The Daily News was founded by Joseph Medill Patterson. He and his cousin, Robert R. McCormick were co-publishers of the Chicago Tribune and grandsons of Tribune founder Joseph Medill. When Patterson and McCormick could not agree on the editorial content of the Chicago paper, the two cousins decided at a meeting in Paris that Patterson set on the project of launching a Tribune-owned newspaper in New York. On his way back, Patterson met with Alfred Harmsworth, who was the Viscount Northcliffe and publisher of the Daily Mirror, London's tabloid newspaper. Impressed with the advantages of a tabloid, Patterson launched the Daily News on June 26, 1919.[4]
The Daily News was not an immediate success. With an emphasis on sensational news, violent crimes and sex scandals, the tabloid was described as "a paper for morons" and "vulgar journalism in its worst form". By August 1919, the paper's circulation had actually dropped to 26,625 [5]. Still, New York's many subway commuters found the tabloid format easier to handle, and readership steadily grew. By the time of the paper's first anniversary in June 1920, circulation was over 100,000 and by 1925, over a million.
The News carried the well-known slogan "New York's Picture Newspaper" from 1920 to 1991, for its emphasis on photographs, and a camera has been part of the newspaper's logo from day one. (The News's current slogan, developed from a 1985 ad campaign, is "New York's Hometown Newspaper" while another slogan was "The Eyes, the Ears, the Honest Voice of New York"). The Daily News continues to include large and prominent photographs, for news, entertainment and sports, as well as intense city news coverage, celebrity gossip, classified ads, comics, a sports section, and an opinion section.
Prominent sports cartoonists have included Bill Gallo and Ed Murawinski. Columnists have included Walter Kaner. Editorial cartoonists have included C. D. Batchelor.
In 1982, and again in the early 1990s during a newspaper strike, the Daily News almost went out of business. In the 1982 instance, the parent Tribune offered the tabloid up for sale. In 1991, millionaire Robert Maxwell offered financial assistance to The News to help it stay in business. When Maxwell died shortly thereafter, The News seceded from his publishing empire, which eventually splintered under questions about whether Maxwell had the financial backing to sustain it. Mort Zuckerman bought the paper in 1993.
From its founding until 1991, the Daily News was owned by the Tribune. The News established WPIX (Channel 11 in New York City), whose call letters were based on The News' nickname of New York's Picture Newspaper; and later bought what became WPIX-FM, which later became WQCD. The television station became a Tribune property outright in 1991; the radio station was purchased by Emmis Communications.
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 sportsbook got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
MySportsbook.com - online sportsbook
MySportsbook is an online sportsbook, casino, poker room and
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blackjack gambling. Sports Book accepts credit cards.
offers free picks for NFL, NBA, college basketball, NCAA football, NHL, and MLB. pro commentary in sports handicapping contests.
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Sportsbooks.com - online sportsbooks
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sports book guide including information on casinos, lotteries, bingo, poker, and more.
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Whatever sport is your passion, Sportsbooks.com will take you front and center. Get the entire fast-paced and high-octane sports world right at your fingertips. From NBA Basketball to the Madness of College football betting and everything in-between.
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BettingExpress.com - betting lines
Betting Express is regarded as one of the BEST sports betting lines sites on the web and as they are one of the oldest sports books in operation and their great reputation for fast payouts and friendly customer service! They are also a players favorite because they give out 4 free $10 bets each month, sometimes more!
Betting Express football betting lines is best known for their reputation as being rock solid financially. Betting Express also makes it easy to deposit as unlike some sportsbook, Betting Expres is able to process credit cards with a very high success rate.
Betting Express NCAA football Betting Lines info:
Betting Express
Phone number: 1-866-238-6648
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