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05/24/2010 - Louisville, KY (Sportsbook Betting Lines) - Defending Horse of the Year Rachel Alexandra put in a solid workout Monday morning at Churchill Downs. The four-year-old filly had Shaun Bridgmohan in the saddle for the five-furlong training session.
Trained by Steve Asmussen, Rachel went the five-furlongs in 1:00 2/5 on a fast track. She galloped out six-furlongs in 1:12 4/5 and seven-furlongs in 1:26.
"She looked great and galloped out super," Asmussen said. "She's doing well. It was just very nice. It was nice and smooth, covered ground well and was out very strong."
Owned by Stonestreet Stables and Harold McCormick, the champion racehorse is still seeking her first win of the year. She suffered her first loss of 2010, after going undefeated in eight starts last year, at the Fair Grounds on March 13 to Zardana by three-quarters of a length in the New Orleans Ladies Classic. Rachel was again second in the La Troienne at Churchill Downs on April 30 to Unrivaled Belle.
A possible start for Rachel could be the $600,000 Stephen Foster Handicap at Churchill Downs on Saturday, June 12. She would be facing male thoroughbreds in the 1 1/8-mile race, including Woodford Reserve Turf Classic winner General Quarters.
In 2009 the filly defeated three-year-old colts in the Preakness and Haskell Invitational, and older males in the Woodward.
Rachel Alexandra has career earnings of just over $3 million with 11 wins in 16 lifetime races.
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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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