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01/28/2012 - Lake Forest, IL (Sportsbook Betting Lines) - The Chicago Bears announced on Saturday that they have hired Phil Emery as the team's fifth general manager in franchise history.
Emery joins the Bears with 14 years of NFL experience under his belt, including serving the past three seasons as director of college scouting for the Kansas City Chiefs.
This will be Emery's second stint with Chicago. From 1998-2004, he served as an area scout for the team. During that time, the Bears drafted wide receiver Marty Booker, defensive cornerstone Brian Urlacher, cornerback Charles Tillman and linebacker Lance Briggs.
After leaving the Bears, Emery was hired as director of college scouting for the Atlanta Falcons, where he served from 2004-2008.
Over that span, two of the Falcons' three first round draft picks developed into Pro Bowl caliber players, in wide receiver Roddy White and quarterback Matt Ryan.
Emery began his football career as a graduate assistant at Central Michigan from 1981-82. From there, he went on to become the strength and conditioning/offensive line coach at Western New Mexico for three seasons before becoming the defensive line coach at Georgetown College from 1984-85.
He made his final collegiate stop as the director of strength and conditioning and as an associate professor at the U.S. Naval Academy from 1991-98, where the midshipmen took home the Aloha Bowl in 1996.
Emery replaces longtime general manager Jerry Angelo, who was let go earlier this month as part of sweeping changes in the Bears front office after the team got off to a 7-3 start this past season, but lost five of its final six games to finish 8-8, missing the playoffs for the fourth time in the past five seasons.
<< Florida defeats Mississippi State
Gainesville, FL (Sportsbook Betting Lines) - Bradley Beal scored 19 points, Erik Murphy
netted 14 and 14th-ranked Florida ran away with the game in the second half to
take a 69-57 decision over No. 18 Mississippi State on Saturday.
Patric Young add
<< Baylor holds off Texas
Waco, TX (Sportsbook Betting Lines) - Perry Jones III scored 22 points and pulled down
14 rebounds as No. 6 Baylor held off a late push by Texas to take a 76-71
victory at Ferrell Center.
Quincy Miller added 18 points and Brady Heslip had 11 fo
<< Syracuse holds off West Virginia in controversial finish
Syracuse, NY (Sportsbook Betting Lines) - The third-ranked Syracuse Orange snuck past
the West Virginia Mountaineers, 63-61, in a controversial finish at the
Carrier Dome.
With West Virginia down by two, Darryl Bryant missed a three-pointe
<< Marquette overcomes slow start, edges Villanova
Philadelphia, PA (Sportsbook Betting Lines) - Darius Johnson-Odom scored a game-high 26
points and added six rebounds as No. 17 Marquette came back from 18 down to
defeat Villanova, 82-78, at Wells Fargo Center.
Jae Crowder had 20 points and 12 bo
AZ Alkmaar stumbles at Roda >>
Kerkrade, Netherlands (Sportsbook Betting Lines) - AZ Alkmaar failed to regain the top
spot in the Eredivisie on Saturday as the club slumped to a 2-0 defeat at
Roda.
PSV Eindhoven moved two points clear of AZ after a 3-1 victory against Vitess
PSG maintains lead in Ligue 1 with win over Brest >>
Brest, France (Sportsbook Betting Lines) - PSG maintained its three-point lead at the
top of Ligue 1 with a 1-0 win over Brest at the Stade Francis-Le Ble on
Saturday.
It looked as if PSG would comfortably cruise to three points after
Matri brace preserves unbeaten season for Juventus >>
Turin, Italy (Sportsbook Betting Lines) - Alessandro Matri scored twice at Juventus
Stadium on Saturday to help Juventus preserve its unbeaten start to the Serie
A season with a 2-1 defeat of third-place Udinese.
Matri put Juventus in front j
Stanley 5 clear at Torrey Pines >>
La Jolla, CA (Sportsbook Betting Lines) - Kyle Stanley posted a four-under 68 on
Saturday and opened a comfortable five-shot lead after the third round of the
Farmers Insurance Open.
He finished 54 holes at 18-under 198 and matched the t
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.
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