Earnhardt Jr. contributes $1M to Victory Junction camp

Autoracing Betting Lines

03/01/2010 - Randleman, NC (Sportsbook Betting Lines) - NASCAR's most popular driver, Dale Earnhardt Jr., announced on Monday he is donating $1 million to build and maintain The Dale Jr. Corral and Amphitheater at Victory Junction -- a camp for children with serious illnesses.

Earnhardt Jr. revealed his contribution during the camp's kickoff of its "Keeping the Dream Alive" campaign. He plans to be at the camp on March 27 when groundbreaking begins on the project.

"There are many reasons why we wanted to get involved with Victory Junction and build this amphitheater, and it starts with the tremendous impact the camp has on these kids," Earnhardt Jr. said.

The camp was founded by former NASCAR driver Kyle Petty and his wife, Pattie, in honor of their son, Adam, who was killed during a Nationwide Series practice session in 2000 at New Hampshire Motor Speedway.

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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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