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07/08/2010 - New York, NY (Sportsbook Betting Lines) - The 2010 U.S. Open will offer the richest purse in tennis history, at over $22.6 million, with the singles winners pocketing at least $1.7 million apiece.
The overall prize money is up $1 million from last year, when Argentine Juan Martin del Potro and Belgian Kim Clijsters took home the titles, and plenty of cash.
This year's singles champs can make an additional $1 million, or bonus money from the U.S. Open Series, which is a 10-tournament stretch linked to the year's final Grand Slam event.
The U.S. Open will commence August 30 and end September 12.
<< Report: Kleiza signs offer sheet with Toronto
Denver, CO (Sportsbook Betting Lines) - Former Denver Nuggets forward Linas Kleiza has
reportedly agreed to an offer sheet from the Toronto Raptors.
The Denver Post cited Kleiza's agent as saying the Raptors have offered a
four-year deal worth
<< Dulgheru, Szavay land in Budapest quarters
Budapest, Hungary (Sportsbook Betting Lines) - Second-seeded Alexandra Dulgheru of
Romania and reigning champion Agnes Szavay of Hungary were among Thursday's
second-round winners at the $220,000 Budapest Grand Prix.
Dulgheru snuck past str
<< Knicks make it official with Stoudemire
New York, NY (Sportsbook Betting Lines) - The New York Knicks made it official on
Thursday and signed forward Amare Stoudemire to a contract reported to be
worth about $100 million over five years.
Stoudemire agreed to the deal earlier thi
<< Massu will open for host Chile against Czech Republic
Coquimbo, Chile (Sportsbook Betting Lines) - Nicolas Massu will meet Ivo Minar in
Friday's opening singles rubber in the best-of-five Davis Cup quarterfinal tie
between host Chile and the 2009 runner-up Czech Republic.
The Chilean Massu, a 2004
Grizzlies officially bring back Gay >>
Memphis, TN (Sportsbook Betting Lines) - The Memphis Grizzlies signed forward Rudy Gay
to a multi-year contract Thursday, officially ending his flirtation with free
agency.
Terms of the deal were not disclosed, but the Memphis Commercial Appeal bac
Jermaine O'Neal headed to Boston >>
Boston, MA (Sportsbook Betting Lines) - The Boston Celtics have reportedly agreed to
terms with center Jermaine O'Neal.
According to the Boston Globe, O'Neal has agreed to the mid-level exception of
$5.7 million for the 2010-11 campaign.
O'Neal
Samba Boys no more >>
Toronto, Canada (Sportsbook Betting Lines) - It's long been a staple of Brazilian soccer,
a free-flowing offensive attack that had opponents in fear of what was coming
next. Referred to in Brazil as "Jogo Bonito" - beautiful soccer - fans in
Brazil and a
Clarke leads at Loch Lomond >>
Glasgow, Scotland (Sportsbook Betting Lines) - Darren Clarke posted a six-under 65 on
Thursday to take the first-round lead of the Scottish Open at Loch Lomond Golf
Club.
Clarke is riding a hot wave. He captured the unofficial JP McManus Pro-A
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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