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05/27/2010 - Elmont, NY (Sportsbook Betting Lines) - The NYRA stakes series, known as the Triple Tiara, for three-year-old fillies has gained the sponsorship of Betfair TVG. The series is comprised of the Acorn Stakes, Coaching Club American Oaks, and Alabama Stakes.
"We're thrilled to announce this partnership with Betfair TVG," said NYRA President and CEO Charles Hayward. "It is a cutting edge, innovative company that has enjoyed tremendous success on both the national and international stage. The Betfair TVG Triple Tiara will add a lot of excitement to what should be a sensational spring and summer of racing in New York."
The one-mile Acorn Stakes will be held on Belmont Stakes Day, June 5. The second jewel will be the 1 1/8-mile Coaching Club American Oaks on Saturday, July 24 at Saratoga Race Course. Previously run at Belmont Park, the Oaks will have its 93rd running this year.
The Triple Tiara will conclude with the 1 1/4-mile Alabama Stakes at Saratoga on Saturday, August 21. If a filly is able to win all three stakes, Betfair TVG will present her owners with a $50,000 bonus to go the charity of their choice.
"It's fitting that our first major sponsorship in New York should be for fillies races," said TVG CEO Stephen Burn. "Ten years ago Betfair's first ever betting market was on the Oaks at Epsom, when we had only 36 customers. A decade on and now with three million customers, it is thrilling to realize an ambition by being able to support races for fillies in the United States."
If a filly does not sweep the series, Betfair TVG will donate $30,000 to the chosen charity of the owners of the filly that accumulates the most points over the three races. Points will be based on a 10-5-3 system for horses finishing first, second, or third. All starters, including the first three finishers, will get an additional point. The tiebreaker will be wins, and if there is still a tie, the bonus will be evenly shared among the fillies with the most points.
At the conclusion of the three races, Betfair TVG will also donate $10,000 to The Breast Cancer Research Foundation on behalf of NYRA.
There have been just five fillies who have been able to sweep the three races, Sky Beauty (1990), Open Mind (1989), Mom's Command (1985), Shuvee (1969), and Top Flight (1932).
<< Jankovic, Dementieva advance at soggy French Open
Paris, France (Sportsbook Betting Lines) - On a Thursday dominated by rain, former
top-ranked star Jelena Jankovic and former runner-up Elena Dementieva managed
to sneak in second-round victories at the French Open.
The fourth-seeded Jankovic was te
<< Di Carlo takes over at Sampdoria
Genoa, Italy (Sportsbook Betting Lines) - Domenico Di Carlo has been confirmed as the
new coach of Sampdoria.
Luigi Del Neri's departure to take the Juventus job last week left the Genoa
club on the lookout for a new coach.
Di Carlo left Chi
<< Howard, Tillman elected to college Hall of Fame
NEW YORK (AP) -Desmond Howard scored two of the most memorable touchdowns in the storied history of Michigan football and struck the pose that Heisman contenders have been mimicking since.Barry Alvarez resurrected a Wisconsin program that looked hop
<< Broncos' Stokley sidelined by shoulder injury
ENGLEWOOD, Colo. (AP) -Wide receiver Brandon Stokley was held out of Thursday's passing camp practice by the Denver Broncos, the latest workout he's missed because of a shoulder injury.Coach Josh McDaniels says Stokley has missed several of the team
Tillman, Howard headline 2010 College Football Hall of Fame class >>
New York, NY (Sportsbook Betting Lines) - Pat Tillman and Heisman Trophy winner Desmond
Howard highlight the 2010 class for induction into the College Football Hall
of Fame.
A total of 12 players and two coaches from the Football Bowl Subdivi
Weeks' walk gives Milwaukee win in 10th >>
Milwaukee, WI (Sportsbook Betting Lines) - Rickie Weeks drew a game-winning walk with
the bases loaded and two outs in the 10th, helping the Milwaukee Brewers rally
for a 4-3 win over the Houston Astros in the rubber match of a three-game
series
Cubs win pitchers' duel to take series with Dodgers >>
Chicago, IL (Sportsbook Betting Lines) - Tyler Colvin's run-scoring double in the bottom
of the eighth inning proved to be the only offense, as the Chicago Cubs edged
the Los Angeles Dodgers, 1-0, in the rubber match of a three-game series at
Wrigley
Dave in Dixie headed to Belmont Stakes >>
Elmont, NY (Sportsbook Betting Lines) - California based colt Dave in Dixie will start
in this year's 142nd edition of the $1 million Belmont Stakes on June 5. The
addition of Ike and Dawn Thrash's three-year-old means that 11 will likely
start i
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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