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What do 40 Gulf Stream jets, a lifetime supply of Donald Trump's hair products and the Los Angeles Dodgers have in common?They all cost $2 billion.  On Tuesday, a group called Guggenheim Baseball Management LLC ponied up just over two billion greenbacks to lay claim to the Dodger franchise after a nasty divorce between the previous owners, Frank and Jamie McCourt, forced the team onto the market. The $2.15 billion purchase, led by Laker legend Magic Johnson and über film producer Peter Gruber, not only set the record for the most expensive acquisition of a sports franchise, it obliterated it. Previously, the record ...

The Miami Heat (37-13) will close out a short two-game road trip against Eastern Conference opponents when taking on the Boston Celtics (29-22) inside the TD Garden on Sunday at 3:30 p.m. EDT in a nationally-televised event on ABC.Las Vegas oddsmakers have opened up the Heat as 3.5-point favorites—due to winning three consecutive games in the series, while the total sits at 186.5.Miami struggled at times to put away the Toronto Raptors in its last contest, finally pulling away for a 113-101 win as seven-point road favorites on Friday night.  The Heat also went "over" the total for a third ...

The 2012 NCAA tournament has reached its final stage, as the Final Four is set to begin in less than six hours inside the Mercedes-Benz Superdome in New Orleans. Las Vegas oddsmakers have seen very little movement in the betting odds since they were established for both matchups last weekend, but that could definitely change due to the amount of money that will pour in over the next few hours. Let's take a closer look at the numbers, and also check out some proposition wagers that are available in the betting market.Begin Slideshow

The 2012 NCAA tournament is coming to a close, and four teams still have realistic hopes of cutting down the nets in New Orleans. Las Vegas oddsmakers have established the Kentucky Wildcats as 8.5-point favorites against the Louisville Cardinals, while the Ohio State Buckeyes are favored by 2.5 points over the Kansas Jayhawks.Let's take a look at the 10 things you need to know before wagering on the Final Four this weekend.Begin Slideshow

Philadelphia-based analyst Tony Wible, who covers media companies for Janney Montgomery Scott LLC, valued the New York Yankees a Major League Baseball-high $2.85 billion after a group led by Magic Johnson bought the Los Angeles Dodgers in a $2.3 billion transaction. The Dodgers sold for $900 million more than any other North American sports team. The sum of the sale actually upended the previous two largest combined U.S. sports teams sales which were the Miami Dolphins ($1.1 billion) and the Chicago Cubs ($845 million).Forbes valued the Yankees at $1.85 billion on $439 million in revenue, while the Dodgers came in No. 2 at $1.4 billion on slightly more ...

The Tiger Woods saga is tailor-made for television soap operas and made-for-TV movies.Once a golfer who had it all, Woods lost it all just as quickly, and is now trying to claw his way back—I tell you, this story has everything: an out-of-the-blue climb to the top, early success, a scandal and injury that threatened to doom our protagonist and a story of repentance, a mea culpa to set this journey up for that trademark bittersweet ending.When Woods won the Arnold Palmer Invitational over the weekend, he completed the segment of his story formulaically known as rock bottom: the valley, ...

The Seattle Mariners (1-0) and Oakland Athletics (0-1) will close out the Gloops Japan Opening Series 2012 from the Tokyo Dome in Japan, with the first pitch scheduled for 5:10 a.m. EDT.Las Vegas oddsmakers have established the Athletics as slight -110 favorites, while the total is 8.5 across the board.Seattle opened the series with a 3-1 extra-innings victory on Wednesday, as star outfielder Ichiro Suzuki put on a show for his native country in racking up four hits.The Mariners will play 19 total games against one of their American League West rivals this year, as they've won seven of their ...

The New York Knicks (25-25) will be playing without at least two starters on Wednesday night when hosting the Orlando Magic (32-18) inside Madison Square Garden in New York City.Las Vegas oddsmakers have established the Knicks as two-point home underdogs, while the total has settled in at 189.Knicks starting point guard Jeremy Lin (knee) and power forward Amar'e Stoudemire (back) are both listed as out, while leading scorer Carmelo Anthony is probable with a nagging groin injury.The All-Star forward is definitely needed against tonight's opponent, as he scored 33 points in a 102-93 loss as 1.5-point home underdogs in the ...

The Seattle Mariners (0-0) and Oakland Athletics (0-0) will open up the 2012 Major League Baseball season inside the Tokyo Dome on Wednesday, with the first pitch scheduled for 6:10 a.m. EDT.Las Vegas oddsmakers have established the Mariners as -130 favorites in a unique situation, while the total is 7 across the board.Seattle will receive a majority of wagers in the betting market due to outfielder Ichiro Suzuki playing in his home country, while also possessing an edge on the mound between scheduled starters.Felix Hernandez is certainly one of the best pitchers in the American League, but comes off a ...

There's definitely a buzz within the sports betting community after today's NFL announcement that the Super Bowl champion New York Giants will host the Dallas Cowboys to kick off the 2012 season inside MetLife Stadium on Sept 5th.BetOnline sports book has released the Giants as 3.5-point home favorites in this high-profile matchup between NFC East rivals that will be nationally televised on NBC.New York swept last year's series, and rewarded sports bettors by covering the spread in each contest, including a 31-14 win as three-point home favorites in the regular-season finale on Jan. 1st.The Giants won their final six games ...