Browns make it official with McCoy

Football Betting Lines

07/23/2010 - Berea, OH (Sportsbook Betting Lines) - The Cleveland Browns made it official on Friday and signed quarterback Colt McCoy to a multi-year contract.

Terms of the deal for the former University of Texas star were not disclosed, but the Cleveland Plain Dealer reported it to be a four-year pact worth $4.96 million with a signing bonus of $751,000.

McCoy was selected with the 85th overall pick of the 2010 draft after a stellar career at Texas. He was a First-Team All-America in his senior season of 2009, won the Maxwell Award as the nation's top player and set an NCAA record as the winningest quarterback with 45 career victories.

In 53 career starts, McCoy threw for 13,253 yards and 112 touchdowns with 45 interceptions. He also ran for 20 touchdowns and racked up 1,571 rushing yards.

The Browns also signed offensive lineman Shawn Lauvao to a multi-year deal. The Arizona State product was chosen with the 92nd overall pick.

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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

Note: Monday night game will be picked Monday. Lines used are from football betting odds .
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