Sharks make it official with Niemi

Hockey Betting Lines

09/02/2010 - San Jose, CA (Sportsbook Betting Lines) - The San Jose Sharks officially added former Chicago netminder Antti Niemi on Thursday, signing him to a one-year deal.

While financial terms were undisclosed, earlier reports indicated it is for $2 million.

The cash-strapped Stanley Cup champion Blackhawks let Niemi walk rather than pay an arbitrator's decision to award the Finn a reported $2.75 million contract for the 2010-11 season.

In an unusual aftermath, the 27-year-old Niemi became an unrestricted free agent less than three months after leading the 'Hawks to their first Stanley Cup since 1961.

He split time during the regular season with Cristobal Huet and was 26-7-4 with a 2.25 goals-against average, seven shutouts and a .912 save percentage -- then went 16-6 with a 2.63 GAA and two shutouts in the playoffs.

The Sharks, meanwhile, needed insurance against the loss of veteran Evgeni Nabokov, who signed to play in Russia. San Jose signed fellow Finn Antero Niittymaki to a two-year contract in July and holdover Thomas Greiss is also in the mix.

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What Is the Point Spread?

What are Sports Betting Point Spreads?

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:

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