Calgary Stampeders physician Dr. Vince Murphy has passed away at the age of 87, the team announced Tuesday. Dr. Murphy was associated with the Stampeders since 1957. A release from the team said Murphy pass

<< BYU officially announces football independence, will join WCC
Provo, UT (Sportsbook Betting Lines) - Brigham Young University officially announced its resignation from the Mountain West Conference, effective June 30, 2011, in its quest to become a football independent next season. The Cougars will re-join the We

Rangers acquire OF Francoeur from Mets >>
Kansas City, MO (Sportsbook Betting Lines) - Just prior to the waiver trade deadline, the Texas Rangers bolstered their outfield depth with the acquisition of Jeff Francoeur from the New York Mets. Francoeur confirmed to reporters after Tuesday

Marlins beat Nationals, 1-0, in extras >>
Miami, FL (Sportsbook Betting Lines) - Chad Tracy's game-winning RBI single in the bottom of the 10th inning produced the only run of the game, as the Florida Marlins edged the Washington Nationals in the middle installment of a three- game se

Votto, Reds increase NL Central lead with win over Brewers >>
Cincinnati, OH (Sportsbook Betting Lines) - Joey Votto doubled twice and drove in three runs, as the National League Central-leading Cincinnati Reds handled the Milwaukee Brewers, 8-4, in the second of a three-game set at Great American Ball Pa

Yanks take over first place with rout of A's >>
Bronx, NY (Sportsbook Betting Lines) - Mark Teixeira hit his 30th home run of the season -- a three-run shot -- as the Yankees lit up Oakland pitching for three home runs for the second straight game in a 9-3 victory that netted New York sole po

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.