Dolphins name Philbin head coach

Football Betting Lines

01/20/2012 - Davie, FL (Sportsbook Betting Lines) - The Miami Dolphins have named former Green Bay Packers offensive coordinator Joe Philbin as their new head coach.

Philbin was the offensive coordinator of the Packers from 2007-2011 and helped Green Bay's offense rank in the top 10 of the NFL in points scored and total yards every season.

"We are thrilled to have Joe Philbin join the Miami Dolphins as our head coach," stated Dolphins chairman of the board and managing general partner Stephen Ross. "Joe has all the attributes that we were looking for when we started this process. (General Manager) Jeff Ireland and I felt Joe was the right choice to bring the Dolphins back to the success we enjoyed in the past. I know I join our fans in welcoming him as the newest member of the Dolphin family."

The 50-year-old Philbin was an assistant offensive line coach (2003), tight ends/assistant offensive line coach (2004-2005) and offensive line coach (2006) with the Packers prior to being promoted to offensive coordinator.

Miami failed to land its first choice Jeff Fisher last week when he opted to become the St. Louis Rams' head coach.

The Dolphins fired Tony Sparano after a 4-9 start this season. Assistant/secondary coach Todd Bowles was promoted to interim head coach.

Philbin will be introduced at a Saturday afternoon press conference.

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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.

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