09/29/2008 - Miami, FL (Sportsbook Betting Lines) - The Miami Heat began training camp with a shake up in the front office, as general manager Randy Pfund resigned in the midst of a major rebuilding project in South Beach.
Pfund oversaw a NBA-worst club that won just 15 games last season, however he will be best remembered for putting together the 2006 NBA championship team and several other successful units over 13 seasons as Miami's general manager.
"Randy Pfund has done a tremendous job for the Heat, helping to build this team into a champion," said Heat vice president Pat Riley. "His work ethic and contributions to this organization have been invaluable. I've known Randy for over 20 years and in addition to our great working relationship he has been a wonderful friend to both Chris and me and our family."
Under Pfund's leadership, the Heat made 10 postseason berths, including a franchise-record six consecutive playoff appearances from 1996-2001.
Pfund was part of a group responsible for drafting talents like Dwyane Wade, Caron Butler and his past season's draft pick Michael Beasley. Some of his lesser publicized, but just as integral, player moves include Udonis Haslem, Malik Allen, Rafer Alston, Bruce Bowen and Issac Austin.
<< NFL Inactives (Monday, September 29, 2008)
Philadelphia, PA (Sportsbook Betting Lines) - The following is a list of inactive players
for tonight's NFL game.
BALTIMORE RAVENS AT PITTSBURGH STEELERS, 8:30 P.M. (ET)
Ravens - 3rd QB Troy Smith, CB Samari Rolle, S Dawan Landry, CB Evan Oglesby,
<< Celtics re-sign Cassell
Boston, MA (Sportsbook Betting Lines) - The Boston Celtics signed guard Sam Cassell on
Monday. Per team policy, terms of the deal were not disclosed.
Cassell joined the Celtics last season after he was waived by the Los Angeles
Clippers. He played
<< Jets safety Smith suspended one game for hit on Boldin
New York, NY (Sportsbook Betting Lines) - The NFL suspended New York Jets safety Eric
Smith one game and fined him $50,000 for his helmet-to-helmet hit on Arizona
Cardinals wide receiver Anquan Boldin in the Jets' 56-35 victory on Sunday.
Smith w
<< Tigers' hurler Garcia leaves game
Chicago, IL (Sportsbook Betting Lines) - Detroit Tigers starting pitcher Freddy Garcia
left Monday's game in the sixth inning with an undisclosed injury.
Garcia started the frame by walking Chicago's Dewayne Wise, then after Wise
stole second,
Padres retain Black, but not bench coach Colbert >>
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres announced Monday that
manager Bud Black and the majority of his coaching staff will return in 2009,
with the exception of bench coach Craig Colbert.
"We have the confidence and tru
Steelers' Mendenhall leaves game with shoulder injury >>
Pittsburgh, PA (Sportsbook Betting Lines) - Pittsburgh Steelers running back Rashard
Mendenhall left his first career start, a Monday night game against the
Baltimore Ravens, early in the third quarter with a left shoulder injury.
Mendenha
Report: Penguins' D Gonchar out until March >>
Pittsburgh, PA (Sportsbook Betting Lines) - The Pittsburgh Penguins will reportedly miss
defenseman Sergei Gonchar until March as he recovers from surgery following a
dislocated left shoulder.
The Pittsburgh Tribune-Review reported Monday night
Steelers edge Ravens in bruising OT affair >>
Pittsburgh, PA (Sportsbook Betting Lines) - Jeff Reed's 46-yard field goal in overtime
gave Pittsburgh a 23-20 victory over Baltimore in a black-and-blue AFC North
battle at Heinz Field.
Ben Roethlisberger battled a sore throwing hand to comple
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 sportsbook got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
Terrell Owens will address the media at a 3:15 p.m. ET news conference outside the Cowboys' practice facility after an internal police report indicated he tried to kill himself by overdosing on prescription pain medication, even putting two more pills into his mouth after a friend intervened.
The Dallas police report said Owens was asked by rescue workers "if he was attempting to harm himself, at which time [he] stated, 'Yes.'"
Owens left the hospital late Wednesday morning, giving reporters a "thumbs up" but making no comment as he was driven away in an SUV.
Michael Irvin said that Owens denied he attempted suicide and said he was rushed to the hospital as a result of an adverse reaction to medication. And a source close to Owens told Michael A. Smith that Owens wasn't attempting suicide.
NFL Network analyst Deion Sanders said he spoke with Owens shortly before his release from the hospital and that Owens was in good spirits.
"The fact that it has been reported a suicide attempt, he's laughed at that notion. It was a case that medication that was taken wasn't accepted well in his system with the other vitamins he's on," Sanders said.
The series of events began a little before 8 p.m. Tuesday.
Owens' publicist, Kim Etheredge, said she was at Owens' home when he took pain medicine for his broken right hand. Concerned by how he began acting, Etheredge said in various interviews Wednesday with Dallas-area media that she called 911. Owens was taken to a hospital, with Etheredge saying it was an allergic reaction to the medicine.
But early Wednesday, several media outlets received a police report -- that had yet to be released by the authorities -- saying Owens had attempted suicide by overdosing on the painkillers, even putting two more pills into his mouth after an unidentified friend intervened.
The police document, first reported by WFAA-TV, said Owens was asked by rescue workers "if he was attempting to harm himself, at which time [he] stated, 'Yes.'"
When officially released by police, about half the document was blacked out, including the phrases "attempting suicide by prescription pain medication" and "a drug overdose," as well as the details of Owens having two pills pried from his mouth and Owens saying "Yes" when asked if he intended to harm himself.
Etheredge, who said she was the friend cited in the police document, told Dallas-area media Wednesday that the police got the story wrong.
The tape of the 911 call could help clear things up. The Associated Press filed a request under the Freedom of Information Act to get its contents, but fire department officials said it would not be available before late Wednesday.
The police report said the 32-year-old Owens told his friend "that he was depressed." Details of the police report were first reported by WFAA-TV.
The friend, who is not identified in the report, "noticed that [his] prescription pain medication was empty and observed [Owens] putting two pills in his mouth," the police report said.
Using her fingers, the friend attempted to pry them out of Owens' mouth. Owens told police he had taken only five of the 40 pain pills in the bottle he'd emptied before the incident.
Etheredge told the Star-Telegram that Owens was "fine."
Etheredge said she called 911 because Owens was groggy and lethargic. After taking some supplements "it kicked in a reaction" with the painkillers, she told the Star-Telegram.
"Here's a person whose body is so clean, it really had a negative reaction to the medication and supplements he was taking," Etheridge told The Morning News. "Thank goodness someone was there to call an ambulance."
Police Lt. Rick Watson said he could only confirm that paramedics called police to say they were taking Owens to the hospital. He said no more details would come from the police because no laws were broken.
It is not a crime in Texas for a person to attempt suicide.
"This is a high-profile person. We looked into it and we determined it is not a criminal offense," Watson said. "This a medical type of situation that occurred."
Watson and fire department spokesman Joel Lavender cited privacy laws for the lack of information they could provide. Lavender said more details could come from the 911 call. The Associated Press filed a request under the Freedom of Information Act to get the contents of the call.
"Let's just look at the tape, review the tape," Lavender said. "I'll give you an honest answer once I know something."
At the police news conference, Watson released a version of the police narrative with certain sections blacked out. The full report was obtained by several news outlets and reported first by WFAA. The AP received the full version from WFAA.
According to the police report, Dallas Fire and Rescue was called regarding someone "attempting suicide by prescription pain medication." Officers arrived to find Owens being stabilized by ambulance workers, who then took him to Baylor University Medical Center.
Owens was hospitalized late Tuesday because of what his publicist said was an allergic reaction to pain medicine he was taking for a broken hand. Doctors reportedly tried to induce vomiting.
Owens, one of the league's top receivers during his 11-year NFL career, is best known for wild stunts on the field and other publicity-seeking antics off it.
When the Cowboys signed him to a $25 million, three-year deal in March, they said their background checks indicated no red flags. In fact, team consultant Calvin Hill -- who mostly deals with troubled players -- said during training camp that his department was not involved with Owens because he didn't have a history of those kinds of problems.
He missed most of training camp, and three of four preseason games, because of a hamstring injury. He was late for work during his recovery and was fined for it, but Owens laughed it off, saying he overslept. He said it had happened before, though not with Dallas, and would probably happen again.
Owens broke the bone leading to his right ring finger during a game a week ago Sunday. The next day, doctors screwed in a plate so the bone could heal without fear of further damage. Cowboys coach Bill Parcells said last week that the pain medicine made Owens ill.
Owens had not practiced since the injury, but because Dallas had a bye this past weekend he did not miss a game. He was expected to practice Wednesday, and Parcells had said there was a chance Owens could play Sunday against Tennessee.
Owens had been especially looking forward to the Cowboys' game after that -- Oct. 8, in Philadelphia, against the team that dumped him midway through last season only months after he helped them nearly win the Super Bowl.
Owens was seen laughing and joking on the practice field Tuesday morning. He chatted briefly with reporters in the locker room in the afternoon and seemed fine. A 2-inch scar on the top of his hand was puffy but not wrapped, and he said the swelling was doing down.
While in the locker room, he took a pill from a white paper bag and looked at another medicine bottle that was in the bag. He also called a business partner about a towel-wrap venture they're starting and joked to TV cameras that he wasn't talking until Wednesday and it was only Tuesday.
"My little boy knows better than that," he said, laughing, as he plopped onto a sofa in the middle of the locker room.
Also Tuesday, Owens was involved in launching a national campaign for the National Alliance to End Abuse, an organization aimed at helping at-risk youngsters. He appeared at a high school Tuesday morning and was scheduled to visit others but had to cancel because of changes in the team's practice schedule.
Owens has played two games for the Cowboys, catching nine passes for 99 yards and a touchdown. For updated football betting lines and Dallas Cowboy Superbowl odds visit online sportsbook MySportsbook.com
To visit this online sportsbook got to MySportsbook.com for all your VISA Sportsbook needs.
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