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03/08/2010 - Miami, FL (Sportsbook Betting Lines) - The Miami Dolphins officially re-signed quarterback Chad Pennington on Monday.
The Miami Herald reported last week Pennington inked a one-year contract worth $2.5 million to remain with the Dolphins, whom he guided to an unlikely playoff berth in 2008.
Pennington was Miami's starting QB at the beginning of last year but suffered a season-ending shoulder injury in the third game, allowing Chad Henne to come in and secure the starting spot behind center.
The 10-year veteran spent the first eight years of his career with the Jets and has thrown for over 3,000 yards three times.
Despite a history of shoulder issues, the Marshall product has thrown for 17,804 yards and 102 touchdowns as compared to 64 interceptions in 89 career games. His career 66.1 completion percentage ranks first all-time in the NFL.
<< Hawaii fires men's basketball coach Nash
Honolulu, HI (Sportsbook Betting Lines) - The University of Hawaii announced Monday it
has fired head men's basketball coach Bob Nash.
Hawaii went 10-20 and did not qualify for the Western Athletic Conference
Tournament this season, Nash's thi
<< Roethlisberger investigation continues
Milledgeville, GA (Sportsbook Betting Lines) - Milledgeville police chief Woodrow Blue
said Monday at a brief press conference that arrangements are being made to
interview Steelers quarterback Ben Roethlisberger, who was recently accused
of sex
<< Texans retain WR Walter, P Turk
Houston, TX (Sportsbook Betting Lines) - The Houston Texans made it official on Monday
by re-signing wide receiver Kevin Walter and punter Matt Turk after both
become unrestricted free agents on Friday.
Terms of the contracts were not disclos
<< Lions re-sign TE Heller
Allen Park, MI (Sportsbook Betting Lines) - The Detroit Lions on Monday re-signed tight
end Will Heller to a three-year contract.
Heller played in all 16 games (nine starts) last season, his first with the
Lions after spending the three previous y
Senators sign D Lee to two-year contract >>
Ottawa, ON (Sportsbook Betting Lines) - The Ottawa Senators have signed defenseman Brian
Lee to a two-year contract.
The 22-year-old Lee has split time this season between Ottawa and Binghamton
of the American Hockey League. In 18 NHL games, Lee h
Chiefs bring back WR Chambers >>
Kansas City, MO (Sportsbook Betting Lines) - The Kansas City Chiefs re-signed wide
receiver Chris Chambers on Monday. Details of the contract were not
announced.
The 11-year veteran started the last nine games in 2009 and had 36 catch
Bills sign OL Green >>
Orchard Park, NY (Sportsbook Betting Lines) - The Buffalo Bills have signed offensive
lineman Cornell Green to a multi-year contract.
Green, who will turn 34 years old this August, spent the last three seasons
with the Oakland Raiders and made 3
Panthers release FB Hoover >>
Charlotte, NC (Sportsbook Betting Lines) - The Carolina Panthers have released veteran
fullback Brad Hoover, the team announced Monday.
Hoover has spent all 10 of his NFL seasons with the Panthers, and last season
played in 11 games, serving as
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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