Jackson, Mullin, Vitale highlight Hall of Fame finalists

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02/16/2007 - Las Vegas, NV (Sportsbook Betting Lines) - Former Chicago and current Los Angeles Lakers coach Phil Jackson, former St. John's and NBA star Chris Mullin, and legendary ESPN sportscaster Dick Vitale highlight 15 Finalists for election into the Naismith Memorial Basketball Hall of Fame Class of 2007, announced Friday in Las Vegas, Nevada.

Former players Adrian Dantley and Richie Guerin; coaches Roy Williams, Eddie Sutton and Bob Hurley Sr.; owner Bill Davidson; and the 1966 Texas Western NCAA championship team.

Also, referee Mendy Rudolph, Yugoslavian coach Mirko Novosel, Spanish coach Pedro Ferrandiz and former U.S. women's basketball coaches Van Chancellor and Harley Redin received nominations.

The final selection will be voted by a 24-person committee, and 18 votes are required to enter the Hall of Fame. It will be announced on April 2 at the Final Four in Atlanta for the induction ceremonies in Springfield, Massachusetts on September 7.

Jackson has nine NBA championship with the Bulls and Lakers, tying him with Red Auerbach, and was the fastest coach to win 800 games. The North Dakota native played professionally for the Knicks and Nets.

Mullin was a five-time NBA All-Star and was named Big East Player of the Year an unprecedented three times. He won a pair of Olympic gold medals, in 1984 and 1992, and played 16 seasons in the NBA for Golden State and Indiana, averaging more than 20 points per game for six straight.

A Passaic, New Jersey native, Vitale has spent the last 20 years as ESPN's lead college basketball color announcer. After coaching at the high school (East Rutherford), collegiate (Detroit), and professional (Detroit) levels, Vitale switched over to the broadcast booth in 1979.

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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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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.

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