Heat respond to Haslem's drug possession charge

Basketball Betting Lines

08/16/2010 - Miami, FL (Sportsbook Betting Lines) - The Miami Heat organization responded on Monday to forward Udonis Haslem's drug possession and unlawful speeding charges stemming from a traffic stop on Sunday.

"We are aware of the incident involving Udonis Haslem yesterday afternoon, and while we fully support our players, since this is a pending legal matter we will have no further comment at this time," Heat president Pat Riley said.

Miami-Dade County court records show Haslem was charged with possessing over 20 grams of marijuana. According to the Miami Herald, the traffic stop happened around 3 p.m. (et) when Haslem was stopped for driving 78 m.p.h. in a 60 m.p.h. zone.

Haslem has spent his entire seven-year career with the Heat and recently signed a five-year contract with the team this past offseason rather than taking more lucrative offers to play elsewhere.

Xp900 Basketball Betting News

<< Mets closer Rodriguez has ligament tear
Houston, TX (Sportsbook Betting Lines) - New York Mets closer Francisco Rodriguez has a ligament tear in his right thumb, and it has been recommended that he undergo surgery to repair the injury. Rodriguez did not travel with the Mets to

<< Happy days are here again for Harvick
Brooklyn, MI (Sportsbook Betting Lines) - Kevin Harvick was enduring a miserable season at this point in 2009, as he sat 23rd in the Sprint Cup Series point standings. One year later, "Happy Harvick" is smiling more than ever after winning his third race

<< Texans rookie RB Tate done for season
Houston, TX (Sportsbook Betting Lines) - Houston Texans rookie running back Ben Tate will miss the season due to a fractured ankle, head coach Gary Kubiak announced on Monday. Tate was carted off the field in the third quarter of Saturday

<< Rezai advances; Peer exits Rogers Cup
Montreal, QC (Sportsbook Betting Lines) - Sixteenth-seeded Frenchwoman Aravane Rezai moved on, while 14th-seeded Israeli Shahar Peer went by way of an opening- round upset Monday at the $2 million Rogers Cup, a U.S. Open tune-up. Rezai came from behin

<< Rangers OF Cruz hits DL again
St. Petersburg, FL (Sportsbook Betting Lines) - The Texas Rangers placed outfielder Nelson Cruz on the 15-day disabled list Monday with a left hamstring strain. The move is retroactive to August 15. It's the third time the 30-year-old has b

NIT tip-off field, brackets announced >>
New York, NY (Sportsbook Betting Lines) - The National Invitation Tournament announced the field for its 16-team Tip-off tournament on Monday, installing Villanova as the top seed. Other teams in the field for the event, set to begin November

McGrady signs on in Motown >>
Auburn Hills, MI (Sportsbook Betting Lines) - The Detroit Pistons announced the signing of veteran swingman Tracy McGrady to a one-year contract Monday. According to the Detroit Free Press, McGrady will play for the league minimum of $1.35 million f

Saints take Meachem off PUP list >>
Metairie, LA (Sportsbook Betting Lines) - The New Orleans Saints activated wide receiver Robert Meachem off the physically unable to perform list Monday. Meachem took to the practice field for the first time since undergoing toe surg

Lions put Dizon on IR, take Simpson off PUP list >>
Allen Park, MI (Sportsbook Betting Lines) - The Detroit Lions placed linebacker Jordon Dizon on injured reserve Monday and activated safety Ko Simpson off the physically unable to perform list. Dizon, primarily a special teams contributor

Cowboys owner recovering from shoulder surgery >>
OXNARD, Calif. (AP) -Cowboys owner Jerry Jones shakes so many hands and signs so many autographs that he recently had an operation to repair damage to his right shoulder.At least, that's the way Jones likes to explain it.The real story is that he hu

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.