<< Favre traded to Jets
Green Bay, WI (Sportsbook Betting Lines) - The Green Bay Packers reached an agreement to trade quarterback Brett Favre to the New York Jets late Wednesday night. Though the Packers did not release terms of the trade, the Gree

<< Ellsbury, Red Sox blast Royals
Kansas City, MO (Sportsbook Betting Lines) - Jacoby Ellsbury went 3-for-4 with a three- run homer and scored twice as the Boston Red Sox routed the Kansas City Royals, 8-2, in the rubber match of a three-game set. Tim Wakefield (7-8) pitched s

<< Fish, Safin advance in Los Angeles
Los Angeles, CA (Sportsbook Betting Lines) - Fifth-seeded Russian Marat Safin and sixth-seeded American Mardy Fish advanced, while second-seeded Spaniard Fernando Verdasco fell in Wednesday's second-round action at the $475,000 Country

<< Youkilis leaves game with injured hand
Kansas City, MO (Sportsbook Betting Lines) - Boston Red Sox first baseman Kevin Youkilis left in the first inning of Wednesday's game against the Kansas City Royals with a right hand injury after being hit by a pitch. The injury is listed a

Veteran D Hill headed to Switzerland >>
St. Paul, MN (Sportsbook Betting Lines) - Former NHL defenseman Sean Hill signed a one- year contract to play for Biel of the EHC Swiss hockey league on Thursday. Hill played in 35 games for the Minnesota Wild last season, scoring twice with seven as

Favre officially joins Jets >>
Cleveland, OH (Sportsbook Betting Lines) - Brett Favre officially joined the New York Jets Thursday in a press conference before the team's preseason game in Cleveland. Favre was traded to the Jets for a 2009 conditional draft pick. Acc

Red Sox minor leaguer suspended >>
New York, NY (Sportsbook Betting Lines) - Major League Baseball suspended Boston Red Sox minor leaguer Victor De La Cruz 50 games after the pitcher tested positive for Stanozolol, a performance-enhancing substance, in violation of the Minor League

Kansas State gives coach a Prince of a deal >>
Manhattan, KS (Sportsbook Betting Lines) - Kansas State announced Thursday that head football coach Ron Prince agreed to a new multi-year contract, keeping him with the school through the 2012 season. The new five-year deal is retroactive to

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.

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 sportsbook got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.

MySportsbook.com betting odds favor Europe in 2007 Ryder Cup

September 19, 2007 – Despite holding a decided edge in the all-time series, with 24 wins, 2 ties and 10 losses, Team USA is the underdog again heading into the Ryder Cup in Kidare, Ireland this weekend, according to MySportsbook.com.  The Europeans have captured four of the past five editions, including their largest victory ever, an 18 ½ to 9 ½ thumping in Michigan in 2004. Current betting odds on the 2007 Ryder Cup favor the Europeans to continue their winning ways; they are a 4-5 bet to take the title, compared to 6-5 for the Americans. 

Despite being knocked out in the first round of World Match play by Shaun Micheel, Tiger Woods is predicted to lead the US charge and be their highest point scorer for the week, with odds listed at 9-4 that he outpoints all other American players, including Jim Furyk, Phil Mickelson and Chris DiMarco to  name a  few.  Team USA has four relatively unknown players on the roster but all four are 2007 tournament winners and have posted some of season’s best performances, each earning over $1.5 million on the PGA TOUR.  They include Zach Johnson, Vaughan Taylor, JJ Henry and Brett Wetterich.

The experienced European squad includes the likes of Luke Donald, Sergio Garcia, Padraig Harrington, Jose Maria Olazabal and Darren Clarke, who’s emotions will be tested after the passing of his wife to a battle with cancer.  Donald and Garcia are in particularly good form and each is a 5-1 bet to lead the European squad in the points race. Donald has proven he can go head to head with Woods at a major event after a run for the $1.2 million purse at the PGA Championship. Garcia’s Ryder Cup credentials prove he’s ready for battle too.

To visit this online sportsbook got to MySportsbook.com for all your golf sportsbook needs.

To visit this online sportsbook got to MySportsbook.com