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03/07/2010 - Ashburn, VA (Sportsbook Betting Lines) - The Washington Redskins bolstered their offensive line by signing veteran guard Artis Hicks on Saturday.
The deal is reportedly for three years and worth as much as $9 million.
Hicks has played for Philadelphia and Minnesota during his seven-year NFL career, starting in 58 of the 94 games he's played in. He played in all 16 contests last year for the Vikings, making three starts.
The Redskins have turned the tables on their offensive line. Veteran left tackle Chris Samuels announced his retirement earlier in the week and the team also release guard Randy Thomas.
<< Sharks rally in third to down Blue Jackets
San Jose, CA (Sportsbook Betting Lines) - Evgeni Nabokov made 21 stops, and San Jose
rallied in the third period to take a 2-1 win over the Columbus Blue Jackets
at HP Pavilion.
Dany Heatley and Joe Pavelski each had a goal for the Sharks, who h
<< Montreal doubles up Los Angeles
Los Angeles, CA (Sportsbook Betting Lines) - Brian Gionta and Benoit Pouliot each had a
goal and an assist in Montreal's 4-2 win over the Los Angeles Kings.
Tomas Plekanec and Dominic Moore also scored for the Canadiens, who bounced
back from a
<< Bucks topple Cavs; James rests
Milwaukee, WI (Sportsbook Betting Lines) - Brandon Jennings led five Milwaukee players
in double figures with 25 points on 5-of-7 from beyond the arc, as the Bucks
took down the Cleveland Cavaliers, minus LeBron James, 92-85, at the Bradley
Center.
<< Big Sky Conference Tournament Recaps
Bozeman, MT (Sportsbook Betting Lines) - Melvin Jones sunk a three-pointer with 3.7
seconds remaining in regulation, sending the sixth-seeded Portland State
Vikings to a 68-65 victory over the third-seeded Montana State Bobcats in the
quarter
Teenager Seung-yul Noh wins Malaysian Open >>
Kuala Lumpur, Malaysia (Sportsbook Betting Lines) - Seung-yul Noh got up and down for
birdie on the final hole Sunday to fend off K.J. Choi and win the Malaysian
Open by a single stroke.
The South Korean Noh shot four-under 68 and completed his
Vokoun stops 31 in win over Carolina >>
Sunrise, FL (Sportsbook Betting Lines) - Tomas Vokoun's 31 saves set the tone for
Florida's 4-1 victory to snap the Carolina Hurricanes' seven-game win streak
at Bank Atlantic Center.
Kamil Kreps scored twice, including an empty-net goal,
Youzhny sends Russia into Davis Cup quarters >>
Moscow, Russia (Sportsbook Betting Lines) - Mikhail Youzhny crushed Somdev Devvarman in
Sunday's first reverse singles rubber to send host Russia into the 2010 Davis
Cup quarterfinals. Youzhny's win gave the Russians, who ultimately prevailed
3-2, an
Spartans can claim share of Big Ten title with win over Wolverines >>
East Lansing, MI (Sportsbook Betting Lines) - Bitter Big Ten Conference rivals close out
the regular season against each other this afternoon in East Lansing, as the
Michigan Wolverines come calling on the 11th-ranked Michigan State Spartans.
Michigan
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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