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03/17/2010 - New York, NY (Sportsbook Betting Lines) - The NBA Board of Governors made it official on Wednesday by unanimously approving Michael Jordan's acquisition of a controlling interest of the Charlotte Bobcats.
Jordan and MJ Basketball Holdings, LLC reached an agreement to purchase the majority of the team from Bobcats owner Bob Johnson in late February, but was awaiting official approval by the league.
"We are pleased that Michael Jordan's purchase of majority ownership of the Bobcats was approved by the NBA's Board of Governors and closed in such a smooth and expeditious fashion," said NBA commissioner David Stern. "We look forward to the continued growth of the Bobcats, on and off the court, under his leadership."
Johnson, the founder of Black Entertainment Television, became the first black American to be the principal owner of a North American major-league sports franchise when Charlotte began play in 2004.
Jordan joined the Bobcats ownership group in June 2006 and served as the team's managing member of basketball operations, the same position he held with the Washington Wizards earlier in the decade.
As a five-time league MVP, six-time champion and two-time gold medal winner, Jordan has few rivals in regards to his game on the court.
The North Carolina native's stints in the front office, however, have come under some scrutiny.
First was the tumultuous 2003 split with the Wizards after 3 1/2 unsuccessful years with the organization as president of basketball operations, a position he held while he was finishing up his playing days.
Now in Charlotte, Jordan has rarely been seen at team practices or games despite calling the shots on all personnel transactions.
His most notable move thus far was luring fellow Hall-of-Famer, and North Carolina alum, Larry Brown to coach the team at the start of the 2008-09 season.
The Bobcats have never made the playoffs, but, entering Wednesday, sit in the sixth position in the Eastern Conference race with a 34-32 record this season.
<< Diamondbacks sign P Benson to minor league deal
Tucson, AZ (Sportsbook Betting Lines) - The Arizona Diamondbacks have signed veteran
pitcher Kris Benson to a minor league contract, the team announced Wednesday.
The 35-year-old appeared in eight games (two starts) in 2009 with the Texas
Range
<< Report: Seton Hall fires hoops coach Gonzalez
Newark, NJ (Sportsbook Betting Lines) - Seton Hall has reportedly fired head men's
basketball coach Bobby Gonzalez.
The Star-Ledger reported that on Wednesday, the school forced out Gonzalez,
who was in his fourth season with the team. The
<< Kiessling commits future to Leverkusen
Leverkusen, Germany (Sportsbook Betting Lines) - Bayer Leverkusen have secured the
future of Germany international Stefan Kiessling until the summer of 2015 with
a new contract.
Kiessling has been rewarded with a new long-term deal on the back
<< Penn out as Portland's VP of basketball operations
PORTLAND, Ore. (AP) -The Portland Trail Blazers have dismissed Tom Penn as vice president of basketball operations.The team issued a statement that said Penn was dismissed Tuesday for ``philosophical differences.'' No details were offered.Penn, who
NASCAR's March Madness begins with Bristol >>
Bristol, TN (Sportsbook Betting Lines) - Series: NASCAR Sprint Cup. Date: Sunday, March
21. Race: Food City 500. Site: Bristol Motor Speedway. Track: .533-mile oval.
Start time: 1:00 p.m. (et). Laps: 500. Miles: 266.5. 2009 winner: Kyle Busch.
Television
Harvick looking for another win at Bristol >>
Bristol, TN (Sportsbook Betting Lines) - Series: NASCAR Nationwide. Date: Saturday,
March 20. Race: Scotts Turf Builder 300. Site: Bristol Motor Speedway. Track:
.533-mile oval. Start time: 2:30 p.m. (et). Laps: 300. Miles: 159.9. 2009
winner: Kevin Harv
Eagles cut ties with OL Andrews >>
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Eagles released
offensive lineman Shawn Andrews on Wednesday.
"We appreciate the efforts and contributions of Shawn while he was in
Philadelphia," said head coach Andy
Report: Rangers manager Washington tested positive for cocaine >>
Surprise, AZ (Sportsbook Betting Lines) - Texas Rangers manager Ron Washington
reportedly tested positive for cocaine during the 2009 season.
According to a report from SI.com, Washington failed the test last July, but
has passed all his t
Albert Pujols to be This Year's Home Run Champ Says Online Sportsbook
Barry Bonds is a 50-1 long shot to be this year's home run champ odds. The favorite to be this year's home run champ is none other than Albert Pujols, however.
Now that Barry Bonds is signed and in Giants camp, it is on to his pursuit of all of sports most prestigious records: the all-time home run mark. Bonds sits just 21 homers shy of tying Hank Aaron for the career mark at 755. Word out of Giants’ camp is that Bonds is the healthiest he has been in a few years. Bonds is just two seasons removed from his injury riddled 2005 campaign where he played in only 14 games and hit only 5 home runs. He did come back last year and had a solid season hitting .270 with 26 bombs. All eyes will be on Bonds this spring and summer not only because of his home run chase but his highly publicized steroid abuse allegations. If and when Bonds breaks the record, he surely will not get the positive attention one should for breaking a record that was once thought of as “unbreakable”. Despite Bonds decent season last year, he is just 50-1 at MySportsbook.com to lead the MLB in long balls this season.
Not surprisingly, the favorites to go deep the most times this season are Albert Pujols 5-1, Ryan Howard 6-1, David Ortiz 8-1 and Alex Rodriguez 12-1. With 49 homers, Pujols finished second in the National League behind Howard (58). Pujols is considered the favorite due to the consistent power numbers that he has posted since breaking into the league in 2001. Also one must consider the fact that he played in 16 fewer games then Howard did due to an injury. Howard smashed 58 homers in his first complete season of big league play en route to the National League MVP odds award. He silenced his critics by successfully hitting left-handed pitching. Howard also displayed the ability to use his power to the opposite field. Two attributes which should keep Howard amongst the league leaders in long balls for years to come. From the American League representatives, David Ortiz leads the field. Ortiz was second in the majors last year with 54 home runs. Except for 1999 when he only played in 10 games, Ortiz has improved on his home run numbers each year he has been in the majors (1997).
Be sure to log onto online sports betting site MySportsbook.com to check out the odds for who will lead the MLB in home runs this season. Below is just a sample of the players listed. With the highest credit card rates in the industry, MySportsbook.com is the place to bet on baseball this summer.
World Series odds
Adam Dunn 15-1
Albert Pujols 5-1
Alex Rodriguez 12-1
Alfonso Soriano 15-1
Andruw Jones 25-1
Barry Bonds 50-1
Carlos Delgado 40-1
David Ortiz 8-1
Jermaine Dye 40-1
Ken Griffey Jr. 100-1
Lance Berkman 40-1
Manny Ramirez 20-1
Richie Sexson 40-1
Ryan Howard 6-1
Travis Hafner 20-1
Vladimir Guerrero 40-1
To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.
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.
To visit this internet sportsbook go to MySportsbook.com for all your football betting and World Series odds.
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