West Virginia set to join Big 12 in July
NCAA Football Betting Lines
02/14/2012 - Morgantown, WV (Sportsbook Betting Lines) - West Virginia and the Big East have agreed to settle their lawsuits, enabling the university to leave the conference and join the Big 12 in July.
West Virginia athletic director Oliver Luck would not disclose terms of the settlement, but said in the school's release that no state or taxpayer funds, tuition or academic support money would be used.
The Charleston Daily Mail had reported last week that the Big East will receive about $20 million in exchange for allowing West Virginia to leave prior to the 27-month notification period as required by the conference's bylaws. The paper had indicated that West Virginia would pay $11 million with the Big 12 schools combining to supplement the remainder of the financial transaction.
"This closes a chapter and opens a new one filled with exciting possibilities for WVU's future," Luck said. "I've heard from Mountaineer fans across the country who have made it very clear that they are proud and honored to be heading into the Big 12."
West Virginia announced its decision to defect from the Big East and join the Big 12 in October, making the move about a month after both Syracuse and Pittsburgh announced its departures to the ACC. While Syracuse and Pittsburgh both decided not to challenge the Big East's departure bylaw, West Virginia did.
In filing a lawsuit against the Big East, West Virginia had argued that it wanted to leave immediately because no such 27-month period of notification was needed for TCU, which had agreed to join the Big East for the start of the 2012-13 year and instead decided to join the Big 12.
The Big East countersued in Rhode Island, saying the 27-month rule did not apply to TCU because it had not yet participated in conference play.
While the legal process was playing out, the Big 12 and Big East were unable to finalize football schedules for 2012. The settlement now allows the Big 12 to remain with 10 members, as TCU and West Virginia will replace the outgoing Missouri and Texas A&M -- both departing for the SEC.
"Our membership in the Big 12 offers WVU significant advantages," Luck added. "The Big 12 is a strong and vibrant conference academically and athletically. We look forward to the potential academic and athletic partnerships and financial opportunities that membership in the Big 12 offers."
The Big East will now have just seven schools for football in 2012, unless one of the incoming members announced in its expansion plans can be persuaded to join early.
The new schools slated to join the league -- at different intervals -- are Memphis, Central Florida, SMU and Houston as full members and Boise State, San Diego State and Navy for football only.
(Sportsbook Betting Lines) - The New York Rangers have established themselves as the top team in the East and the Blueshirts will try to increase their conference lead when they visit the Boston Bruins tonight at TD Garden. With 77 points, the Rangers
<< Sens begin road trip in Tampa
(Sportsbook Betting Lines) - After having little success on a recent five-game
homestand, the Ottawa Senators hope to have more luck when they kick off a
road trip tonight by battling the Tampa Bay Lightning at Tampa Times Forum.
The Senators went 1-2
<< Blues roll into Columbus
(Sportsbook Betting Lines) - The St. Louis Blues will try to extend their winning streak
to a season-high five games when they visit the lowly Columbus Blue Jackets
tonight at Nationwide Arena.
St. Louis is in the midst of its fifth four-game win stre
<< Devils try to bounce back in Buffalo
(Sportsbook Betting Lines) - The New Jersey Devils will try to get back in the win
column this evening when they visit the Buffalo Sabres for a clash at First
Niagara Center.
The Devils had won a season-high five straight heading into a two-game
home
<< Hawks commence trek against Lakers
(Sportsbook Betting Lines) - Atlanta will kick off a five-game road trip tonight at
Staples Center when they take on a Lakers team returning from its annual
Grammy trek.
The Hawks, who will also visit Phoenix, Portland, Chicago and New
(Sportsbook Betting Lines) - The Detroit Red Wings will try to set a new NHL record for the longest home winning streak in league history when they host the Dallas Stars tonight at Joe Louis Arena. Detroit matched a league standard with its 20th conse
Surging Ducks visit Minnesota >>
(Sportsbook Betting Lines) - The Anaheim Ducks continue to dig themselves out of an
early-season hole that has made reaching the playoffs a difficult task.
They'll try to pick up their latest victory over a Minnesota Wild team that
continues to move sout
Blackhawks try to end lengthy slide in Nashville >>
(Sportsbook Betting Lines) - The Chicago Blackhawks didn't look like a team ready to
break out of their longest slump in four years the last time they hit the ice.
Doing so against the Nashville Predators may prove difficult as well.
The Blackhawks ho
Sliding Leafs shoot for rare win in Calgary >>
(Sportsbook Betting Lines) - Given that Toronto hasn't won in Calgary in over nine
years, the club didn't pick the best time to go on a three-game losing streak.
The Maple Leafs hope to avoid posting their longest skid of the season this
evening and s
Nets waive Bogans; sign Andre Emmett >>
East Rutherford, NJ (Sportsbook Betting Lines) - The New Jersey Nets have waived guard
Keith Bogans, just a day after he underwent surgery that will keep him
sidelined for the remainder of the season.
Bogans had a torn deltoid ligament re
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.
Super Bowl XLIII Betting Odds
Super Bowl XLIII, the Arizona Cardinals and the Pittsburgh Steelers.Super Bowl XLIII is now set, the Arizona Cardinals and the Pittsburgh Steelers will meet each other on February 1st in Tampa's Raymond James Stadium to battle it out for the coveted Lombardi Trophy. The game kicks off at 6:00pm ET on NBC with announcers Al Michaels and John Madden covering the on-field action. Super Bowl XLIII betting odds at online bookmaker MySportsbook.com have the Steelers listed as an early -6.5 against the spread favorite.Super Bowl XLIII Betting Odds
Pittsburgh earned their passage to the big game by beating their division rival, the Baltimore Ravens, 23-14 in yesterday's AFC Championship Game. The Steelers jumped on Baltimore early, building a 13-0 first half lead, and never let up on their way to a fairly easy win. Although the Ravens did close to within two points in the fourth quarter, it never appeared as if they had enough offense to pull off the upset.
The Steelers dominating defense held Baltimore to a total of 198 yards while allowing them to convert just three third downs in 13 attempts. Pittsburgh also forced quarterback Joe Flacco into three interceptions, one of which safety Troy Polamalu returned fourty yards for a touchdown.
The Cardinals, by far the playoff team with the longest odds to reach Super Bowl XLIII, did so yesterday with a 32-25 upset of the Philadelphia Eagles in the NFC Championship. Arizona charged out of the gates and built a 24-6 halftime lead that had the Eagles venerable defense reeling. Quarterback Kurt Warner and wide receiver Larry Fitzgerald did most of the damage, connecting on three first half touchdowns.
Arizona, however, could not sustain their momentum and the Eagles took a 25-24 with 10:45 left to play in the fourth. The Cardinals, with the franchise's first Super Bowl appearance hanging in the balance, mounted a fourteen play, 72 yard touchdown drive that consumed 7:52 off the clock. Warner hit running back Tim Hightower on a short screen for the go-ahead, game clinching score that will forever live in Cardinal infamy.
MySportsbook.com's Super Bowl XLIII Betting Odds:
Pittsburgh Steelers -6.5 (-110), Over 46.5 (-110), -260 (Money line)
Arizona Cardinals +6.5 (-110), Under 46.5 (-110), +220 (Money line)
Matt Foust won both of his conference championship plays yesterday and he is ready to serve up plenty of Super Bowl action. Each individual play costs $15.00, however, MySportsbook.com recommends purchasing Matt's NFL Playoff Package which includes all of Matt's Super Bowl props and picks from just $45.00.
Get free Super Bowl XLIII Betting from top rated online sportsbook MySportsbook.com. Mysportsbook.com online Super Bowl betting with credit cards