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02/10/2012 - Manchester, England (Sportsbook Betting Lines) - Manchester United manager Sir Alex Ferguson has revealed that midfielder Ryan Giggs will return to the club for another season after signing a one-year contract extension.
The 38-year-old Giggs made his debut for United in 1991 and is the only player to have scored at least one goal in every season in the Premier League era.
"Ryan is a marvelous player," Ferguson said. "In many ways, he epitomizes all my teams here at United; he has constantly reinvented himself, adapted to the changing nature of the game and retained that desire and hunger for success."
The former Wales international will be entering his 23rd season at Old Trafford next year, but he remains hungry for more trophies.
"When I signed my first contract, I never thought I'd be able to play at United for 22 years, but I feel good and I know I can still contribute to keeping the team pushing for honors," said Giggs.
"Winning the club's 19th title was a great feeling but this club is all about what we do next and I'm really pleased I can be part of that."
<< Mavs visit Love, Timberwolves
(Sportsbook Betting Lines) - The Minnesota Timberwolves will have Kevin Love back in the
lineup tonight versus the Dallas Mavericks at Target Center after serving a
two-game suspension for stomping on Houston's Luis Scola during the third
quarter of Satu
<< Pacers battle Grizzlies on Beale Street
(Sportsbook Betting Lines) - The much-improved Indiana Pacers hope to salvage the back-
end of a brief two-game road trip tonight when they square off with the
Memphis Grizzlies on Beale Street.
Indiana is coming off a 97-98 loss in Atlant
<< Red Wings shoot for 19th straight home win vs. Ducks
(Sportsbook Betting Lines) - Forgive the Red Wings if they are looking past the Ducks
and towards this weekend when they could have a chance at matching the longest
home winning streak in NHL history.
After all, wins over Anaheim at Joe Louis Arena ar
<< Nets and Pistons finish home-and-home set
(Sportsbook Betting Lines) - Second-year center Greg Monroe is starting to heat up for a
Detroit Pistons team riding a season-high three-game winning streak and is
aiming for his fourth straight double-double tonight versus the New Jersey
Nets in the bac
Avs aim to close homestand with win over 'Canes >>
(Sportsbook Betting Lines) - The Colorado Avalanche recently put their longest skid of
the season behind them and will try to close out a four-game homestand with
another victory when they face the Carolina Hurricanes tonight at Pepsi
Center.
The Ava
New York signs midfielder Palsson >>
Harrison, NJ (Sportsbook Betting Lines) - Red Bull New York signed Icelandic midfielder
Victor Palsson on Friday.
Palsson, 20, spent the last year at Scottish Premier League side Hibernian and
appeared in 34 games in all competitions. The defensive
Blackhawks hope to halt fall in San Jose >>
(Sportsbook Betting Lines) - The free-falling Chicago Blackhawks will try to end their
longest losing streak in over four years when they continue a lengthy road
trip with tonight's battle against the San Jose Sharks at HP Pavilion.
The Blackhawks are
Stars aim for rare win in Buffalo >>
(Sportsbook Betting Lines) - The Dallas Stars have yet to win the back end when playing
games on consecutive nights. That won't make ending their lengthy losing
streak in Buffalo any easier.
The Stars try to pick up their first road win against the Sa
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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