New York fillies stakes gain sponsor

Horseracing Betting Lines

05/27/2010 - Elmont, NY (Sportsbook Betting Lines) - The NYRA stakes series, known as the Triple Tiara, for three-year-old fillies has gained the sponsorship of Betfair TVG. The series is comprised of the Acorn Stakes, Coaching Club American Oaks, and Alabama Stakes.

"We're thrilled to announce this partnership with Betfair TVG," said NYRA President and CEO Charles Hayward. "It is a cutting edge, innovative company that has enjoyed tremendous success on both the national and international stage. The Betfair TVG Triple Tiara will add a lot of excitement to what should be a sensational spring and summer of racing in New York."

The one-mile Acorn Stakes will be held on Belmont Stakes Day, June 5. The second jewel will be the 1 1/8-mile Coaching Club American Oaks on Saturday, July 24 at Saratoga Race Course. Previously run at Belmont Park, the Oaks will have its 93rd running this year.

The Triple Tiara will conclude with the 1 1/4-mile Alabama Stakes at Saratoga on Saturday, August 21. If a filly is able to win all three stakes, Betfair TVG will present her owners with a $50,000 bonus to go the charity of their choice.

"It's fitting that our first major sponsorship in New York should be for fillies races," said TVG CEO Stephen Burn. "Ten years ago Betfair's first ever betting market was on the Oaks at Epsom, when we had only 36 customers. A decade on and now with three million customers, it is thrilling to realize an ambition by being able to support races for fillies in the United States."

If a filly does not sweep the series, Betfair TVG will donate $30,000 to the chosen charity of the owners of the filly that accumulates the most points over the three races. Points will be based on a 10-5-3 system for horses finishing first, second, or third. All starters, including the first three finishers, will get an additional point. The tiebreaker will be wins, and if there is still a tie, the bonus will be evenly shared among the fillies with the most points.

At the conclusion of the three races, Betfair TVG will also donate $10,000 to The Breast Cancer Research Foundation on behalf of NYRA.

There have been just five fillies who have been able to sweep the three races, Sky Beauty (1990), Open Mind (1989), Mom's Command (1985), Shuvee (1969), and Top Flight (1932).

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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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