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12/20/2011 - Laurel, MD (Sportsbook Betting Lines) - On the heels of also-eligibles being approved for the Kentucky Derby, the second jewel of thoroughbred racing's Triple Crown will also allow substitutes.
Beginning with the 2012 edition, the Preakness Stakes will permit two horses to be designated as also-eligibles. Churchill Downs announced last week that the Kentucky Derby will have four also-eligibles.
"It is very similar to what Churchill is doing for the Derby," said Maryland Jockey Club racing secretary Georganne Hale. "It enables us to still run a full field of 14 if there is a late scratch by 9 a.m. Friday morning. We have set the deadline because on that afternoon advanced wagering starts on the Preakness."
At its month meeting Tuesday at Laurel Park, the Maryland Racing Commission approved 146 days of racing in 2012 for Laurel Park and Pimlico Race Course. The approval came after last week's agreement by the Maryland Jockey Club and Maryland Thoroughbred Horsemen's Association on the dates.
"We are very pleased to be racing next year," said Maryland Jockey Club president Tom Chuckas. "I would like to personally thank Governor O'Malley, his chief legislative officer Joe Bryce and the Maryland Racing Commission, especially John McDaniel, for mediating the process. This agreement provides a foundation for continuing efforts to create a long-term solution to Maryland racing."
Laurel Park will have a winter and fall meet in 2012 and Pimlico, home of the Preakness, will conduct a spring meeting. The Laurel Park winter race meet will begin on Wednesday, January 4 through Saturday, March 24.
The 137th Preakness Stakes will be held on Saturday, May 19.
<< Trezeguet to join River Plate
Buenos Aires, Argentina (Sportsbook Betting Lines) - France striker David Trezeguet, who
won both the 1998 World Cup and Euro 2000 for his country, will join Argentine
side River Plate in January, according to the relegated giants.
The 34-year-old Tre
<< Devils' Elias to miss Tuesday's game
Newark, NJ (Sportsbook Betting Lines) - New Jersey Devils center Patrik Elias will miss
Tuesday's game against the New York Rangers because of an illness.
Elias, who became the franchise's all-time leading goal scorer on Saturday,
missed practice
<< Darryl Sutter to debut as Kings coach
Los Angeles, CA (Sportsbook Betting Lines) - Darryl Sutter was officially named head
coach of the Los Angeles Kings on Tuesday.
Sutter, who has taken an NHL team to the playoffs in 10 of 11 seasons as a
head coach, will take over beginning wit
<< FCS title game sold out
Frisco, TX (Sportsbook Betting Lines) - The 2011 FCS championship game is sold out,
according to the NCAA's website.
Pizza Hut Park holds 20,086 for football, and drew 13,027 for last year's
match-up between Eastern Washington and Delaware.
North D
Ohio State banned from postseason in 2012 >>
Columbus, OH (Sportsbook Betting Lines) - Ohio State received a one-year postseason ban
among the sanctions handed down Tuesday by the NCAA for a memorabilia scandal
that cost Jim Tressel his job as head football coach.
The postseason ban means the Bu
Afflalo re-ups with Nuggets >>
Denver, CO (Sportsbook Betting Lines) - The Denver Nuggets have re-signed guard Arron
Afflalo to a multi-year contract.
The Denver Post reported the 26-year-old agreed to a five-year, $43 million
deal.
"Arron is a tremendous young player w
Liverpool's Suarez suspended eight games >>
London, England (Sportsbook Betting Lines) - Liverpool's Luis Suarez was suspended eight
matches and fined $62,000 on Tuesday by the English FA, which found him guilty
of making racists comments toward Manchester United's Patrice Evra.
The FA found Su
Diego Simeone steps down as Racing coach >>
Buenos Aires, Argentina (Sportsbook Betting Lines) - Former Argentina international
Diego Simeone has stepped down as coach of Racing, which finished second in
the recently completed Apertura season.
Simeone, 41, played 106 times for Argentina
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.
MySportsbook.com: New College Football Clock Rules Examined
Coaches and bettors alike are desperate to make sense of the new time-keeping rules on the NCAA gridiron. One of the big stories to come out of the Ohio State-Texas clash last weekend was Texas coach Mack Brown's criticism of the NCAA's new clock rules that are intended to shorten the duration of college football games, therefore affecting college football betting.
"They scored with six minutes left and the game was over before we had a chance to do anything," Brown told ESPN.com. "I really hope whoever made these changes will go back and look them over."
Sure, it might be sour grapes; the Buckeyes thoroughly trounced the defending national champion Longhorns 24-7. However, Brown isn't alone in giving the changes their due thought. Bettors are also wondering about them, albeit for a completely different reason. Most experts agree that the changes will result in games being shortened by anywhere from 10 to 20 plays. The obvious consequence is lower scores, with more time rolling off the clock during changes of possession. (The Ohio State-Texas game flew well under the total of 52.)
According to research at the online sportsbook MySportsbook.com, more than 18 plays a game disappeared last weekend into thin air. That's a 10-percent reduction. In 2005, a typical game had 168.58 plays. For 2007 already, it's down to 150.26.
As a result, teams combined to gain an average of about 100 fewer yards a game last weekend versus the 2005 openers. Scoring was also down by about 4.5 points (attention Las Vegas sports lines).
Of course, oddsmakers were able to adjust to the changes before the season started. Proof of that came as the over went a balanced 8-9 at My Sportsbook on Saturday.
Other angles to consider:A shorter game should theoretically result in shorter lines. Whereas Team A might have been a 14-point favorite in a 168-play game (last year), if there are 10 percent less snaps in 2007, the line should also be reduced by 10 percent (to 13 or 12.5). Of course, this is an over-simplification of the matter, but something to keep in mind.
Less possessions means a better chance the game will be decided by three or seven points. For example, what might have been a 20-10 final score in 2005 may end at
17-10 in 2007. Granted, a 24-17 game last year might end at 21-17 these days, but the former - a three- or seven-point advantage being preserved as opposed to created - is the most likely scenario.
*UPDATE* - Sept. 25, 2007
New Clock Rules Boon for online bookmakers
By adjusting the time-keeping rules to shorten the duration of college football games, the NCAA hoped to make its product more enjoyable for the fans. While the NCAA's success in this regard is still up for debate, bookmakers couldn't be happier with the results.
"We are seeing a massive jump in college football betting," noted the MySportsbook.com management team. "With all the early Saturday games (12 a.m. ET) ending before the second wave begins (3:30 p.m. ET) - something that didn't always happen before the changes - bettors are now able to re-invest their winnings from the morning session in the afternoon games."
While not all bettors will choose to roll over their winnings, it doesn't take much for an impact to be seen on the bottom line. "Not all of the millions of dollars in morning payouts get re-bet. In fact, it's probably only 10 to 20 percent," noted the sportsbook management team. "Still, the increased football betting lines window will create a ton of growth for us over the course of the season."
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