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02/01/2012 - Commerce City, CO (Sportsbook Betting Lines) - The Colorado Rapids announced on Wednesday that the club has signed technical director Paul Bravo to a three- year contract extension.
Bravo has presided over Colorado's soccer operations since 2009 and helped the team claim the 2010 MLS Cup.
"Paul has done great things at this club, both as a player and in his current role as technical director," said Rapids president Tim Hinchey. "His work helped us earn our first championship, he's established our youth academy as one of the top in the country, and he conducted an excellent coaching search that led us to Oscar Pareja. We're pleased to have him on board for at least the next three seasons."
Bravo has been a member of the Rapids family for years having played five seasons with the club before serving two years as an assistant coach.
In his role as technical director, Bravo is responsible for not only the first-team operations but also the club's youth academy as well as domestic and international scouting.
<< Ljubicic falls; Dodig wins Zagreb opener
Zagreb, Croatia (Sportsbook Betting Lines) - Croatian tennis hero Ivan Ljubicic went
by way of a second-round upset, while reigning champion Ivan Dodig of the host
nation was an opening-round winner Wednesday at the Zagreb Indoors tennis
event.
<< Blue Jays sign P Cordero
Toronto, ON (Sportsbook Betting Lines) - The Blue Jays have signed pitcher Francisco
Cordero to a one-year contract worth $4.5 million, the team announced
Wednesday.
Cordero, 36, spent the last four season with the Reds. He posted a 2.45
<< Panthers F Versteeg out Wednesday with flu
Sunrise, FL (Sportsbook Betting Lines) - Florida Panthers forward Kris Versteeg will
miss Wednesday's game against the Washington Capitals with the flu.
The 25-year-old also missed practice on Monday and Tuesday with the malady.
In his first s
<< Irving, Rubio named NBA's top rookies for January
New York, NY (Sportsbook Betting Lines) - Cleveland Cavaliers guard Kyrie Irving and
Minnesota Timberwolves guard Ricky Rubio were named the top rookies in the
Eastern and Western Conference, respectively, for games played from the
season'
Nationals sign RHP Durbin >>
Washington, DC (Sportsbook Betting Lines) - The Washington Nationals agreed to terms on
a minor-league contract with veteran relief pitcher Chad Durbin on Wednesday.
MLB.com, which cited a baseball source, reported the deal and said it includes
an in
Eight set to go in Robert B. Lewis Stakes >>
Arcadia, CA (Sportsbook Betting Lines) - Eight three-year-olds get back into action
Saturday afternoon in the $200,000 Robert B. Lewis Stakes at Santa Anita Park.
The 1 1/16-mile race is an important prep for the $750,000 Santa Anita Derby
on Apri
Patriots try to settle score with Giants in Super Bowl XLVI >>
(Sportsbook Betting Lines) - The stage may be different and new, but there will be a very
familiar feel to Super Bowl XLVI.
Just like they did four years ago, the New York Giants and New England Patriots
will battle for the coveted crown of NFL champi
New record purse for Daytona 500 >>
Daytona Beach, FL (Sportsbook Betting Lines) - Officials from Daytona International
Speedway announced Wednesday a record purse of more than $19 million for the
February 26 season-opening Daytona 500.
The purse for NASCAR's most prestigious
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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