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03/08/2010 - Fort Myers, FL (Sportsbook Betting Lines) - The Boston Red Sox agreed to terms with 13 players on one-year contracts for the 2010 season on Monday. No further terms were disclosed.
Agreeing to terms were pitchers Daniel Bard, Michael Bowden, Clay Buchholz, Felix Doubront, Ramon A. Ramirez and Dustin Richardson; catchers Dusty Brown and Mark Wagner; infielders Aaron Bates, Tug Hulett and Jed Lowrie; and outfielders Jacoby Ellsbury and Josh Reddick.
Bard pitched 49 games out of the bullpen last season and went 2-2 with a 3.65 earned run average.
Buchholz started 16 games last season, his third in the league, and went 7-4 with a 4.21 ERA.
Lowrie battled wrist problems all last season and was limited to just 32 games in his second campaign. He batted just .147 with two homers and 11 RBI.
Ellsbury played his third season last year and hit eight homers with 60 RBI and a .301 batting average.
<< Redskins bring back Rabach
Ashburn, VA (Sportsbook Betting Lines) - The Washington Redskins have re-signed center
Casey Rabach, the team announced Monday.
Rabach has spent the last five seasons with the Redskins and has been
extremely durable, making 79 starts in tha
<< Panthers release FB Hoover
Charlotte, NC (Sportsbook Betting Lines) - The Carolina Panthers have released veteran
fullback Brad Hoover, the team announced Monday.
Hoover has spent all 10 of his NFL seasons with the Panthers, and last season
played in 11 games, serving as
<< Bills sign OL Green
Orchard Park, NY (Sportsbook Betting Lines) - The Buffalo Bills have signed offensive
lineman Cornell Green to a multi-year contract.
Green, who will turn 34 years old this August, spent the last three seasons
with the Oakland Raiders and made 3
<< Chiefs bring back WR Chambers
Kansas City, MO (Sportsbook Betting Lines) - The Kansas City Chiefs re-signed wide
receiver Chris Chambers on Monday. Details of the contract were not
announced.
The 11-year veteran started the last nine games in 2009 and had 36 catch
Bruins' Savard has Grade 2 concussion >>
Boston, MA (Sportsbook Betting Lines) - Boston Bruins forward Marc Savard has a Grade 2
concussion, general manager Peter Chiarelli announced Monday.
There is no timetable for Savard's return. He will be monitored by the Bruins
medical staff and tea
Nuggets' Martin to receive therapy for ailing knee >>
Denver, CO (Sportsbook Betting Lines) - Denver Nuggets forward Kenyon Martin will have
Platelet Rich Plasma therapy on his left knee, the team announced on Monday.
Martin sat out Denver's past two games, wins against Portland on Sunday and
Indian
No. 5 Xavier escapes in OT to win A-10 title >>
Upper Marlboro, MD (Sportsbook Betting Lines) - Amber Harris scored a game-high 23
points to lead the fifth-ranked Xavier Musketeers over the Temple Owls, 57-55,
in overtime of the Atlantic Ten Conference Tournament final.
Special Jennings chip
Cavs F Antawn Jamison leaves game >>
CLEVELAND (AP) -Cavaliers forward Antawn Jamison has left Cleveland's game against San Antonio in the third quarter with stiffness behind his left knee.The Cavaliers provided a vague update on Jamison, who was recently acquired in a trade with Washi
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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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