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09/02/2010 -
IOWA CITY, Iowa (AP) -Iowa says it is extending coach Kirk Ferentz's contract through 2020.
Ferentz's current deal runs through 2015 and pays him roughly $2.84 million per season. Ferentz's new deal will total nearly $3.7 million a year.
School officials expect the deal to be signed Friday.
The announcement Thursday comes just two days before Iowa kicks off its most anticipated season in years. The ninth-ranked Hawkeyes, coming off an 11-2 season and a win in the Orange Bowl, host Eastern Illinois on Saturday.
Iowa athletic director Gary Barta says the extension supports his goal of retaining Ferentz until he retires.
Ferentz is in his 12th season as the head coach at Iowa. Last season, he was named the Big Ten's Coach of the Year for the third time.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
<< Hawks sign C Thomas
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Hawks signed free agent center Etan
Thomas on Thursday. Per team policy, terms of the deal were not disclosed.
An eight-year veteran, Thomas spent last season with Oklahoma City and in 23
games a
<< Boston's Buchholz named AL Pitcher of the Month
New York, NY (Sportsbook Betting Lines) - Boston Red Sox right-hander Clay Buchholz was
named the American League Pitcher of the Month for August.
Buchholz was 4-0 with a minuscule 1.03 earned-run average over six August
starts. He struck out
<< Toronto's Bautista wins AL monthly award
New York, NY (Sportsbook Betting Lines) - Toronto Blue Jays outfielder Jose Bautista
was named the American League Player of the Month for August.
Bautista torrid month-long stretch with the bat saw him lead the A.L. in home
runs (12), RBI (24)
<< Wozniacki, Jankovic reach third round in Flushing
Flushing Meadows, NY (Sportsbook Betting Lines) - Top-seeded Caroline Wozniacki and
former world No. 1 Jelena Jankovic were a pair of second-round winners
Thursday at the 2010 U.S. Open.
The 2009 runner-up Wozniacki double-bageled Taipei's Kai-Chen
Marlins C Baker to have elbow surgery >>
Miami, FL (Sportsbook Betting Lines) - Florida Marlins catcher John Baker is headed
for Tommy John surgery on Friday.
The Miami Herald reported Thursday that Baker, who has not played since May
12, will undergo a procedure to repair a damaged
Iowa to extend Ferentz through 2020 >>
Iowa City, IA (Sportsbook Betting Lines) - Iowa announced Thursday it plans to extend
the contract of head football coach Kirk Ferentz through the 2020 season.
School officials expect Ferentz to sign the contract Friday.
The Hawkeyes begin the
Preds ownership completes Del Biaggio buyout >>
Nashville, TN (Sportsbook Betting Lines) - Nashville Predators chairman Tom
Cigarran announced on Thursday that the current ownership group has completed
the purchase of remaining ownership shares from jailed former investor William
"Boots"
Avalanche sign Stewart for two years >>
Denver, CO (Sportsbook Betting Lines) - The Colorado Avalanche signed restricted free-
agent forward Chris Stewart to a two-year deal on Thursday.
The 22-year-old led the Avs with 28 goals and ranked second in points with 64
over 77 regular-season
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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