K-State signs Martin to contract extension

NCAA Basketball Betting Lines

03/07/2010 - Manhattan, KS (Sportsbook Betting Lines) - Kansas State signed head men's basketball coach Frank Martin to a three-year extension on Sunday.

Martin, who had two years remaining on his original deal, is signed through the 2014-15 season.

"Coach Martin is a tremendous fit for Kansas State," said school athletic director John Currie. "With this contract in place, Coach Martin has made a long-term commitment to K-State and K-State has made a long-term commitment to him. We are confident that under his leadership K-State basketball will continue to elevate its national presence."

Martin's new deal will pay a base salary of $1.2 million for 2010-11, and will increase yearly to $1.6 million in 2014-15.

The 43-year-old Martin was named the Big 12 coach of the year after guiding the Wildcats to a 24-6 record this season, including an 11-5 mark in conference play. K-State also clinched the No. 2 seed in the Big 12 tournament.

"I told John (Currie) from day one that I want to be the guy that grows old with you here," Martin said. "I told him that I did not want him to offer me a contract because it is in vogue. I want to do it because you believe in me."

Martin was named head coach at K-State in the summer of 2007, when Bob Huggins left after just one season in Manhattan to take over at West Virginia.

He has posted a 67-30 record in his three years at the helm.

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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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