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08/29/2010 - Saratoga Springs, NY (Sportsbook Betting Lines) - Persistently, ridden by Alan Garcia, caught 2009 Horse of the Year Rachel Alexandra in late stretch to capture Sunday's $300,000 Personal Ensign Stakes at Saratoga Race Course. Winning trainer Shug McGaughey was also the conditioner of Personal Ensign.
Rachel Alexandra, with jockey Calvin Borel, was the 2-5 favorite in the five horse field. Delaware Handicap winner Life At Ten, ridden by John Velazquez, went off as the 9-5 second choice.
These two set the pace in the 1 1/4-mile stakes. Rachel was running in her first 1 1/4-mile race. The four-year-old filly took the lead out of the gate and was joined by Life At Ten.
These two females were far ahead of the other three runners. Rachel held the lead entering the far turn with Life At Ten to her outside.
Around the final turn the Horse of the Year moved clear of her main rival and opened a lead at the top of the stretch. As Life At Ten tired Persistently ranged up on the outside to move past the five-year-old mare.
In mid-stretch Rachel was clearly tiring, but still had the lead with a 100 yards to run. Persistently caught the favorite yards before the wire and posted a one-length victory over the four-year-old filly.
Life At Ten held on for third followed by Miss Singhsix and Classofsixtythree.
Persistently covered the 1 1/4-miles in 2:04.49 on a fast track.
Personal Ensign, a 1993 Hall of Fame inductee, was owned by the Phipps Stable which also owns this year's race winner. Previous Personal Ensign Stakes winners owned by the Phipps Stable and trained by McGaughey were Storm Flag Flying (2004), Heavenly Prize (1995) and Personal Business (1990).
Persistently notched her first stakes win with the Personal Ensign, the win was worth $180,000. The four-year-old chestnut filly is the winner of four of 14 career starts for $491,256.
Persistently returned $45.00, $8.10 and $3.60. Rachel Alexandra paid $2.30 and $2.10, and Life At Ten paid $2.10 to show.
The lost snapped Rachel's two race win streak and Life At Ten's six race winning streak.
"We are disappointed in the result," said Rachel's co-owner Jess Jackson, "as we are sure her countless fans are, but we are certainly not disappointed in her. She is still a superstar in our hearts and minds. The old sports adage applies - On any given Sunday, anything can happen."
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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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