NHL approves new Kovalchuk contract

Hockey Betting Lines

09/03/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was reportedly approved by the National Hockey League.

Additionally, according to TSN of Canada, the league and the NHL Players' Association reached an agreement on an amendment to the rules that govern long-term contracts. A report from The Record in New Jersey states that new guidelines will be implemented regarding how the salary cap hit would be calculated for long-term deals that go beyond the ages of 35 and 40.

Kovalchuk's initial 17-year, $102 million deal with the Devils was rejected by the league on the grounds that it circumvented the league's salary cap. The deal was front-loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.

The NHL Players' Association filed a grievance on Kovalchuk's behalf, but an arbitrator ruled in favor of the league. His second deal is worth a reported $100 million over 15 years, which provides an annual cap hit of $6.66 million.

The rejection of the contract provided much debate throughout the league in terms of "lifetime" contracts given to players that have helped reduce the yearly salary cap hit. Several players in previous years signed deals that took them past 40 years of age and saw the annual salary dip below $1 million in the final years of the contract.

Because of the league rules on player contracts after the age of 35, it was conceivable that someone could retire before the deal had expired, wiping the contract off the salary cap. This rule allowed teams to sign players to front-loaded contracts to benefit both the team and player.

With the new guidelines in place regarding long-term deals and the CBA negotiations that will occur in the next few years, it is likely that Kovalchuk's contract is the last of its kind. Additionally, according to the report in The Record, similar contracts that have been signed previously will not be affected by the new rules.

Kovalchuk's deal will reportedly take the team about $3 million over the salary cap with 21 players under contract, and the Devils will have to get under the $59.4 million cap before the beginning of the season while adding two more players to the roster.

Kovalchuk posted 41 goals and 85 points in 76 games last season, 10 goals and 27 points coming in 27 games with New Jersey. In a five-game first-round playoff loss, the 27-year-old added two goals and six points.

In 621 games since entering the league in 2001, the Russian star has accumulated 338 goals and 642 points with Atlanta and New Jersey.

Wwwfifa2002 Hockey Betting News

<< Boston's Pedroia has surgery
Boston, MA (Sportsbook Betting Lines) - Boston Red Sox second baseman Dustin Pedroia has undergone successful surgery on the navicular bone of his left foot. Pedroia had a screw inserted on Friday to promote healing of the fracture, which occu

<< Steelers start cuts, drop 10 players
Pittsburgh, PA (Sportsbook Betting Lines) - The Steelers released 10 players on Friday, getting an early start on personnel moves in advance of the NFL's 6 p.m. (et) Saturday deadline to reduce rosters to 53 players. The players released were tight

<< White Sox activate Thornton from DL
Boston, MA (Sportsbook Betting Lines) - The Chicago White Sox have activated reliever Matt Thornton from the 15-day disabled list. Thornton had been on the DL since August 18 with left elbow inflammation. He is 3-4 with a 2.66 earned run average

<< Marlins recall Leroux, Cousins
Miami, FL (Sportsbook Betting Lines) - The Florida Marlins announced Friday the recall of pitcher Chris Leroux and outfielder Scott Cousins from Triple-A New Orleans. Leroux has spent parts of 2010 and 2009 with the Marlins, pitching in 19 t

<< Houston tries to build momentum against San Jose
Houston, TX (Sportsbook Betting Lines) - The playoff hopes of the Houston Dynamo continue to slip away as the club gets set to host the San Jose Earthquakes on Sunday at Robertson Stadium. Houston snapped a 10-game winless skid with a 4-3 wi

Dillon takes pole for Kentucky truck race >>
Sparta, KY (Sportsbook Betting Lines) - Rookie Austin Dillon will start on the pole for Friday's Built Ford Tough 225 Camping World Truck Series race after edging Johnny Sauter by the slimmest of margins in qualifying at Kentucky Speedway. Dillon

Cook returns from DL to start for Rockies >>
San Diego, CA (Sportsbook Betting Lines) - The Colorado Rockies have activated pitcher Aaron Cook from the 15-day disabled list in time to start Friday's series opener at San Diego. Cook missed 27 games while sidelined with a sprained right big

Padres recall Russell >>
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres have recalled right- hander Adam Russell from Triple-A Portland. It will be Russell's fourth stint with the Padres this season. In six games earlier this year, the 27-year-old ga

Cardinals release 16 players >>
Tempe, AZ (Sportsbook Betting Lines) - The Arizona Cardinals pared down their roster on Friday, releasing 16 players ahead of Saturday's deadline to reduce the active roster to 53 players. The club announced the release of the following players: l

Broncos' LenDale White out for season >>
Englewood, CO (Sportsbook Betting Lines) - Denver Broncos running back LenDale White was placed on injured reserve Friday and will miss the 2010 season with a torn Achilles tendon. White was hurt during the second quarter of Thursday's 31-24 prese

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.

MySportsbook.com Releases World Series Championship Lines

New York Yankees and Chicago White Sox early favorites to win 2008 World Series
The Major League Baseball season starts this weekend and MySportsbook.com, a leading online sportsbook for over 8 years, is the first to offer baseball sports betting lines on who will win the 2007 World Series.

"The World Series is the biggest baseball event in the sports betting world and MySportsbook.com is excited that we are first to market with betting lines on every team," says Tim Dalton, Marketing Director, MySportsbook.com. "We are getting things ready for a great baseball season and our members are looking forward to our Player Payback Bonuses, as well as Dime Lines, all season long."

Going in to this weekend, MySportsbook.com's favorites to win the World Series are the New York Yankees at 7-2 and last year’s winners the Chicago White Sox at 9-2.

"These betting lines are ripe for the picking," Dalton added, "baseball fans know that the season is long and many factors, including players staying healthy, will affect these Future odds as the baseball season progresses. Betting on your favorite team in the beginning of the season could prove quite lucrative. We are seeing examples of this right now in the NCAA College Basketball Tournament with a lucky few that placed pre-season bets on George Mason to win it all. Anything can happen."

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts Mastercard needs..

About www.MySportsbook.com
MySportsbook.com is the foremost online sportsbook offering Internet wagering to its worldwide customers. Fully licensed and regulated in St. John’s, Antigua since 1997, MySportsbook.com offers a complete range of online casino games, sports betting lines, poker tournaments and horse racing offtrack betting daily through its portfolio of companies and managed services. With over 7 years of experience, MySportsbook.com has become one of the most respected companies in the gaming industry by providing unparalleled 24/7 customer support and timely payouts. MySportsbook.com is part of the SportingBet PLC group of companies that is publicly-traded on the London Stock Exchange ( LSE ) under the symbol SBT.L. MySportsbook.com provides a secure environment for sports and casino wagering and has been featured in numerous media outlets, including MAXIM Magazine, Cigar Aficionado, and CNN’s Paula Zahn Now among others.