07/04/2009 - Portland, OR (Sportsbook Betting Lines) - Sharp-shooting forward Hedo Turkoglu appeared headed to the Portland Trail Blazers on Friday afternoon, but by nightfall those talks apparently broke off.
In the latest turn of events, TNT basketball analyst David Aldridge reported late Friday night that Turkoglu has verbally committed to a five-year, $60 million contract with the Toronto Raptors, citing league sources.
According to the report, Toronto renounced its rights to forward Shawn Marion and guards Anthony Parker and Carlos Delfino, freeing up enough salary cap space to add the Turkish star.
The Oregonian newspaper originally reported Turkoglu agreed to a five-year, $50 million contract with Portland, but later in the day indicated he had rejected such an offer.
The 30-year-old Turkoglu, a first-round draft pick of Sacramento in 2000, had spent the previous five years with the Magic and averaged 16.8 points, 5.3 rebounds and 4.9 assists over 77 games last season. He helped the Magic into the NBA Finals, but last week opted out of the final season of his deal that would have paid him $7.3 million.
Not only that, but the Magic already made a big move to replace Turkoglu by working out a trade with New Jersey for Vince Carter on draft night.
The 6-foot-10 Turkoglu spent his first three seasons with the Kings before joining the San Antonio Spurs for one seasons. For his career, he's averaging 12.3 points and 4.2 rebounds and is a career 38.5 percent shooter from three- point range.
<< Sadowski, Giants' offense destroy Astros
San Francisco, CA (Sportsbook Betting Lines) - Ryan Sadowski got plenty of run support
while throwing seven scoreless innings, as the Giants erupted offensively in a
13-0 whipping of the Astros.
Sadowski (2-0), who made his major league debut Sunda
<< Kings acquire F Smyth in multi-player deal
Los Angeles, CA (Sportsbook Betting Lines) - The Los Angeles Kings boosted their offense
on Friday, acquiring All-Star forward Ryan Smyth from the Colorado Avalanche
in a three-player deal.
Smyth, 33, tied for the Avalanche lead in points last seas
<< Report: NHL to investigate Blackhawks' qualifying offers
Toronto, ON (Sportsbook Betting Lines) - The Chicago Blackhawks are reportedly under
investigation by the NHL for failing to tender qualifying offers to several
restricted free agents by the league's set deadline.
According to TSN Canada, th
<< Late miscue forces 'Quakes to share points with RSL
Sandy, UT (Sportsbook Betting Lines) - The San Jose Earthquakes and Real Salt Lake
battled to a 1-1 draw in Major League Soccer action at Rio Tinto Stadium on
Friday night.
Arturo Alvarez scored the game's first goal for San Jose before a Chr
Huff leads O's past Angels >>
Anaheim, CA (Sportsbook Betting Lines) - Aubrey Huff went 2-for-4 with a three-run home
run, as the Baltimore Orioles hung on to edge the Los Angeles Angels of
Anaheim, 6-4, in the second test of a four-game series.
Luke Scott stroked a two-ru
Raburn, Tigers use three-run 16th to edge Twins >>
Minneapolis, MN (Sportsbook Betting Lines) - Ryan Raburn's RBI single in the 16th
proved to be the game-winner as the Detroit Tigers took an 11-9 win over the
Minnesota Twins in a 16-inning contest to open a three-get set at the
Metrodo
Twins place Slowey on DL; recall Swarzak >>
Minneapolis, MN (Sportsbook Betting Lines) - Following the Twins' 16-inning 11-9 loss to
the Tigers, Minnesota placed pitcher Kevin Slowey on the 15-day disabled list
with a strained right wrist.
Slowey started on the mound for the Twins Friday bu
Giants option INF Downs; activate INF Aurilia >>
San Francisco, CA (Sportsbook Betting Lines) - Following the Giants' 13-0 win over the
Astros, the team optioned infielder Matt Downs to Triple-A Fresno to make room
for infielder Rich Aurilia, who was activated from the bereavement list.
The 25-ye
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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