Brown to stay at Texas through 2020
NCAA Football Betting Lines
01/26/2012 - Austin, TX (Sportsbook Betting Lines) - The University of Texas has agreed to a four- year contract extension with Mack Brown that will keep the head football coach on the Longhorns' sideline through 2020.
Brown, 60, has been the head coach at Texas for the past 14 seasons and led the program to a national championship in 2005.
"It is important to us to have Mack Brown as our football coach for as long into the future as we can. This contract is an expression of that," Texas president Williams Powers Jr. said. "For 14 years he's had tremendous success on the field and equally important, more important, he's represented the university with class, with integrity."
Texas also reached the BCS national championship game in 2009, but the next season suffered its first losing season (5-7) under Brown.
This past season, the Longhorns went 8-5 and defeated California in the Holiday Bowl.
Brown has compiled a 141-39 record during his tenure in Austin.
Cincinnati, OH (Sportsbook Betting Lines) - The Cincinnati Reds have avoided arbitration with Jose Arredondo, signing the reliever to a two-year contract. Arredondo went 4-4 with a 3.23 earned run average in 53 appearances for the Reds last season
<< Bucks' Bogut out indefinitely with fractured ankle
Milwaukee, WI (Sportsbook Betting Lines) - An MRI on Thursday revealed that Milwaukee
Bucks center Andrew Bogut suffered a fractured left ankle during Wednesday's
game against the Rockets.
"The results of the MRI identified a left ankle fracture
<< Levin, Stanley post matching 62s at Torrey Pines
La Jolla, CA (Sportsbook Betting Lines) - Spencer Levin and Kyle Stanley both fired 10-
under 62s on Thursday to grab a share of the lead after the first round of the
Farmers Insurance Open.
Levin and Stanley are both looking for their first PGA T
<< Toronto FC signs Ecuadorian defender Caicedo
Toronto, ON (Sportsbook Betting Lines) - Toronto FC announced the signing of Ecuadorian
international defender Geovanny Caicedo on Thursday.
Caicedo, 30, began his career with Huracan of Ecuador and has spent his entire
club career in his homeland.
<< Timbers name Knowles an assistant coach
Portland, OR (Sportsbook Betting Lines) - The Portland Timbers named Cameron Knowles as
an assistant coach Thursday.
Knowles, 29, played for seven seasons, including four with the Timbers. During
his time with Portland, Knowles was a three-time USL F
Chapel Hill, NC (Sportsbook Betting Lines) - Tyler Zeller's double-double of 21 points and 15 rebounds powered seventh-ranked North Carolina to a 74-55 victory over the North Carolina State Wolfpack. Harrison Barnes had 15 points and Reggie Bullo
Hurricanes shut down Wake Forest >>
Coral Gables, FL (Sportsbook Betting Lines) - Riquna Williams and Stefanie Yderstrom
each scored 14 points as the 10th-ranked Miami-Florida Hurricanes extended
their winning streak to seven games with a 64-39 victory over Wake Forest.
Shenise
VT upsets No. 8 Maryland >>
College Park, MD (Sportsbook Betting Lines) - Monet Tellier scored a game-high 31
points, as Virginia Tech upset No. 8 Maryland, 75-69, on Thursday.
The Hokies (7-14, 3-5 ACC) had lost five straight games but got 15 points from
Aerial Wilson a
Florida earns comeback win at Ole Miss >>
Oxford, MS (Sportsbook Betting Lines) - Patric Young scored 15 points and added four
rebounds to lead the way for No. 14 Florida as it came from behind to hand Ole
Miss its first home loss of the season, 64-60, at Tad Smith Coliseum.
Kenny Boynto
No. 6 Kentucky routs Auburn >>
Auburn, AL (Sportsbook Betting Lines) - A'dia Mathies scored 20 points while Samarie
Walker pulled down 15 rebounds as No. 6 Kentucky took down Auburn, 66-48.
Maegan Conwright added 10 points for Kentucky (19-2, 8-0 SEC), which forced 30
Auburn t
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.