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02/14/2012 - Morgantown, WV (Sportsbook Betting Lines) - West Virginia and the Big East have agreed to settle their lawsuits, enabling the university to leave the conference and join the Big 12 in July.
West Virginia athletic director Oliver Luck would not disclose terms of the settlement, but said in the school's release that no state or taxpayer funds, tuition or academic support money would be used.
The Charleston Daily Mail had reported last week that the Big East will receive about $20 million in exchange for allowing West Virginia to leave prior to the 27-month notification period as required by the conference's bylaws. The paper had indicated that West Virginia would pay $11 million with the Big 12 schools combining to supplement the remainder of the financial transaction.
"This closes a chapter and opens a new one filled with exciting possibilities for WVU's future," Luck said. "I've heard from Mountaineer fans across the country who have made it very clear that they are proud and honored to be heading into the Big 12."
West Virginia announced its decision to defect from the Big East and join the Big 12 in October, making the move about a month after both Syracuse and Pittsburgh announced its departures to the ACC. While Syracuse and Pittsburgh both decided not to challenge the Big East's departure bylaw, West Virginia did.
In filing a lawsuit against the Big East, West Virginia had argued that it wanted to leave immediately because no such 27-month period of notification was needed for TCU, which had agreed to join the Big East for the start of the 2012-13 year and instead decided to join the Big 12.
The Big East countersued in Rhode Island, saying the 27-month rule did not apply to TCU because it had not yet participated in conference play.
While the legal process was playing out, the Big 12 and Big East were unable to finalize football schedules for 2012. The settlement now allows the Big 12 to remain with 10 members, as TCU and West Virginia will replace the outgoing Missouri and Texas A&M -- both departing for the SEC.
"Our membership in the Big 12 offers WVU significant advantages," Luck added. "The Big 12 is a strong and vibrant conference academically and athletically. We look forward to the potential academic and athletic partnerships and financial opportunities that membership in the Big 12 offers."
The Big East will now have just seven schools for football in 2012, unless one of the incoming members announced in its expansion plans can be persuaded to join early.
The new schools slated to join the league -- at different intervals -- are Memphis, Central Florida, SMU and Houston as full members and Boise State, San Diego State and Navy for football only.
<< Sens begin road trip in Tampa
(Sportsbook Betting Lines) - After having little success on a recent five-game
homestand, the Ottawa Senators hope to have more luck when they kick off a
road trip tonight by battling the Tampa Bay Lightning at Tampa Times Forum.
The Senators went 1-2
<< Blues roll into Columbus
(Sportsbook Betting Lines) - The St. Louis Blues will try to extend their winning streak
to a season-high five games when they visit the lowly Columbus Blue Jackets
tonight at Nationwide Arena.
St. Louis is in the midst of its fifth four-game win stre
<< Devils try to bounce back in Buffalo
(Sportsbook Betting Lines) - The New Jersey Devils will try to get back in the win
column this evening when they visit the Buffalo Sabres for a clash at First
Niagara Center.
The Devils had won a season-high five straight heading into a two-game
home
<< Hawks commence trek against Lakers
(Sportsbook Betting Lines) - Atlanta will kick off a five-game road trip tonight at
Staples Center when they take on a Lakers team returning from its annual
Grammy trek.
The Hawks, who will also visit Phoenix, Portland, Chicago and New
Surging Ducks visit Minnesota >>
(Sportsbook Betting Lines) - The Anaheim Ducks continue to dig themselves out of an
early-season hole that has made reaching the playoffs a difficult task.
They'll try to pick up their latest victory over a Minnesota Wild team that
continues to move sout
Blackhawks try to end lengthy slide in Nashville >>
(Sportsbook Betting Lines) - The Chicago Blackhawks didn't look like a team ready to
break out of their longest slump in four years the last time they hit the ice.
Doing so against the Nashville Predators may prove difficult as well.
The Blackhawks ho
Sliding Leafs shoot for rare win in Calgary >>
(Sportsbook Betting Lines) - Given that Toronto hasn't won in Calgary in over nine
years, the club didn't pick the best time to go on a three-game losing streak.
The Maple Leafs hope to avoid posting their longest skid of the season this
evening and s
Nets waive Bogans; sign Andre Emmett >>
East Rutherford, NJ (Sportsbook Betting Lines) - The New Jersey Nets have waived guard
Keith Bogans, just a day after he underwent surgery that will keep him
sidelined for the remainder of the season.
Bogans had a torn deltoid ligament re
MySportsbook.com: New College Football Clock Rules Examined
Coaches and bettors alike are desperate to make sense of the new time-keeping rules on the NCAA gridiron. One of the big stories to come out of the Ohio State-Texas clash last weekend was Texas coach Mack Brown's criticism of the NCAA's new clock rules that are intended to shorten the duration of college football games, therefore affecting college football betting.
"They scored with six minutes left and the game was over before we had a chance to do anything," Brown told ESPN.com. "I really hope whoever made these changes will go back and look them over."
Sure, it might be sour grapes; the Buckeyes thoroughly trounced the defending national champion Longhorns 24-7. However, Brown isn't alone in giving the changes their due thought. Bettors are also wondering about them, albeit for a completely different reason. Most experts agree that the changes will result in games being shortened by anywhere from 10 to 20 plays. The obvious consequence is lower scores, with more time rolling off the clock during changes of possession. (The Ohio State-Texas game flew well under the total of 52.)
According to research at the online sportsbook MySportsbook.com, more than 18 plays a game disappeared last weekend into thin air. That's a 10-percent reduction. In 2005, a typical game had 168.58 plays. For 2007 already, it's down to 150.26.
As a result, teams combined to gain an average of about 100 fewer yards a game last weekend versus the 2005 openers. Scoring was also down by about 4.5 points (attention Las Vegas sports lines).
Of course, oddsmakers were able to adjust to the changes before the season started. Proof of that came as the over went a balanced 8-9 at My Sportsbook on Saturday.
Other angles to consider:A shorter game should theoretically result in shorter lines. Whereas Team A might have been a 14-point favorite in a 168-play game (last year), if there are 10 percent less snaps in 2007, the line should also be reduced by 10 percent (to 13 or 12.5). Of course, this is an over-simplification of the matter, but something to keep in mind.
Less possessions means a better chance the game will be decided by three or seven points. For example, what might have been a 20-10 final score in 2005 may end at
17-10 in 2007. Granted, a 24-17 game last year might end at 21-17 these days, but the former - a three- or seven-point advantage being preserved as opposed to created - is the most likely scenario.
*UPDATE* - Sept. 25, 2007
New Clock Rules Boon for online bookmakers
By adjusting the time-keeping rules to shorten the duration of college football games, the NCAA hoped to make its product more enjoyable for the fans. While the NCAA's success in this regard is still up for debate, bookmakers couldn't be happier with the results.
"We are seeing a massive jump in college football betting," noted the MySportsbook.com management team. "With all the early Saturday games (12 a.m. ET) ending before the second wave begins (3:30 p.m. ET) - something that didn't always happen before the changes - bettors are now able to re-invest their winnings from the morning session in the afternoon games."
While not all bettors will choose to roll over their winnings, it doesn't take much for an impact to be seen on the bottom line. "Not all of the millions of dollars in morning payouts get re-bet. In fact, it's probably only 10 to 20 percent," noted the sportsbook management team. "Still, the increased football betting lines window will create a ton of growth for us over the course of the season."
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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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