Chiefs bring back WR Chambers

Football Betting Lines

03/08/2010 - Kansas City, MO (Sportsbook Betting Lines) - The Kansas City Chiefs re-signed wide receiver Chris Chambers on Monday. Details of the contract were not announced.

The 11-year veteran started the last nine games in 2009 and had 36 catches for 608 yards with four touchdowns, after Kansas City claimed the wide out off waivers from San Diego.

Chambers was drafted in the second round by the Miami Dolphins and earned a trip to the Pro Bowl in 2005. He has accumulated 518 receptions for 7,435 yards with 57 touchdowns in 140 regular season games (120 starts) with the Dolphins, Chargers and Chiefs.

Wwwsportsnetwork Football Betting News

<< Senators sign D Lee to two-year contract
Ottawa, ON (Sportsbook Betting Lines) - The Ottawa Senators have signed defenseman Brian Lee to a two-year contract. The 22-year-old Lee has split time this season between Ottawa and Binghamton of the American Hockey League. In 18 NHL games, Lee h

<< NASCAR needs to control on-going Edwards-Keselowski feud
Hampton, GA (Sportsbook Betting Lines) - Prior to the start of the 2010 season, NASCAR essentially told Sprint Cup Series drivers, "Boys, have at it and have a good time." Perhaps NASCAR should redefine its new rules on allowing more on-track freedom for

<< Pennington re-ups with Dolphins
Miami, FL (Sportsbook Betting Lines) - The Miami Dolphins officially re-signed quarterback Chad Pennington on Monday. The Miami Herald reported last week Pennington inked a one-year contract worth $2.5 million to remain with the Dolphins

<< Wigan knocks off Liverpool
Wigan, England (Sportsbook Betting Lines) - Hugo Rodallega's 35th-minute goal allowed Wigan to claim a surprising 1-0 win over Liverpool at the DW Stadium on Monday, putting a dent in the Champions League hopes of the Reds. Rodallega scored

<< Hawaii fires men's basketball coach Nash
Honolulu, HI (Sportsbook Betting Lines) - The University of Hawaii announced Monday it has fired head men's basketball coach Bob Nash. Hawaii went 10-20 and did not qualify for the Western Athletic Conference Tournament this season, Nash's thi

Bills sign OL Green >>
Orchard Park, NY (Sportsbook Betting Lines) - The Buffalo Bills have signed offensive lineman Cornell Green to a multi-year contract. Green, who will turn 34 years old this August, spent the last three seasons with the Oakland Raiders and made 3

Panthers release FB Hoover >>
Charlotte, NC (Sportsbook Betting Lines) - The Carolina Panthers have released veteran fullback Brad Hoover, the team announced Monday. Hoover has spent all 10 of his NFL seasons with the Panthers, and last season played in 11 games, serving as

Redskins bring back Rabach >>
Ashburn, VA (Sportsbook Betting Lines) - The Washington Redskins have re-signed center Casey Rabach, the team announced Monday. Rabach has spent the last five seasons with the Redskins and has been extremely durable, making 79 starts in tha

Seattle University's Garcia to declare for NBA Draft >>
Seattle, WA (Sportsbook Betting Lines) - Seattle University power forward Charles Garcia announced Monday he plans to declare for the 2010 NBA Draft at the end of the season. The 6-foot-10 junior averaged a team-best 18.7 points and 8.3 rebound

Boston signs 13 >>
Fort Myers, FL (Sportsbook Betting Lines) - The Boston Red Sox agreed to terms with 13 players on one-year contracts for the 2010 season on Monday. No further terms were disclosed. Agreeing to terms were pitchers Daniel Bard, Michael Bowden, Cla

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.