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03/03/2010 - Louisville, KY (Sportsbook Betting Lines) - The second Kentucky Derby Future Wager of 2010 picks up where the first ended. The mutuel field is the 7-2 morning-line favorite among the 24 betting interests.
The pool begins Friday at noon (et) and runs through Sunday at 6 p.m. (et). Along with the mutuel field there are 23 individual three-year-olds on which to bet.
When wagering ended on the first Future Wager last month the mutuel field was the 3-2 favorite.
The 6-1 co-second choices are 2009 champion two-year-old colt Lookin at Lucky and Fountain of Youth Stakes winner Eskendereya. At the close of the initial pool, Lookin at Lucky was 8-1 and Eskendereya was 22-1.
Pool 3 of the Kentucky Derby Future Wager is set for March 26-29.
The 136th Kentucky Derby will be conducted on Saturday, May 1 at Churchill Downs.
Here is the complete list of the 24 betting interests for the second Kentucky Derby Future Wager.
Number Wagering Interest Morning line odds Final odds
1. Aikenite 50-1
2. American Lion 30-1
3. Buddy's Saint 12-1
4. Caracortado 12-1
5. Connemara 20-1
6. Conveyance 12-1
7. D' Funnybone 20-1
8. Dave in Dixie 30-1
9. Discreetly Mine 30-1
10. Dublin 15-1
11. Eskendereya 6-1
12. Jackson Bend 20-1
13. Lookin At Lucky 6-1
14. Nextdoorneighbor 30-1
15. Noble's Promise 30-1
16. Odysseus 50-1
17. Radiohead 20-1
18. Rule 20-1
19. Setsuko 50-1
20. Sidney's Candy 20-1
21. Super Saver 20-1
22. Tempted to Tapit 50-1
23. Vale of York 30-1
24. All Other 3YOs (field) 7-2
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Aurelio suffers another injury setback >>
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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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