Larranaga receives three-year extension
NCAA Basketball Betting Lines
01/27/2012 - Coral Gables, FL (Sportsbook Betting Lines) - Miami-Florida men's basketball coach Jim Larranaga has agreed to a three-year contract extension that will keep him with the Hurricanes through the 2018-19 season.
Larranaga is in his first year with the Hurricanes after building a successful program at George Mason. Miami is 11-7 this season, including 2-3 in the ACC.
"I'm thrilled with this three-year extension and the commitment it shows to our program," Larranaga said in a statement. "My staff and I are confident we can build the type of program that will be a source of pride for the entire university."
Larranaga left George Mason last spring as the school's all-time wins leader, going 273-164 during a tenure highlighted by a memorable and surprising Final Four run in 2006.
"Jim is a first-class representative of our university and we look forward to having him at the helm of our program for many years to come," said Miami athletic director Shawn Eichorst.
The 62-year-old Larranaga was also head coach at Bowling Green (1986-97) and American International College (1977-79). He took over at Miami after Frank Haith left to take the vacancy at Missouri.
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SPORTS BETTING
NFL Football Betting OnlineIn 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 for online football betting .
Don't believe it? Just take a look at what happens around the Super Bowl.
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