Report: Bengals sign Terrell Owens

Football Betting Lines

07/27/2010 - Cincinnati, OH (Sportsbook Betting Lines) - A report on the Cincinnati Bengals' website cites a league source as saying the team has agreed to terms on a one- year contract with wide receiver Terrell Owens.

The source indicated Owens is expected to be in attendance on the first day of the team's training camp on Thursday. ESPN reports the deal is for $2 million with another $2 million in incentives.

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<< MLS names inactive All-Stars
New York, NY (Sportsbook Betting Lines) - Major League Soccer announced the final seven All-Stars on Tuesday, although the additions are inactive for Wednesday's game against Manchester United at Reliant Stadium in Houston, Texas. Goalies Jimmy Niels

<< Marlins release Robertson
San Francisco, CA (Sportsbook Betting Lines) - The Florida Marlins released pitcher Nate Robertson a week after designating him for assignment. Robertson allowed eight runs (seven earned) in five innings and took the loss in last Tuesday's game

<< Patriots place WR Welker on unable to perform list
FOXBOROUGH, Mass. (AP) -The New England Patriots say they have placed wide receiver Wes Welker on the active/physically unable to perform list.Welker, who has made a strong recovery from knee surgery in February, could come off the list at any time,

<< Bucs ink rookie WR Benn to four-year deal
Tampa, FL (Sportsbook Betting Lines) - The Tampa Bay Buccaneers came to terms with rookie wide receiver Arrelious Benn on a four-year contract on Tuesday. Financial details were not disclosed. Benn was selected in the second round -- 39th ov

<< EverBank, Jaguars agree to naming rights pact for stadium
Jacksonville, FL (Sportsbook Betting Lines) - EverBank and the Jacksonville Jaguars announced a five-year agreement Tuesday for the naming rights to the team's stadium. EverBank Field will replace the moniker of Jacksonville Municipal Stad

D.C. United waives forward Khumalo >>
Washington, D.C. (Sportsbook Betting Lines) - D.C. United waived forward Thabiso Khumalo on Tuesday. Khumalo, nicknamed "Boyzzz," was originally acquired by United in 2008 and made 27 appearances in all events. Khumalo scored one goal and provide

United ready for challenge against MLS All-Stars >>
Houston, TX (Sportsbook Betting Lines) - Manchester United has not been very impressive in its two exhibitions against Major League Soccer opponents, but veteran Ryan Giggs believes the English club "will be up for the challenge" against the MLS All-Sta

Maradona finished as Argentina's coach >>
Buenos Aires, Argentina (Sportsbook Betting Lines) - Diego Maradona's tenure as coach of Argentina ended Tuesday, when the Argentine Football Association announced his contract would not be renewed. Maradona, 49, became Argentina's manager in November

Rockies activate Tulowitzki from DL >>
Denver, CO (Sportsbook Betting Lines) - The Colorado Rockies activated shortstop Troy Tulowitzki from the 15-day disabled list on Tuesday. The 25-year-old has missed the last 33 games with a fractured left wrist he sustained on June 17 when

Phillies' Rollins to miss several days >>
Philadelphia, PA (Sportsbook Betting Lines) - Philadelphia Phillies shortstop Jimmy Rollins may miss several days while recovering from a foot injury. Rollins fouled a pitch from Colorado's Jason Hammel off his left foot early in Monday's 5-4

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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 football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.