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Motor City Blues

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07/02/2009 - (Sportsbook Betting Lines) - I've always thought of sports as the ultimate form of escapist entertainment.

And a whole lot of people need to "escape" right about now.

It was announced Thursday that the nation's employers cut a larger-than- expected 467,000 jobs in June, and the unemployment rate climbed to a 26-year high of 9.5 percent. All told, 14.7 million Americans were unemployed in June.

Perhaps no city has been hit harder than Detroit, where the economic recession has left the Motor City with an astounding 22 percent unemployment rate, over two times the national average.

It wasn't always like that. Once upon a time, moving to Detroit was like winning the middle-class lottery. People with little or no real education were able to get jobs in the auto industry and in turn garner nice pay, great benefits and a solid pension. It was the very definition of the "American Dream," for so many.

Increased competition from foreign companies, the unyielding demands of the powerful unions and flat out mismanagement at the very top collapsed the entire auto industry from within, leaving a crumbling city both politically and fiscally.

Inasmuch, the people of Motown could use an "escape."

In recent years, the Pistons have been great at providing a few hours of escapist entertainment. Six straight trips to the Eastern Conference finals made late spring basketball a birthright for a generation of hoops fans...

Until last year.

Convinced his veteran-laden team was stale and couldn't get over the ultimate hump, Pistons president Joe Dumars pushed the plunger and blew up his team. The results were disastrous.

Joe D. jettisoned the underrated Flip Saunders for the untested and unproven Michael Curry, and compounded that mistake with the ill-conceived Chauncey Billups-Allen Iverson trade.

Curry's decision to bench veteran stalwart Rip Hamilton in favor of Iverson was not well-received by his team. Gone was Detroit's legendary balance, defensive prowess and chemistry, not to mention the run of six straight trips to the East finals.

In his first year directing the perennial championship contenders, Curry led the Pistons to just a 39-43 record, good for the No. 8 seed in the Eastern Conference. Detroit was then quickly swept in the first round of the playoffs by the top-seeded Cavaliers, who won each game by double digits.

Needless to say, this is a big summer for Dumars.

First, the Hall of Famer did an about-face Tuesday and fired Curry, just two months after he had held a press conference to confirm that his embattled coach would return to the Motor City in 2009-10.

Then the team - which did acquire plenty of cap space in the Iverson deal - dove into free agency headfirst on Wednesday, reportedly agreeing to deals with a pair of former UConn stars, sharp-shooting guard Ben Gordon, late of the Chicago Bulls, and emerging forward Charlie Villanueva, formerly of the Milwaukee Bucks.

Gordon, an offensive-minded two-guard just like Iverson, had been on the Pistons' radar for quite some time and is a much better fit than the former MVP.

"Ben agreed to come here knowing he would come off the bench," a source told NBA.com. "That makes it completely different than Iverson coming here...Gordon is choosing to come here and play the super sub role."

Villanueva, meanwhile, became available after Milwaukee inexplicably declined to make him a qualifying offer on Monday.

Now, Detroit will feature a three-guard rotation of Rodney Stuckey, Hamilton and Gordon, with Tayshaun Prince at small forward and Villanueva at power forward.

The problem is the pivot, where battle-tested veterans Rasheed Wallace and Antonio McDyess are both expected to move on, leaving the perpetually underachieving Kwame Brown as the only current option.

Like the city they play in, the Pistons are still a long way away from their glory days. But Dumars' dealings may have provided something far more important than any championship trophy -- a welcome distraction for an embattled fan base.

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What Is the Point Spread?

What are Sports Betting Point Spreads?

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.

How to Read Point Spreads

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:

  • Philly wins the actual game by any amount of points
    OR
  • Philly loses the game by less than 7 points.

  • 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.

    For Those Who Like to Consider Things Mathematically

    Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:

  • Subtracting the point spread from the favorite’s score (thus the minus sign before the number) and then compare to the underdog’s score
    OR
  • Adding the point spread to the underdog’s score (thus the plus sign before the number) and then compare to the favorite’s score

    Who Really “Won” the Super Bowl odds ?

    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.