Brazilian Melo extends deal with Fiorentina
Soccer Betting Lines
06/30/2009 - Florence, Italy (Sportsbook Betting Lines) - Brazil midfielder Felipe Melo has pledged his immediate future to Fiorentina by signing a one-year contract extension which ties him to La Viola until the summer of 2013.
The 25-year-old has been linked with a summer exit from Florence, with Arsenal and Barcelona both rumored to be interested in the holding midfielder.
However, a statement on the club's official website confirmed: "Fiorentina's director of sport, Pantaleo Corvino, today met with the agent of La Viola central midfielder Felipe Melo in Milan.
"On this occasion, details of an agreement for the extension of Melo's contract until 2013 with a buyout clause were agreed."
Melo moved to Italy a year ago, having previously played in Spain with Almeria, Racing Santander and Real Mallorca.
(Courtesy of sportbox.tv)
Bronx, NY (Sportsbook Betting Lines) - The New York Yankees have acquired utilityman Eric Hinske and cash considerations from the Pittsburgh Pirates for a pair of minor leaguers. Hinske appeared in 54 games for the Pirates this season and was b
<< Los Angeles clinches playoff berth
Carson, CA (Sportsbook Betting Lines) - The first-place Los Angeles Sol have become the
first team in Women's Professional Soccer to clinch a playoff spot.
The Sol's 4-0 win over the Chicago Red Stars Saturday, combined with the Saint
Louis Athleti
<< D.C. United releases Peters
Washington, D.C. (Sportsbook Betting Lines) - D.C. United has released defender Anthony
Peters. The 25-year old was originally signed by United in March, and made one
appearance in the U.S. Open Cup.
"We'd like to thank Anthony for his hard work an
<< Seattle's Jaqua wins MLS Player of the Week
New York, NY (Sportsbook Betting Lines) - Seattle Sounders FC forward Nate Jaqua claimed
Major League Soccer's Player of the Week award for Week 15.
Jaqua tallied two goals and an assist in Sunday's 3-0 victory over the Colorado
Rapids in front of mo
<< Johnson, Giants vie for another win over reeling Cards
(Sportsbook Betting Lines) - Ageless lefty Randy Johnson seeks a third straight win and
a fifth in six decisions tonight, when the San Francisco Giants visit Busch
Stadium for game two of four against the host St. Louis Cardinals.
The Giants won the o
London, England (Sportsbook Betting Lines) - Reports suggest Chelsea is on the verge of sealing an $30 million deal to acquire CSKA Moscow winger Yuri Zhirkov. Sportsmail is reporting that Blues owner Roman Abramovich has agreed a deal with CSK
CFL Previews - Week One - July 1-3 >>
Philadelphia, PA (Sportsbook Betting Lines) -
TORONTO ARGONAUTS (0-0) AT HAMILTON TIGER-CATS (0-0)
DATE & TIME: Wednesday, July 1, 7:00 p.m. (et)
GAME NOTES: The 2009 Canadian Football League season kicks off Wednesday
evening, as the H
Bayern will not sell Ribery >>
Munich, Germany (Sportsbook Betting Lines) - General Manager Uli Hoeness has reiterated
Bayern Munich's stance on Franck Ribery, insisting the German giants won't sell
the French ace.
The 26-year-old winger is the subject of speculation across
Second opinion produces same diagnosis for Beltran >>
New York, NY (Sportsbook Betting Lines) - A second opinion on the injured knee of New
York Mets center fielder Carlos Beltran reportedly remains a bone bruise.
Beltran visited noted surgeon Dr. Richard Steadman in Colorado on Monday and
the New
Barca's Xavi would not want Ronaldo >>
Barcelona, Spain (Sportsbook Betting Lines) - Barcelona midfielder Xavi has blasted
incoming Real Madrid ace Cristiano Ronaldo, saying there would be no room for
him at the Camp Nou.
Ronaldo is set to complete a world record $132 million
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 sportsbook got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
SPORTS BETTING - Tennis is an underrated and under-utilized bettors' sport.
Ten years ago, at just about this time, I called Alan Boston in Vegas and left him a voicemail that went something like this (abridged version): "Hey Alan, Chad Millman from ESPN The Magazine calling. I want to do a book about wise guys, you in?"
A couple weeks later I got a message back (abridged version): "I don't know, maybe," Boston said. "Call me and we'll talk about it. But not later today. I got $1,000 on Andre Agassi to win the French Open at 40-1, and he's in the finals."
Here's what happened next (abridged version): Agassi won his tourney. Boston won his $40,000. I wrote sportsbook.
In the ten years since, how much has been wagered on the big-time tennis events? Put it this way: The Nevada Gaming Commission doesn't even track the number year by year because it's so small.
"Tennis makes up about one-tenth of one percent of our take," says Lucky's bookmaking boss Jimmy Vaccaro. "The last big golf major we probably had $100,000 worth of bets. In tennis, we might have written two big tickets."
Tennis' lack of popularity amongst the American bettoratti is no surprise, really. For starters, the biggest sports betting holidays -- the Super Bowl, the NCAA tourney -- are must see TV. People, at least the degenerates I know, plan vacations around watching those events in Vegas sports books.
But Wimbledon? Doesn't exactly reel in the whales. "Seriously, it's the nuts as an event," says Boston. "But who even knows when it's on?"
Here's another reason that helps explain why golf gets traction, something I call "The Bubbe Theory." My Bubbe is pushing 95 and has cataracts so bad that, to her, even the most crystalline Chicago day is mostly cloudy. But she still listens to the Cubs games, and she still calls me in a fit if she disagrees with something Rick Telander writes in the Chicago Sun Times. She's a sports fan. If she doesn't know you, you're just filling a niche. And niche players, even historically good ones like Roger and Raf, don't drive betting volume. Only the highest profile names attract square money, which inflates wagering totals like a shot of saline to the lips. Bubbe, and the public, loved Agassi, tennis' last cross-the-rubicon, mainstream draw. She also has a crush on Tiger. She's given me standing orders to put a sawbuck on the big cat whenever I walk through a sports book (or mistakenly tap into one via my Internet machine.) That explains why the Masters is getting $100K in action at some books while the four tennis majors might not get that combined this year.
This isn't a case of tennis being a difficult sport to bet. In fact, in Europe, it's probably the second most popular sport for gambling after soccer. Granted, as the WSJ football betting last week and The Mag's Shaun Assael examined in even greater depth last year, that might be because gamblers across the pond see it as an easy game to fix. But it could also be because, over there it holds the kind of sway the big two do over here.
Street corners in Spain are peppered with public courts and kids doing their best Raffy impressions. In some war torn parts of Eastern Europe poverty-stricken kids view tennis as an escape route, like football or basketball here. A couple years ago The Mag's Lindsay Berra wrote a great piece about Belgrade's Jelena Jankovic, Ana Ivanovic and Novak Djokovic. They learned the game as kids while bombs were raining down on their homeland. They practiced in drained swimming pools. Not exactly Nick Bolletierri conditions.
In the United States, casual fans think tennis is played four times a year. But on the tightly packed European continent, national interest in homegrown talent runs deep every weekend. Of the ATP's current top 20 players, only two, tennis betting and James Blake, are American. Fourteen are from Europe, representing six different countries.
No wonder fans from Lisbon to Bhudapest get jacked up for the net game, whether it's Wimbledon or a low-level tourney like the Estoril Open in Portugal (congrats to Spain's Albert Montanes for winning that one, btw). Chances are good that someone representing their flag will not only be playing, but have a shot at winning.
And that's all any bettor can ask for.
To visit this sports book go to MySportsbook.com for all your football betting needs.