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07/30/2010 - Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Vikings have reportedly signed running back Toby Gerhart.
The Star Tribune revealed Friday that Gerhart, the 51st overall draft pick back in April, was given a four-year, $3.767 million deal, according to league sources. The deal includes $1.939 million guaranteed, the paper said.
Gerhart was the runner-up to Alabama's Mark Ingram in the Heisman voting in 2009, rushing for 28 touchdowns as a senior for the Stanford Cardinal. For his effort, Gerhart won the Doak Walker Award as the nation's top running back.
With the signing, Minnesota has all eight of its draft picks signed and expected to make camp in Mankato.
<< NL Central: Pirates' purge won't be like years past
(Sportsbook Betting Lines) - The final few days of July are almost always antsy ones for
veteran players of the Pittsburgh Pirates, not to mention an absolute
nightmare for the organization's media relations staff, equipment managers and
clubhouse attend
<< Mets trade Jacobs to Blue Jays
Flushing, NY (Sportsbook Betting Lines) - The New York Mets have traded first baseman
Mike Jacobs to the Toronto Blue Jays for a player to be named later.
Jacobs signed with the Mets this offseason, but played in only seven games in
April before
<< Veloso seals move to Genoa
Genoa, Italy (Sportsbook Betting Lines) - Genoa has agreed to a deal that will bring
them midfielder Miguel Veloso from Sporting Lisbon, it was confirmed by the
Portuguese club on Friday.
The 24-year-old Veloso has been linked with a number o
<< Canadiens sign D Henry
Montreal, QC (Sportsbook Betting Lines) - The Montreal Canadiens signed defenseman Alex
Henry to a two-year, two-way contract on Friday. Financial terms of the deal
were not disclosed.
Henry did not appear in the NHL last season, but over 68 games
A's activate Anderson, disable Bailey >>
Chicago, IL (Sportsbook Betting Lines) - The Oakland Athletics made several moves on
Friday, among them reinstating pitcher Brett Anderson from the 15-day disabled
list and placing pitcher Andrew Bailey on the 15-day DL, retroactive to July
21.
Steelers agree to five-year deal with Pouncey >>
Latrobe, PA (Sportsbook Betting Lines) - The Pittsburgh Steelers have agreed to terms
on a five-year deal with first round draft choice Maurkice Pouncey. He is
expected to be with the team for its' first official practice on Saturday.
Financia
Zambrano rejoins Cubs >>
Denver, CO (Sportsbook Betting Lines) - The Chicago Cubs have reinstated pitcher Carlos
Zambrano from the restricted list prior to Friday's road game against the
Rockies.
The right-hander's placement on the restricted list stemmed from a du
Redskins' Haynesworth held out of practice again >>
Ashburn, VA (Sportsbook Betting Lines) - Washington Redskins defensive tackle Albert
Haynesworth was held out of practice for a second straight day Friday after
again failing to pass his conditioning test.
Haynesworth was held out of the R
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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.
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