Preds ownership completes Del Biaggio buyout

Hockey Betting Lines

09/02/2010 - Nashville, TN (Sportsbook Betting Lines) - Nashville Predators chairman Tom Cigarran announced on Thursday that the current ownership group has completed the purchase of remaining ownership shares from jailed former investor William "Boots" Del Biaggio and the former Forecheck Investments.

Back in July, the Preds' ownership began the process to strengthen its hold on the franchise, after agreeing to acquire the remaining ownership shares from the disgraced Del Biaggio -- who had owned an 83 percent stake in Forecheck.

According to the terms of the agreement at that time, the current ownership group was to purchase Del Biaggio's $25 million ownership stake for $15.2 million, and also agreed to withdraw its damage claims against Del Biaggio's estate.

Approval of the transaction by the National Hockey League and the Metro Nashville Sports Authority means that the current owners, which include Cigarran, now hold an overwhelming majority of shares in the club.

"This is a significant step for the Predators franchise on several levels," Cigarran said. "First and foremost, it strengthens our franchise's financial position and eliminates a significant future liability. In doing so, it closes the book on a distraction and allows the Predators and fans to move forward, focusing on what matters most -- putting the best possible team on the ice and creating the best possible in-arena atmosphere and entertainment experience.

"Also, while the franchise was initially known as Nashville's team because it was created here in the Music City, this transaction reinforces that theme as more than 95 percent of the ownership shares are now held by local residents."

Del Biaggio was sentenced to eight years in federal prison last September after being convicted of bilking banks as well as the owners of two NHL franchises out of more than $100 million dollars and forging documents to acquire the loans to purchase a controlling interest in the Predators.

The Predators will begin their 12th NHL season in the re-christened Bridgestone Arena on October 9.

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Eastern Conference Playoff Betting Trends

We all know by now that the “public” loves to put their money on the FAVORITES and the OVERS.  Just by taking a quick glance at Sportsbook.com’s “Betting Trends” it appears as is this tendency will continue as far as the Eastern Conference games are concerned.  For the inaugural games of the first round, 69% of the early money is on Toronto -4.5; 59% of bettors prefer Chicago -4.5; 84% are backing Detroit -9; and 56% think Cleveland -11.5 is the way to go.  As far as TOTALS are concerned, the only UNDER the “public” is backing is the Cleveland/ Washington game in which 83% are pounding the UNDER (190).  Remember, there is no better way to predict a possible line change than by monitoring MySportsbook.com’s “Betting Trends”.   By determining who the “public” is backing, you can get the most ideal line for your bet.  For example, if you are siding with the public you better place your bet before the line moves in the wrong direction.  On the other side of the coin, if you prefer the team that the “public” is betting against; you might be able to get and extra ½ or even more by placing your bet a bit later.  Under the “Betting Trends” section, Sportsbook.com also provides plenty of statistical data and trends in order for the bettor to make the most informed pick.  Below are some extremely important trends for the first round opponents of the Eastern Conference match-ups, more can be found at MySportsbook.com

New Jersey Nets vs. Toronto Raptors

Toronto was the most reliable covering team this season with a 48-33-1 ATS record but covered the OVER only 41.5% of the time.
The last 20 times these teams have played, the TOTAL has gone UNDER 16 times.
Versus Eastern Conference teams, Toronto is 33-19 ATS including 17-9 at home.
 New Jersey has covered four games in a row while Toronto has failed to cover their last four games.
When playing a team with a winning record during the second half of the season, New Jersey was just 5-13 ATS this season.
After scoring 105 points or more, Toronto has covered the OVER only 28% of the time this season. 
 
Miami Heat @ Chicago Bulls

Miami has failed to cover their last 7 games whereas Chicago has covered 6 out of their last 8 games.
Miami has covered the UNDER in four of their last five games whereas Chicago has covered the UNDER in five out of their last six.
When playing on Saturdays, Miami covered 80% of their games this season.
Away from home, Chicago is just 16-25 ATS this season.
At home, Miami covered the UNDER about 66% of the time whereas Chicago covered the UNDER about 61% of the time.
The last 13 times these teams have played each other, Chicago has covered 9 times.
In Miami’s last 11 road games, the UNDER covered 9 times. 
 
Orlando Magic @ Detroit Pistons

Detroit has covered 5 out of their last 6 games.
Away from home, Detroit is 28-13 ATS but just 14-26-1 ATS at home.
At home, Orlando covered the UNDER 64% of the time while Detroit covered the UNDER in 63% of their away games.
The last five times these teams have played in Detroit, the OVER covered each time.
Versus Eastern Conference teams, Detroit is 8-17-1 ATS at home but 17-9 ATS away.
Detroit covered the spread 5 out of the last 6 times they played Orlando.
After a Division game, Orlando covered the UNDER 87% of the time this season. 
 
Washington Wizards @ Cleveland Cavaliers

In a home game where the TOTAL is between 190 and 194.5 points, Cleveland is 9-1 ATS this season.
Washington has covered the UNDER in their last 6 games and in 8 of their last 9 games.
The last 6 times these teams have played each other, the UNDER covered each time.
When playing on 3 or more days of rest, Washington is just 18-37 ATS since 1996.
Since 1996, Washington is 28-16 ATS versus Cleveland including 11-5 over the last 3 seasons.
In their last 7 road games, Washington is 6-1 ATS.
Versus Eastern Conference teams at home, Washington is just 6-18-2 ATS. 
 
For even more betting trends for not just the NBA but for all of the major sports, log on to Sportsbook.com and click on “Trends”.  With only two months left in the NBA betting season it is important to be as well informed as possible in order to maximize your profit.  Also for all of you poker players, check out MySportsbook.com’s “WSOP Low Bid Auction”. You could be on your way to Vegas to play against the world’s best poker players for under a buck.

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