Kovalchuk heading back to New Jersey

Hockey Betting Lines

07/19/2010 - Newark, NJ (Sportsbook Betting Lines) - Ilya Kovalchuk is heading back to New Jersey and will re-sign with the Devils.

According to the team's website, the Devils will hold a Tuesday afternoon press conference at the Prudential Center to make it official.

The Devils and the Los Angeles Kings were Kovalchuk's two main pursuers since the free agent signing period began July 1. Terms of the deal for the left wing have been reported as about $60 million over seven years.

Kovalchuk played 27 games last season for the Devils after being acquired from Atlanta in a February 4 trade. He turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.

Selected with the first overall pick of the 2001 draft, Kovalchuk twice reached 52 goals with Atlanta and last season combined to score 41 goals in 76 games. He compiled 10 goals and 17 assists in 27 games for New Jersey, then added two goals and four assists in five playoff games as the Devils were beaten by Philadelphia in the first round.

The 27-year-old Russian native has 338 goals and 304 assists for 642 points in 621 regular-season games. He is Atlanta's all-time leader in virtually every offensive category.

It's been a busy offseason for the Devils, as the club named John MacLean its new head coach and signed defensemen Henrik Tallinder and Anton Volchenkov. New Jersey also re-acquired center Jason Arnott, who scored a double-overtime goal in the clinching Game 6 of the 2000 Stanley Cup Finals against Dallas, in a trade with Nashville.

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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.

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