08/14/2008 - Pittsburgh, PA (Sportsbook Betting Lines) - The Pittsburgh Penguins broke ground on their new arena Thursday.
The new multi-purpose facility, which is located beside Mellon Arena, is slated to open in time for the 2010-11 season.
Among the dignitaries attending the event were Pennsylvania governor Ed Rendell, Pittsburgh mayor Luke Ravenstahl, Allegheny County executive Dan Onorato and Penguins franchise icon/owner Mario Lemieux -- all of whom were instrumental in crafting the lease terms on the arena which allowed the Pittsburgh franchise to remain in the city.
"I am delighted to be part of this event," said Rendell. "Construction of this new multi-purpose arena will provide immediate economic stimulus by creating construction jobs, but more importantly, this arena will benefit residents for decades to come."
The Penguins have called Mellon, also dubbed "The Igloo", home since their 1967 inception, but without a newer facility, the club was in danger of relocating after the 2006-07 season. However, the lease agreement on the new facility ensures that the Pens remain in the Steel City for at least the next 25 years.
Seating capacity is expected to be 18,087 for hockey -- more than a thousand units over what currently exists at Mellon.
"This is an exciting day for the Penguins and our region, and we will be proud to be the anchor tenant of this new multi-purpose facility," said Lemieux. "We look forward to opening the NHL season here in October, 2010."
<< Glavine returns from DL in finale with Cubs
(Sportsbook Betting Lines) - The Atlanta Braves are expected to have Tom Glavine back on
the mound tonight, when they close out a three-game series versus the Chicago
Cubs at Turner Field.
Glavine has been on the disabled list since June 11 with a sor
<< Phils, Myers close series at Chavez Ravine
(Sportsbook Betting Lines) - The last time Brett Myers took the hill he had a fantastic
outing spoiled by his behavior. Tonight, Myers will try to keep his cool and
put the Philadelphia Phillies back in the win column in the finale of a four-
game series
<< Mets wrap up series with Nationals
(Sportsbook Betting Lines) - The race for National League East supremacy seems much like
a see-saw, with teams either sharing the lead or trading the top spot on
several occasions.
The New York Mets are back at the top of the heap tied with the Philad
<< Jackson makes Tribe debut versus O's
(Sportsbook Betting Lines) - Recently acquired southpaw Zach Jackson makes his first
appearance in an Indians uniform tonight when Cleveland closes out a four-game
series with the visiting Baltimore Orioles at Progressive Field.
Jackson began the se
Saints DT Thomas out two months >>
Metairie, LA (Sportsbook Betting Lines) - New Orleans Saints defensive tackle Hollis
Thomas suffered a right triceps injury in practice on Wednesday that will
sideline him about two months.
A starter for much of his two seasons with New Orlea
Roy has successful surgery >>
Portland, OR (Sportsbook Betting Lines) - Portland Trail Blazers guard Brandon Roy
underwent successful arthroscopic surgery on Thursday to repair a meniscus
tear in his left knee.
The All-Star from the University of Washington learned of th
Flyers extend head coach Stevens once more >>
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Flyers reached an
agreement with head coach John Stevens on a two-year contract extension on
Thursday.
Per club policy, terms of the deal were not disclosed.
"I am very exc
Three share early lead in Sweden >>
Stockholm, Sweden (Sportsbook Betting Lines) - Nick Dougherty opened with a four-under-
par 66 Thursday to grab a share of the lead after the opening round of the SAS
Masters.
Dougherty was joined in the lead by Peter Hanson and Pedro Linhart.
Rob
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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.
Don't believe it? Just take a look at what happens around the Super Bowl.
Stay with us here as we take you through the best in NFL action on a consistent basis, with advice columns as well as handicapping selections. If you're looking for college football betting, that's in our NCAA section, which you can reach by clicking here. And if you're looking for a different kind of football, such as the Canadian Football League, which we'll deal with occasionally, or the Arena Football League, which we really like, you can find it in our Miscellaneous section by clicking
Note: Monday night game will be picked Monday. Lines used are from football betting odds .
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