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07/12/2010 - Indianapolis, IN (Sportsbook Betting Lines) - The Division I Men's Basketball Committee revealed its format for the newly expanded 68-team field in the NCAA Tournament on Monday.
Beginning next March, eight teams will play early during the opening week in what is being dubbed the "First Four" round, with the winners advancing to the second round on Thursday or Friday.
Two of the first-round games will feature the last four at-large teams selected to the tournament, while the other two contests will match teams ranked 65 through 68 on the overall seed list.
The at-large teams that win their opening game will then be seeded where they would normally be placed in the bracket, meaning a contest between a pair of No. 12 seeds would result in the winner advancing to play a No. 5 seed.
The winners of the games involving teams seeded 65 through 68 will move on to play against a No. 1 seeded team.
<< Ducks sign LW Green
Anaheim, CA (Sportsbook Betting Lines) - The Anaheim Ducks added some depth to the
forward position by signing left wing Josh Green to a one-year contract on
Monday.
The 32-year-old spent last season with Modo of the Swedish Elite League wh
<< Knicks still have cap space, but future is now
GREENBURGH, N.Y. (AP) -Enough talk about the salary cap. The New York Knicks think they can win now.New York introduced new additions Raymond Felton, Anthony Randolph, Kelenna Azubuike and Ronny Turiaf on Monday. Not quite the same as showing off Le
<< Cavs owner defends stance on LeBron
CLEVELAND (AP) -Cavaliers owner Dan Gilbert says he ``strongly'' disagrees with Jesse Jackson's criticism of his recent comments about LeBron James.Following James' announcement last week, Gilbert fired off an incendiary letter to Cleveland's fans,
<< Canada well-represented at 2010 MLB All-Star Game
Toronto, Canada (Sportsbook Betting Lines) - The Toronto Blue Jays will send three of
their starting nine to the 81st MLB All-Star Game, after hitting a major-league
leading 136 home runs in the first half.
Toronto's All-Star representatives of Verno
Pironkova, Kanepi win Palermo openers >>
Palermo, Italy (Sportsbook Betting Lines) - Wimbledon semifinalist Tsvetana Pironkova
and Wimbledon quarterfinalist Kaia Kanepi were among Monday's opening-round
winners at the $220,000 Palermo International tennis tournament.
The fourth-seeded
Red Stars earn first win over Sky Blue FC >>
Bridgeview, IL (Sportsbook Betting Lines) - Chicago Red Stars used forward Ella Masar's
fourth goal in four games to top the 2009 Women's Professional Soccer champion
Sky Blue FC, 2-0, on Saturday at Toyota Park.
It was Chicago's first ever win ag
Haslem stays home; Heat now with five players >>
Miami, FL (Sportsbook Betting Lines) - Udonis Haslem has opted to stay in Miami, giving
the Heat a grand total of five players on their roster.
Haslem was an unrestricted free agent that, according to the Miami Herald, was
offered larger deals by th
Del Bosque tips Spain to dominate >>
Madrid, Spain (Sportsbook Betting Lines) - Delighted coach Vicente del Bosque believes
Spain can dominate world football for many years to come after their first-
ever World Cup final victory.
Andres Iniesta's extra-time goal proved decisive
Sportsbooks that take credit cards are not always easy to come by....Everything from credit card companies denying gambling transactions to the fear of chargebacks by customers has slowed down sportsbook credit card transactions by a high percentage.
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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 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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