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Motor City BluesBasketball Betting Lines07/02/2009 - (Sportsbook Betting Lines) - I've always thought of sports as the ultimate form of escapist entertainment. And a whole lot of people need to "escape" right about now. It was announced Thursday that the nation's employers cut a larger-than- expected 467,000 jobs in June, and the unemployment rate climbed to a 26-year high of 9.5 percent. All told, 14.7 million Americans were unemployed in June. Perhaps no city has been hit harder than Detroit, where the economic recession has left the Motor City with an astounding 22 percent unemployment rate, over two times the national average. It wasn't always like that. Once upon a time, moving to Detroit was like winning the middle-class lottery. People with little or no real education were able to get jobs in the auto industry and in turn garner nice pay, great benefits and a solid pension. It was the very definition of the "American Dream," for so many. Increased competition from foreign companies, the unyielding demands of the powerful unions and flat out mismanagement at the very top collapsed the entire auto industry from within, leaving a crumbling city both politically and fiscally. Inasmuch, the people of Motown could use an "escape." In recent years, the Pistons have been great at providing a few hours of escapist entertainment. Six straight trips to the Eastern Conference finals made late spring basketball a birthright for a generation of hoops fans... Until last year. Convinced his veteran-laden team was stale and couldn't get over the ultimate hump, Pistons president Joe Dumars pushed the plunger and blew up his team. The results were disastrous. Joe D. jettisoned the underrated Flip Saunders for the untested and unproven Michael Curry, and compounded that mistake with the ill-conceived Chauncey Billups-Allen Iverson trade. Curry's decision to bench veteran stalwart Rip Hamilton in favor of Iverson was not well-received by his team. Gone was Detroit's legendary balance, defensive prowess and chemistry, not to mention the run of six straight trips to the East finals. In his first year directing the perennial championship contenders, Curry led the Pistons to just a 39-43 record, good for the No. 8 seed in the Eastern Conference. Detroit was then quickly swept in the first round of the playoffs by the top-seeded Cavaliers, who won each game by double digits. Needless to say, this is a big summer for Dumars. First, the Hall of Famer did an about-face Tuesday and fired Curry, just two months after he had held a press conference to confirm that his embattled coach would return to the Motor City in 2009-10. Then the team - which did acquire plenty of cap space in the Iverson deal - dove into free agency headfirst on Wednesday, reportedly agreeing to deals with a pair of former UConn stars, sharp-shooting guard Ben Gordon, late of the Chicago Bulls, and emerging forward Charlie Villanueva, formerly of the Milwaukee Bucks. Gordon, an offensive-minded two-guard just like Iverson, had been on the Pistons' radar for quite some time and is a much better fit than the former MVP. "Ben agreed to come here knowing he would come off the bench," a source told NBA.com. "That makes it completely different than Iverson coming here...Gordon is choosing to come here and play the super sub role." Villanueva, meanwhile, became available after Milwaukee inexplicably declined to make him a qualifying offer on Monday. Now, Detroit will feature a three-guard rotation of Rodney Stuckey, Hamilton and Gordon, with Tayshaun Prince at small forward and Villanueva at power forward. The problem is the pivot, where battle-tested veterans Rasheed Wallace and Antonio McDyess are both expected to move on, leaving the perpetually underachieving Kwame Brown as the only current option. Like the city they play in, the Pistons are still a long way away from their glory days. But Dumars' dealings may have provided something far more important than any championship trophy -- a welcome distraction for an embattled fan base.
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Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Thrashers signed unrestricted free agent forward Nik Antropov to a multi-year contract Thursday. Terms of the deal were not disclosed, per team policy. The 29-year-old compiled career-highs
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Sportsbooks to bet on footballRecently 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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