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03/08/2010 - Ponte Vedra Beach, FL (Sportsbook Betting Lines) - The grandfathered wedges and irons used by Phil Mickelson and others this season will no longer be allowed on the PGA Tour after the company that makes them agreed to waive its rights from a decades-old lawsuit.
The waiver, announced Monday, means Ping's controversial Eye2 clubs will no longer be exempted from the new PGA Tour regulations banning clubs with square grooves.
"We all believe it is in the best interests of golf," John Solheim, chairman and chief executive of Ping, said in a release
The waiver goes into effect March 29 and will apply to the PGA, Champions and Nationwide Tours. Following a request from the United States Golf Association, the waiver will also be applied to the U.S. Open.
"John Solheim and Ping had a terrific opportunity to do something very positive and significant for the game of golf and we very much appreciate his willingness to take this action," PGA Tour commissioner Tim Finchem.
Because of a 20-year-old settlement between Ping and the USGA, all EYE2 wedges made before April 1990 were exempted from the new rule that required players to switch to clubs with V-shaped grooves beginning this season.
The grooves regulation was implemented by the USGA to make it harder for players to control the ball out of the rough.
Mickelson carried an Eye2 wedge in his bag at Torrey Pines in January, prompting tour veteran Scott McCarron to accuse him of cheating. Other players, including John Daly, have also taken advantage of the loophole.
The waiver does not take all EYE2 irons and wedges out of competition. Clubs with grooves that conform to the new regulations will still be allowed. Ping said it has made EYE2 clubs with conforming grooves for several players.
Solheim said his company considered several solutions to the issue since meeting with USGA officials last month, but that waivers were the most appropriate way to honor the original competition agreements it had with the PGA Tour and USGA.
"The problem is solved on the PGA Tour and the integrity of the original agreements is unaffected," Solheim said, noting that the EYE2 clubs would still be allowed in amateur events played under USGA rules.
The USGA said it will conduct a forum later this year to discuss ways to improve the equipment rulemaking process.
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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 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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