07/04/2009 - Louisville, KY (Sportsbook Betting Lines) - Chip Woolley, trainer of Kentucky Derby winner Mine That Bird, indicated Saturday that an announcement on a new rider for the three-year-old could come as soon as Sunday morning. Earlier in the week Calvin Borel was relieved of his duties with the gelding.
"Mark (Allen of Double Eagle Ranch) and Doc (Leonard Blach of Buena Suerte Equine) are going to talk it over today and I'll likely name a rider in the morning," Woolley said Saturday morning.
Woolley and the gelding's owners, Mark Allen and Dr. Leonard Blach, could not get a commitment from Borel to ride Mine That Bird in the West Virginia Derby on Saturday, August 1.
"I thank Calvin for the job he has done for us," Woolley said this week, "but going race to race is not a good option for us and we think we are better off going with someone who will be there when we need him. It is strictly a business decision and Calvin and (agent) Jerry (Hissam) will always be welcome in my shedrow."
Borel has agreed to ride Warrior's Reward in the Jim Dandy Stakes at Saratoga on the same day as the West Virginia Derby. The Louisiana native has been the regular jockey for Warrior's Reward.
Following the Kentucky Derby victory Borel switched to the filly Rachel Alexandra in the Preakness Stakes. Borel won the Preakness with the filly and then regained the mount on Mine That Bird for the Belmont Stakes. Borel and the gelding finished third in the final jewel of racing's Triple Crown. Veteran rider Mike Smith picked up the mount on Mine That Bird for the Preakness and finished second, a length behind the Rachel Alexandra.
After the West Virginia Derby at Mountaineer Park, Mine That Bird's schedule of races will be the Travers at Saratoga on Saturday, August 29 and the Breeders' Cup Classic at Santa Anita on Saturday, November 7 with the possibility of a race between the Travers and Breeders' Cup.
Woolley is seeking a three-race commitment covering the West Virginia Derby, Travers and Breeders' Cup Classic.
<< Nestor/Zimonjic beat Bryans for Wimbledon doubles crown
Wimbledon, England (Sportsbook Betting Lines) - Canadian Daniel Nestor and Serbian Nenad
Zimonjic repeated as men's doubles champions at Wimbledon Saturday, beating
the top-seeded American twin Bryan brothers, Bob and Mike, in four sets.
Nestor and
<< Echenique birdies the last for the lead in Paris
Paris, France (Sportsbook Betting Lines) - Overnight leader Rafa Echenique birdied the
last hole Saturday to hold on to his spot atop the leaderboard after the third
round of the Open de France.
Echenique shot a one-under 70 and finished 54 holes at
<< Floyd attempts to slow down Royals
(Sportsbook Betting Lines) - Gavin Floyd will try to keep the good times rolling when
he takes the mound this afternoon for the Chicago White Sox in the second
meeting of a three-game series against the Kansas City Royals at Kauffman
Stadium.
Floyd
<< Floyd attempts to slow down White Sox
(Sportsbook Betting Lines) - Gavin Floyd will try to keep the good times rolling when
he takes the mound this afternoon for the Chicago White Sox in the second
meeting
of a three-game series against the Kansas City Royals at Kauffman Stadium.
Floyd
McGehee misses cycle, but his big day helps Brewers crush Cubs >>
Chicago, IL (Sportsbook Betting Lines) - Casey McGehee finished with four hits, a double
short of a cycle, and drove in five to lead the Milwaukee Brewers to an 11-2
win over the Chicago Cubs.
Mike Cameron was 2-for-3 with a three-run homer and
Owings homers, pitches Reds over Cardinals >>
Cincinnati, OH (Sportsbook Betting Lines) - Micah Owings tossed 6 2/3 strong innings
and hit his third home run of the year, lifting Cincinnati to a 5-2 victory
against St. Louis in the second of three games between these NL Central
rivals.
Woodward's ninth-inning hit sends M's past Sox >>
Boston, MA (Sportsbook Betting Lines) - Chris Woodward knocked in the deciding run in
the ninth inning as Seattle clipped Boston, 3-2, in the middle
contest of three at Fenway Park.
Russell Branyan added a pair of RBI for the M
Callaspo and KC snap ChiSox winning streak >>
Kansas City, MO (Sportsbook Betting Lines) - Alberto Callaspo went 2-for-3 and hit the
go-ahead two-run single in the sixth inning, as the Kansas City Royals came
back to top the White Sox, 6-4, and snap Chicago's seven-game win streak.
Callaspo
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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