Manning and Irsay say no hard feelings
Football Betting Lines
01/27/2012 - Indianapolis, IN (Sportsbook Betting Lines) - Indianapolis Colts quarterback Peyton Manning and team owner Jim Irsay issued a joint statement Friday to dispel any notion that the two are at odds.
Manning and Irsay both made comments through the media in recent days following the upheaval in the club's front office and coaching staff, but Friday's missive was issued in an attempt to quell rumors of a disruptive spat between the two.
"Since 1998, we have enjoyed a great relationship, based upon mutual respect and trust," the statement read. "We have always been able to talk and address matters we've faced over the years, not just as owner and player, but as friends. We had a long talk today and we want to assure Colts fans everywhere that we are both committed to maintaining our close relationship and to working together through any challenges the future may bring."
Bill Polian, who shaped the Colts football operations and drafted Manning upon arriving in Indianapolis in 1998, was the first to go after the team suffered through a 2-14 season without the injured four-time MVP. Head coach Jim Caldwell soon followed after Ryan Grigson was named the club's new general manager.
There has been speculation that Manning, healthy or not, may be the next one out the door. Manning sat out the entire 2011 campaign following neck surgery and it's not completely known if he will be fully healed to play in 2012.
The Colts have the first pick in April's draft, and with Stanford quarterback Andrew Luck considered a can't miss prospect, the team may be willing to shed Manning's high price and start over.
A March 8 deadline looms for the Colts, who must decide whether to keep Manning and pay him a $28 million roster bonus for 2012 or allow him to leave as a free agent.
Manning made comments to the Indianapolis Star on Monday, saying the situation surrounding the Colts is "not a real good environment down there right now, to say the least. Everybody's walking around on eggshells. I don't recognize our building right now. There's such complete and total change."
He added that tough decisions will have to be made by ownership and he understands that it's business, but also stated that he wanted to "play the same place my whole career."
Irsay responded and said Manning should not have gone public with his statements and should have instead kept things in house.
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What Is the Point Spread?
What are Sports Betting Point Spreads?
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.
How to Read Point Spreads
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:
- Philly wins the actual game by any amount of points
OR
- Philly loses the game by less than 7 points.
-
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.
For Those Who Like to Consider Things Mathematically
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
- Subtracting the point spread from the favorite’s score (thus the minus sign before the number) and then compare to the underdog’s score
OR
- Adding the point spread to the underdog’s score (thus the plus sign before the number) and then compare to the favorite’s score
Who Really “Won” the Super Bowl odds ?
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.