World Series Down Phillies World

Baseball Betting Lines

Houston, TX (Sportsbook Betting Lines) - Milo Hamilton, who has been the voice of the Houston Astros since 1985, announced on Wednesday that he intends to retire following the upcoming season. Hamilton will close the books on a career which spanned more than 60 years, dating back to his start in Davenport, Iowa in 1950. Prior to arriving in Houston, he presided over broadcasts for the Cardinals, Cubs, White Sox and Pirates.

 

The 84-year-old, who was named the Ford C. Frick Award winner in 1992, holds the distinction of being elected to four separate Halls of Fame: Texas Baseball (1994), Radio (2000), Texas Radio (2002) and Iowa Baseball Coaches (2011).

 

Pittsburgh, PA (Sportsbook Betting Lines) - The Pittsburgh Pirates won their salary arbitration case with first baseman Garrett Jones and avoided a hearing with newly-acquired third baseman Casey McGehee. Jones will earn a salary of $2.25 million for 2012 instead of the $2.5 million he had requested. It's a hefty raise from the $455,000 he was paid in 2011, when he hit .243 with 16 homers and 58 runs batted in.

 

Terms of McGehee's deal were not disclosed, but he had asked for $2.725 million through arbitration and the Pirates had offered $2.35 million.

 

Boston, MA (Sportsbook Betting Lines) - The Boston Red Sox inked pitcher Ross Ohlendorf and first baseman Mauro Gomez to minor league deals with invitations to spring training on Thursday. Ohlendorf went 1-3 with an 8.15 earned run average in nine starts for the Pirates in 2011, a season shortened due to a lengthy stay on the disabled list thanks to a right shoulder posterior strain.

 

Gomez spent all of last season with Atlanta's Triple-A affiliate, hitting .304, clubbing 24 homers, 34 doubles and driving in 90 runs over 135 contests.

 

Philadelphia, PA (Sportsbook Betting Lines) - With pitchers and catchers all set to head out to Florida and Arizona, it is apparent Major League Baseball is ready to fill some of the void in the sports world left by the end of the National Football League season. To that end, it is time to talk about the 2012 campaign and which teams are the so-called "best bets" to win the National and American League pennants as well as the World Series.

 

Whatever betting site you visit, the Philadelphia Phillies are the early favorites to win this season's Fall Classic. That is somewhat surprising on one level as manager Charlie Manuel's squad has gone in reverse since winning the 2008 World Series. Don't forget, the Phillies lost to the New York Yankees in the 2009 Series, were eliminated by the San Franciso Giants in the NL Championship Series the following year, and then failed to even make the NLCS in 2011, losing to the St. Louis Cardinals in the final game of the Division Series.

 

The difference between Philadelphia and the second- and third-ranked NL squads (Miami and San Francisco) in terms of odds to even reach the Fall Classic is around to 5-1. Over in the American League, the Yankees, Los Angeles Angels, Detroit Tigers, Boston Red Sox and Texas Rangers are not only all lumped together, but also all interchangeable depending on the sportsbook. Furthermore, all five teams are between 3-1 to 5-1 odds to even win the AL pennant.

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Sportsbooks to bet on football

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.