Casual Trick offers encouraging runner-up effort
Horseracing Betting Lines
01/02/2012 - Hallandale Beach, FL (Sportsbook Betting Lines) - Sunday's $100,000 Gulfstream Park Derby put new names on the Kentucky Derby futures list for this year. The 1 1/16-mile race was the first stakes event of the year for Run for the Roses hopefuls.
Reveron won the race under jockey Fernando Jara after pressing the pace set by Nachas and Joy. Finishing second was Casual Trick who raced third most of the way for trainer Nick Zito.
"He ran very hard but he was fighting me a little bit to pass that horse in the stretch. The winner was more experienced than mine and my horse was still a little green today. He just broke his maiden and was going two turns for the first time," said jockey John Velazquez of Casual Trick's runner-up finish. "I think he's still learning. He actually handled the two turns really well. If he continues to mature and get better, I think he's going to be very good."
The inaugural Gulfstream Park Derby was Casual Trick's third career start. He was fifth at Saratoga back in August and came back two months later to win at Churchill Downs.
"The Gulfstream Park Derby is a two turn race, a mile and a sixteenth. I thought right off the bat to see how good he is. I think he's really, really good," Zito said prior to the running of the race. "Hopefully, his pedigree jumps up. I know it's quick. I'm asking him to do something unusual, but sometimes we do that. These are the horses that take us to the promised land, not us. Hopefully, he can do it."
Casual Trick, a son of 2006 Preakness champ Bernardini, is owned by Robert LaPenta who also owns 2011 Florida Derby winner Dialed In. The four-year-old is back in training at Palm Meadows under the guidance of Zito.
Dialed In, who underwent knee surgery last year, worked three-furlongs Monday morning. The colt was timed in 35 seconds as he prepares for this year's racing season.
Dialed In won the Holy Bull Stakes at Gulfstream Park last winter along with the Florida Derby. Sent off as the 5-1 favorite in the Kentucky Derby, the colt finished eighth after running last in the 19-horse field. He followed with a fourth-place finish in the Preakness.
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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.