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07/31/2010 - Chicago, IL (Sportsbook Betting Lines) - The Chicago Cubs have traded pitcher Ted Lilly and infielder Ryan Theriot to the Los Angeles Dodgers in exchange for infielder Blake DeWitt and a pair of minor league pitching prospects.
Chicago also sent cash considerations to the Dodgers and picked up right- handers Kyle Smit and Brett Wallach from LA.
Lilly had been rumored to be on the trading block all week leading up to Saturday's deadline. He is just 3-8 with a 3.69 earned run average in 18 starts this season, but has been a double-digit winner in each of the last seven years.
The 34-year-old lefty was 47-34 with a 3.70 ERA in four seasons with the Cubs and has also pitched for Toronto, Oakland, the New York Yankees and Montreal. He owns a career record of 106-92 with a 4.21 ERA in 298 games, all but 25 of which have been starts.
"We've been looking to improve our rotation and with Ted, we feel like we've got a very good group of starting pitchers for the stretch run," said Dodgers general manager Ned Colletti. "Ryan is versatile and can help us in the middle of the diamond as a nice complement to our existing infielders."
Theriot had spent his entire six-year career with the Cubs and this year was batting .284 with one homer and 21 runs batted in through 96 games. The 30- year-old Louisiana native is a career .287 hitter with 15 homers and 174 RBI in 609 games.
DeWitt was in his third season with the Dodgers. In 82 games this season, he was batting .270 with a homer and 30 runs batted in. After hitting .264 in 117 games as a rookie in 2008, he struggled and spent most of 2009 in the minors. In 31 games with the Dodgers last year, the 24-year-old batted a mere .204.
"Of all the times I've had to tell a player he was traded, this was one of the toughest telling Blake DeWitt," Colletti added. "His professionalism, his passion and who he is made doing this one of the toughest moves I've made."
Smit has split this season at Single-A and Double-A. The 22-year-old is 5-3 with six saves and a 2.35 ERA in a combined 37 appearances.
Wallach, the 21-year-old son of former major leaguer Tim Wallach, was 6-0 with a 3.72 ERA in 17 starts for Single-A Great Lakes this season.
<< Sharks re-sign Setoguchi
San Jose, CA (Sportsbook Betting Lines) - The San Jose Sharks have re-signed restricted
free agent forward Devin Setoguchi to a one-year contract. Financial terms of
the contract were not disclosed.
Setoguchi, 23, posted 20 goals and 16 assists i
<< Cardinals get Westbrook from Tribe, send Ludwick to San Diego
St. Louis, MO (Sportsbook Betting Lines) - The St. Louis Cardinals have acquired pitcher
Jake Westbrook from the Cleveland Indians in a three-team trade that also
involves the San Diego Padres.
Along with Westbrook, St. Louis acquired cash fr
<< Yankees and Astros finalize deal for Berkman
St. Petersburg, FL (Sportsbook Betting Lines) - The New York Yankees and Houston Astros
have finalized a trade for first baseman Lance Berkman.
Berkman and cash considerations will head to the Yankees in exchange for
pitcher Mark Melancon and minor le
<< Diamondbacks and Pirates make trade
Phoenix, AZ (Sportsbook Betting Lines) - The Arizona Diamondbacks have acquired
outfielder Ryan Church, infielder Bobby Crosby and pitcher D.J. Carrasco from
the Pittsburgh Pirates in exchange for catcher Chris Snyder, infielder Pedro
Ciriaco
Prado has fractured pinky >>
Cincinnati, OH (Sportsbook Betting Lines) - Atlanta Braves second baseman Martin Prado
has a broken right pinky finger and could miss only a week.
Prado was hurt during Friday's win against Cincinnati while sliding head-first
into home plate on Jaso
Veteran WR Patten announces retirement >>
Foxboro, MA (Sportsbook Betting Lines) - David Patten will not play a 13th NFL season in
2010, instead announcing his retirement as a member of the New England
Patriots on Saturday.
Patten played for the Patriots from 2001-04, during which tim
New York waives forward Wolyniec >>
Secaucus, NJ (Sportsbook Betting Lines) - Red Bull New York waived forward John Wolyniec
on Friday night.
Wolyniec played in four regular season matches, including two starts, for New
York this season. He also recorded four goals in four Lamar Hunt U
Starace, Ferrero reach Umag final >>
Umag, Croatia (Sportsbook Betting Lines) - Fourth-seeded Juan Carlos Ferrero and Italian
Potito Starace will contest the final at the clay-court Croatia Open after
winning their respective semifinal matches Saturday.
Ferrero, a former world No.
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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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