Report: Cavs ink Kyle Lowry to offer sheet

Basketball Betting Lines

07/14/2010 - Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Cavaliers have reportedly made their first move of the post-LeBron James era, signing restricted free-agent guard Kyle Lowry to an offer sheet.

The Cleveland Plain Dealer is citing multiple league sources on the signing, reported to be for three years with a team option for a fourth that could bump the deal's value to $24 million.

Lowry averaged 9.1 points, 4.5 assists and 3.6 rebounds over 68 games last season for the Houston Rockets, who will have seven days to match Cleveland's offer.

The 24-year-old was originally selected by Memphis with the 24th overall pick in the 2006 draft out of Villanova. He was part of a three-team trade during the 2008-09 season that landed him in Houston.

In 237 career games between the two teams, including 30 starts, Lowry has posted averages of 8.7 points, 3.8 assists and 3.0 rebounds while seeing time in 23.6 minutes per contest.

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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.

Stay with us here as we take you through the best in NFL action on a consistent basis, with advice columns as well as handicapping selections. If you're looking for college football betting, that's in our NCAA section, which you can reach by clicking here. And if you're looking for a different kind of football, such as the Canadian Football League, which we'll deal with occasionally, or the Arena Football League, which we really like, you can find it in our Miscellaneous section by clicking

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