07/03/2009 - Daytona Beach, FL (Sportsbook Betting Lines) - Rain washed out Friday's qualifying session for the Coke Zero 400 at Daytona International Speedway.
A thundershower moved over the 2.5-mile track shortly before the start of qualifying. Track drying efforts could not be completed in time to fit the session in before Friday night's 250-mile Nationwide race at Daytona.
According to the rule book, the starting lineup for Saturday's 400-mile event will be set by owner points, which puts Tony Stewart on the pole for the second straight race. Last weekend, Stewart was awarded the pole at New Hampshire after qualifying was rained out there.
Stewart currently holds a 69-point lead over Jeff Gordon, who will start on the outside pole.
Jimmie Johnson will roll off third, followed by Kurt Busch and Carl Edwards.
Denny Hamlin, Ryan Newman, Kyle Busch, Greg Biffle and Matt Kenseth will start sixth through 10th, respectively.
Max Papis and Mike Wallace did not make the field.
Saturday's race is scheduled to start just after 8:00 p.m. (et).
<< 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
<< 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
<< 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
<< 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
Woods shoots 66 to lead AT&T National >>
Bethesda, MD (Sportsbook Betting Lines) - Tiger Woods nourished his momentum with a
handful of scrambling par saves, shooting a four-under 66 on Friday to take
the second-round lead at the AT&T National.
Woods finished two trips around Con
Ramirez apologizes on night of return to Dodgers >>
San Diego, CA (Sportsbook Betting Lines) - Los Angeles Dodgers left fielder Manny
Ramirez spoke to the media Friday, prior to making his scheduled return to the
majors following his 50-game suspension.
Ramirez is expected to be in the starting
Bowyer captures pole for Daytona Nationwide race >>
Daytona Beach, FL (Sportsbook Betting Lines) - After a lengthy rain delay, Clint Bowyer
won the pole for Friday's Subway Jalapeno 250 Nationwide Series race at
Daytona International Speedway.
Bowyer, the 2008 Nationwide champion, lapped the
Diaz remains tied for Jamie Farr lead >>
Sylvania, OH (Sportsbook Betting Lines) - Laura Diaz birdied four of the last six holes
Friday to remain tied for the lead after two rounds of the Jamie Farr Owens
Corning Classic.
Diaz carded a four-under 67 to complete two rounds at 11-under-pa
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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