08/06/2008 - Washington, DC (Sportsbook Betting Lines) - The Washington Capitals signed center David Steckel to a one-year extension on Wednesday that will keep him under contract through the 2009-10 season. Per team policy, financial terms were not disclosed.
Steckel, 26, recorded five goals and seven assists in 67 games for the Capitals last season.
Signed by Washington as a free agent on August 25, 2005, Steckel spent most of the 2005-06 and 2006-07 seasons with Hershey of the American Hockey League where he recorded 44 goals and 51 assists in 145 games.
<< Rockies to activate Francis
Denver, CO (Sportsbook Betting Lines) - Colorado Rockies pitcher Jeff Francis will be
activated from the disabled list in time to start Wednesday's game against the
Washington Nationals.
The 27-year-old lefty has been sidelined for over a month wit
<< Maryland's racing troubles force tough decisions
Baltimore, MD (Sportsbook Betting Lines) - Difficult financial times have forced the
Maryland Jockey Club (MJC) and Maryland Thoroughbred Horsemen's Association
(MTHA) to slash the stakes schedule for the Laurel Park fall meeting. The
racing
<< Celtics to begin title defense against James, Cavaliers
New York, NY (Sportsbook Betting Lines) - The Boston Celtics will begin their title
defense on Tuesday, October 28 at home against LeBron James and the
Cleveland Cavaliers.
The contest is the first of two featured on the NBA's 2008-09
<< Rays' Crawford out with hamstring injury
St. Petersburg, FL (Sportsbook Betting Lines) - Tampa Bay Rays outfielder Carl Crawford
was out of the starting lineup for Wednesday's game against the Cleveland
Indians with a left hamstring injury.
Eric Hinske got the start in left while Gabe
Edmonton's Ray highlights CFL weekly awards >>
Toronto, ON (Sportsbook Betting Lines) - Edmonton quarterback Ricky Ray was named
CFL Offensive Player of the Week Wednesday. He was joined in Week 6 honors
by a pair of Toronto Argonauts, defensive end Jonathan Brown and return
special
Indians' Cabrera injures ankle >>
St. Petersburg, FL (Sportsbook Betting Lines) - Cleveland Indians second baseman
Asdrubal Cabrera suffered a sprained left ankle during Wednesday's game
against Tampa Bay.
Cabrera was hurt while simply trotting out to the field for the
Rangers having trouble making ground >>
(Sportsbook Betting Lines) - It's becoming quite clear that the LA Angels of Anaheim
will win the American League West division barring any major injuries,
earthquakes, the Rapture or the return of dinosaurs.
So where does that leave the
Pistons sign second-round pick >>
Auburn Hills, MI (Sportsbook Betting Lines) - The Detroit Pistons have signed forward
Walter Sharpe, a second-round pick in the 2008 NBA Draft.
Sharpe was chosen with the 32nd overall selection of the draft. The University
of Alabama-Birmingham pro
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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 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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