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07/18/2010 - Philadelphia, PA (Sportsbook Betting Lines) - What? What? What?
That's my general response when my dear wakes me up in the middle of the night. Be it a noise or my diesel-locomotive snoring, that's my canned response to her.
It's roughly what we all felt Sunday afternoon.
Louis Oosthuizen won the British Open Championship at St. Andrews. The oldest, most prestigious major title, won at the very home of golf, went to a largely unknown man from South Africa.
Sadly, this might have been the biggest yawner of a major championship in my generation, but I've been poked, not by my dear, but by the game of golf. I'm finally awake.
Paul Azinger said it best on ESPN's broadcast: "I hope the viewer wasn't bored with the blowout."
Sorry, Zinger, but we were.
Let's clear some things up first about the boredom.
Oosthuizen's performance was nothing short of brilliant. I just referred to this as the most boring major championship ever, but that was partly due to the amazing display by Oosthuizen.
He owned St. Andrews on the weekend. By Friday afternoon, no one expected Oosthuizen to come out on top. Lee Westwood was there. So was Paul Casey. Mark Calcavecchia might have scared you 15 years ago, but even at 50, he's a streaky guy who could've piled up six birdies on the front nine in round three.
Oosthuizen hung tough. In fact, he did better than that, he attacked. At St. Andrews, attacking is playing to your strength in relation to the course. He drove it spectacularly. His irons were crisp. His putting was generally genius. Oosthuizen flat-out awed us all, including Tom Watson, who applauded as Oosthuizen walked up 18 on Sunday. It seemed like Watson might cry at what he saw.
Oosthuizen was just that good and this is a guy to root for.
He wasn't a country club kid who was destined by the gods or genes to be a major champion. Oosthuizen is the son of farmers from South Africa. He was in Ernie Els' academy for a few years honing his craft.
No, Louie didn't have to ward off Tiger or Phil or Ernie. Casey got close, but Oosthuizen swatted him away like an annoying gnat nipping at your ankle.
And that's when boredom set in.
Where was Tiger? I get that his game is as far down as his personal life, but didn't he dominate St. Andrews twice for a claret jug? He couldn't get his putter working, but Louis Oosthuizen could?
Where was Phil? Does he want to be No. 1 in the world because I'm having serious doubts. Lefty won't ever win a British, but St. Andrews and this week was probably his best chance and all he could muster was a tie for 48th?
Where was Ernie? Didn't he win twice this year?
Westwood? Top threes in four majors in the last three years, but no charge all week?
Rory McIlroy? A 63 then an 80, but at least this 21-year-old kid fought hard to get back into the top five.
Where was the challenge? I get that St. Andrews played difficultly, but Oosthuizen handled it like it was a local muni. He's a top 60 player, however the field and the championship let us down.
Oosthuizen's margin of victory was the biggest since Tiger at the Old Course in 2000. That leads to a very uninteresting tournament and it didn't let down.
Dominating performances draw interest, but not when it's a man very few have heard of. If Tiger or Phil had done this on Sunday, it would've been compelling. What we got wasn't.
Nothing against Oosthuizen, but this will forever be known as the biggest snoozer of a major. Kudos to him for making it that way, but wake me up for the PGA.
What? What? What?
Must have been a noise. Or my snoring.
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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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