LeBron James walks away from Cleveland for Miami
Basketball Betting Lines
07/09/2010 - LeBron James walked away from the comforts of home to chase an NBA championship. Perhaps the most hysterically-hyped free agent in sports history, James announced Thursday night on national TV that he plans to leave Cleveland to join the Miami Heat for a chance to play with Olympic teammates Dwyane Wade and Chris Bosh. It's a power trio that could rock the league for years to come. ``I can't say it was always in my plans, because I never thought it was possible,'' said James, who wrestled with his decision for weeks. ``But the things that the Miami Heat franchise have done, to free up cap space and be able to put themselves in a position this summer to have all three of us, it was hard to turn down. ``Those are two great players, two of the greatest players that we have in this game today.'' Add in James, and Miami has a three-headed monster. Ending weeks of round-the-clock speculation, the two-time MVP said he was uncertain until the eleventh hour before deciding that the only way he could fulfill his dreams of winning multiple championships was to leave his home state and a city that hasn't sprayed championship champagne in 46 years. See ya, Cleveland. Sorry, New York, Chicago, New Jersey, Los Angeles and all you other NBA cities who came calling. Hello, South Beach. ``It's going to give me the best opportunity to win,'' James said. ``We're going to be a real good team.'' That's not what Cleveland wanted to hear. Fans poured out of the same downtown bars and restaurants that have thrived with James around in frustration moments after the announcement. A few set fire to his No. 23 jersey while others threw rocks at the 10-story-tall billboard featuring James with his head tossed back and arms pointing skyward. ``We Are All Witnesses,'' the mural says. This was something Cleveland never thought it would see. Cavs owner Dan Gilbert posted an open letter to fans on the team's website ripping James and told The Associated Press he believes James did not play up to his abilities in Cleveland's second-round loss to Boston. ``He quit,'' Gilbert said. ``Not just in Game 5, but in Games 2, 4 and 6. Watch the tape. The Boston series was unlike anything in the history of sports for a superstar. ... People have covered up for him for way too long.'' Not Gilbert, not anymore. ``As you now know, our former hero, who grew up in the very region that he deserted this evening, is no longer a Cleveland Cavalier,'' Gilbert wrote. ``This was announced with a several day, narcissistic, self-promotional build-up culminating with a national TV special of his 'decision' unlike anything ever 'witnessed' in the history of sports and probably the history of entertainment. Clearly, this is bitterly disappointing to all of us. ``The self-declared former 'King' will be taking the 'curse' with him down south. And until he does 'right' by Cleveland and Ohio, James (and the town where he plays) will unfortunately own this dreaded spell and bad karma. ``Just watch.'' Olympic teammates four years ago in Beijing, James, Bosh and Wade all helped deliver gold medals while playing for the U.S. This time, the superstars will pursue another gold prize - an NBA trophy - the one Wade got in 2006, the one that James and Bosh have yet to touch. ``Winning is a huge thing for me,'' said James, who left more than $30 million on the table by not signing with Cleveland. It's a huge victory for the Heat, which got Wade and Bosh, a five-time All-Star with the Toronto Raptors, to agree to take less money on Wednesday so James could join them. Heat president Pat Riley was able to corral the top three stars in an unprecedented free-agent class. So while Miami is building a dynasty, Cleveland is devastated. In a city scorned for generations by some of sports' biggest letdowns, James' long-awaited words that he is leaving represented a defeat perhaps unlike any other. ``The Decision,'' the name of the prime-time, hour-long special James and his team of advisers brokered with ESPN, now joins ``The Drive,'' ``The Shot,'' ``The Fumble,'' and ``The Move'' in Cleveland's sports hall of shame. Cleveland fans, so accustomed to disappointment, have been let down again - this time, by one of their owns sons. Not long after James' decision was announced, one of his jerseys was shown being burned in the city's streets. ``I can't get involved in that,'' James said. ``I wanted to do what was best for LeBron James ... At the end of the day, I feel awful. I feel even worse that I wasn't able to bring an NBA championship to that city. I never wanted to leave Cleveland. My heart will always be around that area. But I also felt like this is the greatest challenge for me, is to move on.'' James' decision ends nearly two years of posturing and positioning by teams hoping to add the 6-foot-8, 260-pound physical force of nature to their roster. He famously announced at New York's Madison Square Garden in November of 2008 that ``July 1, 2010, is going to be a big day.'' He wasn't kidding. When the clock struck 12:01 a.m. last Thursday, a free-agent frenzy unlike any before it - in any professional sport - got under way with the enough speculation, rumor and second-by-second intrigue to last a lifetime. March may be madness, but this was a year's drama crammed into eight days. James, Wade and Bosh were wined and dined by suitors who spared no expense to make them feel special. It was billionaires chasing millionaires, and depending on your view, it was either a shining moment for the NBA or a travesty. Commissioner David Stern probably didn't mind any of it. The league stayed front and center in newspapers, on the Internet and in the blogosphere, leaving the World Cup, Wimbledon, Major League Baseball and other goings on fighting for scraps. Last week, the Heat, Cavaliers, New Jersey Nets, New York Knicks, Los Angeles Clippers and Chicago Bulls converged on Cleveland to make their sales pitch to the league's most wanted man. The Cavs only had to drive across town to meet with in the business offices of the local superstar, who grew up in a single-parent home in the Akron projects and has known no other pro basketball home. The Cavs appealed to James' loyalty, his Buckeye roots and the fact that this is where he is raising his two young sons, to keep him. They hired Byron Scott as their new coach last week. None of it worked. ``We believe in this team, this organization, this community, and what we will do to compete at the highest level,'' Cavs general manager Chris Grant said in a statement that did not mention James. ``We believe in the new coach and leader we have in Byron Scott, and the world class basketball organization and positive and strong culture we've established.'' New York devoted two years to trying to snare James. ``We are disappointed that LeBron James did not pick the New York Knicks, but we respect his decision,'' Knicks president Donnie Walsh said. New Jersey couldn't land him despite having rapper Jay-Z, a good friend of James, as a part owner. ``We have a vision of a championship team and need to invest wisely and for the long term,'' Nets billionaire owner Mikhail Prokhorov said. ``Fortunately, we have more than one plan to reach success, and, as I have found in all areas of my business, that is key to achieving it.'' And Bulls general manager Gar Forman said he was convinced his organization ``made the strongest of bids to acquire LeBron James during this free agency period.'' Wade has shared the spotlight in the Heat locker room before, doing so when O'Neal was there for the 2006 title run. James said that if not for Wade being willing to make this megadeal happen, the trio wouldn't be together. ``D-Wade, he's the unselfish guy here,'' James said. ``To be able to have Chris Bosh and LeBron James, to welcome us to his team, it's not about an individual here. ``It's about a team.''Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
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What Is the Point Spread?
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 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.
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
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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