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03/15/2010 - Ponte Vedra Beach, FL (Sportsbook Betting Lines) - The PGA Tour announced Monday that the Farmers Insurance Group has signed a four-year deal to remain as the title sponsor for the Farmers Insurance Open at Torrey Pines.
Farmers was the title sponsor for the first time earlier this year when Ben Crane fended off Michael Sim, Brandt Snedeker and Marc Leishman by a single stroke.
"We're absolutely delighted that Farmers, based upon its positive experience with the 2010 tournament, has agreed to continue as title sponsor over the next four years," stated PGA Tour Commissioner Tim Finchem. "Farmers Insurance did such an outstanding job of becoming fully engaged with the tournament on such short notice and in maximizing its role as title sponsor. We now look forward to working with Farmers Insurance on a long-term basis along with the host organization, the Century Club of San Diego, to continue the growth and local impact of the Farmers Insurance Open."
Buick had been the tournament's sponsor since 1992 prior to Farmers taking over this year.
With the new agreement, the tournament purse will climb $500,000 from $5.3 million to $5.8 million in 2011.
"We are extremely pleased to announce this continuing partnership with the PGA Tour, the Century Club and the city of San Diego," stated F. Robert Woudstra, Chief Executive Officer of Farmers Insurance. "Farmers Insurance has a proud, 82-year history of strong national and local community leadership and charitable giving."
<< 49ers sign Carr; trade Hill to Lions
Santa Clara, CA (Sportsbook Betting Lines) - The San Francisco 49ers have signed
quarterback David Carr and have agreed to trade Shaun Hill to the Detroit
Lions.
Hill spent the past four seasons with San Francisco and will head to Detroi
<< Tseng No. 6 after winning in Australia
Philadelphia, PA (Sportsbook Betting Lines) - Yani Tseng won the Women's Australian Open
on Sunday, but held steady in the sixth position in this week's women's world
rankings.
In fact, the top nine remained unchanged from last week as Lorena Ochoa s
<< Arena: Beckham remains an important player for the Galaxy
Carson, CA (Sportsbook Betting Lines) - Los Angeles Galaxy midfielder David Beckham
suffered a devastating Achilles tendon injury while playing in AC Milan's 1-0
win over Chievo on Sunday.
Beckham, who is on loan with the Italian Serie A squad
<< Cardinals sign LB Lenon
Tempe, AZ (Sportsbook Betting Lines) - The Arizona Cardinals signed free agent
linebacker Paris Lenon to a three-year contract on Monday.
Lenon recorded 44 tackles and three forced fumbles in 15 games (10 starts) for
St. Louis last season,
There's plenty of reaction to possible expansion >>
NEW YORK (AP) -When it comes to expanding the NCAA men's basketball tournament, coaches are as divided as fans.The Associated Press talked to about two dozen coaches regarding expansion in recent weeks and they were split between those who like the
UCF's Speraw will not return >>
Orlando, FL (Sportsbook Betting Lines) - University of Central Florida announced on
Monday that men's basketball coach Kirk Speraw will not return next season.
"I want to thank coach Speraw for his tenure at the University of Central
Florida
Bogut, Roy take home NBA weekly honors >>
New York, NY (Sportsbook Betting Lines) - Milwaukee Bucks center Andrew Bogut and
Portland Trail Blazers guard/forward Brandon Roy were named the Eastern and
Western Conference Players of the Week, respectively, for the period ending
March 1
Zenyatta remains atop poll, Rachel drops >>
New York, NY (Sportsbook Betting Lines) - Two-time champion mare Zenyatta extended her
advantage in the latest NTRA Thoroughbred Poll for March 15. The six-year-old
won Saturday's Santa Margarita Handicap at Santa Anita to remain in first-
place.
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 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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