11/25/2008 - Lexington, KY (Sportsbook Betting Lines) - Two of the three Breeders' Cup races introduced in 2007 have been granted Grade I status for 2009 by the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association. A third Breeders' Cup event has been designated as a Grade II stakes.
The committee met on Monday, November 24 in Lexington and decided that the Breeders' Cup Filly and Mare Sprint, along with the Dirt Mile, are worthy of the top designation of Grade I. Gaining Grade II for the coming year is the Breeders' Cup Juvenile Turf. All three races were run for the first time last year when Monmouth Park hosted the World Thoroughbred Championships.
"We are pleased that the Graded Stakes Committee recognized the world-class quality of the competition in our new races," said Pamela Blatz-Murff, Senior Vice President, Breeders' Cup Racing, "and we believe its decision, along with the enthusiastic reaction of the top owners and trainers in the world, is another validation of our expansion from eight to 14 championship races."
Also elevated to Grade I are the Jamaica Handicap at Belmont Park, Pat P. Brien and Clement L. Hirsch Handicaps at Del Mar and Keeneland's Vinery Madison Stakes.
The committee lowered the status of Belmont Park's Suburban Handicap from Grade I to II.
Along with the Breeders' Cup Juvenile Turf, six other stakes were upgraded to Grade II, most notably the West Virginia Derby held at Mountaineer Park.
Among the 10 stakes moved up to Grade III are the Massachusetts Handicap at Suffolk Downs and the Sam F. Davis Stakes at Tampa Bay Downs.
"I am very pleased by the Graded Stakes Committee's decision," said Peter Berube, Vice President and General Manager of Tampa Bay Downs, "as the Sam F. Davis has become an integral part of the Tampa Bay Downs stakes program."
The Committee reviewed 746 unrestricted U.S. stakes races with a purse of at least $75,000, and assigned graded status to 488 of them, seven more than were graded in 2008.
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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 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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