Lightning name Tod Leiweke CEO

Hockey Betting Lines

07/26/2010 - Tampa, FL (Sportsbook Betting Lines) - Tampa Bay Lightning chairman and governor Jeff Vinik announced Monday that Tod Leiweke has been named the team's chief executive officer.

Officially, Leiweke becomes the CEO of Tampa Bay Sports and Entertainment and its subsidiaries, the Tampa Bay Lightning and the St. Pete Times Forum. Leiweke also becomes an alternate governor to the NHL's Board of Governors for the Lightning, and will acquire an ownership stake in Tampa Bay Sports and Entertainment, pending NHL approval.

"I am thrilled to welcome Tod to the Lightning organization as CEO and as my partner," Vinik said. "Tod has the vision, the passion and the experience to lead the franchise towards my goal of being world class on and off the ice. He is an inspirational leader and I am delighted he has shown the confidence in the entire Tampa Bay community to join the Lightning."

Leiweke has spent the last seven years as CEO of the NFL's Seattle Seahawks and president of Vulcan Sports, providing oversight of the NBA's Portland Trail Blazers and Major League Soccer's Seattle franchise.

Additionally, Leiweke has NHL front office experience, having been the executive vice president of the Vancouver Canucks and president of the Minnesota Wild.

"Jeff, Steve [Yzerman, the team's general manager] and I all believe that we can build a Lightning organization that will bring back the winning and pride to the entire Tampa Bay community," Leiweke said. "I envision a day when the Lightning will regularly play in front of sold-out crowds at the St. Pete Times Forum and be recognized as one of the leading corporate citizens in Tampa Bay."

Bestsportgamble Hockey Betting News

<< Inter Milan brass taking massive gamble with Balotelli sale
Toronto, Canada (Sportsbook Betting Lines) - With reports surfacing that Inter Milan are prepared to transfer Mario Balotelli to Manchester City for a fee in the range of 30 million Euros, the young star's tumultuous time with the club seems to be at an

<< Gasquet rolls; Robredo exits Gstaad
Gstaad, Switzerland (Sportsbook Betting Lines) - Former top-10 Frenchman Richard Gasquet reached the second round, while fifth-seeded Spaniard Tommy Robredo came up a first-round loser Monday at the Swiss Open. The seventh-seeded Gasquet grounded U

<< This Week in Golf - July 29th through August 1st
Philadelphia, PA (Sportsbook Betting Lines) - WOMEN'S BRITISH OPEN, Royal Birkdale Golf Club, Southport, England - The women remain in Europe this week for the fourth and final major of their season, the Women's British Open. Catriona Matthew was th

<< NHLPA files grievance against NHL over Kovalchuk
TORONTO (AP) -The National Hockey League Players' Association has filed a grievance over the league's rejection of the contract between Ilya Kovalchuk and the New Jersey Devils.The league rejected the landmark 17-year, $102 million contract last wee

<< CP3 summit in New Orleans
Philadelphia, PA (Sportsbook Betting Lines) - The New Orleans Hornets have prepared for their scheduled sit-down with All-Star guard Chris Paul by fending off the latest flurry of trade calls received from teams salivating over adding the game's best pur

NHLPA files grievance on behalf of Kovalchuk >>
Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk's free agency saga took another turn on Monday when the NHL Players' Association filed a grievance on behalf of the Russian superstar who had his 17-year, $102 million contract with New Jersey

Vick cleared to play by NFL >>
Philadelphia, PA (Sportsbook Betting Lines) - Michael Vick is clear to play this season, the NFL announced Monday. Posting on his Twitter account, league spokesman Greg Aiello said in regard to Vick, "there has been no change in his playing status. Be

Rachel Alexandra gains spot in poll after Monmouth victory >>
New York, NY (Sportsbook Betting Lines) - Reigning Horse of the Year Rachel Alexandra moved into third in the latest NTRA National Thoroughbred Poll. The four-year- old filly advanced one position following a win Saturday at Monmouth Park. Owned b

Hornets GM says Paul did not ask for trade at meeting >>
New Orleans, LA (Sportsbook Betting Lines) - Three-time All-Star point guard Chris Paul met with Hornets management Monday, and new general manager Dell Demps reportedly said Paul did not ask to be traded. According to The Times-Picayune, D

Zakuani claims MLS POW award with brace against Rapids >>
New York, NY (Sportsbook Betting Lines) - Steve Zakuani of Seattle Sounders FC was voted Major League Soccer Player of the Week for Week 17 of the 2010 MLS season on Monday. Zakuani scored both of Seattle's goals in a 2-1 win over the Co

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.