Former PGA Tour winner Pate leads Bogota Open

Golf Betting Lines

03/06/2010 - Bogota, Colombia (Sportsbook Betting Lines) - Former PGA Tour winner Steve Pate had a five-under 66 Saturday to take a two-shot lead after three rounds of the Nationwide Tour's Bogota Open.

The 48-year-old Pate birdied five of his last 11 holes to post an 11-under 202 and distance himself from a pack of players at the top of the leaderboard.

Tag Ridings, a leader after both of the first two rounds, had a one-under 70 and dropped into second place at nine-under 204.

Three players shared third place at eight-under 205, including Zack Miller, who produced the low round of the day with a six-under 65. Aaron Watkins (67) and William McGirt (70) were also at 205.

McGirt held sway over the field for much of the day. He took a two-shot lead with a pair of early birdies and remained on top of the leaderboard until a bogey at the 13th.

While McGirt fizzled on the back nine, Pate thrived.

Back-to-back birdies at the eighth and ninth holes got him within a shot of the lead, but he didn't grab a piece of first place until a birdie at the 13th.

Pate added two more birdies -- at the 16th and 18th holes -- to secure his two-shot lead.

If he can hold on through Sunday's final round, Pate will taste winning for the first time in more than a decade.

The two-time Ryder Cup selection won six times on the PGA Tour between 1987 and 1998. He might also have won the 1999 Bob Hope Chrysler Classic if not for David Duval's final-round 59.

"I have no idea what's going on," Pate joked. "I'm hitting it well. I'm not doing anything stupid."

Basically, Pate is playing it safe.

"Even though I have wedges in my hand I'm making sure it's on the green, short of the hole and trying to putt uphill as much as possible," he said. "It seems to be working out."

Pate made only one cut in four starts on the PGA Tour last year. He also missed the cut in most of his starts on the Nationwide Tour. In fact, he hasn't made more cuts than he's missed in any season since 2005, when he was 5-for-9 on the Nationwide Tour.

No one has to tell Pate he's in rare form. He knows how long it's been since he's had an opportunity this good. Now it's just a matter of holding on for the ride.

"I may go out and vomit all over myself tomorrow," Pate said, "but it's fun to be in this position."

NOTES: Pate shot a bogey-free 66 for the second day in a row...This is the first PGA Tour-sanctioned event in South America...Pate's best finish on the Nationwide Tour is a tie for fifth at the 2008 Mexico Open.

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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.