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08/30/2010 -
CHARLOTTE, N.C. (AP) -Michael Jordan and his Bobcats NBA team will donate $250,000 to middle-school athletics programs in Charlotte, North Carolina's largest city.
The Charlotte Observer says the NBA hall-of-famer and North Carolina native will announce the gift Monday.
Jordan, who made a fortune playing in the NBA and marketing his image as one of the world's best-known athletes, talked about being a contributor to the Charlotte community when he bought the Bobcats this spring.
Charlotte schools cut $1.25 million cut from athletics programs this year and school officials announced a plan to charge students $50 for middle-schoolers and $100 high-schoolers who play.
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Information from: The Charlotte Observer, http://www.charlotteobserver.comCopyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
<< Report: Manny Ramirez to join White Sox
Chicago, IL (Sportsbook Betting Lines) - Baseball sources have confirmed to MLB.com that
Manny Ramirez will become a member of the Chicago White Sox on Monday.
The star outfielder was placed on waivers by the Dodgers earlier in the week.
The White So
<< Braun's early goal helps Chivas edge D.C. United
Carson, CA (Sportsbook Betting Lines) - Justin Braun scored his eighth goal of the year
in the 13th minute and Chivas USA edged D.C. United, 1-0, on Sunday night in
Major League Soccer at The Home Depot Center.
Zach Thornton made four saves for his
<< Tebow, Broncos take down Steelers
Denver, CO (Sportsbook Betting Lines) - Tim Tebow made his debut in front of the home
crowd and tossed a touchdown as the Denver Broncos downed the Pittsburgh
Steelers, 34-17, in preseason action.
Tebow, who missed last Saturday's preseaso
<< Johnson and Rays down BoSox
St. Petersburg, FL (Sportsbook Betting Lines) - Dan Johnson capped a three-run sixth
inning with an RBI single, as the Tampa Bay Rays defeated the Boston Red Sox,
5-3, in the rubber match of a three-game set from Tropicana Field.
Carl Crawford a
McCourt divorce trial opens in Los Angeles >>
LOS ANGELES (AP) - Who owns the Los Angeles Dodgers?That's what attorneys for Frank and Jamie McCourt will argue Monday as their non-jury divorce trial begins.A Superior Court judge must decide the validity of a postnuptial marital agreement that gi
2010 World Basketball Championship update - August 30th >>
(Sportsbook Betting Lines) -
Halftime: Serbia 57, Jordan 37 (Kayseri)
Halftime: Croatia 44, Slovenia 39 (Istanbul)
Group A: Australia vs. Germany, 12 p.m. (Kayseri)
Group B: Tunisia vs. Iran, 12 p.m. (Istanbul)
Group A: Angola vs. Argentia,
FCS Season Preview: Ivy League >>
Philadelphia, PA (Sportsbook Betting Lines) - Ivy League football coaches like to play
off the idea that there's parity within the Ancient Eight.
You know the old familiar lines - that they're recruiting from within the same
small pool of high school
White Sox hit the road to battle the Indians >>
(Sportsbook Betting Lines) - The playoff-hopeful Chicago White Sox may get an added
boost to their 10-game road trip, which begins tonight with the first of three
straight matchups against the Cleveland Indians at Progressive Field.
It has been report
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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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