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06/23/2010 - Arcadia, CA (Sportsbook Betting Lines) - The annual Oak Tree at Santa Anita racing meet has been confirmed for this year. The announcement came at Tuesday's meeting of the California Horse Racing Board (CHRB).
The announcement put an end to speculation over the future of the Oak Tree meet. Santa Anita's parent company, Magna International Development (MID), voided the lease in May, which was originally scheduled to be good through 2016.
MID Chairman Frank Stronach agreed to a special one-year lease contract with Oak Tree that will allow the non-profit organization to operate this fall as originally scheduled.
"Mr. Stronach has generously changed his mind and allowed us to stay for another year," said Oak Tree Director and Executive Vice President Sherwood Chillingworth. "I think it's (new one-year lease) good for the industry and for all of us."
Opening day for the 2010 Oak Tree program will be Wednesday, September 29.
The Oak Tree at Santa Anita racing meet hosted the last two Breeders' Cup World Championships and also played host to the event in 1986, 1993 and 2003.
<< Hornets owner: "We will continue to build around Chris Paul"
New Orleans, LA (Sportsbook Betting Lines) - New Orleans Hornets owner George Shinn
released a statement Wednesday, saying star point guard Chris Paul is the
franchise's "cornerstone" and the player the team will continue to build
around.
<< NBA Draft Notebook: Kahn insults himself into a corner
Philadelphia, PA (Sportsbook Betting Lines) - In less than 24 hours, I will be hopping
on a train bound for New York's Penn Station and the annual NBA Draft that
will take place upstairs at the world's most famous arena, Madison Square
Garden.
I real
<< Gonzalez deserved better from Marlins
(Sportsbook Betting Lines) - Perhaps when the Florida Marlins solidified plans for their
new ballpark recently, they should have gone with a circus tent to cover the
field rather then a retractable roof. It would fit with the overriding theme
surrounding
<< Federer, Djokovic, Roddick reach third round at Wimbledon
Wimbledon, England (Sportsbook Betting Lines) - Six-time champion Roger Federer,
third-seeded Novak Djokovic and three-time runner-up Andy Roddick were among
Wednesday's second-round winners at Wimbledon.
The top-seeded world No. 2 Federer was teste
Cavs trying to deal into NBA draft >>
CLEVELAND (AP) -The Cleveland Cavaliers don't currently have a coach, any draft picks or a clue if LeBron James is coming back.But in this volatile summer, things are changing quickly.The Cavs, who traded away their selections while chasing an NBA t
Germany edges Ghana to win Group D >>
Johannesburg, South Africa (Sportsbook Betting Lines) - Germany clinched the top spot in
Group D on Wednesday at Soccer City as Mesut Ozil's goal in the 60th minute
was enough to give the Germans a 1-0 win over Ghana, which still advanced on
goal di
Socceroos top Serbia, but both teams eliminated >>
Nelspruit, South Africa (Sportsbook Betting Lines) - Australia topped Serbia 2-1 to add
some excitement to the final round of games in FIFA World Cup Group D at
Mbombela Stadium on Wednesday.
The Socceroos needed to win and erase a five-go
Strasburg: 7 strikeouts in 5 innings in 4th start >>
WASHINGTON (AP) -Stephen Strasburg got off to another strong start for the Washington Nationals on Thursday, striking out seven with no walks through his first five innings.The right-handed rookie opened with a 97 mph fastball in 93-degree heat agai
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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