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07/29/2010 - Englewood, CO (Sportsbook Betting Lines) - The Denver Broncos agreed to terms with quarterback Tim Tebow, a first-round selection in the 2010 NFL Draft, on Thursday.
Financial terms were not disclosed, but The Denver Post reports it is a five- year deal worth between $11.5 million and $12 million, with more than $8 million guaranteed.
The contract agreement allows Tebow to join other Broncos rookies and early- reporting veterans in practice. Denver's training camp officially starts Sunday with the first full-team session.
Denver selected Tebow with the 25th overall pick in the draft after he completed a stellar collegiate career at Florida. The 2007 Heisman Trophy winner, Tebow helped the Gators win two national championships in his four years at the school.
Tebow is the only player in NCAA history to rush and pass for at least 20 touchdowns in a season, and he also holds the SEC mark for career touchdowns.
The 22-year-old helped Florida to a Sugar Bowl win over Cincinnati this past season, throwing for 2,895 yards and 21 touchdowns. He also ran for 910 yards and 14 more scores on 217 attempts.
<< Jimenez gets 16th win as Rockies snap eight-game slide
Denver, CO (Sportsbook Betting Lines) - Ubaldo Jimenez turned in seven strong
innings and Clint Barmes drove in three runs as Colorado blitzed Pittsburgh,
9-3, to stop an eight-game losing skid in the finale of a three-game series at
Coors F
<< Sanchez throws gem as Marlins earn split with Giants
San Francisco, CA (Sportsbook Betting Lines) - Anibal Sanchez was nearly perfect on the
mound as he tossed his second career shutout in Florida's 5-0 win over San
Francisco.
Sanchez (8-6), who authored a no-hitter in 2006, gave up just one hi
<< Falcons sign first-round pick Weatherspoon
Flowery Branch, GA (Sportsbook Betting Lines) - The Atlanta Falcons agreed to terms with
their 2010 first-round draft pick, linebacker Sean Weatherspoon, the club
announced on Thursday.
Financial terms were not released.
The 6-foot-2, 244-pou
<< Sens re-sign F Regin
Ottawa, ON (Sportsbook Betting Lines) - The Ottawa Senators on Thursday re-signed
forward Peter Regin to a two-year contract.
Regin, 24, registered 13 goals and 16 assists in 75 games with the Senators
last season, his first full NHL campaig
Niemi decision expected by Saturday >>
CHICAGO (AP) -Blackhawks general manager Stan Bowman expects to learn on Saturday whether his salary cap-squeezed team will be able to keep restricted free agent goaltender Antti Niemi.After Bowman and Niemi's agent, Bill Zito, were unable to reach
Rangers acquire Cantu from Marlins >>
Arlington, TX (Sportsbook Betting Lines) - The Texas Rangers bolstered their infield,
acquiring Jorge Cantu and cash considerations from the Florida Marlins in
exchange for a pair of pitching prospects.
Cantu, 28, was in the starting lineup
Lorenzen Wright's death ruled a homicide >>
Memphis, TN (Sportsbook Betting Lines) - The death of Lorenzen Wright has reportedly
been termed a homicide by gunshot wound.
The Commercial Appeal cited a police statement in reporting Wright, a former
Memphis basketball star and NBA player,
Vikings sign second-round pick Cook, three others >>
Eden Prairie, MN (Sportsbook Betting Lines) - The Minnesota Vikings have signed rookie
cornerback Chris Cook.
The Vikings selected the Virginia product in the second round (34th overall)
of the 2010 draft. Cook was an All-Atlantic Coast Conf
It's less than a month until the NHL hockey betting season opens at MySportsbook.com and preparations are underway for another battle in the race to hoist Lord Stanley's mug in 2007.
As cup crazy fans prepare to place their bets, one online sportsbook ,MySportsbook.com, is offering hockey betting lines on the 2007/2007 Stanley Cup , who will bring it home this upcoming season.
Despite a poor showing in last season's playoffs and the loss of Steve Yzerman to retirement, the Detroit Red Wings are early favourites at this online sportsbook with wagering odds of 6-1. The Wings will look to offensive powerhouse Pavel Datsyuk and newly appointed captain Nicklas Lidstrom to lead one of the league's most prominent franchises.
Always a threat are the Ottawa Senators, with newly acquired goaltender Martin Gerber from the Stanley Cup champion ,Carolina Hurricanes. The Sens are second best in the rankings at a 7-1 bet, and odds makers at this sportsbook are optimistic that the Ottawa squad will fare better than last season's Eastern Conference semi-final upset to the Buffalo Sabres.
Also worth noting are the defending Stanley Cup champs Carolina Hurricanes, a 10-1 bet to repeat. Behind the Canes are the New Jersey Devils, Calgary Flames, Buffalo Sabres, Philadelphia Flyers, and Anaheim Mighty Ducks all sit at 12-1. In the basement are the Washington Capitals, Chicago Blackhawks, and St. Louis Blues who all have 100-1 odds to win.
To visit this online sportsbook got to MySportsbook.com for all your hockey betting needs.
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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