One More Laugh captures Meadowlands Pace

Horseracing Betting Lines

07/17/2010 - East Rutherford, NJ (Sportsbook Betting Lines) - One More Laugh, driven by Tim Tetrick, turned the tables on Rock N Roll Heaven to win Saturday's $1 million Meadowlands Pace at The Meadowlands. The three-year-old gelding covered the mile in 1:47 4/5.

Last week in a Meadowlands Pace elimination heat, One More Laugh was second to Rock N Roll Heaven.

Rock N Roll Heaven, driven by John Campbell, set the pace up the backstretch and was closely followed by Kyle Major and half-brother Rockin Image. North America Cup champ Sportswriter broke sharply from the outside post, but was not involved in the early going.

Sent off as the 3-2 favorite, Rock N Roll Heaven took the 10 horse field into the far turn as Rockin Image gained ground on the outside. The two sons of Rocknroll Hanover were first and second coming off the final turn with One More Laugh moving into third.

At the top of the stretch Rock N Roll Heaven was still on the lead. Tetrick put his drive to the outside and quickly cut into the pacesetter's lead. One More Laugh had the last laugh as he drove past Rock N Roll Heaven as the pair approached the wire.

One More Laugh registered a head victory over Rock N Roll Heaven with Valentino finishing third and Rockin Image dropping to fourth. Rounding out the order of finish was I'm Gorgeous, Delmarvalous, Sportswriter, Nova Artist, Fred And Ginger, Kyle Major.

"He's a very nice horse and he never gets tired," noted the winner driver.

One More Laugh is trained by co-owner Ray Schnittker who was making his Meadowland Pace debut. Tetrick earned his second Meadowlands Pace victory. The nation's leading driver previously won the race in 2007 with Southwind Lynx.

Saturday's win was worth $500,000 to put One More Laugh's career bankroll at more than $1.3 million. He has won 12 of 19 lifetime starts.

One More Laugh won the Art Rooney Pace at Yonkers on June 12, but finished seventh two weeks later in the North America Cup at Mohawk. In 2009, the gelding won the Governor's Cup at Harrah's Chester.

One More Laugh paid $8.20, $4.00 and $3.40. Rock N Roll Heaven returned $3.20 and $2.80, and Valentino paid $7.40 to show.

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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.