Coast Guard calls off search for missing boaters

Football Betting Lines

03/03/2009 - Clearwater, FL (Sportsbook Betting Lines) - The Coast Guard held a news conference Tuesday afternoon to announce they have suspended the search for three missing boaters, including Oakland Raiders linebacker Victor "Marquis" Cooper and Detroit Lions defensive end Corey Smith, as of 6:30 (et) Tuesday.

Also missing is William Bleakley, a former player for the University of South Florida. The fourth boater, Nick Schuyler, also a former USF player, was rescued by the Coast Guard on Monday.

Schuyler was discovered clinging to an overturned vessel 35 miles west of Tampa Bay, Florida. He said the boat was anchored before being flipped in rough seas Saturday evening. The Coast Guard had narrowed their search off the coast of Clearwater Pass based on information provided by Schuyler and discovered a unmanned life vest and cooler believed to be from the boat earlier Tuesday 16 miles southeast of where the boat capsized.

Copper's father, Bruce, and close friend, Dallas Cowboys player Tank Johnson, held an impromptu news conference after the Coast Guard's announcement stating they were not giving up hope and made a plea for help from the private sector.

"We will not give up hope that Marquis is out there fighting and trying to return. That is our attitude. At some point maybe reality will set in and we'll discover otherwise," said Bruce Cooper.

"What we're asking for is experienced aviation pilots who are interested in helping us find the remains, if not Marquis floating on the water," Johnson said. "The Coast Guard did a wonderful job but when you're looking for someone, a family member, there is a certain connection you're looking for. We feel like if we get the chance to go out there...anything can happen, stranger things have happened. We still have faith."

Watchstanders at Coast Guard Sector St. Petersburg, Fla., received a call around 1:30 a.m. Sunday morning saying that four boaters, Cooper, Smith, Skylar and Bleakley, did not return as scheduled from their fishing trip. The four men left Clearwater Pass about 6:30 a.m. Saturday morning in a 21-foot center console boat.

"Today's news is a sobering reminder about how truly precious and fragile life can be. We will continue to pray for a miracle, though we fully understand and respect the decision of the Coast Guard," a statement released by the Detroit Lions said. "We were thrilled yesterday with the news of Nick's rescue, and it gave all of us hope that Corey, Will and Marquis would also be found alive. While we still have that hope, we have begun to cope with the grim reality of this sad and tragic situation. We cannot adequately express our heartfelt appreciation to the Coast Guard and all the Florida authorities involved in the rescue mission. Their heroic efforts saved at least one life, and we know they did everything possible for Corey, Will and Marquis."

Smith, 29, had 30 tackles, three sacks and an interception in 12 games last season for the winless Lions. The 6-foot-2, 250-pounder had 83 tackles, 8 1/2 sacks and the pick in 62 career games with Tampa Bay, San Francisco and Detroit.

The 6-3, 215-pound Cooper had played sparingly over the past three seasons, appearing in only 13 games and recording just 10 tackles. After recording 32 tackles in 26 games with Tampa Bay from 2004-05, the 26-year-old Cooper bounced between Pittsburgh, Minnesota, Seattle and Jacksonville before settling in Oakland for the 2008 season.

Smith and Cooper were teammates on the Bucs in 2004.

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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.