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07/26/2010 -
TORONTO (AP) -The National Hockey League Players' Association has filed a grievance over the league's rejection of the contract between Ilya Kovalchuk and the New Jersey Devils.
The league rejected the landmark 17-year, $102 million contract last week, saying the longest deal in league history violated its salary cap.
The union disputed that belief in its grievance Monday. It said that under the collective bargaining agreement, the union and Kovalchuk are entitled to an expedited resolution.
The players association said it would have no further comment until the matter has been resolved by an arbitrator.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
<< Two giants might actually meet
Philadelphia, PA (Sportsbook Betting Lines) - A few weeks ago, at the post position draw
for the Delaware Handicap, the discussion around the table was about the hoped-
for meeting between Rachel Alexandra and Zenyatta.
Since neither champion was ente
<< Canucks sign LW Raymond to two-year deal
Vancouver, BC (Sportsbook Betting Lines) - The Vancouver Canucks on Monday avoided
arbitration with Mason Raymond, signing the left winger to a two-year
contract.
Raymond, 24, enjoyed a breakout season in 2009-10, setting personal bes
<< Blackpool striker Clarke might miss entire season
Blackpool, England (Sportsbook Betting Lines) - Blackpool striker Billy Clarke looks set
to miss the entire season following knee ligament surgery.
Clarke, 22, injured his knee during the Seasiders' opening preseason friendly
against Tiverton Town ea
<< Browns sign second-round pick Hardesty
Berea, OH (Sportsbook Betting Lines) - The Cleveland Browns have signed rookie running
back Montario Hardesty to a multi-year contract.
The Browns selected the Tennessee product in the second round (59th overall)
of the 2010 draft and expect him t
Gasquet rolls; Robredo exits Gstaad >>
Gstaad, Switzerland (Sportsbook Betting Lines) - Former top-10 Frenchman Richard Gasquet
reached the second round, while fifth-seeded Spaniard Tommy Robredo came up a
first-round loser Monday at the Swiss Open.
The seventh-seeded Gasquet grounded U
Inter Milan brass taking massive gamble with Balotelli sale >>
Toronto, Canada (Sportsbook Betting Lines) - With reports surfacing that Inter Milan are
prepared to transfer Mario Balotelli to Manchester City for a fee in the range
of 30 million Euros, the young star's tumultuous time with the club seems to be
at an
Lightning name Tod Leiweke CEO >>
Tampa, FL (Sportsbook Betting Lines) - Tampa Bay Lightning chairman and governor Jeff
Vinik announced Monday that Tod Leiweke has been named the team's chief
executive officer.
Officially, Leiweke becomes the CEO of Tampa Bay Sports and Ent
NHLPA files grievance on behalf of Kovalchuk >>
Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk's free agency saga took another
turn on Monday when the NHL Players' Association filed a grievance on behalf
of the Russian superstar who had his 17-year, $102 million contract with New
Jersey
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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