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07/14/2010 - Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Braves acquired shortstop Alex Gonzalez from the Toronto Blue Jays on Wednesday in a five-player trade.
The Braves sent shortstop Yunel Escobar and pitcher Jo-Jo Reyes to Toronto and also acquired minor league pitcher Tim Collins and minor league shortstop Tyler Pastornicky.
Gonzalez, 33, is batting .259 with 17 home runs and 50 RBI over 85 games this season, his 12th in the majors. He is just six off from his career high in homers while he is 29 RBI back of his career high in that category.
Escobar, 27, had been with Atlanta his entire four-year career in the majors. Over 75 games this season, he is batting .238 with 19 RBI.
Over four seasons with Atlanta, Reyes is 5-15 with a 6.40 earned run average over 41 games (37 starts).
<< Suns get Childress from Atlanta
Atlanta, GA (Sportsbook Betting Lines) - The Phoenix Suns have acquired guard Josh
Childress from the Atlanta Hawks in a sign-and-trade deal for a future second-
round draft pick.
In addition to the draft pick, Atlanta will get a trade exception to us
<< Report: Nets tab Billy King to run basketball operations
New York, NY (Sportsbook Betting Lines) - The New Jersey Nets are reportedly set to hire
Billy King to oversee the team's basketball operations.
King had formerly been general manager of the Philadelphia 76ers, but was
fired by team chairman Ed Snider
<< AP source: Timberwolves agree to deal with Ridnour
MINNEAPOLIS (AP) -A person with knowledge of the negotiations tells The Associated Press that the Minnesota Timberwolves have agreed to a four-year, $16 million deal with free agent point guard Luke Ridnour.The person spoke Wednesday on condition of
<< Former 76ers executive Billy King to replace Thorn
EAST RUTHERFORD, N.J. (AP) -Billy King is the New Jersey Nets' new general manager.King was hired Wednesday to replace Rod Thorn as the team's top executive, new owner Mikhail Prokhorov announced in a release.Thorn is stepping aside as president and
Johnson resigns as Vandy football coach >>
Nashville, TN (Sportsbook Betting Lines) - Vanderbilt's athletic department has called a
press conference for 2 p.m. (et) at which time head football coach Bobby
Johnson is expected to announce his resignation.
The Tennessean first reported the decisi
Del 'Cap features six top females >>
Stanton, DE (Sportsbook Betting Lines) - Saturday's $750,000 Delaware Handicap has
attracted six of the leading female thoroughbreds in the nation. The winner of
the 1 1/4-mile race gains automatic entry into this year's Breeders' Cup
Ladies'
"Birdman" has second surgery of offseason >>
Denver, CO (Sportsbook Betting Lines) - The Denver Nuggets announced forward-center
Chris Andersen underwent surgery on Wednesday to repair a torn ligament in
his left ring finger.
A release from the team indicated Andersen broke the fin
Sportswriter headlines Meadowlands Pace >>
East Rutherford, NJ (Sportsbook Betting Lines) - Sportswriter, winner of the North
America Cup, will take on nine rivals in Saturday's $1 million Meadowlands
Pace at The Meadowlands. The field of 10 three-year-old pacers will leave the
startin
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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