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Steinbrenner's death casts pall over All-Star festivities

Baseball Betting Lines

07/13/2010 - (Sportsbook Betting Lines) - If there was ever a baseball story that could steal the spotlight from the All-Star Game, this was it.

George Steinbrenner passed away early Tuesday morning following a massive heart attack in his Tampa home. The longtime Yankees owner had reportedly been in failing health for years, and was rarely seen in public of late.

Whatever you may think of Steinbrenner, this much I know: there will never be another owner like him. The Daniel Snyders, Mark Cubans and Dan Gilberts of the world can try, but they are not and never will be George Steinbrenner.

The quote from his initial press conference in 1973, when he took over the franchise in 1973, still resonates, albeit ironically. Steinbrenner said he would not be involved in the day-to-day operations of the team, a statement that was almost as off-the-mark as his insistence that he was dead-set against free agency, that it would ruin the game.

Known as "The Boss," Steinbrenner helped change baseball. He was at the forefront in the infancy of free agency, luring Jim "Catfish" Hunter to the Bronx prior to the 1975 season and Reggie Jackson two years later. Other early big signings were Goose Gossage in 1978 and Dave Winfield before the 1981 campaign.

With Steinbrenner at the helm, the Yankees won seven World Series titles and 11 American League pennants. The club went to the World Series in 1976, just his fourth season of ownership, and captured the first of two straight titles the following year.

Steinbrenner was the owner that you loved to hate, unless he owned your team, of course. He transcended the sport. How many owners of professional sports teams have hosted Saturday Night Live, or had their likenesses portrayed on Seinfeld?

What made him so great was that he seemed to have the ability to laugh at himself. He knew he was a character, and played it up to the fullest.

Steinbrenner had his faults. Was he short-tempered at times? Yes. Ask Dave Winfield, or "Mr. May," as he was once referred to by Steinbrenner. Or the numerous managers he fired How about the time he called Hideki Irabu a fat toad? Or his fistfight with a Dodgers fan in the elevator during the 1981 World Series?

His outbursts were legendary. The whole Billy Martin saga should be a broadway play. There wasn't anyone who at one time or another did not have a run-in with the Boss. Martin, Thurman Munson, Reggie Jackson, Don Mattingly, Yogi Berra, Joe DiMaggio, Joe Torre and even Derek Jeter have all at one time drawn the ire of Big Stein.

He hired and fired 12 managers, including Billy Martin five times, from 1974 until Torre's reign began in 1996.

But through it all, the thing he cared about the most was winning. One of his most famous quotes was, "Winning is the most important thing in my life, after breathing. Breathing first, winning next."

A lot of Steinbrenner's charitable work was overshadowed by his larger-than- life persona. Among his many philanthropic contributions was the Silver Shield Foundation, established to provide scholarships and other educational support to the children and spouses of police officers, firefighters and state troopers killed in the line of duty.

As the son of a New York City cop, I can't begin to tell you how important and meaningful something like that is.

It is funny, through a lot of my childhood George Steinbrenner was hated by Yankee fans. Yankee Stadium actually erupted in cheers when he banned from baseball for the second time in July of 1990.

Things changed once he came back nearly three years later. He softened as he got older, and defied the odds to become beloved. One of my favorite Yankee Stadium memories was Opening Day in 2004 when he was being interviewed on the field, the fans serenaded him with chants of "Thank you, George" and "We love you, George." The accolades brought The Boss to tears.

Such adulation for an owner is unlikely to happen again in the Bronx. There will never be another George Steinbrenner.


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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 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.

    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.