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06/20/2010 - Atlanta, GA (Sportsbook Betting Lines) - NASCAR pioneer Raymond Parks, who was owner of the car that won its first championship, has died at the age of 96.
Parks was the last living member of the group that formed NASCAR in 1947 in a hotel in Daytona Beach, Fla.
"The NASCAR community is saddened by the passing of Raymond Parks. Raymond was instrumental in the creation of NASCAR as a participant in the historic meeting at the Streamline Hotel in Daytona Beach. He was also our first championship owner. Raymond is a giant in the history of NASCAR and will always be remembered for his dedication to NASCAR," NASCAR chairman Brian France said in a statement.
Parks teamed with mechanic Red Vogt to produce championship-caliber equipment, and in 1948 his driver, Red Byron, won the modified championship. Then in 1949, Parks and Byron again teamed up to win the Strictly Stock -- the predecessor to today's Sprint Cup -- title.
<< Tigers demote Porcello
Detroit, MI (Sportsbook Betting Lines) - The Detroit Tigers on Sunday optioned pitcher
Rick Porcello to Triple-A Toledo.
The right-hander has made 13 starts for the Tigers this season, going 4-7 with
a 6.14 earned run average.
As a rookie in 2009
<< Bland claims Wales Seniors Open by one
Porthcawl, Wales (Sportsbook Betting Lines) - John Bland carded a one-under 71 Sunday to
earn a one-stroke win over two players at the Wales Seniors Open.
Bland finished at eight-under-par 208 and he was one shot clear of Angel
Franco (70) and C
<< Grizzlies extend GM Wallace
Memphis, TN (Sportsbook Betting Lines) - The Memphis Grizzlies have reportedly agreed on
a contract to keep Chris Wallace as their general manager and vice president
of basketball operations.
The Memphis Commercial Appeal reported that the announcem
<< New Zealand earns shocking draw with Italy
Nelspruit, South Africa (Sportsbook Betting Lines) - New Zealand pulled off one of the
most stunning results in the FIFA World Cup on Sunday at Mbombela Stadium as
it earned a 1-1 draw with defending champions Italy in Group F play.
The Kiwis wen
Johnson dominant again in Marlins win over Rays >>
Miami, FL (Sportsbook Betting Lines) - Wes Helms hit a two-run homer and Josh Johnson
tossed eight stellar innings, as the Florida Marlins earned a 4-1 decision
over the Tampa Bay Rays in the rubber match of a three-game interleague set at
Sun Lif
Boesch, Guillen help Tigers take series from D'Backs >>
Detroit, MI (Sportsbook Betting Lines) - Rookie Brennan Boesch and Carlos Guillen hit
back-to-back home runs off Arizona starter Ian Kennedy in the bottom of the
seventh inning, lifting Detroit to a 3-1 win in the rubber match of a three-
game in
Pavano goes the distance as Twins take rubber match with Phillies >>
Philadelphia, PA (Sportsbook Betting Lines) - Carl Pavano notched his second complete
game of the season and Justin Morneau finished 2-for-4 with a homer and two
runs scored as Minnesota quieted Philadelphia, 4-1, in the rubber match of a
three-g
Mariners' Jack Wilson activated from DL >>
Seattle, WA (Sportsbook Betting Lines) - The Seattle Mariners activated shortstop Jack
Wilson from the 15-day disabled list on Sunday and optioned
infielder/outfielder Matt Tuiasosopo to Triple-A Tacoma.
Wilson, who last played
In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).
If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)
In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams.
The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and online football betting thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s.
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
To visit this internet sportsbook go to MySportsbook.com for all your football betting and World Series odds.
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