UIC's Collins announces retirement

NCAA Basketball Betting Lines

07/20/2010 - Chicago, IL (Sportsbook Betting Lines) - Longtime men's head basketball coach Jimmy Collins announced his retirement Tuesday after 14 years at the University of Illinois at Chicago.

The move is effective August 31, 2010 and UIC director of athletics Jim Schmidt said the school will conduct a national search for a new coach.

"It is difficult to leave UIC and the great student-athletes who are returning," said Collins. "After much introspection, I feel it is my time to enjoy retirement and have more time with my family. I have enjoyed the opportunity to do something that is dear to my heart for so long, and that is special."

Collins took the job at UIC in March of 1996 and was the longest tenured NCAA Division I men's basketball coach in the state of Chicago. He leaves as the all-time winningest coach in school history with a 218-208 record and guided the Flames to three NCAA Tournament appearances (1998, 2002, 2004) and one NIT bid (2003).

Collins topped the 20-win plateau on four occasions, including a school-record 24 victories in 2003-04 when the program captured its second Horizon League tournament championship under his direction.

Before coming to UIC, Collins spent 13 seasons as an assistant to Lou Henson at Illinois.

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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.

Online Sportsbook Accepts Credit Cards

Credit Card Sports Betting: Sportsbook accepts U.S. credit cards

Tired of credit card deposit hassles? Then this is the place for you! MySportsbook boasts the best rate of acceptance for credit card deposits in the whole sports betting industry! They give you an instant 10% bonus for doing so as well, where as many other online bookies do not award a bonus for credit card transactioned deposits.

Welcome to MySportsbook.com the biggest and best sportsbook on the web! If you need a sportsbook accepting US credit cards for deposits you've come to the right place because they are the best.

Are you the type that needs lots of wager offerings? Then keep reading! MySportsbook is one of the best at offering everything gambling related that you can think of! Their sportsbook has all the current football and basketball odds as well as auto racing, horse racing, boxing and hard to find sports as well. Their casino boasts tons of different options as well such as blackjack, video poker, slots and virtual games such as hi-lo and virtual horse derby.

Reasons to Play There: A little tip for you all.. This is a sportsbook promotions that has a tremendous volume of players. They also offer an online poker room. Many of these sports bettors hop over to the poker room once the days games are over. Many of these sports bettors are just that and NOT good poker players. In summary, often times you'll be able to get into some lower limit games with some very ripe fish in the late evening hours resulting in some very easy pickin's and nice wins.

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