Nationwide to end tour sponsorship in 2012

Golf Betting Lines

09/03/2010 - Dublin, OH (Sportsbook Betting Lines) - Nationwide Insurance has closed one door and opened another.

The company said Friday it will no longer sponsor the PGA Tour's developmental circuit when its contract runs out after the 2012 season. But it also announced a six-year deal to become the presenting sponsor of the Memorial Tournament beginning in 2011.

The insurance giant has been the title sponsor of the Nationwide Tour since 2003, when it took over for Buy.com, and is currently in the eighth year of a 10-year deal.

PGA Tour commissioner Tim Finchem said he doesn't anticipate any problems finding another company to sign on as a sponsor for the 2013 season and beyond.

"Some people view it as maybe the best branding opportunity in sports because of the overall exposure," Finchem said.

He said the tour wants to find a company "that's active, engaged (and) wants to build something."

"And if we can manage that," Finchem said, "we'll be just fine."

Nationwide executive Jim Lyski said the company has been happy to be the namesake of the developmental tour, but jumped at the opportunity to sponsor the Memorial.

Jack Nicklaus' tournament -- a top draw on the PGA Tour -- is held at Muirfield Village in Dublin, close to Nationwide's headquarters in Columbus.

"We have been very, very happy over the last several years with the Nationwide Tour, but when we had an opportunity to step up and sponsor or present the Memorial, it was too good of an opportunity to pass," Lyski said.

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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.

Football Betting Lines

The 2009 AP NFL Offensive Rookie of the Year odds have been released and Denver Broncos' running back Knowshon Moreno has been made the opening favorite.

Bet NFL Sports Lines

Moreno was selected in the first round of April's NFL draft and is expected to carry the rushing load for the Broncos this season. And with Jay Cutler now in Chicago, Moreno might be expected to be Denver's entire offense.

Betting Lines from sports betting lines have made Moreno a 5/2 favorite to win this year's Offensive Rookie of the Year Award. Fellow running back Chris “Beanie” Wells (Arizona Cardinals) is right behind Moreno at 7/2, while Donald Brown (Indianapolis Colts) and receiver Michael Crabtree (San Francisco 49ers) are 5/1 to win. Quarterbacks Mark Sanchez (New York Jets) and Matthew Stafford (Detroit Lions) are 7/1 and 8/1, respectively.

A couple of players who present some value are Josh Freeman, Shonn Green and Darrius Heyward-Bey.

Freeman needs to beat out Byron Leftwich to become the starting quarterback of the Tampa Bay Buccaneers but if he does, he has a lot or raw talent and could use the weapons around him (i.e. Kellen Winslow Jr. and Antonio Bryant) to be very successful in his first season.

Green enters a crowded backfield in New York, but considering both Thomas Jones and Leon Washington are unhappy about their contract situations and might holdout, the former Iowa product could become the Jets' primary back.

Everyone was shocked when Al Davis took Heyward-Bey with the eighth overall pick in April's draft, but the kid has a tremendous amount of talent and if quarterback JaMarcus Russell takes the next step this year, the former Maryland product could blossom. Plus, Heyward-Bey will be looking to prove the people wrong who said Oakland should have taken Michael Crabtree with the No. 8 pick.

And if you're looking for a deep sleeper, check out Pat White at 30/1. He enters the Miami Dolphins vaunted “Wild Cat” offense and could be a big time playmaker.

For complete odds on the 2009 AP NFL Offensive Rookie of the Year odds, see below.

2009 AP NFL Offensive Rookie of the Year Odds to Win

Ramses Barden (NYG) 40/1

Andre Brown (NYG) 20/1

Donald Brown (IND) 5/1

Kenny Britt (TEN) 20/1

Glenn Coffee (SFO) 30/1

Chase Coffman (CIN) 50/1

Michael Crabtree (SFO) 5/1

Josh Freeman (TB) 14/1

Shonn Green (NYJ) 14/1

Percy Harvin (MIN) 10/1

Darrius Heyward-Bay (OAK) 18/1

Juaquan Iglesias (CHI) 30/1

Cornelius Ingram (PHI) 50/1

Rashad Jennings (JAC) 30/1

Johnny Knox (CHI) 40/1

Jeremy Maclin (PHI) 18/1

Mohamed Massaquoi (CLE) 30/1

LeSean McCoy (PHI) 12/1

Knowshon Moreno (DEN) 5/2

Hakeem Nicks (NYG) 18/1

Brandon Pettigrew (DET) 30/1

Brian Robiskie (CLE) 20/1

Mark Sanchez (NYJ) 7/1

Matthew Stafford (DET) 8/1

Jason Smith (STL) 40/1

Mike Thomas (JAC) 25/1

Patrick Turner (MIA) 50/1

Mike Wallace (PIT) 50/1

Chris Wells (ARI) 7/2

Pat White (MIA) 30/1

Field (Any Other Player) 9/1

Betting Line

To visit this sports betting site go to BettingExpress.com for all your football betting lines needs.

For sports betting with credit cards site go to BettingExpress.com as well.