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09/04/2010 - Toronto, ON (Sportsbook Betting Lines) - The Atlanta Thrashers appear to have signed veteran forward Fredrik Modin.
TSN of Canada on Saturday quoted the Swedish paper Aftonbladet as saying it's a one-year deal, but no terms of the deal were disclosed.
Modin, who has been plagued by a variety of injuries over the last three seasons, played just 44 games combined last season between Columbus and Los Angeles, posting five goals and 11 points.
In his last healthy campaign, the native of Sweden recorded 22 goals and 42 points in 79 games with the Blue Jackets in 2006-07.
Since breaking into the NHL in 1996-97 with Toronto, the 35-year-old has tallied 225 goals and 452 points in 858 NHL contests with the Maple Leafs, Lightning, Blue Jackets and Kings.
He was a Stanley Cup winner in 2004 with Tampa Bay.
<< TE Havner chopped as Packers reach 53-man limit
Green Bay, WI (Sportsbook Betting Lines) - Tight end Spencer Havner was among the players
released by the Green Bay Packers on Saturday, as the team reduced its roster
to the 53-player maximum.
Havner, who appeared in every game for Green Bay last yea
<< WR Hardy among Bills' cuts
Orchard Park, NY (Sportsbook Betting Lines) - Former second-round pick James Hardy was
among the players released by the Buffalo Bills on Saturday, as the team
reduced its roster to the 53-player maximum.
Hardy, the No. 41 overall pick out of Indiana
<< Rockies send flailing Padres to ninth straight loss
San Diego, CA (Sportsbook Betting Lines) - Todd Helton and Carlos Gonzalez both knocked
in two runs to help the Colorado Rockies send the spiraling San Diego Padres
to a ninth straight loss with a 6-2 win at PETCO Park.
Troy Tulowitzki had two hits
<< Dolphins release QB White, TE Martin on cut day
Davie, FL (Sportsbook Betting Lines) - Quarterback Pat White and tight end David Martin
were among the prominent players released by the Miami Dolphins on Saturday, as
the team pared its roster to the 53-player minimum.
White was selected in the secon
Seahawks cut Houshmandzadeh, 20 more >>
Renton, WA (Sportsbook Betting Lines) - Veteran wide receiver T.J. Houshmandzadeh was
given the boot by the Seattle Seahawks on Saturday after spending just one
season with the team.
The release of Houshmandzadeh came amid several moves by the Seahawk
Jaguars get to 53; Williamson and Alexander among cuts >>
Jacksonville, FL (Sportsbook Betting Lines) - Wide receiver Troy Williamson and safety
Gerald Alexander were among the notable players cut by the Jacksonville Jaguars
on Saturday, as the team reduced its roster to 53 players.
Williamson, the No. 7 ove
McMurray holds off Busch for Atlanta Nationwide win >>
Hampton, GA (Sportsbook Betting Lines) - Jamie McMurray won his first Nationwide Series
race in nearly six years by taking Saturday's Great Clips 300 at Atlanta Motor
Speedway.
McMurray, who won the Daytona 500 and the Brickyard 400 in the Sprint Cup
Chiefs deal S Page to Patriots >>
Kansas City, MO (Sportsbook Betting Lines) - The Kansas City Chiefs traded veteran
safety Jarrad Page to the New England Patriots for an undisclosed draft pick.
Page started in 39 of the 53 games he played in for the Chiefs over the first
four
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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.
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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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