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04/02/2007 -
NEW YORK (AP) -The exhibition game scheduled for China in August was postponed Monday by the NFL, which said it wanted to concentrate its ``global resources'' on next October's regular-season game in London.
The game had been set for Aug. 9 in Beijing, the second of two consecutive contests between the New England Patriots and Seattle Seahawks, who had been scheduled to meet in Seattle the previous week. NFL spokesman Michael Signora said Monday that game also had been called off.
Although San Francisco and Arizona met in Mexico City in 2005, the NFL has never played a regular-season game outside North America. The first will take place in London on Oct. 28 between the New York Giants and Miami Dolphins, with Miami designed the ``home'' team.
Mark Waller, head of NFL International, said that game takes precedence, forcing the cancellation of the first China game, which now is tentatively scheduled for 2009 - the Olympics will be held in Beijing next summer.
``Our assessment is that Chinese fans would be better served if our game in China is played at a later date after we have launched our international series of regular-season games and more effectively paved the way for the introduction of our game into China,'' Waller said in a statement issued by the league.
``As a new sport in China, it is critical that we create the best platform for the introduction of the game. We are delighted Beijing authorities have agreed with our assessment and have invited us to play in Beijing in 2009.''
The league is currently setting up an office in Beijing.
Patriots spokesman Stacey James said the Patriots remained interested in playing a game in China. He also noted the Patriots in 2004 became the first NFL team to launch a Web site in China.
The Seahawks called the cancellation a ``missed opportunity.''
``Although we certainly understand, we are disappointed with the missed opportunity and remain interested in the future,'' Seahawks chief executive officer Tod Leiweke.
Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
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(Sportsbook Betting Lines) - The new-look Oakland Athletics get their 2007 season going
this evening with the start of a three-game series against the Seattle
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Phil Jackson, Roy Williams highlight 2007 Hall class >>
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NCAA Championship Scores >>
2006 - Florida 73, UCLA 572005 - North Carolina 75, Illinois 702004 - Connecticut 82, Georgia Tech 732003 - Syracuse 81, Kansas 782002 - Maryland 64, Indiana 522001 - Duke 82, Arizona 722000 - Michigan State 89, Florida 761999 - Connecticut 77, Duke
Exclusive club has its own dinner >>
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Heath agrees to 5-year contract to coach South Florida >>
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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.
"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.
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