Lin, Knicks try to stay hot vs. Lakers

Basketball Betting Lines

02/10/2012 - (Sportsbook Betting Lines) - The flavor of the day in Gotham faces another tough test on Friday, when Jeremy Lin and the Knicks play host to Kobe Bryant and the Lakers at Madison Square Garden.

Lin has exploded from obscurity over the past week, averaging 25.3 points and 8.3 assists during a three-game winning streak for New York. Most recently the Harvard product recorded 23 points and 10 assists as the Knicks downed the Washington Wizards, 107-93, in the nation's capital on Wednesday.

Lin was making just his second career start for the undermanned Knicks, who were without stars Amare Stoudemire and Carmelo Anthony. Tyson Chandler recorded 25 points and 11 rebounds in New York's eighth consecutive victory over Washington.

"I do what I can to help the team win every time I step on the floor and I'm not really worried about proving anything to anybody right now," said Lin.

Anthony will remain on the sidelines tonight with a strained right groin, while Stoudemire isn't expected back from grieving the death of his brother, who perished in a car accident, until next week.

The Lakers, meanwhile, improved to 2-2 on their annual Grammy road trip last night in Boston, taking a hard-fought 88-87 overtime victory over the Celtics. Andrew Bynum's late tip-in during the extra frame proved to be the difference in that one.

Bryant netted 27 points in Beantown while Bynum and Pau Gasol both had double- doubles on Thursday. Bynum totaled 16 points and 17 rebounds, while Gasol added 25 and 14, including a tip-in with 9.8 seconds left in regulation that tied things at 82.

Bryant, of course, loves playing at the World's Most Famous Arena and has averaged an eye-popping 40.0 points per game in his last four visits to NYC.

Overall, the Knicks have lost nine in a row to Los Angeles, including four straight at MSG.

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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.

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Sportingbet easily forms the world's largest Internet gaming company, with a truly global outreach. This also provides added transparency and accountability to this online Sportsbook and thus provides more safety and security for our customers. MySportsbook offers betting lines on all major sporting events. Our staff of almost 400 people includes clerks ready 365 days a year, 24 hours a day to care for your needs.

MySportsbook's competent, experienced managerial staff and personnel are backed by a state-of-the art sports wagering software.

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