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08/18/2009 - Philadelphia, PA (Sportsbook Betting Lines) - In Philadelphia the sports reports have been dominated by Michael Vick. His signing by the Eagles has also filled a sizable block of the overall news programs.
It didn't take long for a defender of Vick to call a sports-talk show equating dogfighting with horse racing. The caller tried to say that horses are just as poorly treated as the dogs Vick and his associates tortured and killed.
As soon as the caller mentioned horse racing I changed the station. The program host did not interrupt the caller to tell him how wrong he was to mention horse racing being equal to dogfighting.
First off, horse racing is legal. It's a well regulated sport in the United States with committed individuals involved in the industry. People in the sport care about the horses, with an extremely small percentage outside the mainstream.
The caller mentioned that racehorses, no longer able to race, are cruelly killed. I nearly hit the roof. Horse racing is continually working to improve the fate of horses that are no longer able to compete.
There are new style riding crops being used throughout the racing industry. These equine friendly riding crops are made to encourage the horse through sound and not pain.
"The padded flap is much kinder to the horse," said Hall of Fame jockey Edgar Prado. "Jockeys across the country have been using the new riding crops on a trial basis for quite a while, and in Kentucky the new riding crop is the standard. In New York, now is the right time to make that change and Saratoga is the proper place."
Jockeys at Saratoga will begin using the riding crop on Wednesday, August 19 following the lead of Monmouth Park and Del Mar earlier this summer.
"The New York jockeys, like the Del Mar jockeys last week, deserve the credit for being proactive in adopting this measure," said Terry Meyocks, national manager of the Jockeys' Guild. "This action is an example of the commitment of the jockeys to work with all groups in the industry to help overcome the challenges facing it. In New York, the jockeys want to continue to work with NYRA to strengthen the racing industry in the state."
Basically, I needed to write this column just to let off some steam. Horse racing may not be perfect, but everyone involved is working to improve the sport and the care of the beautiful animals that keep us coming back.
<< Red Wings ink Bertuzzi
Detroit, MI (Sportsbook Betting Lines) - The Detroit Red Wings have signed free agent
forward Todd Bertuzzi to a one-year contract.
Financial terms of the deal were not disclosed.
Bertuzzi will join the Wings for the second time in his checkere
<< 11th Solheim Cup Preview
Philadelphia, PA (Sportsbook Betting Lines) - Out of nowhere, ladies and gentlemen, it's
the Solheim Cup.
The reason this is out of nowhere is that it has been three weeks since the
last time the LPGA Tour played, in the Women's British Open, which wa
<< Bikey seals switch to Burnley
Burnley, England (Sportsbook Betting Lines) - Burnley has signed defender Andre Bikey
from Reading for an undisclosed fee.
The 24-year-old Cameroon international has agreed a three-year contract at
Turf Moor and could make his Premier Leagu
<< Calgary's Copeland among CFL weekly award winners
Toronto, ON (Sportsbook Betting Lines) - Calgary Stampeders wide receiver Jeremaine
Copeland, Saskatchewan Roughriders defensive end John Chick, Toronto Argonauts
kicker Justin Medlock and BC Lions slot back Paris Jackson were named the
CFL's t
Dallas acquires Honduran Chavez on loan >>
Frisco, TX (Sportsbook Betting Lines) - FC Dallas acquired Honduran forward/midfielder
Marvin Chavez on loan from Club Deportivo Marathon of the Honduras Primera
Division on Tuesday.
Chavez will officially join Dallas pending a medical exam an
Hewitt wins; Verdasco exits Cincy Masters >>
Mason, OH (Sportsbook Betting Lines) - Former world No. 1 Lleyton Hewitt posted an
opening-round win Tuesday at the $3 million Western & Southern Financial
Masters.
The unseeded Hewitt came from behind to upset 12th-seeded French Open runner-
u
Raptors send Delfino to Bucks >>
Toronto, ON (Sportsbook Betting Lines) - The Toronto Raptors sent forward Carlos
Delfino and guard Sonny Weems to the Milwaukee Bucks in exchange for forward
Amir Johnson and guard Roko Ukic on Tuesday.
The Raptors had to sign Delfino before
Orioles promote 1B Aubrey, RHP Mickolio >>
St. Petersburg, FL (Sportsbook Betting Lines) - The Baltimore Orioles promoted first
baseman Michael Aubrey and reliever Kam Mickolio from Triple-A Norfolk on
Tuesday.
The 27-year-old Aubrey, who was acquired in June from Cleveland for a pl
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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