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03/02/2010 - Portsmouth, England (Sportsbook Betting Lines) - Portsmouth's future remains unclear as they have been told they must return to the High Court later this month after Her Majesty's Revenue and Customs challenged the club's decision to go into voluntary administration.
HMRC believes administrator Andrew Andronikou is not independent and a judge has agreed, ruling that there was a 'shadow cast over the appointment of Pompey's administrators'.
The club entered administration last Friday but have yet to be deducted nine points as their future remains shrouded in doubt.
It is believed that Pompey, who are more than $90 million in debt, need $10.5 million to survive until the end of March and more than $21 million to keep going until the end of May.
Judge Alastair Norris has ordered the club to produce evidence of the payments Portpin ltd has loaned to them by March 12 and, if the move into administration is not found to be valid, Pompey could be liquidated.
Mr Justice Norris said: "It will be necessary for it to be established that new money was given for the charges when granted.
"Unless that can be established the charges will be voided. The Revenue are concerned that no new money was given. The basis for that concern lies in evidence filed by the company in answer to the winding-up petition."
(Courtesy of sportbox.tv)
<< Oklahoma's Warren set for season-ending surgery
Norman, OK (Sportsbook Betting Lines) - Oklahoma has announced sophomore guard
Willie Warren will undergo season-ending arthroscopic surgery on his right
ankle Wednesday.
Warren originally injured the ankle January 21 in practice, then r
<< Flyers G Emery to have season-ending hip surgery
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Flyers announced on
Tuesday that goaltender Ray Emery will have season-ending surgery to repair
damage to his right hip.
The club had placed Emery, who has not skated since Febr
<< This Week in Auto Racing March 5 - 7
Las Vegas, NV (Sportsbook Betting Lines) - NASCAR returns to the East Coast, as the
Sprint Cup and Camping World Truck Series tackle one of the fastest tracks on
the circuit.
NASCAR
Sprint Cup Series
Kobalt Tools 500 - Atlanta Motor Speedw
<< Schalke signs teenage midfielder Matip
Gelsenkirchen, Germany (Sportsbook Betting Lines) - Schalke signed teenage midfielder
Joel Matip to a 3 1/2-year contract Tuesday.
Matip, 18, made his Bundesliga debut in November and has played 12 matches. He
has two goals. He could earn his first
Trucks back on track at Atlanta >>
Hampton, GA (Sportsbook Betting Lines) - Series: NASCAR Camping World Truck. Date:
Saturday, March 6. Race: E-Z-Go 200. Site: Atlanta Motor Speedway. Track:
1.54-mile oval. Start time: 2:00 p.m. (et). Laps: 130. Miles: 200.2. 2009
Winner: Kyle Busch. Tel
Terry won't lead England again under Capello >>
London, England (Sportsbook Betting Lines) - England manager Fabio Capello has confirmed
that Steven Gerrard will captain his side against Egypt at Wembley on
Wednesday in the absence of the injured Rio Ferdinand.
The Italian has also confi
U.S. searching for right mix against Dutch >>
Amsterdam, Netherlands (Sportsbook Betting Lines) - U.S. coach Bob Bradley assembled the
majority of his best players for Wednesday's match at the Netherlands, and the
last few spots on the World Cup roster could be decided at Amsterdam ArenA.
The Ame
Sharks D Vlasic hits IR; three recalled >>
San Jose, CA (Sportsbook Betting Lines) - San Jose has placed defenseman Marc-Edouard
Vlasic on injured reserve with a lower-body injury and recalled three players
from Worcester, the Sharks' American Hockey League affiliate.
Vlasic has been out
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.
Chicago, IL - New Chicago Bears quarterback Jay Cutler and star linebacker Brian Urlacher shot down reports of a rift, saying they're simply not true.
"There's nothing between us," Cutler said Thursday, when he reported to training camp. "I just want to put that to rest. There never has been anything between us."
Urlacher added: "I never said what I was quoted as saying and that's it. I have a lot of respect for Jay. I think Jay knows that."
Former Bears receiver Bobby Wade caused a stir when he told Minneapolis radio station KFAN-AM that Urlacher used a profanity while questioning Cutler's manhood during a conversation in Las Vegas last weekend. Wade, who now plays for the Vikings, said Urlacher used a profane version of the word "wimp" during the interview that had to be edited out.
go radio station WSCR-AM also reported that Urlacher had to be restrained from confronting Cutler during organized team activities.
"I wouldn't go face-to-face with Brian, anyway," Cutler said. "No, that's never happened. I've hung out with Brian away from the facility numerous times and we've always gotten along."
Urlacher, noting he was limited by a groin injury, denied the reports in an interview with the Chicago Tribune and did it again when he reported to camp.
"I didn't practice this summer, so I don't know how I would fight the guy if I didn't practice," Urlacher said. "We have no problems. I'm excited about football starting. I'm excited to have him as our quarterback."
Why would Wade say that?
"I don't know," Urlacher said. "Maybe he's jealous because we have a good quarterback now."
Cutler said the first he heard of any friction was when he got a call from Urlacher to clear the air. Urlacher, however, said he had already taken several calls from teammates wondering if the reports were true when Cutler phoned.
"He called me and I said, What's up (expletive), what are you doing?'" a grinning Urlacher said, uttering the same word he allegedly used with Wade. "It's so dumb to me that this even got to this point, but it did and then here we are."
better place after going 9-7 and missing the playoffs for the second straight year. They have a franchise quarterback for the first time in decades after acquiring Cutler in an offseason trade with Denver. But there are questions about his attitude following a fallout with Broncos management and new coach Josh McDaniels.
His critics include former Bears coach Mike Ditka and former Indianapolis and Tampa Bay coach Tony Dungy, one of Smith's mentors. Smith, however, said Cutler has been a model teammate so far while denying any animosity with Urlacher.
"There's no issue with Jay and Brian, except Brian and Jay are both excited about being teammates for our club this year," coach Lovie Smith said. "No more than that. We can't spend a whole lot of time on something that isn't true. I have talked to the players. Whenever something comes out, you have to address it, but it's a non-issue."
In some ways, Cutler is getting a second chance in Chicago, an opportunity to repair his reputation.
Smith said another quarterback - Michael Vick - deserves one, although he doesn't see it happening with the Bears, who lack an experienced backup. The former Atlanta Falcons star, who served a 23-month sentence for running a dogfighting ring, said Thursday he is getting close to signing with a pro football team.
"A second chance, like everyone in society who has paid their debt to society," Smith said. "He deserves a second chance. As far as we're concerned, we like this team that we have right now."
Particularly the new quarterback.
"Me and Brian have been on a good relationship since I've been here, and I expect it to continue that way," Cutler said.
Mysportsbook.com online online sportsbook accepts Visa & Mastercard
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