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Sedin twins headline first day of NHL free agency

Hockey Betting Lines

07/02/2009 - Philadelphia, PA (Sportsbook Betting Lines) - Wednesday marked the beginning of the NHL's free agency period, and two of the biggest players on the open market opted to stay put.

The Vancouver Canucks re-signed forwards Daniel and Henrik Sedin to new five-year contracts. The contracts are identical and worth a reported $30.5 million for each player.

Daniel and Henrik have played their entire NHL careers with the Canucks after being drafted by Vancouver second and third overall, respectively, in the 1999 NHL Entry Draft.

The twin brothers led the Canucks in scoring last season with 82 points apiece. Daniel notched 31 goals and 51 assists, while Henrik posted 22 goals and 60 helpers. Henrik's goal and point totals represented career bests.

The other big free agent moved from the Motor City to the Windy City as forward Marian Hossa signed a 12-year deal with the Chicago Blackhawks.

Terms of the deal were not disclosed, but the contract is reportedly worth an average of $5.2 million per season. Hossa made waves last summer when he turned down a multi-year offer from Pittsburgh to sign a one-year deal with the Red Wings. He inked the deal with Detroit just weeks after losing to the Red Wings as a member of the Penguins in the 2008 Stanley Cup Finals.

This year, Hossa once again found himself on the losing end of the Cup Finals as the Penguins exacted revenge for the snub by downing Detroit in seven games. Hossa has yet to win a Stanley Cup title during his 11-year NHL career.

Hossa led the Red Wings with 40 goals in 2008-09 and was third on the team with 71 points. He added 15 points (6 goals, 9 assists) in 23 playoff games. The Slovakian native has recorded 719 points (339g, 380a) in 775 career games with Ottawa, Atlanta, Pittsburgh and the Red Wings.

The New York Rangers made a big splash on the first day of free agency, inking free agent forward Marian Gaborik to a five-year contract.

TSN Canada is reporting the deal is worth $7.5 million yearly.

Gaborik has spent his entire seven-year career with the Wild, totaling 219 goals and 218 assists in 502 games. This past season, he played in only 17 games due to various injuries and posted 13 goals and 10 assists.

In his last full healthy season, 2007-08, Gaborik recorded 42 goals and 83 points through 77 games. He was originally the third overall pick of the 2000 NHL Draft.

After losing Gaborik, the Wild turned around and came to terms with right wing Martin Havlat on a six-year contract, signing him away from the Blackhawks. The Minneapolis Star-Tribune reports the deal is worth $30 million, which is the richest total contract in team history.

Last season, Havlat led Chicago with a career-high 77 points (29 goals, 48 assists), while skating in a career-best 81 games.

The Montreal Canadiens have signed forward Brian Gionta to a five-year contract and defenseman Hal Gill to a two-year deal. Financial terms of both deals were not released, though Canada's TSN reported Gionta's deal is worth $25 million and Gill will make $4.5 million over the span of his contract.

Gionta, 30, had spent his entire seven-year career with New Jersey after the Devils selected him in the third round of the 1998 draft.

In 473 career games, Gionta has posted 152 goals and 160 assists. Last season he had 20 goals and 40 assists in 81 contests.

Gill, 34, spent last season with the Pittsburgh Penguins and had two goals and eight assists in 62 regular season games. He also added two assists in the playoffs, helping the Penguins win the Stanley Cup.

In 851 games over 11 NHL seasons with Boston, Toronto and Pittsburgh, Gill has recorded 31 games and 120 assists, and accumulated 800 penalty minutes.

The Florida Panthers re-signed forward David Booth to a six-year contract reportedly worth a total of $25.5 million.

Booth, a 24-year-old winger, had a breakout season in 2008-09, setting career- highs in goals (31), assists (29), points (60) and penalty minutes (38) while playing in 72 games with the Panthers. He led Florida in goals and was second on the club in points.

Booth was originally selected by Florida with the 53rd overall pick in the 2004 NHL Entry Draft and has recorded 56 goals and 54 assists in 193 career games with the Panthers.

The Carolina Hurricanes agreed to terms with forward Erik Cole on a two-year contract that will pay him a total of $5.8 million. Cole, 30, will make $2.8 million in 2009-10 and $3 million in 2010-11.

Cole was traded last offseason from Carolina to Edmonton, but returned to the Hurricanes in a March 4 trade that also included Los Angeles. Last season, for the Oilers and 'Canes, Cole netted 18 goals and registered 24 assists in 80 games. For his career with Carolina and Edmonton, Cole has recorded 147 goals and 322 points in 498 games.

The Anaheim Ducks agreed to a one-year contract with veteran defenseman Scott Niedermayer. The team announced last week that Niedermayer would be coming back for the 2009-10 campaign.

Niedermayer posted 14 goals and 59 points while playing in all 82 games for the Ducks a season ago. A four-time Stanley Cup champion, the venerable backliner helped lead the Ducks to their only Stanley Cup championship in 2007, winning the Conn Smythe Trophy as the most valuable player.

Since making his NHL debut in 1991-92, Niedermayer has scored 162 goals and accumulated 530 assists with New Jersey and Anaheim. He is also the only player in hockey history to have won a Stanley Cup, Olympic Gold Medal, World Championship, World Cup, Memorial Cup and World Junior title.

The Edmonton Oilers signed goaltender Nikolai Khabibulin to a four-year contract worth $15 million.

The 36-year-old netminder had a record of 25-8-7 with a 2.33 goals against average to go along with a .919 save percentage in 42 games with the Chicago Blackhawks last season. In 15 playoff games, he was 8-6 with a 2.93 goals against average and a .898 save percentage.

Other notable free agent signings on Wednesday saw goaltender Dwayne Roloson sign with the Islanders, goaltender Craig Anderson heading to Colorado, fighting forward Colton Orr sign with Toronto, Donald Brashear taking his fighting skills to the New York Rangers, defenseman Mattias Ohlund heading to Tampa Bay, forward Mike Knuble signing with Washington and defenseman Jaroslav Spacek and forward Mike Cammalleri heading to Montreal.

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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.

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