Re-direct issues

[RENDEV]

Forgive me for the novice question. But I was recently looking at open site explorer and was checking out my site www.visualawards.com , I know we have a re-direct to www.visualawards.com/home.php . After checking both URL's, I found that I have links pointing to both.

Is this bad, am I diluting the links? If yes, which one should I point the future ones to, and is there anyway to recover the current links already?

Thanks again for your help!!!

[TheEspresseo]

Make sure you are using a server-side 301 redirect and you should be golden!

[A_Q]

I think that the best practice is to use  rel="canonical"

It will ensure that you do not lose any links.

This article will explain it better and in more detail http://www.seomoz.org/blog/canonical-url-tag-the-most-important-advancement-in-seo-practices-since-sitemaps

[Doc_Sheldon]

As Loudogg says, with a 301 redirect you'll be fine, although you will experience a slight loss of link juice through the 301. Further losses can be avoided by ensuring (as much as is possible) that links are directed to your destination page, so they don't go through the redirect.

I'd definitely make sure to implement a rel="canonical" directive, and focus on being consistent.