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05/26/2010 - Baltimore, MD (Sportsbook Betting Lines) - The recently concluded spring race meet at Pimlico Race Course showed a noticeable drop in wagering from 2009. The Maryland Jockey Club announced that average wagering figures were down nearly nine percent during the meet that ended Saturday, May 22.
"We expected the numbers to be down based on the Preakness figures, which dictate whether the numbers will be up or down for the meet," said Tom Chuckas, Maryland Jockey Club president and chief operating officer. "The build up to this year's Preakness did not match 2009 when Rachel Alexandra- mania took over the industry. But we were still able to generate the sixth largest handle ever in the 135-year history of the event."
The average daily handle dropped 8.7 percent from $6.854 million to $6.257 million. However, attendance rose almost 10 percent at Pimlico with the Preakness attracting 95,760 compared to last year's crowd of 77,850.
"We are proud of this year's infield experience and our partnership with Susan G. Komen for the Cure on Black-Eyed Susan Day which made for an outstanding weekend," added Chuckas. "Our staff is meeting Friday afternoon to begin planning for the 2011 Preakness. We will look for ways to build on the momentum that began here a week and a half ago."
This year's 135th Preakness Stakes had wagering of more than $52.76 million with the entire race card on May 15 totaling better than $79.million, sixth among Preakness Day handles.
In 2009 the respective numbers were $59.7 million and $86.6 million.
<< Orioles shoot for series win over A's
(Sportsbook Betting Lines) - Manager David Trembley saw his Orioles put together one of
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club that they have struggled against over the last few seasons.
Baltimore will t
<< Giants ace Lincecum puts focus on visiting Nats
(Sportsbook Betting Lines) - Though often a victim of a shaky bullpen this year, Giants
ace Tim Lincecum knows the result of his last start is mainly on him. An
extra-focused Lincecum is probably the last thing the Nationals want to see
tonight
<< White Sox close out set with Tribe at Progressive Field
(Sportsbook Betting Lines) - A well-timed matchup against a National League opponent
helped get Chicago's Mark Buehrle on track. Now he'll try to lock down his
first road victory of the year and give the White Sox their first series win
over t
<< Boston goes for sweep of Rays behind Lackey
(Sportsbook Betting Lines) - Starting pitching was supposed to be one of the Red Sox's
strengths in 2010. That has been the case over their current four-game winning
streak, but things could go sour quick if John Lackey can't find his form.
The stru
Brodeur signs 1-year deal with Senators >>
OTTAWA (AP) -Backup goaltender Mike Brodeur has signed a one-year contract with the Ottawa Senators, after spending most of last season with their AHL affiliate in Binghamton.The 27-year-old Brodeur was recalled to Ottawa twice last season, going 3-
Buehrle, Guillen ejected for arguing balks >>
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Wallace on fast track to replace Santonio Holmes >>
PITTSBURGH (AP) -Mike Wallace is on the fast track to replacing Santonio Holmes as the Steelers' primary deep passing threat. Byron Leftwich needed only one practice to realize that.During a 7-on-7 passing drill recently in a voluntary practice, Wal
Super Bowl may get name for Giants-Jets stadium >>
EAST RUTHERFORD, N.J. (AP) -Being chosen to host the Super Bowl in 2014 may help the Giants and Jets finally get a new name for their $1.6 billion stadium.Speaking at a news conference Wednesday, the owners of the teams say the selection of the stad
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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