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07/03/2009 - Manchester, England (Sportsbook Betting Lines) - Michael Owen is determined to repay the faith Sir Alex Ferguson has shown in him after penning a two-year contract with Manchester United.
The 29-year-old moves to Old Trafford on a free transfer after four injury- plagued years with Newcastle.
Owen told United's official website: "I'd just begun to talk to other clubs when, out of the blue, Sir Alex phoned me on Wednesday afternoon and invited me to have breakfast with him the next morning, during which he told me that he wanted to sign me. I agreed without a moment's thought.
"This is a fantastic opportunity for me and I intend to seize it with both hands.
"I am now looking forward to being a Manchester United player and I'm fortunate that I already know so many of the players here. I missed preseason last year and am pleased that I'll be starting at Carrington from day one."
Owen, who was earning a reported $165,000-a-week at Newcastle, has made just 76 appearances and scored 30 goals during his four seasons with the Magpies following his $26 million arrival from Real Madrid.
(Courtesy of sportbox.tv)
<< Gibbs commits future to Arsenal
London, England (Sportsbook Betting Lines) - Arsenal's England Under-21 international
Kieran Gibbs has pledged his long-term future to the club by putting pen to
paper on a new contract.
The 19-year-old made his debut for the Gunners almost two
<< Bayern remains hopeful over Bosingwa
Munich, Germany (Sportsbook Betting Lines) - Bayern Munich remains hopeful of being able
to sign Jose Bosingwa from Chelsea.
The German giants revealed their interest in the Portugal right-back last
month and chairman Karl-Heinz Rummenigge stil
<< O's Reimold selected as AL's top rookie for June
New York, NY (Sportsbook Betting Lines) - Baltimore Orioles outfielder Nolan
Reimold has been selected as the American League Rookie of the Month for June.
The 25-year-old hit .320 for the month, leading all Junior Circuit rookies
with
<< Pujols honored as NL Player of the Month
New York, NY (Sportsbook Betting Lines) - St. Louis Cardinals first baseman Albert
Pujols has been named the National League Player of the Month for June.
A seven-time All-Star, Pujols batted .320 with a league-leading 14 homers and
35 RBI duri
New York hopes to snap losing skid at Dallas >>
Frisco, TX (Sportsbook Betting Lines) - Red Bull New York ends a tough seven-match streak
Saturday night at FC Dallas, hoping to snap a nine-game winless skid and a road
losing stretch that dates back to last season.
New York (2-12-4) contests its six
Reds activate 3B Encarnacion from DL >>
Cincinnati, OH (Sportsbook Betting Lines) - Cincinnati third baseman Edwin Encarnacion
was activated from the 60-day disabled list prior to Friday's game against the
St. Louis Cardinals.
Encarnacion had been on the DL since late April due to a chip
Turkoglu to join Blazers >>
Portland, OR (Sportsbook Betting Lines) - Sharp-shooting forward Hedo Turkoglu is
leaving Orlando for the Great Northwest, reportedly coming to terms on a five-
year, $50 million contract with the Portland Trail Blazers.
The Oregonian newspap
Cano, A-Rod homer as Yankees top Toronto >>
Bronx, NY (Sportsbook Betting Lines) - Robinson Cano and Alex Rodriguez each homered
as the New York Yankees doubled up Toronto, 4-2, in the opener of a four-game
set.
Mark Teixeira added a hit and an RBI for the Yankees, who have won eight of
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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.
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