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04/28/2010 - Ames, IA (Sportsbook Betting Lines) - Iowa State has named Fred Hoiberg its head men's basketball coach.
Hoiberg, who starred for the Cyclones in the 1990s, will be introduced at a news conference Wednesday morning. He just finished his first season as the vice president of basketball operations for the Minnesota Timberwolves.
Iowa State needed a replacement for Greg McDermott, who left Monday to take the head coaching job at Creighton. He spent the past four seasons as head coach of the Iowa State Cyclones, going 15-17 a year ago with a 4-12 record in the Big 12, and was 59-68 overall since arriving in Ames in 2006.
The 37-year-old Hoiberg played for Iowa State from 1991-95 and then spent 10 years in the NBA, with stops in Indiana, Chicago and Minnesota. He averaged 5.4 points over a 541-game career.
Hoiberg received the nickname "The Mayor" when he received a write-in vote for the Ames, Iowa mayoral race. He was honored as Mr. Basketball in Iowa for 1991 and the following season he enrolled at Iowa State.
Hoiberg served as Minnesota's assistant general manager for three seasons after retiring from the NBA on April 17, 2006. He also had heart surgery on June 28, 2005 to correct an enlarged aortic root.
<< Several Senators facing surgery
Ottawa, ON (Sportsbook Betting Lines) - Several members of the Ottawa Senators are
slated undergo surgeries to fix a slew of injuries.
The Ottawa Sun reported late Tuesday that defenseman Chris Phillips, long-time
captain Daniel Alfredsson and f
<< Rockies crush D-Backs with early burst of offense
Denver, CO (Sportsbook Betting Lines) - Carlos Gonzalez went 3-for-5 with five RBI, and
Colorado crushed Arizona, 12-1, in the second installment of a three-game set.
Ubaldo Jimenez (5-0) remained perfect on the young season, extending his
scor
<< Domination in the desert: Red Wings crush Coyotes in Game 7
Glendale, AZ (Sportsbook Betting Lines) - Pavel Datsyuk and Nicklas Lidstrom both scored
twice, as the Detroit Red Wings pounded the Phoenix Coyotes, 6-1, in Game 7 of
the last Western Conference quarterfinal series.
Brad Stuart and Todd Bertuzzi also
<< Hanigan paces Reds over Astros
Houston, TX (Sportsbook Betting Lines) - Ryan Hanigan drove in three runs in
Cincinnati's 6-2 win over the Houston Astros in the opener of a three-game set
at Minute Maid Park.
Jonny Gomes and Drew Stubbs each knocked in a run for the Re
Beef 'O' Brady's Bowl St. Petersburg inks deal with Big East, C-USA >>
St. Petersburg, FL (Sportsbook Betting Lines) - The Beef 'O' Brady Bowl St. Petersburg
signed a four-year deal on Tuesday with the Big East Conference and Conference
USA through the 2013 college football season.
This season's contest will be played
Kearns drive in five as Indians blast Angels >>
AAnaheim, CA (Sportsbook Betting Lines) - Austin Kearns homered and drove in a
season-
high five runs to pace the Cleveland Indians over the Angels, 9-2, in the
middle contest of a three-game set at Angel Stadium.
Shin-Shoo Choo added two h
Lakers pummel Thunder, take 3-2 series lead >>
Los Angeles, CA (Sportsbook Betting Lines) - Pau Gasol poured in 25 points and pulled
down 11 rebounds, and the Los Angeles Lakers crushed the Thunder, 111-87, to
move ahead after five games of their Western Conference quarterfinal series.
Kobe
Penn football player's death was suicide, mom says >>
PHILADELPHIA (AP) -The mother of a University of Pennsylvania football player found dead earlier this week says he committed suicide.Katherine Brearley says her son Owen Thomas was very self-directed but that his intensity ``spiraled out of control.
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.
MySportsbook features easy-to-use online betting software that’s the most reliable in the industry. If you’re looking to bet underdogs, then this Sportsbook is the place - we have the best betting lines in the business. MySportsbook is your one-stop shop for all your betting needs - sports betting, poker, casino, and horse betting . MySportsbook offers every bet type with lightning fast settlement of wagers. Take advantage of free statistical analysis - including against-the-spread and straight-up trends - in MySportsbook’s game previews section. With MySportsbook there are unlimited free deposits and payouts - and no transaction fees!
To visit this online sportsbook got to MySportsbook.com for all your football sportsbook needs.
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