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07/02/2009 - (Sportsbook Betting Lines) - I've always thought of sports as the ultimate form of escapist entertainment.
And a whole lot of people need to "escape" right about now.
It was announced Thursday that the nation's employers cut a larger-than- expected 467,000 jobs in June, and the unemployment rate climbed to a 26-year high of 9.5 percent. All told, 14.7 million Americans were unemployed in June.
Perhaps no city has been hit harder than Detroit, where the economic recession has left the Motor City with an astounding 22 percent unemployment rate, over two times the national average.
It wasn't always like that. Once upon a time, moving to Detroit was like winning the middle-class lottery. People with little or no real education were able to get jobs in the auto industry and in turn garner nice pay, great benefits and a solid pension. It was the very definition of the "American Dream," for so many.
Increased competition from foreign companies, the unyielding demands of the powerful unions and flat out mismanagement at the very top collapsed the entire auto industry from within, leaving a crumbling city both politically and fiscally.
Inasmuch, the people of Motown could use an "escape."
In recent years, the Pistons have been great at providing a few hours of escapist entertainment. Six straight trips to the Eastern Conference finals made late spring basketball a birthright for a generation of hoops fans...
Until last year.
Convinced his veteran-laden team was stale and couldn't get over the ultimate hump, Pistons president Joe Dumars pushed the plunger and blew up his team. The results were disastrous.
Joe D. jettisoned the underrated Flip Saunders for the untested and unproven Michael Curry, and compounded that mistake with the ill-conceived Chauncey Billups-Allen Iverson trade.
Curry's decision to bench veteran stalwart Rip Hamilton in favor of Iverson was not well-received by his team. Gone was Detroit's legendary balance, defensive prowess and chemistry, not to mention the run of six straight trips to the East finals.
In his first year directing the perennial championship contenders, Curry led the Pistons to just a 39-43 record, good for the No. 8 seed in the Eastern Conference. Detroit was then quickly swept in the first round of the playoffs by the top-seeded Cavaliers, who won each game by double digits.
Needless to say, this is a big summer for Dumars.
First, the Hall of Famer did an about-face Tuesday and fired Curry, just two months after he had held a press conference to confirm that his embattled coach would return to the Motor City in 2009-10.
Then the team - which did acquire plenty of cap space in the Iverson deal - dove into free agency headfirst on Wednesday, reportedly agreeing to deals with a pair of former UConn stars, sharp-shooting guard Ben Gordon, late of the Chicago Bulls, and emerging forward Charlie Villanueva, formerly of the Milwaukee Bucks.
Gordon, an offensive-minded two-guard just like Iverson, had been on the Pistons' radar for quite some time and is a much better fit than the former MVP.
"Ben agreed to come here knowing he would come off the bench," a source told NBA.com. "That makes it completely different than Iverson coming here...Gordon is choosing to come here and play the super sub role."
Villanueva, meanwhile, became available after Milwaukee inexplicably declined to make him a qualifying offer on Monday.
Now, Detroit will feature a three-guard rotation of Rodney Stuckey, Hamilton and Gordon, with Tayshaun Prince at small forward and Villanueva at power forward.
The problem is the pivot, where battle-tested veterans Rasheed Wallace and Antonio McDyess are both expected to move on, leaving the perpetually underachieving Kwame Brown as the only current option.
Like the city they play in, the Pistons are still a long way away from their glory days. But Dumars' dealings may have provided something far more important than any championship trophy -- a welcome distraction for an embattled fan base.
<< Bremen's Schaaf confirms Naldo exit
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NFL suspends Jets LB Pace for four games >>
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Atletico swoops for Juanito >>
Madrid, Spain (Sportsbook Betting Lines) - Atletico Madrid has completed the signing of
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Ten years ago, at just about this time, I called Alan Boston in Vegas and left him a voicemail that went something like this (abridged version): "Hey Alan, Chad Millman from ESPN The Magazine calling. I want to do a book about wise guys, you in?"
A couple weeks later I got a message back (abridged version): "I don't know, maybe," Boston said. "Call me and we'll talk about it. But not later today. I got $1,000 on Andre Agassi to win the French Open at 40-1, and he's in the finals."
Here's what happened next (abridged version): Agassi won his tourney. Boston won his $40,000. I wrote sportsbook.
In the ten years since, how much has been wagered on the big-time tennis events? Put it this way: The Nevada Gaming Commission doesn't even track the number year by year because it's so small.
"Tennis makes up about one-tenth of one percent of our take," says Lucky's bookmaking boss Jimmy Vaccaro. "The last big golf major we probably had $100,000 worth of bets. In tennis, we might have written two big tickets."
Tennis' lack of popularity amongst the American bettoratti is no surprise, really. For starters, the biggest sports betting holidays -- the Super Bowl, the NCAA tourney -- are must see TV. People, at least the degenerates I know, plan vacations around watching those events in Vegas sports books.
But Wimbledon? Doesn't exactly reel in the whales. "Seriously, it's the nuts as an event," says Boston. "But who even knows when it's on?"
Here's another reason that helps explain why golf gets traction, something I call "The Bubbe Theory." My Bubbe is pushing 95 and has cataracts so bad that, to her, even the most crystalline Chicago day is mostly cloudy. But she still listens to the Cubs games, and she still calls me in a fit if she disagrees with something Rick Telander writes in the Chicago Sun Times. She's a sports fan. If she doesn't know you, you're just filling a niche. And niche players, even historically good ones like Roger and Raf, don't drive betting volume. Only the highest profile names attract square money, which inflates wagering totals like a shot of saline to the lips. Bubbe, and the public, loved Agassi, tennis' last cross-the-rubicon, mainstream draw. She also has a crush on Tiger. She's given me standing orders to put a sawbuck on the big cat whenever I walk through a sports book (or mistakenly tap into one via my Internet machine.) That explains why the Masters is getting $100K in action at some books while the four tennis majors might not get that combined this year.
This isn't a case of tennis being a difficult sport to bet. In fact, in Europe, it's probably the second most popular sport for gambling after soccer. Granted, as the WSJ football betting last week and The Mag's Shaun Assael examined in even greater depth last year, that might be because gamblers across the pond see it as an easy game to fix. But it could also be because, over there it holds the kind of sway the big two do over here.
Street corners in Spain are peppered with public courts and kids doing their best Raffy impressions. In some war torn parts of Eastern Europe poverty-stricken kids view tennis as an escape route, like football or basketball here. A couple years ago The Mag's Lindsay Berra wrote a great piece about Belgrade's Jelena Jankovic, Ana Ivanovic and Novak Djokovic. They learned the game as kids while bombs were raining down on their homeland. They practiced in drained swimming pools. Not exactly Nick Bolletierri conditions.
In the United States, casual fans think tennis is played four times a year. But on the tightly packed European continent, national interest in homegrown talent runs deep every weekend. Of the ATP's current top 20 players, only two, tennis betting and James Blake, are American. Fourteen are from Europe, representing six different countries.
No wonder fans from Lisbon to Bhudapest get jacked up for the net game, whether it's Wimbledon or a low-level tourney like the Estoril Open in Portugal (congrats to Spain's Albert Montanes for winning that one, btw). Chances are good that someone representing their flag will not only be playing, but have a shot at winning.
And that's all any bettor can ask for.
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