Uggets Basketball Betting News

<< Bears release RB Jones
Lake Forest, IL (Sportsbook Betting Lines) - The Chicago Bears released running back Kevin Jones on Tuesday. Jones, who missed all of 2009 with a serious ankle injury, signed with the bears in 2008 and rushed for 109 yards on 34 carries

<< Falcons sign CB Grimes
Flowery Branch, GA (Sportsbook Betting Lines) - The Atlanta Falcons have re-signed cornerback Brent Grimes. Grimes led the team with six interceptions in 2009, had 13 passes defensed and compiled 67 tackles, 58 of those solo, in 16 games. Ori

<< FDU removes interim tag from Vetrone
Teaneck, NJ (Sportsbook Betting Lines) - Fairleigh Dickinson has removed the interim tag from Greg Vetrone and has named him the permanent men's basketball coach. Vetrone was given the job on an interim basis for last season and led the team to a 10-

<< Tests confirm overactive thyroid for Reyes
Port St. Lucie, FL (Sportsbook Betting Lines) - The New York Mets confirmed the test results that stated shortstop Jose Reyes has an overactive thyroid. The club mentioned that Reyes will remain in New York to undergo additional blood testing,

Jones shines in Granger's absence as Pacers down Sixers >>
Indianapolis, IN (Sportsbook Betting Lines) - Dahntay Jones tied a season-high with 25 points and the Indiana Pacers overcame the absence of Danny Granger to beat Philadelphia, 107-96, at Conseco Fieldhouse. Granger, who is leading the Pacers at

Bourque highlights Calgary's win in Motown >>
Detroit, MI (Sportsbook Betting Lines) - Rene Bourque assisted on the tying goal early in the third period and scored the game-winner less than two minutes later, as the Calgary Flames edged the Detroit Red Wings, 4-2, at Joe Louis Arena. Jarome Ig

Predators hold off Thrashers >>
Atlanta, GA (Sportsbook Betting Lines) - Ryan Suter and Colin Wilson scored to propel the Nashville Predators to a 2-1 win over the Atlanta Thrashers at Philips Arena. Suter's tally came on a power play early in the first period, whil

Felton helps Bobcats rally past Heat >>
Charlotte, NC (Sportsbook Betting Lines) - Raymond Felton poured in 15 points and dished out a season-high 11 assists, as the Charlotte Bobcats rallied late to down the Miami Heat, 83-78, at Time Warner Cable Arena. Stephen Jackson added 17 points

Stanley Cup betting

New York, NY – October 3, 2007 – The dress rehearsal is over! The NHL preseason has ended and now that fans have had a glimpse of what is to come it is time to hit the book! Stanley Cup odds are live at MySportsbook.com, the world’s largest online sportsbook and casino.

The Ottawa Senators and Detroit Red Wings remain on top of the odds charts after an impressive start in the preseason. Betting lines opened for both teams at 6-1 in June. Since then the Sens have fallen to 7-1 and the Red Wings are now caught in a pack including the defending champion Carolina Hurricanes, the San Jose Sharks and the Anaheim Ducks, all at 10-1.

MySportsbook.com has also posted props on each team’s point total for the regular season. The Senators lead the charge at 108.5 followed by the Ducks at 106.5. Detroit will attempt a repeat for the prize as the Red Wings are deadlocked with the Predators at 104.5 a piece. The temporary loss of highly touted rookie Evgeni Malkin puts a lot of pressure on the stick of assistant captain Sidney Crosby - his lowly Pittsburgh Penguins are listed at 71.5.

Even if bettors are not brave enough to put their money on the underdog, an early bet on the favorites at sportsbook.com tends to produce bigger payouts than a mid-season wager. Placing a $1,000 bet last summer on the Detroit Red Wings or Ottawa Senators would have paid out to $8,000 and $10,000 respectively, opposed to a $2,500 or $3,000 payout at the beginning of the playoffs.

Stanley Cup Odds    

NHL Regular Season Points - Team Must Play 82 Games 

To visit this online sportsbook got to MySportsbook.com for all your hockey sportsbook needs.

Sportsbooks to bet on football

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 sportsbook got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.