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07/19/2010 - Miami, FL (Sportsbook Betting Lines) - The Miami Heat made it official on Monday by re- signing forward James Jones.
Terms of the deal were not disclosed, but The Miami Herald previously reported that Jones' deal was for the veteran minimum and that the forward spurned larger offers, including a reported $6 million deal with the Spurs, for a chance to return to the new-look Heat.
"We are happy to bring back James Jones, whose abilities on and off the court epitomize what the Heat organization stands for, said Heat President Pat Riley. "He is a consummate professional and a proven three-point threat that will help stretch the floor. As our roster fills out, his ability to shoot the ball will be a valuable asset to our team."
Miami requested waivers on the seven-year veteran in June, buying out the final three years of his previous contract to make him a free agent.
Jones provides another outside shooting threat on a roster being stacked with veterans and rookies alongside LeBron James, Chris Bosh and Dwyane Wade.
Over his last two years in Miami, Jones appeared in 76 games, making seven starts and posted averages of 4.1 points and 1.4 rebounds in 14.9 minutes of action. He shot 36.6 percent from the floor and 37.6 percent from beyond the arc.
Over 366 games, including 65 starts, Jones has averaged 6.4 points and 2.4 rebounds while shooting 39.5 percent from three-point range. He has also logged stints with Indiana, Phoenix and Portland.
<< Atlanta's Venters, Cox suspended
New York, NY (Sportsbook Betting Lines) - Atlanta Braves pitcher Jonny Venters has
been suspended by Major League Baseball for four games and fined an
undisclosed amount for throwing two straight pitches at Milwaukee first
baseman
<< Mathieu upended on first day in Hamburg
Hamburg, Germany (Sportsbook Betting Lines) - Paul-Henri Mathieu, who was defeated in
the final of last year's event, was upset by qualifier Pere Riba on the first
day of play at the 2010 Hamburg Open.
Mathieu won the first set handily, 6-1,
<< Report: Florida, NCAA probe violation allegations
GAINESVILLE, Fla. (AP) -ESPN is reporting that Florida and the NCAA are investigating allegations that former Gators offensive lineman Maurkice Pouncey received $100,000 from a representative of a sports agent before last season ended.Florida athlet
<< Rangers' Molina earns AL weekly honor
New York, NY (Sportsbook Betting Lines) - Texas Rangers catcher Bengie Molina has been
named the American League Player of the Week for the period ending July 18.
Molina, who will turn 36 on Tuesday, joined the Rangers in a July 1 trade from
the Sa
Pitt suspends DE Sheard indefinitely >>
Pittsburgh, PA (Sportsbook Betting Lines) - Pittsburgh senior starting defensive end
Jabaal Sheard has been suspended indefinitely from team activities after being
charged with multiple offenses for his part in a fight early Sunday morning.
The P
Report: Johnson, Titans come to contract agreement >>
Culver City, CA (Sportsbook Betting Lines) - The NFL Network is reporting that
running back Chris Johnson and the Tennessee Titans have agreed to a deal that
will pay him slightly more than $2 million during the 2010 season.
According to T
Edwards, Keselowski feud showing no signs of letting up >>
Madison, IL (Sportsbook Betting Lines) - "Boom boom boom, now. Boom boom boom, now. Boom
boom pow."
I generally don't like using song lyrics to describe a frantic episode in a
NASCAR race or any other motorsports event, but after last Saturday's night
Dushevina moves on in Slovenia >>
Portoroz, Slovenia (Sportsbook Betting Lines) - Sixth-seeded Russian Vera Dushevina was
a first-round winner Monday at the Slovenia Open.
Dushevina dropped the first set but rallied for a 2-6, 6-3, 6-3 victory over
fellow countrywoman Anna Lapushch
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.
Is there such a thing as a trap game in the NFL?
I once asked that question to Pete Korner, who at the time was office manager and a senior linesmaker for Las Vegas Sports Consultants.
Korner almost ripped my head off. There is no such thing as a trap game, he loudly berated me. It’s a myth. The numbers are made using power ratings, he said.
There are trap games, though. They just might not be what you think. The perception is of a good team, say Philadelphia, laying a small number against New Orleans.
Using the highly-respected power ranking from The Gold Sheet, you’d find the Eagles with a power rating of 4 and the Saints at 8. When you factor the game being played in New Orleans, you could see why the line opened so short at less than a field goal.
For some, this makes it enticing to take the Eagles. That’s not a real trap game, though.
A real trap game, says professional gambler Dave Malinsky, is thinking you’re getting value betting a bad team, which brings us to the Oakland Raiders-Denver Broncos matchup.
The Raiders are +15 in this long-standing division rivalry. Denver is on a short week having dispatched Baltimore Monday. However, the Raiders haven’t covered the spread their last 10 games.
Many bettors don’t trust the Raiders to give a full effort. Few think much of Art Shell and his Oakland’s coaching staff.
So oddsmakers have to do something to make Oakland attractive if they hope to get equal action.
Now Malinsky is a value shopper. But he won’t touch the Raiders even getting more than two touchdowns.
“I try to eliminate the undisciplined, unfocused teams because they’re the ones most likely to suffer the bad beats,” he said.
Near the top of Malinsky’s list of stay-away teams is the Miami Dolphins, who have yet to cover a spread this season.
“Whatever you think of Nick Saban, you have to look at the penalties and turnovers,” Malinsky said.
It’s easy to point out the Dolphins failed to get the money this past week against New England because Olindo Mare missed a field goal and had another field goal blocked. But even though the Dolphins outgained the Patriots, 283-213, they committed eight penalties.
Bad teams not only cost themselves victories, but pointspread covers as well. The Arizona Cardinals and Green Bay Packers are two more examples.
The Cardinals couldn’t have been in a better position this past Sunday, up 14-0 at home against a mediocre Kansas City Chiefs squad. But they couldn’t hold it. The Packers got a push against St. Louis, but also could have won losing by three when Brett Favre fumbled at the St. Louis 11-yard line with 44 seconds left.
“The Packers were in a position to beat Philadelphia, too,” Malinsky said. “But they couldn’t even cover double digits.
“These teams just make mistakes and it costs you … they always will look good from a value standpoint. They really will. But that’s the trap.”
Houston and Tennessee rank among the six-worst teams. Malinsky wouldn’t be afraid to take either of these teams, however, if the price were high enough.
The Texans are bad, Malinsky said, but they have some discipline. The Titans showed they could not only come up with an outstanding game plan, but execute it as well, losing by one to the Colts on the road as an 18 ?-point underdog this past Sunday.
“Jeff Fisher is a worker,” Malinsky said of the Titans coach. “I’m not sure how hard Art Shell wants to work when he gets out of bed.”
Fisher, though, could be out as Tennessee coach after this season. Is he still worth backing in the right spot, with the right price, as a lame duck coach?
“It’s in his nature to keep working hard and not worry about any possible lame duck status,” Malinsky said. “He’s coaching for his resume.”
Note: Monday night game will be picked Monday. Lines used are from football betting lines.
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