Report: Artest joining Lakers

Basketball Betting Lines

07/02/2009 - Los Angeles, CA (Sportsbook Betting Lines) - Free agent forward Ron Artest is reportedly leaving the Houston Rockets to join the Los Angeles Lakers and will provide the team with more offensive firepower next season, as he'll join Kobe Bryant and Pau Gasol on the defending NBA champions.

Artest told CBSsports.com via text message he was in Los Angeles to join the Lakers and didn't "care about the money" and that he would "play there for nothing."

According to the Los Angeles Times, the Lakers could finalize a deal with the 29-year-old that will pay him the full mid-level exception, possibly $32 million over five seasons. It would represent a pay cut after Artest made $7.4 million last season.

Even if the two sides were to reach an agreement soon, no deal could be officially announced until July 8, per league rules.

The Thursday news regarding Artest came on the same day another superstar had an introductory press conference. Ex-Laker Shaquille O'Neal met the media in Cleveland and said he wanted to "win a ring for The King" in reference to his new pairing with reigning MVP LeBron James.

Artest spent last season with the Rockets, helping Houston get to the conference semifinals for the first time since 1996-97. After spending three seasons in Sacramento, Artest averaged 17.1 points, 5.2 rebounds and 3.3 assists in 69 regular season contests with Houston.

For his career, spanning 12 seasons, Artest has game averages of 16.1 points, 5.1 rebounds and 3.2 assists with Chicago, Indiana, Sacramento and Houston. He has also established himself as one of the top-flight defenders in the league.

In another twist, the man Artest would replace in the lineup -- Trevor Ariza -- reportedly was offered a contract by the Rockets. The LA Times reported that Ariza, who was instrumental in the Lakers' playoff run to the title, was offered a contract near the value of the mid-level exception.

Ariza averaged 11.3 points per game in the postseason after posting 8.9 points per game in the regular season. His career scoring average is 6.9 points.

Wwweltiempo Basketball Betting News

<< Angels come to terms with first-round pick
Anaheim, CA (Sportsbook Betting Lines) - The Los Angeles Angels of Anaheim came to terms on a minor league contract with outfielder Michael Trout, the 25th overall pick in the 2009 First-Year Player Draft. Trout, who played his high school ball

<< Holy Cross tabs Kearney to replace Willard
Worcester, MA (Sportsbook Betting Lines) - Holy Cross named Sean Kearney its new head men's basketball coach on Thursday. Kearney, who becomes the 15th head coach in the history of the program, replaces Ralph Willard who resigned last mo

<< Astros swarm Padres; bees delay game
San Diego, CA (Sportsbook Betting Lines) - Wandy Rodriguez threw seven strong innings to help the Houston Astros take a 7-2 win over the San Diego Padres in an unusual finale of a four-game set. Rodriguez (7-6) gave up just one run on seven hits w

<< CFL's Bruce fined for Michael Jackson celebration
Mississauga, ON (Sportsbook Betting Lines) - Toronto Argonauts All-Star wide receiver Arland Bruce III was fined an undisclosed amount for a celebration tribute to Michael Jackson in the team's victory over Hamilton on Wednesday. After scoring a

<< Pressel among Jamie Farr leaders
Sylvania, OH (Sportsbook Betting Lines) - Morgan Pressel, Laura Diaz and Song-Hee Kim each fired rounds of seven-under 64 on Thursday to share the opening-round lead of the Jamie Farr Owens Corning Classic. Suzann Pettersen and Michelle Wie ar

Cubs reliever Cotts has Tommy John surgery >>
Chicago, IL (Sportsbook Betting Lines) - Chicago Cubs relief pitcher Neal Cotts underwent Tommy John surgery on Thursday and will be sidelined indefinitely. Cotts was 0-2 this season with a 7.36 earned run average before being demoted to Tri

Wellemeyer pitches Cardinals over Giants >>
St. Louis, MO (Sportsbook Betting Lines) - Todd Wellemeyer threw 7 1/3 innings to help the St. Louis Cardinals take a 5-2 win over the San Francisco Giants and split a four-game series. Wellemeyer (7-7) scattered seven hits and two runs with a

Diaz helps Braves slip past slumping Phils >>
Atlanta, GA (Sportsbook Betting Lines) - Matt Diaz belted a go-ahead RBI double in a three-run eighth, as the Atlanta Braves recorded their first home sweep of the Phillies since 2005 with a 5-2 victory at Turner Field. Garret Anderson added a t

Mayfield a no-show at Daytona >>
Daytona Beach, FL (Sportsbook Betting Lines) - Sprint Cup Series driver and team owner Jeremy Mayfield was not present at Daytona International Speedway on Thursday, one day after a federal judge granted him a temporary injunction to race again,

Stockton and Gates lead Edmonton Open >>
Edmonton, AB (Sportsbook Betting Lines) - Brady Stockton and Robert Gates both fired rounds of seven-under 65 on Thursday to share the first-round lead of the Edmonton Open. Liam Kendregan and Jon Turcott both shot 66s in round one and ar

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.