Devils GM weighs in on Kovalchuk deadline

Hockey Betting Lines

09/01/2010 - Newark, NJ (Sportsbook Betting Lines) - New Jersey Devils general manager Lou Lamoriello issued a statement on Wednesday, addressing the National Hockey League's decision to extend the deadline on accepting a new contract for free- agent forward Ilya Kovalchuk to this coming Friday.

The Devils submitted a new contract concerning Kovalchuk to the league last Friday.

"We have today been advised that the NHL and NHLPA have agreed to extend until Friday the decision on whether to approve or reject the latest contract between Ilya Kovalchuk and the New Jersey Devils.

"We remain confident that the terms of this contract comply, in every respect, with the CBA (Collective Bargaining Agreement) and meet both the NHL's concerns and the principles of arbitrator Bloch's decision. We remain optimistic that this extension will result in an approval of the contract and that Ilya Kovalchuk will remain a valuable member of the Devils for the balance of his career."

The Bergen Record reported last Friday that NHL deputy commissioner Bill Daly confirmed the league was reviewing the contract and had five days, beginning Friday, to either approve or reject the deal. The paper reported the contract is believed to be worth $100 million over 15 years, with an annual salary cap hit of $6.66 million.

The league rejected Kovalchuk's 17-year, $102 million contract in July, on grounds that it circumvented the salary cap. The reported deal was front- loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.

After the NHL Players Association filed a grievance, an arbitrator ruled on August 9 in favor of the NHL, voiding the deal and making Kovalchuk an unrestricted free agent again.

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Online Sportsbook Football Betting

Why Sports Betting is so much fun?

Betting Sports

The most popular sports to bet on are NFL and college football along with NBA and NCAA basketball. There are multiple betting opportunities within those sports, beginning with the basic wager on a game’s outcome (also called betting the side). College Football Point spreads are used in both football and basketball in an attempt to even the attractiveness of each team in a match-up. ( See our article detailing how and why point spreads are made)

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Points (or Runs) Scored

Another bet across all major team sports including football, basketball, baseball, and hockey involves wagering on the amount of scoring in a game, called an Over/Under total. For example, the Over/Under total on Super Bowl XXXIX was 48, which means a bettor could wager whether there would be more or less than 48 points scored by both teams combined in the game.

The final score of Super Bowl XXXIX was 24-21; the scoring of both teams added up to 45, which means the game went Under . So Under bettors won, and Over bettors lost.

Future Bets

Sports gambling doesn’t end there. Betting sides and totals are the most common wagers available everywhere, but many sportsbooks also offer future bets on big upcoming events like who will win next year’s Super Bowl and what movie will win Best Picture at the Academy Awards.

The main advantage of futures is that you can get appealing odds by betting far in advance. For example, with NFL futures you often can get much higher odds on a team by betting before the season even starts. A NFL future bet on a team to win the Super Bowl odds might be 20/1 in the preseason; but by midseason, their odds might decrease to 10/1 if they turn out to be legitimate championship contenders.

Proposition Bets (or Prop Bets)

Proposition bets , also known as prop bets, focus upon the more exotic aspects of a game and are generally reserved for events that are widely televised. Prop bets are extremely popular when it comes to wagering on the Super Bowl in Las Vegas. The Imperial Palace Casino’s sportsbook is well-known for the enormous number of prop bets offered. For example, you can bet on:

Types of Bets

Straight Bet

Involves one individual wager, whether it be on your team to cover the point spread, to win the game straight-up on the money line, or to go over/under the total.

Sports Betting Parlays

A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay bet is much better odds than placing each individual bet separately since the difficulty of hitting it is much higher.

Standard payoffs on a two-team parlay are 13/5; while a three-teamer pays 6/1; and a four-teamer 10/1.

Parlay cards are also fairly common in sportsbooks and popular with bettors, as they are released early in the week with set odds that do not change in return for a slightly lower payoff.

Round Robin Betting

Adventurous bettors who enjoy betting parlays sometimes put together a series of parlays called a Round Robin . A three-team Round Robin consists of one three-team parlay and three two-team parlays. For example, Joe likes teams A,B,C – with a Round Robin he has a three-teamer with ABC, and two-teamers with AB, AC, and BC.

Betting Teasers

Similar to a parlay, a teaser bet is a single bet that links together two or more individual wagers, but is different in that the point spread is adjusted to your advantage on each individual wager. In exchange for the points, you get less of a return on your bet compared to a parlay. For example, a 6-point teaser would move the line on a 7-point favorite from -7 to -1, meaning the team would have to cover 6 less points. Each of the individual wagers must win or the bet is a loss.

These are the main types of sports bets available today. But as sports betting continues to grow, sportsbooks will continue to develop new and creative ways to bet. We’ll continue to track these changes to the sports gambling landscape, so check back often and we’ll tell you all about it!

To visit this online sportsbook got to MySportsbook.com for all your football betting needs.

MySportsbook.com favors Bears, Bengals, Chargers and Colts to remain perfect

LAS VEGAS , Sept. 28 - Two big match-ups of undefeated teams have fans salivating at the Week Four schedule in the NFL. The Chicago Bears stifling defense looks to provide a less than hospitable welcome to the Seattle Seahawks on Sunday night in a battle of two 3-0 teams in the NFC conference. In the AFC, the San Diego Chargers (2-0) head to Maryland to face the surprising Baltimore Ravens (3-0) as both try to keep pace atop the conference standings. Betting Lines makers at MySportsbook.com, online sportsbook and casino, have set the Bears as 3.5 point favorites while the Chargers are a 2.5 point bet.

Of the three remaining undefeated teams, only one, New Orleans, enters this week's game as an underdog. Despite an emotional and resounding win over Atlanta on Monday night, the Saints are a 7.5 point underdog against the struggling Carolina Panthers. Indianapolis looks to stay perfect when they face the New York Jets as a 9 point road favorite while the Cincinnati Bengals are a 6 point favorite at home to the New England Patriots.

Six teams enter the week still looking for their first win, with a seventh, Tampa Bay, on a bye week. The prospect of dropping another game would not bode well for a potential playoff run. Since 1990, just three teams -- the 1992 Chargers, 1995 Detroit Lions and 1998 Buffalo Bills -- have overcome losing their first three games of the season to earn a postseason berth. And only the Chargers managed to accomplish the feat after starting 0-4.

To visit this online sportsbook got to MySportsbook.com for all your NFL football betting needs.