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07/20/2010 - Philadelphia, PA (Sportsbook Betting Lines) - Tampa Bay Lightning general manager Steve Yzerman brought a copious amount of credibility to the organization when he was hired in May.
Less than two months later, he has also brought in a mass of talent that has the Lightning thinking big for 2010-11.
New Tampa Bay owner Jeff Vinik knew what he was getting when he hired "The Captain" on May 25: a four-time Stanley Cup champion with Detroit (three times as a player) who already had established success building teams on a national level. Yzerman served as Canada's general manager for the IIHF World Championships, winning gold in 2007 and a silver the following year before reaching the top of the mountain this past winter.
As executive director, Yzerman put together a Team Canada that won gold at the 2010 Winter Olympic Games in Vancouver with a thrilling overtime victory over the United States, leading to his exit as Detroit's team vice president and into his current role with Tampa Bay.
What Yzerman has done in his short time with the Lightning is nothing short of astounding. Taking over a team that finished tied for the fewest points in the NHL in 2007-08 and eight points out of a playoff spot last year, Yzerman has turned his franchise into a club that has enough talent to end a three-season playoff drought and maybe even challenge the powerhouse Washington Capitals for bragging rights in the Southeast Division.
Even with all of the moves Yzerman has made since becoming GM, his best might have come on Monday when the Lightning pulled the trigger on a trade with the Flyers that brought two-time 40-goal scorer Simon Gagne into the mix for a defenseman (Matt Walker) that isn't even likely to crack Philadelphia's NHL roster, along with a 2011 fourth-round pick.
Yes, Gagne does come with some injury risk. The 30-year-old missed the start of last season due to abdominal surgery and also suffered a broken foot in the playoffs, though he returned early from that ailment. He has also battled groin and concussion issues in the past, but still owns 259 goals in his career and is a free agent at season's end.
In short, Gagne is a low-risk, high-payoff addition and Yzerman was able to pounce on the forward for such a low price because he knew the Flyers had to move salary to get under the cap.
"This trade not only makes us a better team in the short-term, it helps create long-term flexibility for us, which all along has been one of our top priorities," said Yzerman.
Also factor in that Gagne had to waive his no-trade clause to make the deal happen, and it shows that Yzerman has made Tampa, nowhere close to a hockey town, into an attractive place for players.
There isn't a single aspect of the Lightning's game that hasn't already been touched by Yzerman. Most importantly, he has done so while displaying a keen sense of how to work with the salary cap, an area many NHL general managers have struggled with since its inception following the lockout.
With a solid core of Vincent Lecavalier, Ryan Malone, Steven Stamkos and Victor Hedman, Yzerman earlier locked up veteran and locker room leader Martin St. Louis to a four-year extension, and offset the cost of that new deal by shipping defenseman Andrej Meszaros' reported $4 million cap hit to the Flyers for a 2012 second-round pick.
And that was just the start.
When free agency began, the Lightning inked Dan Ellis, a former promising goaltender with the Predators who lost his starting job last year despite a solid 2.69 goals-against average and .909 save percentage. The best part is Ellis' deal -- a two-year, $3 million pact, which isn't bad for a player who could overtake Mike Smith for the starting role.
Then came the defense. Pavel Kubina, who won a championship with the Lightning in 2004, was brought back to add size and a point shot to the power play, while veteran Brett Clark was added to help mentor the young blueliners.
"I talked to Steve ... and I was very impressed with the direction he's going in with the team," Kubina said after signing with the club. "I always wanted to come home. Other than Czech, Tampa Bay is my second home. I still have my house there and even though I had other offers on the table, I couldn't pass this up."
A 2009 Hall of Fame inductee, Yzerman has wasted little time in transforming the Lightning into contenders, using a number of shrewd moves that would make a fantasy sports owner jealous.
His next task, and maybe the most difficult, is making the fans in Tampa care.
Winning will take care of that.
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Ten years ago, at just about this time, I called Alan Boston in Vegas and left him a voicemail that went something like this (abridged version): "Hey Alan, Chad Millman from ESPN The Magazine calling. I want to do a book about wise guys, you in?"
A couple weeks later I got a message back (abridged version): "I don't know, maybe," Boston said. "Call me and we'll talk about it. But not later today. I got $1,000 on Andre Agassi to win the French Open at 40-1, and he's in the finals."
Here's what happened next (abridged version): Agassi won his tourney. Boston won his $40,000. I wrote sportsbook.
In the ten years since, how much has been wagered on the big-time tennis events? Put it this way: The Nevada Gaming Commission doesn't even track the number year by year because it's so small.
"Tennis makes up about one-tenth of one percent of our take," says Lucky's bookmaking boss Jimmy Vaccaro. "The last big golf major we probably had $100,000 worth of bets. In tennis, we might have written two big tickets."
Tennis' lack of popularity amongst the American bettoratti is no surprise, really. For starters, the biggest sports betting holidays -- the Super Bowl, the NCAA tourney -- are must see TV. People, at least the degenerates I know, plan vacations around watching those events in Vegas sports books.
But Wimbledon? Doesn't exactly reel in the whales. "Seriously, it's the nuts as an event," says Boston. "But who even knows when it's on?"
Here's another reason that helps explain why golf gets traction, something I call "The Bubbe Theory." My Bubbe is pushing 95 and has cataracts so bad that, to her, even the most crystalline Chicago day is mostly cloudy. But she still listens to the Cubs games, and she still calls me in a fit if she disagrees with something Rick Telander writes in the Chicago Sun Times. She's a sports fan. If she doesn't know you, you're just filling a niche. And niche players, even historically good ones like Roger and Raf, don't drive betting volume. Only the highest profile names attract square money, which inflates wagering totals like a shot of saline to the lips. Bubbe, and the public, loved Agassi, tennis' last cross-the-rubicon, mainstream draw. She also has a crush on Tiger. She's given me standing orders to put a sawbuck on the big cat whenever I walk through a sports book (or mistakenly tap into one via my Internet machine.) That explains why the Masters is getting $100K in action at some books while the four tennis majors might not get that combined this year.
This isn't a case of tennis being a difficult sport to bet. In fact, in Europe, it's probably the second most popular sport for gambling after soccer. Granted, as the WSJ football betting last week and The Mag's Shaun Assael examined in even greater depth last year, that might be because gamblers across the pond see it as an easy game to fix. But it could also be because, over there it holds the kind of sway the big two do over here.
Street corners in Spain are peppered with public courts and kids doing their best Raffy impressions. In some war torn parts of Eastern Europe poverty-stricken kids view tennis as an escape route, like football or basketball here. A couple years ago The Mag's Lindsay Berra wrote a great piece about Belgrade's Jelena Jankovic, Ana Ivanovic and Novak Djokovic. They learned the game as kids while bombs were raining down on their homeland. They practiced in drained swimming pools. Not exactly Nick Bolletierri conditions.
In the United States, casual fans think tennis is played four times a year. But on the tightly packed European continent, national interest in homegrown talent runs deep every weekend. Of the ATP's current top 20 players, only two, tennis betting and James Blake, are American. Fourteen are from Europe, representing six different countries.
No wonder fans from Lisbon to Bhudapest get jacked up for the net game, whether it's Wimbledon or a low-level tourney like the Estoril Open in Portugal (congrats to Spain's Albert Montanes for winning that one, btw). Chances are good that someone representing their flag will not only be playing, but have a shot at winning.
And that's all any bettor can ask for.
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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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