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07/10/2010 - Inglewood, CA (Sportsbook Betting Lines) - Awesome Gem, ridden by David Flores, found room along the rail and was able to hold off defending champ Rail Trip to capture Saturday's $500,000 Hollywood Gold Cup at Hollywood Park.
The seven-year-old chestnut gelding was sent off as the 8-1 fourth choice in the six-horse field. Rail Trip was the 2-5 favorite, and 2009 Pacific Classic winner Richard's Kid was the 4-1 second pick.
Awesome Gem, trained by Craig Dollase, was never far off the pace that was being set by Compari in the 1 1/4-mile race. Rail Trip and jockey Rafael Bejarano found themselves on the outside in fourth as the field went up the backstretch.
Around the final turn, Rail Trip began his rally three wide with Awesome Gem sitting right behind Compari as the field entered the stretch. Rail Trip took the lead at the top of the stretch as Awesome Gem edged past Compari along the inside.
Awesome Gem and Rail Trip battled down the stretch to the finish. Awesome Gem posted a neck victory over the defending champ to record his first victory of the year. Richard's Kid finished third followed by Tres Borrachos, Compari and Cigar Man.
The time for the Gold Cup was 2:03.31 on Hollywood's sythetic track.
Owned by West Point Thoroughbreds, Awesome Gem went past the $2 million mark in career earnings. The Gold Cup win was worth $300,000 to bring the gelding's lifetime bankroll to $2,274,682. He has won seven of 36 career starts.
Awesome Gem had not won a race before Saturday since last October's Hawthorne Gold Cup at Hawthorne Race Course.
The victory is the third Gold Cup win for Flores. He won the race in 1991 with Marquetry and five years later aboard Siphon.
Awesome Gem returned $18.00, $4.40 and $2.40. Rail Trip paid $2.20 and $2.10, and Richard's Kid paid $2.20 to show.
Earlier in the day on the East Coast, a pair of top thoroughbreds came from off the pace to capture stakes races.
Leading three-year-old filly Blind Luck won a photo finish at Delaware Park to win the $250,000 Delaware Oaks. Ridden by Joel Rosario, Blind Luck covered the 1 1/16-miles in 1:43.34 on a sloppy track.
The winner of this year's Kentucky Oaks came from well off the pace to edge Havre de Grace at the wire. Derwin's Star finished third in the seven horse field followed by No Such Word, Worship the Moon, Calypso Queen and Listen In.
Trained by co-owner Jerry Hollendorfer, Blind Luck notched her eighth career victory in 12 starts. The Oaks win was worth $150,000 to bring her lifetime earnings to $1,538,712.
"She got away a little slow and sometimes she does that," said Hollendorfer. "I honestly was hoping she would have been a little closer. You know the good ones just find a way to get there. I mean she has been beaten before, but she is a very good filly and she just finds a way there. We are very grateful and very thankful. Joel (Rosario) is a very strong rider and he is one of the strongest finishers in the country. We are still looking at the Alabama (at Saratoga on August 21) for her next start."
Blind Luck paid $2.40, $2.20 and $2.10. Havre de Grace returned $3.60 and $2.80, and Derwin's Star paid $4.60 to show.
At Belmont Park, Gio Ponti successfully defended his crown in the $600,000 Man o'War for his first victory of the year. Approaching the furlong pole, Gio Ponti and rider Ramon Dominguez were four-lengths off the lead in the grass race. He came charging down the stretch to catch Mission Approved and win by a neck.
Rounding out the order of finish was 6-1 second choice Expansion followed by Bearpath, Midnite Silver, Interpatation, Grand Couturier and Strike a Deal.
The time for the 1 3/8-miles was 2:16.20 on a firm turf course.
Gio Ponti returned $2.80, $2.30 and $2.10. Mission Approved paid $17.80 and $7.40, and Expansion paid $2.80 to show.
The five-year-old, trained by Clement Christophe, was voted 2009 champion male turf horse as well as champion older thoroughbred male. He began 2010 with a third-place result in the Tampa Bay Stakes. In March he was third in the Dubai World Cup and last month was second in the Manhattan at Belmont Park.
"As a trainer, you get very excited when you train a horse as good as he is and you go into Grade 1 races, because he just trains so well and you know he's so good," said Clement. "So for me, and for my crew at the barn, it's very exciting to run that kind of horse. We are lucky to be involved with that kind of horse."
In his career Gio Ponti has won half of his 20 starts for $4.1 million. His next start will be in defense of his title in the Arlington Million on August 21.
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Now, it's okay to call the league hypocritical when it releases injury reports, which players have told me only helps bettors. And it's okay to mutter something obscene when the league pretends gambling doesn't help drive TV ratings and fan interest and put money in owners' pockets. But when it supports other forms of gaming? Big Deal. The Bears should put an orange "C" on every deck of cards dealt at Harrah's in Joliet; the Eagles should slap their logo on roulette wheels at the Borgata in Atlantic City; the Dolphins should hold training camp at the El San Juan in Puerto Rico.
Seriously.
The NFL's problem, when it comes to the gambling world, isn't hypocrisy, it's worse: The bosses lack vision. That's why the league is picking unwinnable fights in Delaware and taking pot shots from critics after making smart sponsorship deals. Roger Goodell and his gang are acting and thinking locally rather than globally, which is rare for them, especially compared to their professional (and amateur) counterparts.
The NBA held its All Star game in Las Vegas and David Stern's kingdom didn't crumble (although the town did bring plenty of players to their knees.) I'd say it's 6 to 5 and pick 'em that Lebron will make a road swing through Sin City before his career is over.
Even the NCAA College Football Betting is more progressive on this issue than the NFL. Several years ago Rachel Newman Baker, college sports' gambling czar, opened a dialogue with Vegas bookmakers to learn about how they do business. She's visited Nevada sports books, studied their operations and listened to how they regulate action. Now she knows she can expect a call from bookmakers, who lose money when sports are fixed, if they think something sketchy is going on in NCAA games. She's not in favor of sports betting, but, as she once told me, "I know it's not going away, either."
The NFL can't seem to accept that. And until it can find peace with the idea, it'll get flack, even when it's right.
To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts MasterCard needs.
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.
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