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05/05/2010 - Hempstead, NY (Sportsbook Betting Lines) - Hofstra University named Mo Cassara head coach of the men's basketball team on Wednesday, just two days after Tim Welsh resigned following his DWI arrest.
Cassara spent the last four years as an assistant at Boston College, where he was heavily involved with recruiting, scouting, off-season workouts and scheduling.
"We have had the opportunity to see Mo's dynamic leadership, energy and enthusiasm in action," said Hofstra president Stuart Rabinowitz. "His experience with college basketball, his passion for the game, and his desire to work with student-athletes in all facets of their development, will serve our basketball team well and help take our program to the next level of excellence."
Prior to joining Boston College, Cassara served as the head coach at Clark University, a Division III program, for two years (2004-06). He also had a one-year stint as an assistant at Dayton in 2003-04.
Cassara agreed to a multi-year contract to replace Welsh, who was reportedly arrested on the morning of April 30.
According to the New York Daily News, the 49-year-old Welsh was found asleep at the wheel at a green light. He registered a .18 on a breath test, more than twice the legal limit, and was charged with driving while intoxicated. He later pleaded not guilty at his arraignment.
Welsh had been hired on March 31 to succeed Tom Pecora.
<< This Week in Auto Racing May 2 - 7
Darlington, SC (Sportsbook Betting Lines) - NASCAR Sprint Cup and Nationwide Series
teams spend this Mother's Day weekend at Darlington Raceway, while Formula One
competes in Europe for the first time this season with the Spanish Grand Prix
in Barc
<< AP Source: Hornets interview Fratello
NEW ORLEANS (AP) -A person familiar with the meeting says the New Orleans Hornets have interviewed Mike Fratello, the third candidate to meet with the club about its vacant head coaching job.Hornets executives met with Fratello in Cleveland on Wedne
<< Temple's Golden, Dunphy get new contract extensions
Philadelphia, PA (Sportsbook Betting Lines) - Temple University head football
coach Al Golden and head men's basketball coach Fran Dunphy received lengthy
contract extensions on Wednesday.
For Golden, it is a five-year extension, while D
<< Serena, Venus reach Rome quarters
Rome, Italy (Sportsbook Betting Lines) - Reigning world No. 1 Serena Williams
and her former top-ranked big sister Venus were a pair of third-round victors
Wednesday at the $2 million Italian Masters, a clay-court French Open
tune-up
Keselowski looking for third win in a row >>
Darlington, SC (Sportsbook Betting Lines) - Series: NASCAR Nationwide. Date: Friday, May
7. Race: Royal Purple 200. Site: Darlington Raceway. Track: 1.366-mile oval.
Start time: 7:30 p.m. (et). Laps: 147. Miles: 200.8. 2009 winner: Matt
Kenseth. Televisi
Motherwell rallies for draw in 12-goal thriller >>
Motherwell, Scotland (Sportsbook Betting Lines) - Lucas Jutkiewicz scored in stoppage
time to cap a four-goal rally in the final 23 minutes of a thrilling 6-6 draw
with Hibernian at Fir Park Stadium on Wednesday, keeping the Steelman in
fourth
No Bradley in Mariners' starting lineup >>
SEATTLE (AP) -Milton Bradley is not in the Seattle Mariners' starting lineup one day after he left the stadium following his benching by manager Don Wakamatsu.Ryan Langerhans is listed as the starter in left field for Wednesday's game against Tampa
Ainge comes clean in Cleveland towel incident >>
WALTHAM, Mass. (AP) -Danny Ainge says he regrets tossing a towel in the air to distract a Cavaliers player during a free throw attempt.The Celtics GM told WEEI-AM in Boston he behaved unprofessionally during Game 2 of the Eastern Conference semifina
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.
Barry Bonds Watch: Giants Slugger Says He'll Be Back
With only 21 home runs standing between him and Hank Aaron, Barry Bonds is indeed planning on coming back for more in 2007. At least, that's what his agent told the Los Angeles Times.
"Barry's going to play in 2007," Jeff Borris of Beverly Hills Sports Council told the Times on Tuesday. "I've had many discussions with Barry and he's going to play. My intentions are to see to it he's in a big-league uniform next season. Those are my marching orders."
Contract negotiations could get started as early as next week. Let's see which team has the deeper pockets. Will MLB baseball betting lines despite allegations of steroid use? Bet On It at www.MySportsbook.com .
Get all your baseball betting lines, MLB lines and MLB team props at the My Sportbook.
To visit this online sportsbook got to MySportsbook.com for all your baseball sportsbook needs.
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