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12/27/2006 - Lexington, KY (Sportsbook Betting Lines) - The National Thoroughbred Racing Association (NTRA) has announced that former Churchill Downs president Alex Waldrop has been appointed president and CEO of the organization. In addition, Robert Elliston, president of Turfway Park, has been installed as executive chairman of the NTRA.
The appointments of Waldrop and Ellison came during a special board meeting on Wednesday morning. Waldrop succeeds interim CEO Greg Avioli, who will continue as the Breeders' Cup Limited CEO.
The 50-year-old Waldrop will take the reins of the NTRA on January 15. He is a partner in the law firm of Wyatt, Tarrant and Combs of Kentucky.
"I am honored that the NTRA Board of Directors has selected me to lead the organization and I am eager to join the management team to build on its many accomplishments," Waldrop said. "With Thoroughbred racing confronting many challenges, the NTRAs leadership role has never been more important."
Robert Ellison became president and CEO of Turfway Park in Florence, KY in June, 1999. He becomes the first executive chairman of the NTRA, where he has served on the board for the last two years.
"I look forward to supporting Alex and the management team as they implement the organizations strategic priorities," said Elliston. "The 15-member board is very engaged and very enthusiastic about the NTRAs future."
<< Young, Merriman and Brown earn AFC weekly honors
New York, NY (Sportsbook Betting Lines) - Tennessee Titans quarterback Vince Young, San
Diego Chargers linebacker Shawne Merriman and Houston kicker Kris Brown have
been honored as the AFC's top players for Week 16 of the NFL season.
Young kept hi
<< Thrashers place Mellanby, Rucchin on IR; activate Exelby
Atlanta, GA (Sportsbook Betting Lines) - Atlanta has placed forwards Scott Mellanby and
Steve Rucchin on injured reserve, and activated defenseman Garnet Exelby, team
executive vice president and general manager Don Waddell announced on
Wednesd
<< Hurricanes and Wolf Pack meet for first time
Boise, ID (Sportsbook Betting Lines) - Winners of their last two bowl appearances, the
Nevada Wolf Pack try to bring an end to a torturous 2006 campaign for the
Miami Hurricanes in the 10th Annual MPC Computers Bowl from Bronco Stadium
in B
<< Bulldogs face Hokies in Atlanta
Atlanta, GA (Sportsbook Betting Lines) - A couple of schools that have not met in over 70
years hook up in the 2006 Chick-fil-A Bowl, as the Georgia Bulldogs tangle with
the 14th-ranked Virginia Tech Hokies from the Georgia Dome.
The Bulldogs' reg
Fernandez tagged as head coach of struggling Real Betis >>
Madrid, Spain (Sportsbook Betting Lines) - Spanish La Liga club Real Betis announced
Wednesday that it will appoint Luis Fernandez as head coach.
According to the club's website, the 47-year-old former France international
will be announced to
QB squeeze: Lemon to start for Dolphins >>
Miami, FL (Sportsbook Betting Lines) - The Miami Dolphins will reportedly start Cleo
Lemon at quarterback for Sunday's season-finale against Indianapolis.
The South Florida Sun-Sentinel cited a source as saying Lemon will get the nod
ahead of Joey
White Sox, Cintron agree to one-year contract >>
Chicago, IL (Sportsbook Betting Lines) - The Chicago White Sox have agreed to terms with
infielder Alex Cintron on a one-year contract worth $1.9 million, thus
avoiding arbitration.
Cintron, 28, batted .285 with five home runs and 41 RBI
Celtic's Balde out with broken leg >>
Glascow, Scotland (Sportsbook Betting Lines) - Scottish Premier League leaders Celtic
suffered a blow after Tuesday's 2-2 draw with Dundee United.
Starting defender Bobo Balde suffered a broken leg and will be out for several
months.
"Celtic Fo
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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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