CHL, IHL merge to form 'AA' level super league

Hockey Betting Lines

06/01/2010 - Tempe, AZ (Sportsbook Betting Lines) - The Central Hockey League (CHL) and the International Hockey League (IHL) have entered into a letter of intent to form a "AA" level super league beginning in the 2010-11 season, the leagues announced in a joint statement.

The newly formed minor hockey league will play under the CHL name, with the identity of the IHL being maintained through various aspects, according to the release, which also stated that further details would be ironed out this week.

"The arrangement between the CHL and the IHL should create an innovative and exciting "AA" level professional hockey league which is scheduled to start play in the 2010-2011 season," IHL Commissioner Dennis Hextall said. "The two leagues each have longstanding histories and share the common goal of solidifying minor professional hockey for our players, our passionate fans and their communities. I believe this arrangement will enable our teams to recruit the best young talent to join our league, with the potential of improving their game and moving up to the higher leagues."

"This is an exciting day for our teams and markets," CHL Commissioner Duane Lewis said. "Both leagues have worked hard to establish tremendous entertainment at a great value for their fans, and by combining our resources we believe we can strengthen those efforts providing greater fan interest as well as a stronger brand."

Operating guidelines will be discussed at the league meetings in June.

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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.

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 - Super Bowl 2009

Super Bowl 2009, the Arizona Cardinals and the Pittsburgh Steelers.

Let’s take a look at the Super Bowl 2009 betting odds and the betting line and figure out where they’ve been and where they are going to go.

MySportsbook.com put up the Super Bowl 2009 betting odds late on Sunday night with the Pittsburgh Steelers favored by 6.5 points and a total betting line at 47.5 points.

Since then, however, the Super Bowl 2009 betting odds have seen a good deal of movement and you’ll want to be on top of where they are likely to move to make sure you get the best line value for the big game.

Since opening, the Super Bowl 2009 betting lines went to Steelers -7 in the span of roughly 3 hours but were quickly bought back down just minutes later to 6.5 again.

After that is took about 5-6 more hours before the betting line went back to -7 where it has sat for a while now and is likely to remain. The opening betting total of 47.5 was bet down right after the line became available and went to 47 within minutes.

Roughly a day later it has been bet even further down to the 46.5 tally it currently is set at.

Roughly 60% of gamblers seem to be on the Cardinals here so the point spread will be bet down and a 7.5 would not last very long at all with many taking the early 6.5 in hopes of finding a potential middle in the Super Bowl 2009 betting odds.

If you like Arizona and see a 7.5, I’d take it as soon as possible because it’s unlikely to last. For Pittsburgh backers, the -7 might be the best you’ll be able to find but a 6.5 is definitely possible close to game time.

Regarding the Super Bowl 2009 betting odds for the total, most tracked gamblers are already on the over and with those who took the under 47.5 already securing a middle on the over 46.5, the only way I see it moving is back up to 47 so if you like the over, I’d recommend betting now.

Get free Super Bowl XLIII Betting from top rated online sportsbook MySportsbook.com. Mysportsbook.com online Super Bowl betting with credit cards