Three added to 2010 Hall of Fame class

Horseracing Betting Lines

06/09/2010 - Saratoga Springs, NY (Sportsbook Betting Lines) - The Historic Review Committee of the National Museum of Racing has announced that nineteenth century horse Harry Bassett, trainer Michael Ernest 'Buster' Millerick and jockey Don Pierce have been elected to the National Museum of Racing's Hall of Fame.

These three join former Horses of the Year Point Given and Azeri, along with Best Pal and retired jockey Randy Romero in completing the 2010 Hall of Fame class. The induction ceremony is to be held on Friday, August 13.

Harry Bassett was a champion at age two in 1870, unbeaten champion at three and a top handicapper at four. He was bred by A.J. Alexander and raised at Woodburn Farm in Kentucky and was owned and trained by Col. David McDaniel.

As a two-year-old he won the Nursery Stakes at Jerome Park and the Supper Stakes at Pimlico. The following season he captured the Belmont Stakes, Jersey Derby, Travers Stakes and Kenner Stakes.

Harry Bassett also posted victories as a three-year-old in the Champion Stakes and Bowie Stakes. His 14 race win streak was stopped in his four-year-old campaign by Longfellow in the Monmouth Cup. Three days later he defeated Longfellow in the Saratoga Cup

Harry Bassett completed his career with 23 wins in 36 starts and earnings of $55,920.

Michael Ernest 'Buster' Millerick was a trainer for almost 50 years, retiring in 1984, and won 1,886 races and trained 54 individual stakes winners. His best horse was probably Native Diver who entered the Hall of Fame in 1978.

Native Diver won 37 races, including 34 stakes, in 81 starts with over $1 million during seven seasons. He won three straight Hollywood Gold Cups from 1965-1967 and as an eight-year-old captured the Del Mar Handicap and won both the Los Angeles Handicap and San Carlos Handicap.

Don Pierce rode for 30 years and retired with 3,546 wins, 351 stakes victories in 28,740 mounts. He concluded his riding career with purse earnings of $39,018,422.

Pierce won the Santa Anita Handicap four times from 1960 to 1972. From 1969 to 1973 he won each running of the Los Angeles Handicap as well as five runnings of the Santa Anita Oaks. In addition, he won the Del Mar Debutante and Hollywood Oaks four times each and the Del Mar Derby, Del Mar Oaks, Santa Monica Handicap, Santa Ana Handicap and Santa Margarita Handicap three times apiece.

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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.