Charles K. McNeil
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Charles K. McNeil
Charles Kline McNeil (16 August 1903 – 7 April 1981) was the inventor of the point spread in sports gambling. McNeil earned a Master's Degree from the University of Chicago. He then taught math at the Riverdale Country School in New York and at the Choate School in Connecticut. His students included John F. Kennedy. He was also a securities analyst in Chicago. While gambling on the side, he developed the point spread, betting not on the probability of the final outcome, but on the expected difference in score. He eventually opened his own bookmaking operation in the 1940s. McNeil's method is used today in different areas; anything from basketball to poker. He started the new method of trading and changed the way people bet. McNeil's invention, the point spread, revolutionized sports betting by introducing a method of wagering on the margin of victory between competing teams. This system, more commonly used in football and basketball, aims to level the playing field by crea ...
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Brackets
A bracket is either of two tall fore- or back-facing punctuation marks commonly used to isolate a segment of text or data from its surroundings. Typically deployed in symmetric pairs, an individual bracket may be identified as a 'left' or 'right' bracket or, alternatively, an "opening bracket" or "closing bracket", respectively, depending on the Writing system#Directionality, directionality of the context. Specific forms of the mark include parentheses (also called "rounded brackets"), square brackets, curly brackets (also called 'braces'), and angle brackets (also called 'chevrons'), as well as various less common pairs of symbols. As well as signifying the overall class of punctuation, the word "bracket" is commonly used to refer to a specific form of bracket, which varies from region to region. In most English-speaking countries, an unqualified word "bracket" refers to the parenthesis (round bracket); in the United States, the square bracket. Glossary of mathematical sym ...
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Spread Betting
Spread betting is any of various types of wagering on the outcome (game theory), outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting, fixed-odds (or money-line) betting or parimutuel betting. A point spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. Financial spread betting (see below) can carry a high level of risk if there is no "stop". In the United Kingdom, UK, financial spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission who regulate spread betting on sports. Purpose The general purpose of spread betting is to create an active Market (economics), market for both sides of a binary Scientific wager, wager, even if the outcome of an event may appear ''prima facie ...
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Sports Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and cockfighting. It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks ar ...
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Sports Illustrated
''Sports Illustrated'' (''SI'') is an American sports magazine first published in August 1954. Founded by Stuart Scheftel, it was the first magazine with circulation over one million to win the National Magazine Award for General Excellence twice. It is also known for its annual swimsuit issue, which has been published since 1964, and has spawned other complementary media works and products. Owned until 2018 by Time Inc., it was sold to Authentic Brands Group (ABG) following the sale of Time Inc. to Meredith Corporation. The Arena Group (formerly theMaven, Inc.) was subsequently awarded a 10-year license to operate the ''Sports Illustrated''-branded editorial operations, while ABG licenses the brand for other non-editorial ventures and products. History Establishment There were two magazines named ''Sports Illustrated'' before the current magazine was launched on August 9, 1954. In 1936, Stuart Scheftel created ''Sports Illustrated'' with a target market of sportsmen. He publis ...
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University Of Chicago
The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the best universities in the world and it is among the most selective in the United States. The university is composed of an undergraduate college and five graduate research divisions, which contain all of the university's graduate programs and interdisciplinary committees. Chicago has eight professional schools: the Law School, the Booth School of Business, the Pritzker School of Medicine, the Crown Family School of Social Work, Policy, and Practice, the Harris School of Public Policy, the Divinity School, the Graham School of Continuing Liberal and Professional Studies, and the Pritzker School of Molecular Engineering. The university has additional campuses and centers in London, Paris, Beijing, Delhi, and Hong Kong, as well as in downtown ...
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Riverdale Country School
Riverdale Country School is a co-educational, independent, college-preparatory day school in New York City serving pre-kindergarten through twelfth grade. It is located on two campuses covering more than in the Riverdale section of the Bronx, New York, United States. Started as a school for boys, Riverdale Country School became fully coeducational in 1972. It currently serves 1,140 students. According to Niche's 2023 Private School Rankings, Riverdale is ranked the 2nd best private high school in New York City and the 3rd best private K-12 school in the United States. History Founded in 1907 by Frank Sutliff Hackett (1878–1952) and his first wife, Francis Dean (Allen) Hackett, Riverdale Country School is one of the oldest country day schools in the United States. Originally known as the Riverdale School for Boys, it began with 12 students and four teachers and promised scholarly, intimate teaching amid abundant recreational space. Describing his school as "an American experi ...
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Choate School
Choate Rosemary Hall (often known as Choate; ) is a private, co-educational, college-preparatory boarding school in Wallingford, Connecticut, United States. Choate is currently ranked as the second best boarding school and third best private high school in America. Founded in 1890, it took its present name and began a co-educational system with the 1971 merger of The Choate School for boys and Rosemary Hall for girls. It is part of the Eight Schools Association and the Ten Schools Admissions Organization. Its alumni include many members of the American political elite. History Early years The schools that would eventually become Choate Rosemary Hall were begun by members of two prominent New England families, the Choates and Atwaters. Rosemary Hall was founded in 1890 by Mary Atwater Choate at Rosemary Farm in Wallingford, her girlhood home and the summer residence of her and her husband, William Gardner Choate. Mary, an alumna of Miss Porter's School, was the great-grandda ...
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John F
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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Basketball
Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a rectangular Basketball court, court, compete with the primary objective of #Shooting, shooting a basketball (ball), basketball (approximately in diameter) through the defender's hoop (a basket in diameter mounted high to a Backboard (basketball), backboard at each end of the court, while preventing the opposing team from shooting through their own hoop. A Field goal (basketball), field goal is worth two points, unless made from behind the 3 point line, three-point line, when it is worth three. After a foul, timed play stops and the player fouled or designated to shoot a technical foul is given one, two or three one-point free throws. The team with the most points at the end of the game wins, but if regulation play expires with the score tied, an additional period of play (Overtime (sports), overtime) is mandated. Players advance the ball by bouncing it while walking ...
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Poker
Poker is a family of comparing card games in which players wager over which hand is best according to that specific game's rules. It is played worldwide, however in some places the rules may vary. While the earliest known form of the game was played with just 20 cards, today it is usually played with a standard deck, although in countries where short packs are common, it may be played with 32, 40 or 48 cards.Parlett (2008), pp. 568–570. Thus poker games vary in deck configuration, the number of cards in play, the number dealt face up or face down, and the number shared by all players, but all have rules that involve one or more rounds of betting. In most modern poker games, the first round of betting begins with one or more of the players making some form of a forced bet (the '' blind'' or ''ante''). In standard poker, each player bets according to the rank they believe their hand is worth as compared to the other players. The action then proceeds clockwise as each play ...
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Handicapping
Handicapping, in sport and games, is the practice of assigning advantage through scoring compensation or other advantage given to different contestants to equalize the chances of winning. The word also applies to the various methods by which the advantage is calculated. In principle, a more experienced participant is disadvantaged, or a less experienced or capable participant is advantaged, in order to make it possible for the less experienced participant to win whilst maintaining fairness. Handicapping is used in scoring many games and competitive sports, including go, shogi, chess, croquet, golf, bowling, polo, basketball, and track and field events. Handicap races are common in clubs which encourage all levels of participants, such as swimming or in cycling clubs and sailing clubs, or which allow participants with a variety of standards of equipment. Often races, contests or tournaments where this practice is competitively employed are known as ''Handicaps''. Handicappi ...
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Underdog
An underdog is a person or group in a competition, usually in sports and creative works, who is largely expected to lose. The party, team, or individual expected to win is called the favorite or top dog. In the case where an underdog wins, the outcome is an upset. An "underdog bet" is a bet on the underdog or outsider for which the odds are generally higher. The first recorded uses of the term occurred in the second half of the 19th century; its first meaning was "the beaten dog in a fight". In British and American culture, underdogs are highly regarded. This harkens to core Judeo-Christian stories, such as that of David and Goliath, and also ancient British legends such as Robin Hood and King Arthur, and reflects the ideal behind the American dream, where someone who is poor and/or weak can use hard work to achieve victory. Underdogs are most valorized in sporting culture, both in real events, such as the Miracle on Ice, and in popular culture depictions of sports, where the ...
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