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Football Point Spreads Invented During the football season, millions of dollars are bet legally and illegally every weekend on college and pro games. This is largely due to the system of point spreads. The invention of this new form of wagering occurred in the 1930s and is generally credited to Charlie McNeil, a Chicago stockbroker. Before the advent of point spreads, few people bet on football. Because most games had predictable outcomes and wagers could only be placed on outright wins, few gamblers bothered. (Why bet on a 15-1 longshot that wasn't likely to win?) Bookies were also reluctant to accept bets on overwhelming favorites or risk huge losses on upsets. McNeil's point spread system made football betting much more attractive by statistically levelling the playing field. Now favorites had to win by certain amounts for bettors to win. It also guaranteed a more equitable distribution of bets on each team, pleasing bookies and legal gaming establishments who make their profits largely on commissions.
Tags: football  point  spreads  gambling 
Added: 27th October 2009
Views: 1234
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Posted By: Lava1964
Nintendo Power Glove Tags: Nintendo  Power  Glove  Video  game  mario  controller  gaming 
Added: 27th March 2015
Views: 828
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Posted By: BigBoy Bob

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