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12/08/2011 - Indianapolis, IN (Sportsbook Betting Lines) - The IZOD IndyCar Series will not compete at Las Vegas Motor Speedway next season, the sanctioning body for the series revealed on Thursday.
IndyCar's announcement comes nearly seven weeks after a horrific 15-car accident in the early going of the season-ending race at Las Vegas claimed the life of Dan Wheldon, a two-time Indianapolis 500 winner and former series champion. Wheldon's car went airborne into the catch fence along turn two before it erupted into flames during the lap 11 incident. The 33-year-old Englishman died of blunt head trauma.
The series was scheduled to run its season-finale at Las Vegas again on October 14, 2012, but IndyCar and track officials have said considerable testing with the new Indy car is needed prior to returning to the 1.5-mile oval. Wheldon had been testing the new Dallara chassis prior to his fatal crash.
"We feel we need to give our technical team ample time to conduct thorough testing at Las Vegas Motor Speedway, once we complete our ongoing investigation into the 15-car accident during the Oct. 16 race at the track," IndyCar CEO Randy Bernard said in a statement.
IndyCar noted in its news release the complete 2012 schedule will be announced in the coming weeks. The season-opener is slated for March 25 at St. Petersburg, FL.
<< Griffin III wins O'Brien Award
Orlando, FL (Sportsbook Betting Lines) - Baylor junior quarterback Robert Griffin III
captured the Davey O'Brien Award, given to the nation's top quarterback.
Griffin beat out finalists Andrew Luck of Stanford and Case Keenum of Houston.
He is the
<< No. 9 UConn hands No. 25 Harvard its first loss
Storrs, CT (Sportsbook Betting Lines) - Jeremy Lamb scored 18 points and grabbed seven
rebounds, and No. 9 Connecticut used its superior athleticism to hand 25th-
ranked Harvard its first loss, 67-53.
Ranked for the first time in school histor
<< Lehigh WR Spadola suspended vs. North Dakota State
Bethlehem, PA (Sportsbook Betting Lines) - Lehigh University wide receiver Ryan Spadola
has been suspended for Saturday's Football Championship Subdivision
quarterfinal at North Dakota State.
Spadola, the Mountain Hawks' leading receive
<< Mathies lifts No. 10 Kentucky past No. 6 Duke
Lexington, KY (Sportsbook Betting Lines) - A'dia Mathies made four three-pointers and
scored 23 points as No. 10 Kentucky defeated No. 6 Duke, 72-65, on Thursday at
Rupp Arena.
Bria Goss chipped in 19 points for Kentucky (9-0), which has won eight
Blackmon receives Biletnikoff Award again >>
Orlando, FL (Sportsbook Betting Lines) - Oklahoma State junior wide receiver Justin
Blackmon has won the Biletnikoff Award, presented to the top wide receiver
in the nation, for the second straight year.
Blackmon posted 113 receptions for 1
Report: Paul to Lakers off the table >>
Los Angeles, CA (Sportsbook Betting Lines) - The Los Angeles Lakers nearly landed
All-Star point guard Chris Paul in a three-way deal, but a report says the
trade has been blocked by NBA commissioner David Stern.
Yahoo! Sports first repor
Bryzgalov solid as Flyers edge Pens >>
Philadelphia, PA (Sportsbook Betting Lines) - Ilya Bryzgalov made 13 of his 25 saves in
the third period, backstopping the Philadelphia Flyers to a 3-2 win over the
Pittsburgh Penguins at the Wells Fargo Center.
Danny Briere, Wayne Simmonds and
Devils storm back to take down Sens in shootout >>
Newark, NJ (Sportsbook Betting Lines) - Adam Henrique scored in the fourth round of the
shootout to give the New Jersey Devils a 5-4 win over the Ottawa Senators.
Henrique skated in on net and made a quick move to the backhand to lift the
puck pa
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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