A legend is laid to rest
NCAA Football Betting Lines
01/27/2012 - Philadelphia, PA (Sportsbook Betting Lines) - Few college coaches embody an entire university and everything that the program, school and community as a whole stands for. Like Paul "Bear" Bryant in Tuscaloosa and Knute Rockne in South Bend, Happy Valley's rich history was carved out by the larger than life persona of Joe Paterno.
The Hall of Fame coach passed away last Sunday due to complications from lung cancer and although his abrupt dismissal from his post in November due to a child-sex scandal that rocked the foundations of the once teflon-coated school, we should never lose sight of one man's quest to do things the right way.
Paterno was born December 21, 1926, in Brooklyn, New York. He went on to play football at Brown University (1946-49) and landed at Penn State in 1950 under then head coach Rip Engle, Fifteen years later, Paterno took over for the retired Engle and remained at that post up until this past November.
Paterno amassed an FBS-record 409 victories in his 46 years at the helm, was named the National Coach of the Year five times, winning two national titles (1982, 86) and was inducted into the College Football Hall of Fame in 2006.
The man with the coke-bottle glasses, rolled up pant legs and classic wind- breaker, manned the sidelines in Happy Valley for nearly half a century, coaching five undefeated teams and two national championshps.
There were certainly times over the years that it seemed like the game had passed JoePa by, but he stayed the course and continued to build a program that achieved both on and off the field. He mentored thousands of young men that have gone on to live richly fulfilling lives. He stayed loyal to his university and although he certainly made his fair share of money, he funneled a good portion of it back into the school.
"His loss leaves a void in our lives that will never be filled," his family said in a statement.
"He died as he lived. He fought hard until the end, stayed positive, thought only of others and constantly reminded everyone of how blessed his life had been. His ambitions were far reaching, but he never believed he had to leave this Happy Valley to achieve them. He was a man devoted to his family, his university, his players and his community."
A well crafted statement that tells Paterno's tale far better than the events of the last few months.
The final chapter in the man's life should not be taken out of context and erase a lifetime of achievements.
Paterno's loyalty, although one of his greatest assets, was also a huge reason for his downfall.
It was in November that former PSU defensive coordinator Jerry Sandusky was arrested for a child-sex abuse scandal that tore apart a university that was up to that point, scandal-free.
Regret is something Paterno admitted in a Washington Post interview published a few days before his death.
"In hindsight," Paterno told the Post reporter, "I wish I had done more."
In the interview, Paterno said he was "afraid" to jeopardize university procedure after he was told by assistant coach Mike McQueary what McQueary had seen in a university locker room.
McQueary left out graphic details of the event according to Paterno, who then passed the information he had on to his superiors at the school.
"So I backed away and turned it over to some other people, people I thought would have a little more expertise than I did," Paterno said. "It didn't work out that way."
Certainly in looking back at the events that unfolded, it was naive on his part to "pass the buck" and hope for the best. However, naivety does in no way make him complicit in Sandusky's alleged crimes.
Being able to separate all the good from the obvious bad of late will be for each individual to decide and obviously there will be plenty of people at opposite ends of the spectrum when Paterno's name comes up in conversation.
For me, the indelible mark Paterno leaves on Penn State University, college football and academia as a whole, far outshines the Sandusky scandal that ultimately brought his extraordinary career to an abrupt end.
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MySportsbook.com refunds all bets on Oakland, Green Bay and Tampa Bay from NFL week one.
(September 14) – Week one of NFL action saw three teams go scoreless for the first time since 1977. Another four were unable to get a touchdown and almost half of the underdogs covered the spread. Those three teams saved bettors at MySportsbook.com from losing out completely, thanks to the company’s unique NFL Shutout Rule -- which ensures that if the team you backed goes scoreless, your wager is refunded.
Sportsbook refunded tens of thousands of dollars to customers who bet on Oakland, Green Bay and Tampa Bay, the three teams that stunk up the field so badly that their fans and backers never had a chance to get up from their couches and cheer. In the spirit of the low scoring start to the season, odds makers at the world’s largest online sportsbook and casino have set odds on how many total shutouts there will be this season.
MySportsbook.com has posted updated sports betting lines for week two of the season. Ben Roethlisberger’s health status is still questionable, so Willie Parker will try to lead Pittsburgh again as they travel to Jacksonville as a one point favorite. After beating up on his little brother last week, Peyton Manning will look to lead the Colts to victory against Houston. Indianapolis is a whopping 13.5 favorite in the match-up.
Seattle, last year’s highest scoring team, showed the power of their defense with their gritty 9-6 win in Motown over the ravenous Lions. They take their act back home to the comforts of Qwest Field where they will face the resurgent Arizona Cardinals. The Seahawks are favored by a touchdown.
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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.
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