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07/01/2010 - St. Louis, MO (Sportsbook Betting Lines) - The St. Louis Blues inked restricted free- agent forward Alex Steen to a four-year contract extension on Thursday.
The 26-year-old native of Winnipeg and son of Jets franchise icon Thomas Steen posted career highs with 24 goals and 47 points in 68 games with the Blues last season. His 24 scores tied him with Andy McDonald for the team lead.
In a five-year NHL career with Toronto and St. Louis, Steen has racked up 80 goals and 197 points in 382 total contests.
Also Thursday, St. Louis signed restricted free agent Vladimir Sobotka to a one-year extension.
Sobotka picked up four goals and 10 points for the Bruins last season, and was acquired by the Blues on June 26.
<< Greece names Santos new coach
Athens, Greece (Sportsbook Betting Lines) - Greece hired Fernando Santos to replace Otto
Rehhagel as its coach.
Rehhagel quit last week after Greece was eliminated from the World Cup. The
71-year-old German was in charge of the team for nine year
<< Penguins sign D Michalek
Pittsburgh, PA (Sportsbook Betting Lines) - The Pittsburgh Penguins signed defenseman
Zbynek Michalek to a five-year contract worth $4 million per season on
Thursday.
Michalek will try to help Pittsburgh replace departed No. 1 defenseman S
<< Change of date for Alabama-Georgia State
Tuscaloosa, AL (Sportsbook Betting Lines) - The Georgia State at Alabama football game
has been moved up two days to Thursday, Nov. 18 at Bryant-Denny Stadium, the
two schools announced Thursday.
Kickoff time and television exposure are to be determin
<< Mexico coach Aguirre quits
Mexico City, Mexico (Sportsbook Betting Lines) - Mexico coach Javier Aguirre resigned on
Wednesday, just days after the Mexicans were eliminated from the World Cup.
Aguirre guided Mexico to second place in Group A in South Africa, but the team
was el
Phillies' skipper Manuel suspended >>
Pittsburgh, PA (Sportsbook Betting Lines) - Philadelphia Phillies manager Charlie
Manuel has been suspended one game and fined an undisclosed amount for his
aggressive arguing and inappropriate contact with an umpire during the 10th
inning
Bruins re-sign F Paille >>
Boston, MA (Sportsbook Betting Lines) - The Boston Bruins re-signed forward Daniel
Paille to a two-year contract on Thursday.
Boston acquired Paille from Buffalo during the 2009-10 season and the former
first-round pick of the Sabres notched
Phillies' Utley to have surgery >>
Pittsburgh, PA (Sportsbook Betting Lines) - Philadelphia Phillies second baseman
Chase Utley is scheduled to undergo surgery Thursday on his injured right
thumb.
The operation will take place at the Hospital for Special Surgery in New Yo
Canucks sign C Malhotra >>
Vancouver, BC (Sportsbook Betting Lines) - The Vancouver Canucks signed veteran center
Manny Malhotra to a three-year contract on Thursday.
The 30-year-old Malhotra scored a career-high 14 goals and added 19 assists in
71 games with San Jose last se
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.
To visit this internet sportsbook go to MySportsbook.com for all your football betting and World Series odds.
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