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02/17/2009 - Boston, MA (Sportsbook Betting Lines) - The Boston Celtics agreed to send guard Sam Cassell to the Kings Tuesday in exchange for a future conditional second-round draft pick.
The trade of Cassell, who has not played a game this season, clears a roster spot for the Celtics. Boston also sent cash considerations to Sacramento.
"Sam was an important piece of our championship team last season," said team president of basketball operations Danny Ainge. "His profound knowledge of the game and his infectious personality will be missed from our locker room. We wish Sam the best of luck."
After coming over from the Clippers late last season, Cassell scored 7.6 points per game in 17 games for the NBA champion Celtics. In 15 seasons, with Houston, Dallas, New Jersey, Phoenix, Milwaukee, Minnesota and Boston, Cassell has averaged 15.7 points and 6.0 assists in 993 career games.
<< AC Milan still hopes to sign Beckham
Milan, Italy (Sportsbook Betting Lines) - AC Milan Chief Executive Adriano Galliani
remains convinced he can agree to a deal to keep David Beckham at the San Siro
before the end of this week.
The 33-year-old England international is currently
<< Federer withdraws from Davis Cup, Dubai
London, England (Sportsbook Betting Lines) - Former world No. 1 superstar Roger Federer
announced that he will skip next week's ATP event in Dubai and Switzerland's
first-round Davis Cup matchup against the host United States next month due to
a back
<< Griffey heading to Atlanta
Atlanta, GA (Sportsbook Betting Lines) - Ken Griffey, Jr. has reportedly decided to play
with Atlanta, rather than return to Seattle, and will soon finalize a deal to
join the Braves for the 2009 season.
According to the Atlanta Journal-Constituti
<< Reds avoid arbitration with Encarnacion
Sarasota, FL (Sportsbook Betting Lines) - The Cincinnati Reds agreed with third baseman
Edwin Encarnacion on a two-year contract, avoiding arbitration.
Terms of the deal were not disclosed.
Encarnacion's arbitration hearing had been scheduled for
Hamburg interested in re-signing Van der Vaart >>
Hamburg, Germany (Sportsbook Betting Lines) - Hamburg coach Martin Jol has hinted his
club may try to re-sign Dutch midfielder Rafael van der Vaart from Real Madrid
in the summer.
The 26-year-old has made just 14 starts for Real since his arrival
Marlins extend manager Gonzalez >>
Jupiter, FL (Sportsbook Betting Lines) - Florida Marlins manager Fredi Gonzalez received
a contract extension through the 2011 season on Tuesday.
Gonzalez has spent the last two seasons with the Marlins and has a 155-168
record. The 45-year-old gu
Cavs' Wallace injures forearm >>
Cleveland, OH (Sportsbook Betting Lines) - Cleveland Cavaliers forward/center Ben
Wallace suffered lacerations to his right forearm from broken glass while
having a football catch in Richmond, Virginia, over All-Star Weekend.
The 6-foot-9
Stars' Richards out 6-to-8 weeks with broken wrist >>
Frisco, TX (Sportsbook Betting Lines) - Dallas Stars center Brad Richards broke his
right wrist in Monday's 3-2 win against the Columbus Blue Jackets and will
miss the next 6-to-8 weeks.
He left the game in the second period after being dri
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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