Broncos come to terms with Tebow

Football Betting Lines

07/29/2010 - Englewood, CO (Sportsbook Betting Lines) - The Denver Broncos agreed to terms with quarterback Tim Tebow, a first-round selection in the 2010 NFL Draft, on Thursday.

Financial terms were not disclosed, but The Denver Post reports it is a five- year deal worth between $11.5 million and $12 million, with more than $8 million guaranteed.

The contract agreement allows Tebow to join other Broncos rookies and early- reporting veterans in practice. Denver's training camp officially starts Sunday with the first full-team session.

Denver selected Tebow with the 25th overall pick in the draft after he completed a stellar collegiate career at Florida. The 2007 Heisman Trophy winner, Tebow helped the Gators win two national championships in his four years at the school.

Tebow is the only player in NCAA history to rush and pass for at least 20 touchdowns in a season, and he also holds the SEC mark for career touchdowns.

The 22-year-old helped Florida to a Sugar Bowl win over Cincinnati this past season, throwing for 2,895 yards and 21 touchdowns. He also ran for 910 yards and 14 more scores on 217 attempts.

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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

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