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01/24/2012 - Oakland, CA (Sportsbook Betting Lines) - The Oakland Athletics agreed to terms on a one- year contract with pitcher Bartolo Colon on Tuesday.
After not pitching in the majors in 2010, the 38-year-old former Cy Young winner returned last season with the New York Yankees and posted an 8-10 mark in 29 games -- 26 starts -- with a 4.00 earned run average and 135 strikeouts.
Over 14 seasons with the Indians, Expos, White Sox, Angels, Red Sox and Yankees, the two-time All Star has a 161-113 career record with a 4.09 ERA in 357 games -- 351 starts.
<< Big East adds Navy for football
Providence, RI (Sportsbook Betting Lines) - The Big East has announced that Navy will
join the conference for football only, effective for the 2015 season.
Navy's addition will give the Big East 11 football schools. In December, the
league brough
<< In the FCS Huddle: FCS players could impact the Super Bowl
Philadelphia, PA (Sportsbook Betting Lines) - Nick Collins made one of the bigger plays
when the Green Bay Packers defeated the Pittsburgh Steelers in last year's
Super Bowl.
In two weeks, plenty of former FCS players have the opportunity to be game-
<< Flamengo signs Chilean defender Gonzalez
Rio de Janeiro, Brazil (Sportsbook Betting Lines) - Flamengo inked Chile defender Marcos
Gonzalez on a three-year contract Tuesday from Universidad de Chile.
The Brazilian-born Gonzalez started his club career with Universidad de Chile,
and later pla
<< Ovechkin skipping All-Star Game
Arlington, VA (Sportsbook Betting Lines) - Washington Capitals general manager George
McPhee told reporters Tuesday that forward Alexander Ovechkin will not
participate in this weekend's NHL All-Star Game.
"Because he's a suspended player
Milwaukee's Bennett named MISL Player of Week >>
Tampa, FL (Sportsbook Betting Lines) - Milwaukee Wave forward Ian Bennett was named the
Major Indoor Soccer League's Player of the Week on Tuesday for Week 12.
Bennett recorded 15 points in three games as the Wave maintained their lead in
the MISL Ce
Report: Tigers win Prince Fielder sweepstakes >>
(Sportsbook Betting Lines) - The Detroit Tigers have reportedly reeled in the biggest
remaining free agent on the market: Prince Fielder.
Multiple media outlets are reporting the first baseman agreed to a nine-year,
$214 million contract with the
Arlington Million XXX on for August >>
Arlington Heights, IL (Sportsbook Betting Lines) - The 30th running of the Arlington
Million has been scheduled for Saturday, August 18. The 1 1/4-mile turf stakes
is the centerpiece of Arlington Park's annual race meet.
Won in 2011 by Cape Blanc
Prince goes to Detroit for a king's ransom >>
Philadelphia, PA (Sportsbook Betting Lines) - Say what you want about super agent Scott
Boras, but in the end he always gets his man his money.
The latest example came on Tuesday when Prince Fielder, who some suggested
over the weekend may have to set
In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).
If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)
In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams.
The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and online football betting thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s.
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
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