Devils GM weighs in on Kovalchuk deadline
Hockey Betting Lines
09/01/2010 -
Newark, NJ (Sportsbook Betting Lines) - New Jersey Devils general manager Lou
Lamoriello issued a statement on Wednesday, addressing the National Hockey
League's decision to extend the deadline on accepting a new contract for free-
agent forward Ilya Kovalchuk to this coming Friday.
The Devils submitted a new contract concerning Kovalchuk to the league last
Friday.
"We have today been advised that the NHL and NHLPA have agreed to extend until
Friday the decision on whether to approve or reject the latest contract
between Ilya Kovalchuk and the New Jersey Devils.
"We remain confident that the terms of this contract comply, in every respect,
with the CBA (Collective Bargaining Agreement) and meet both the NHL's
concerns and the principles of arbitrator Bloch's decision. We remain
optimistic that this extension will result in an approval of the contract and
that Ilya Kovalchuk will remain a valuable member of the Devils for the
balance of his career."
The Bergen Record reported last Friday that NHL deputy commissioner Bill
Daly confirmed the league was reviewing the contract and had five days,
beginning Friday, to either approve or reject the deal. The paper reported the
contract is believed to be worth $100 million over 15 years, with an annual
salary cap hit of $6.66 million.
The league rejected Kovalchuk's 17-year, $102 million contract in July, on
grounds that it circumvented the salary cap. The reported deal was front-
loaded so Kovalchuk could have earned as much money as possible while
providing the lowest possible cap hit for the team.
After the NHL Players Association filed a grievance, an arbitrator ruled on
August 9 in favor of the NHL, voiding the deal and making Kovalchuk an
unrestricted free agent again.
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NFL Football Betting Online
In terms of sports wagering, the NFL is "the most popular game in town." The explanation behind that is easy.
It is called the "pointspread."
Many years ago, NFL games, as well as the more popular college games, used straight odds as a vehicle for betting. For example, if the Bears were playing the Giants, and it shaped up as a competitive contest, the Bears might be, say, a 7/5 favorite. If they were playing an also-ran, it might be 10/1. Well, there is a point where a line becomes prohibitive, as far as betting the favorite. And who would waste money betting an underdog that has virtually no chance? Such a setup did not contribute to promoting betting action.
But in modern sports betting, a "pointspread" is used.
A NFL pointspreads are exactly that, a pre-established point difference between the two sides that will, for all intents and purposes, create a handicap that evens things out, and in doing so, produces comparable wagering activity on both sides of that proposition. So in lieu of a odds figure in which to bet the team to win outright, the Bears might be a three-point favorite over the New York Giants, and a 17-point favorite over the also-ran. Now that the team that is the underdog can "get" points, there can be equal action on both sides.
In sportsbooks, this is usually done with efficiency by charging the losing bettors 10% extra - in effect, bettors are laying 11/10 on those games. So they are actually betting $110 to win $100. If they lose, they pay the "vig." If they win, they simply collect.
The establishment of the pointspread as the corner stone around which team sports like football can be wagered upon was truly what brought gridiron betting into the stratosphere for online football betting .
Don't believe it? Just take a look at what happens around the Super Bowl.
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