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01/11/2012 - New York, NY (Sportsbook Betting Lines) - Due to an error in statistics involving the voting for the 2011 Eclipse Award for Apprentice Jockey, a re-vote has been conducted by the affected organizations.
On Wednesday, the National Thoroughbred Racing Association, Daily Racing Form and the National Turf Writers And Broadcasters announced that there is no change in the three finalists for the category. Remaining as finalists are Ryan Curatolo, Kyle Frey and Rosario Montanez.
It was announced last Saturday that voting would be re-done after incorrect stats were released for eligible riders.
"This is an extremely unfortunate situation, but given the circumstances, the three voting organizations feel the only fair thing to do is to conduct a second vote," said Keith Chamblin, senior vice president of the NTRA and a member of the Eclipse Award steering committee. "The three organizations agree that to have any Eclipse Award votes cast based on inaccurate or misleading data is simply not acceptable."
The 41st Eclipse Awards ceremony will be held on Monday, January 16 in Beverly Hills, CA.
<< Judge approves agreement between Fox, Dodgers
Los Angeles, CA (Sportsbook Betting Lines) - A bankruptcy judge has reportedly approved
a settlement between the Dodgers and Fox Sports, a decision that clears the
way for the sale of the club.
According to MLB.com, U.S. Bankruptcy Judge Kevin Gro
<< Pens' Jeffrey returns from IR; Despres goes on
Washington, DC (Sportsbook Betting Lines) - The Pittsburgh Penguins activated forward
Dustin Jeffrey from injured reserve on Wednesday and placed rookie defenseman
Simon Despres on it.
Jeffrey has appeared in just six games this season while comin
<< Khedira out with ankle injury for Real Madrid
Madrid, Spain (Sportsbook Betting Lines) - Real Madrid confirmed on Wednesday that
midfielder Sami Khedira will miss an undetermined amount of time because of an
ankle injury.
Khedira twisted a ligament in his right ankle during Real's 1-0
<< NFL Divisional Round Weekend
Philadelphia, PA (Sportsbook Betting Lines) - Two years ago, three of the four wild
card-round winners came up short failing to cover their games in the next
round. Last year, the four teams split with a 2-2 mark, both straight-up and
against
California Derby attracts seven for Saturday >>
Berkeley, CA (Sportsbook Betting Lines) - The first of two stakes races for three-year-
olds at Golden Gate Fields this winter goes off on Saturday with the running
of the $100,000 California Derby. The 1 1/16-mile race is a prep event for the
track's
Tottenham topples Everton >>
London, England (Sportsbook Betting Lines) - Tottenham moved level with Manchester
United in second place in the Premiership table on Wednesday after securing a
2-0 win over Everton at White Hart Lane.
Aaron Lennon's first-half goal handed Spur
Astros claim OF Martinez off waivers >>
Houston, TX (Sportsbook Betting Lines) - The Astros have claimed outfielder Fernando
Martinez off waivers from the New York Mets.
Martinez, 23, spent most of last season with Triple-A Buffalo and hit .260
with eight home runs and 30 RBI. He ha
Earthquakes sign Gordon to new contract >>
Santa Clara, CA (Sportsbook Betting Lines) - The San Jose Earthquakes have signed
forward Alan Gordon to a new contract, it was announced on Wednesday.
Terms of the deal were not disclosed but the agreement allows Gordon to return
to San Jose,
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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 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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