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07/29/2010 - Umag, Croatia (Sportsbook Betting Lines) - Rain washed away Thursday's second-round schedule at the clay-court Croatia Open.
Second-seeded French Open semifinalist Jurgen Melzer of Austria was scheduled to face Czech Jan Hajek and third-seeded Croatian hero Ivan Ljubicic was slated to meet fellow countryman Ivan Dodig, but those affairs were pushed back to Friday at ITC Stella Maris.
Two other second-round matches were also postponed on Day 4.
On Friday, quarterfinal matches will come for top-seeded Russian Nikolay Davydenko and fourth-seeded Spaniard Juan Carlos Ferrero. Davydenko defeated the former world No. 1 Ferrero in last year's Umag championship match.
The world No. 6 Davydenko will face eighth-seeded Argentine Juan Ignacio Chela, while Ferrero will encounter sixth-seeded Ukrainian Alexandr Dolgopolov.
<< Schiavone ousted in Istanbul
Istanbul, Turkey (Sportsbook Betting Lines) - French Open champion Francesca
Schiavone was a second-round loser Thursday at the $220,000 Istanbul Cup
hardcourt tennis event.
Britain's Elena Baltacha sent the top-seeded Schiavone pa
<< No-brainer for both Phils and Oswalt
(Sportsbook Betting Lines) - It is hard to argue against the Philadelphia Phillies'
acquisition of Houston righty Roy Oswalt, especially considering they received
some money from the Astros and did not have to exercise his 2012 option.
In fact, it is
<< Mets take rubber match from Cards thanks to Dickey, Davis
Flushing, NY (Sportsbook Betting Lines) - Rookie Ike Davis hit a three-run homer and
knuckballer R.A. Dickey went 8 1/3 innings, as the New York Mets earned a 4-0
win over the St. Louis Cardinals in the rubber match of a three-game set at
Citi Fi
<< Kentucky Derby and Preakness winners headline Haskell
Oceanport, NJ (Sportsbook Betting Lines) - The two leading three-year-old colts in the
country top a field of eight for Sunday's $1 million Haskell Invitational at
Monmouth Park. Kentucky Derby winner Super Saver and Preakness champ Lookin At
Lucky w
Tseng and Hull lead Women's British Open >>
South Port, England (Sportsbook Betting Lines) - Yani Tseng and Katherine Hull both
posted rounds of four-under 68 on Thursday to share the first-round lead of
the Women's British Open at Royal Birkdale.
Tseng and Hull both eagled the last
Oswalt traded to Phillies >>
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Phillies completed their
trade for Roy Oswalt on Thursday, acquiring the pitcher from the Houston
Astros.
The Phillies also received cash considerations, and sent pitcher J.A. Happ
Seahawks sign free agent G Pitts >>
Renton, WA (Sportsbook Betting Lines) - The Seattle Seahawks have signed free agent
guard Chester Pitts.
Though terms of the deal were not disclosed by the club, the Seattle Post-
Intelligencer reported on Thursday that Pitts was br
Sabres' Kennedy awarded one-year deal >>
Buffalo, NY (Sportsbook Betting Lines) - Buffalo Sabres forward Tim Kennedy was awarded
a one-year contract worth $1 million by an arbitrator on Thursday.
Per guidelines set in the NHL's current Collective Bargaining Agreement, the
Sabres cannot
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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