EverBank buying naming rights to Jaguars' stadium
Football Betting Lines
07/27/2010 - Jacksonville, FL (Sportsbook Betting Lines) - Jacksonville Municipal Stadium is expected to get a new designation as EverBank is reportedly entering into a five-year agreement for exclusive naming rights.
The Florida Times-Union reports the Jaguars and EverBank will announce a deal Tuesday afternoon. Under terms of the pact, the team will receive 75 percent of the stadium naming rights revenues and the city 25 percent, although the Jacksonville city council still has to approve of the deal.
The Jaguars last had a naming rights partner in 2007 when Alltel completed a 10-year agreement.
Anaheim, CA (Sportsbook Betting Lines) - Dan Haren left his Angels debut in the fifth inning after taking a line drive off his pitching arm by Boston's Kevin Youkilis. Haren, acquired by Los Angeles on Sunday in a trade with the Diamondbacks, got two
<< Mauer, Valencia highlight Twins' demolition of Royals
Kansas City, MO (Sportsbook Betting Lines) - Joe Mauer went 5-for-5 with a career-high
seven RBI and Danny Valencia hit a grand slam for his first career home run,
as the Twins pounded Kansas City, 19-1, in the opener of a three-game series.
Valen
<< Theriot's homer helps Cubs get by Astros
Houston, TX (Sportsbook Betting Lines) - Ryan Theriot hit his first home run of the
season and Carlos Silva worked five innings to push Chicago past Houston, 5-2,
in the opener of a three-game set.
Theriot finished with a pair of hits and Alfonso
<< In a pinch: Edmonds' HR in eighth lifts Brewers
Milwaukee, WI (Sportsbook Betting Lines) - Pinch-hitter Jim Edmonds belted the tie-
breaking home run off Bronson Arroyo with two outs in the eighth inning, as
Milwaukee edged Cincinnati, 3-2, at Miller Park.
The Brewers, winners of five in
<< Raiders sign second-round pick Houston
Oakland, CA (Sportsbook Betting Lines) - The Oakland Raiders have signed defensive
lineman Lamarr Houston, their second-round draft choice.
The 6-foot-3, 305-pound Houston was the 44th overall selection in the 2010 NFL
Draft out of Texas.
Hou
Los Angeles, CA (Sportsbook Betting Lines) - Ernests Gulbis and Janko Tipsarevic were a pair of seeded winners Monday in first-round play at the $700,000 Farmers Classic tennis event. The fifth-seeded Latvian Gulbis notched a 7-5, 7-5 win ove
Marlins' left fielder Coghlan headed for DL >>
SAN FRANCISCO (AP) -Florida Marlins left fielder Chris Coghlan is headed for the disabled list with a torn meniscus in his left knee and he could need surgery.Coghlan's injury was revealed in an MRI Monday. He was hurt while delivering a pie in the
Haren injured in debut with Angels; Big Papi powers Red Sox >>
Anaheim, CA (Sportsbook Betting Lines) - David Ortiz homered twice and knocked in three
runs, powering the Boston Red Sox past the Los Angeles Angels of Anaheim, 6-3,
in Dan Haren's injury-shortened debut with his new team.
Haren (0-1), acquired by L
Marlins hang on to beat Giants >>
San Francisco, CA (Sportsbook Betting Lines) - Dan Uggla and Mike Stanton homered to
back the strong pitching of Ricky Nolasco, as Florida held on for a 4-3 win
over the San Francisco Giants to open a four-game set.
Nolasco (11-7) allowed fou
Marlins put Coghlan on DL >>
San Francisco, CA (Sportsbook Betting Lines) - Florida Marlins left fielder Chris
Coghlan went on the 15-day disabled list Monday night due to a torn meniscus
in his right knee.
Coghlan, the reigning National League Rookie of the Year, is hit
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What Is the Point Spread?
What are Sports Betting Point Spreads?
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.
How to Read Point Spreads
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:
- Philly wins the actual game by any amount of points
OR
- Philly loses the game by less than 7 points.
-
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.
For Those Who Like to Consider Things Mathematically
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
- Subtracting the point spread from the favorite’s score (thus the minus sign before the number) and then compare to the underdog’s score
OR
- Adding the point spread to the underdog’s score (thus the plus sign before the number) and then compare to the favorite’s score
Who Really “Won” the Super Bowl odds ?
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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