Wade finds the spotlight shines bright in Miami

Basketball Betting Lines

07/19/2010 - Philadelphia, PA (Sportsbook Betting Lines) - I spent a number of years hosting my own radio show and am lucky enough to do quite a few guest spots around the dial these days, so I realize how easy it can be to say something off the cuff that someone, somewhere is alienated by.

In a society that grows touchier by the day, that kind of thing is just part of the process, and generally I dismiss most of the Sally Sensitives out there as just that.

However, there are a few topics I have been deft enough to avoid at all costs. For instance, I'm proud to say I've never compared the New York Yankees' treatment of Joe Torre to the Nazis like Tim McCarver, and I've yet to break out September 11 in reference to a losing streak.

Dwyane Wade?

Not so much.

When asked Sunday how his new super team in South Beach would react to a losing streak in the upcoming season, Wade handled it like a rookie stepping up to the microphone for the first time.

"You [the reporters assembled] all are going to make it seem like the World Trade has just went down again," Wade said before his annual charity basketball game that he co-hosts with former Heat-teammate Alonzo Mourning.

Later in the day AOL, which first reported the quote, sent a different version of it along with an with an editor's note explaining a transcription error was made and the company "deeply regretted the error."

However, in the second corrected version, Wade still made the insensitive reference, albeit with a bit of a qualifier.

"We're going to be wearing a bull's-eye," Wade reportedly said. "But that's what you play for. We enjoy the bull's-eye. Plus, there's going to be times when we lose two, three games in a row and it seems like the world has crashed down. You all are going to make it seem like the World Trade is coming down again, but it's not going to be nothing but a couple of basketball games."

Since D-Wade isn't Don Rickles or Lisa Lampanelli working blue at the Comedy Shack, that's still about as tasteless as it gets these days.

It's not that I think Wade had any bad intentions or actually thinks he and LeBron losing three in a row will really compare to 3,000 innocents losing their lives. The All-Star clearly just stepped the wrong way in the politically correct minefield that is America today.

Wade quickly apologized on Monday but made a second mistake in the process, blaming the messenger.

"In an interview yesterday, I attempted to explain how some people may view the Miami Heat losing a few basketball games in a row during the upcoming season," Wade said in a statement. "It appears that my reference to the World Trade Center has been either inaccurately reported or taken completely out of context.

"I was simply trying to say that losing a few basketball games should not be compared to a real catastrophe. While it was certainly not my intention, I sincerely apologize to anyone who found my reference to the World Trade Center to be insensitive or offensive."

It's still July and we are over three months away from basketball games counting again, but it would have been nice to see Wade step up like a leader, accept full responsibility and learn something very valuable from his little faux pas.

The Heat, not the Lakers or Celtics, are now at the center of the basketball universe and everything he, James, Chris Bosh and their teammates do will now be put under a very powerful microscope.

Distractions like this during the season are exactly the types of things that could lead to the losing streaks Wade so inartfully described.

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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.