Richmond's Anderson opts out of draft

NCAA Basketball Betting Lines

05/07/2010 - Richmond, VA (Sportsbook Betting Lines) - University of Richmond point guard Kevin Anderson has withdrawn his name from the 2010 NBA Draft and will return to the school for his senior season.

The deadline for players who have entered the draft to remove their name from consideration is May 8.

Anderson had originally declared for the draft on April 19 but kept his options open for a return by not signing with an agent.

The 2009-10 Atlantic 10 Player of the Year led the Spiders with an average of 17.8 points per game and 93 assists in 35 contests. He ranks eighth on the school's all-time scoring list with 1,549 points and ranks sixth in Richmond history with 164 steals.

Richmond finished the 2009-10 campaign with a 26-9 record to tie the school record for most wins in a season. The Spiders were eliminated in the first round of the NCAA tournament in an 80-71 loss to Saint Mary's.

"What I have learned going through this process will only benefit myself and my teammates as we try to bring the Atlantic 10 Championship and another NCAA Tournament berth to Richmond next year," Anderson said.

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SPORTS BETTING

NFL Football Betting Online

In 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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