02/08/2010 - New Orleans, LA (Sportsbook Betting Lines) - Less than 12 hours after the New Orleans Saints captured Super Bowl XLIV, the other champion residing in the Big Easy took to the track for a jog.
Horse of the Year Rachel Alexandra took a jog around the Fair Grounds early Monday morning. The four-year-old filly galloped around the track as she prepares for her first race of 2010.
Monday's gallop came just two days after Rachel worked four-furlongs with exercise rider Dominic Terry. In Saturday's workout the double Eclipse Award winner covered the half-mile in 50 3/5 seconds.
"She's very special," said trainer Steve Asmussen on Saturday. "I thought she looked beautiful. She went :50 3/5 today off of her :52 the other day. I think that's pretty much the progression that we're expecting."
Last Thursday at Oaklawn Park it was announced that the Arkansas track will increase the purse for the Apple Blossom Stakes from $500,000 to $5 million if both Rachel and champion mare Zenyatta start in the April 13 race.
While the owners of both thoroughbreds have expressed interest in the offer, none have committed themselves to the race.
Rachel Alexandra is co-owned by Jess Jackson and Harold McCormick, and Zenyatta is owned by Jerry and Ann Moss.
Zenyatta, who is stabled at Hollywood Park, won the 2008 Apple Blossom while Rachel won two stakes last year at Oaklawn Park.
<< Gainey steps down as Canadiens GM, Gauthier takes over
Montreal, QC (Sportsbook Betting Lines) - Montreal Canadiens general manager Bob Gainey
has decided to step down from his post and hand the reins over to Pierre
Gauthier, the club announced on Monday.
"After a long and difficult period of
<< Brewers to honor Selig with statue
Milwaukee, WI (Sportsbook Betting Lines) - The Milwaukee Brewers announced Monday that
they will honor former owner and current baseball commissioner Bud Selig with
a statue at Miller Park.
It will be the third statue built at Miller Park, joining
<< This Week in Golf - February 11th through February 14th
Philadelphia, PA (Sportsbook Betting Lines) - PGA TOUR - AT&T PEBBLE BEACH NATIONAL PRO-
AM, Pebble Beach Golf Links, Monterey Peninsula Country Club Shore Course,
Spyglass Hill Golf Course, Pebble Beach, California - It's one of most popular
eve
<< Pacers' Foster to have season-ending back surgery
Indianapolis, IN (Sportsbook Betting Lines) - Indiana Pacers forward/center Jeff Foster
will undergo season-ending surgery for lower back pain following the All-Star
break.
Foster is expected to make a full recovery and participate in training camp
Carr re-signs with Fire >>
Bridgeview, IL (Sportsbook Betting Lines) - Calen Carr has re-signed with the Chicago
Fire for his fifth season in Major League Soccer.
In four seasons in Chicago, Carr has appeared in 68 games, including 15
starts, while tallying six goals
Soderling, Robredo win Rotterdam openers >>
Rotterdam, The Netherlands (Sportsbook Betting Lines) - French Open runner-up Robin
Soderling and fifth-seeded Tommy Robredo highlighted Monday's first-round
winners at the $2 million ABN AMRO World Tennis Tournament.
The third-seeded Sode
Browns release Stallworth >>
Berea, OH (Sportsbook Betting Lines) - The Cleveland Browns have officially parted
ways with troubled wide receiver Donte' Stallworth, terminating his contract
Monday less than 24 hours after his season-long suspension was lifted.
NFL Commiss
Wizards/Hawks rescheduled for March 11 >>
Washington, DC (Sportsbook Betting Lines) - The Washington Wizards home game against
the Atlanta Hawks, postponed Saturday to a blizzard in the nation's capital,
has been rescheduled for March 11 at the Verizon Center.
Both teams were unable to
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 sportsbook 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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