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03/02/2010 - Portsmouth, England (Sportsbook Betting Lines) - Portsmouth's future remains unclear as they have been told they must return to the High Court later this month after Her Majesty's Revenue and Customs challenged the club's decision to go into voluntary administration.
HMRC believes administrator Andrew Andronikou is not independent and a judge has agreed, ruling that there was a 'shadow cast over the appointment of Pompey's administrators'.
The club entered administration last Friday but have yet to be deducted nine points as their future remains shrouded in doubt.
It is believed that Pompey, who are more than $90 million in debt, need $10.5 million to survive until the end of March and more than $21 million to keep going until the end of May.
Judge Alastair Norris has ordered the club to produce evidence of the payments Portpin ltd has loaned to them by March 12 and, if the move into administration is not found to be valid, Pompey could be liquidated.
Mr Justice Norris said: "It will be necessary for it to be established that new money was given for the charges when granted.
"Unless that can be established the charges will be voided. The Revenue are concerned that no new money was given. The basis for that concern lies in evidence filed by the company in answer to the winding-up petition."
(Courtesy of sportbox.tv)
<< Oklahoma's Warren set for season-ending surgery
Norman, OK (Sportsbook Betting Lines) - Oklahoma has announced sophomore guard
Willie Warren will undergo season-ending arthroscopic surgery on his right
ankle Wednesday.
Warren originally injured the ankle January 21 in practice, then r
<< Flyers G Emery to have season-ending hip surgery
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Flyers announced on
Tuesday that goaltender Ray Emery will have season-ending surgery to repair
damage to his right hip.
The club had placed Emery, who has not skated since Febr
<< This Week in Auto Racing March 5 - 7
Las Vegas, NV (Sportsbook Betting Lines) - NASCAR returns to the East Coast, as the
Sprint Cup and Camping World Truck Series tackle one of the fastest tracks on
the circuit.
NASCAR
Sprint Cup Series
Kobalt Tools 500 - Atlanta Motor Speedw
<< Schalke signs teenage midfielder Matip
Gelsenkirchen, Germany (Sportsbook Betting Lines) - Schalke signed teenage midfielder
Joel Matip to a 3 1/2-year contract Tuesday.
Matip, 18, made his Bundesliga debut in November and has played 12 matches. He
has two goals. He could earn his first
Trucks back on track at Atlanta >>
Hampton, GA (Sportsbook Betting Lines) - Series: NASCAR Camping World Truck. Date:
Saturday, March 6. Race: E-Z-Go 200. Site: Atlanta Motor Speedway. Track:
1.54-mile oval. Start time: 2:00 p.m. (et). Laps: 130. Miles: 200.2. 2009
Winner: Kyle Busch. Tel
Terry won't lead England again under Capello >>
London, England (Sportsbook Betting Lines) - England manager Fabio Capello has confirmed
that Steven Gerrard will captain his side against Egypt at Wembley on
Wednesday in the absence of the injured Rio Ferdinand.
The Italian has also confi
U.S. searching for right mix against Dutch >>
Amsterdam, Netherlands (Sportsbook Betting Lines) - U.S. coach Bob Bradley assembled the
majority of his best players for Wednesday's match at the Netherlands, and the
last few spots on the World Cup roster could be decided at Amsterdam ArenA.
The Ame
Sharks D Vlasic hits IR; three recalled >>
San Jose, CA (Sportsbook Betting Lines) - San Jose has placed defenseman Marc-Edouard
Vlasic on injured reserve with a lower-body injury and recalled three players
from Worcester, the Sharks' American Hockey League affiliate.
Vlasic has been out
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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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