Company sues Marlins based on auction bid
Baseball Betting Lines
02/22/2012 - Ft. Lauderdale, FL (Sportsbook Betting Lines) - The Miami Marlins are being sued for damages by a corporation that says it won a bid to buy the team at an auction more than four years ago.
In a complaint filed in the 17th Judicial Circuit Court of Florida, Omeranz & Landsma Corporation seeks judgement against the Major League Baseball team "for damages and for such other and further relief" as the court sees fit.
The filing claims Marlins president David Samson, serving as auctioneer at an event on February 8, 2008, put the team up for auction and opened the bidding at $10 million.
According to the complaint, Omeranz & Landsman placed the only bid and Samson accepted the $10 million offer for the then-Florida Marlins.
"As a result, a binding contract was created," the complaint says.
Omeranz & Landsman argue the Marlins violated terms of the bidding contract by not completing the sale.
An email to a Marlins spokesman was not immediately returned Wednesday afternoon.
Raleigh, NC (Sportsbook Betting Lines) - The Carolina Hurricanes agreed to terms with forward Tuomo Ruutu on a four-year contract extension on Wednesday. "Players like Tuomo are extremely difficult to replace, and it is very important for
<< This Week in Auto Racing February 23 - 26
Philadelphia, PA (Sportsbook Betting Lines) - Get ready for what is expected to be a
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Sunday's Daytona 500.
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<< Royal Delta set for Sabin
Hallandale Beach, FL (Sportsbook Betting Lines) - Champion filly Royal Delta is ready to
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<< Report: Temple in talks to join Big East
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Philadelphia, PA (Sportsbook Betting Lines) - Series: NASCAR Sprint Cup. Date: Thursday, February 23. Race: Gatorade Duel twin-qualifying races. Site: Daytona International Speedway. Track: 2.5-mile tri-oval. Start time: 2:00 p.m. (et). Laps: 60 (each ra
Pack 'em in for the Daytona 500 >>
Philadelphia, PA (Sportsbook Betting Lines) - Series: NASCAR Sprint Cup. Date: Sunday,
February 26. Race: Daytona 500. Site: Daytona International Speedway. Track:
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Basel leaves it late to shock Bayern >>
Basel, Switzerland (Sportsbook Betting Lines) - Basel continued its impressive Champions
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SPORTS BETTING
NFL Football Betting OnlineIn 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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