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Monaco had never beaten the Spaniard in two prior meetings and it looked like he would fall again, but used a dominating final two sets to take the win and will now try to reach his third finals at this event.
He also reached the title contest of this clay-court event in 2010 at Santiago, and 2008.
In other quarterfinal action, seventh-seeded Carlos Berlocq grounded qualifier and fellow Argentine Federico Delbonis 6-3, 6-4, and Frenchman Jeremy Chardy downed Portugal's Frederico Gil 6-2, 7-6 (7-5).
Moscow, Russia (Sportsbook Betting Lines) - Maria Sharapova and Svetlana Kuznetsova earned dominant straight-set wins Saturday to give Russia a commanding 2-0 edge in its Fed Cup quarterfinal against Spain. Sharapova, last week's Australian Open runner-up, rolled to a 6-2, 6-1 win over Silvia Soler-Espinosa in the opener, before Kuznetsova cruised to a 6-3, 6-1 triumph over Carla Suarez Navarro in a mere 68 minutes.
Sharapova will again be first up in the reverse singles against Navarro. Kuznetsova is then scheduled to meet Soler-Espinosa, although each captain can make changes. The doubles match is slated to pit Ekaterina Makarova and Nadia Petrova for the Russians against the Spanish tandem of Nuria Llagostera Vives and Arantxa Parra-Santonja.
Russia, last year's Fed Cup runner-up to the Czech Republic, is a four-time Fed Cup champ and beat Spain in the final for its last title in 2008. The Russians own a 5-1 advantage against the Spaniards in Fed Cup play.
This weekend's winner will meet the Belgium-Serbia victor in the semifinals in April.
Enter Lesia Tsurenko.
Italy has won three of the last six Fed Cup titles, including back-to-back crowns in 2009-10. The Italians are also 3-0 all-time against the Ukraine in Fed Cup play.
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Super Bowl XLIII isn't even a week old yet and oddsmakers have already released Super Bowl XLIV odds.
Despite the Pittsburgh Steelers winning Super Bowl 43, the New England Patriots are 8/1 favorites to win Super Bowl 44.
Bet Super Bowl XLIV Future Odds
With their 27-23 victory over the Arizona Cardinals in Super Bowl XLIII, the Steelers became the latest NFL champion. But believe it or not, oddsmakers from online sports book MySportsbook.com don't have the Steelers the favorites to win Super Bowl XLIV next season.
That honor belongs to the New England Patriots, who are 8/1 favorites to win despite not even qualify for the postseason in 2008. The Pats also have a major decision to make regarding what to do with Matt Cassel, who played well in Tom Brady's (knee surgery) absence last year but is also a free agent this offseason.
Ironically, the Steelers aren't even oddsmakers second choice to win Super Bowl 44, as the Dallas Cowboys are listed right behind the Patriots at 9/1 despite not making the playoffs themselves. Clearly oddsmakers think the public will hop back on the Cowboys' bandwagon considering the immense talent they have and the opening of a brand new stadium.
After Dallas, then comes Pittsburgh at 10/1, but they share those odds with the New York Giants, who won Super Bowl XLII. The Indianapolis Colts and San Diego Chargers round out the top six teams at 12/1, while the Baltimore Ravens (14/1), Tennessee Titans (16/1), Carolina Panthers (18/1) and Philadelphia Eagles (18/1) complete the top 10.
The NFC Champion Arizona Cardinals got no love from oddsmakers as they were established as a 30/1 long shot to win next year's Super Bowl. They share those same odds with the Chicago Bears and Tampa Bay Buccaneers two teams that didn't even qualify for the postseason. Other long shots are the Kansas City Chiefs (100/1), Detroit Lions (100/1), St. Louis Rams (75/1) and Oakland Raiders (75/1).
To see a complete list of all the team's odds to win Super Bowl XLIV, check below.
NFL TEAM FUTURE ODDS TO WIN SUPER BOWL XLIV
New England Patriots 8/1
Dallas Cowboys 9/1
New York Giants 10/1
Pittsburgh Steelers 10/1
Indianapolis Colts 12/1
San Diego Chargers 12/1
Baltimore Ravens 14/1
Tennessee Titans 16/1
Carolina Panthers 18/1
Philadelphia Eagles 18/1
New Orleans Saints 20/1
Atlanta Falcons 25/1
Denver Broncos 25/1
Green Bay Packers 25/1
Jacksonville Jaguars 25/1
Minnesota Vikings 25/1
New York Jets 25/1
Arizona Cardinals 30/1
Chicago BearS 30/1
Tampa Bay Buccaneers 30/1
Buffalo Bills 35/1
Houston TexaNS 35/1
Miami Dolphins 35/1
Washington Redskins 35/1
Seattle SeahawkS 50/1
Cleveland Browns 55/1
Cincinnati Bengals 60/1
San Francisco 49ers 60/1
Oakland Raiders 75/1
St. Louis Rams 75/1
Detroit Lions 100/1
Kansas City Chiefs 100/1
Odds as of: 2/2/09
Bet Super Bowl XLIV Future Odds
To visit this online sportsbook go to MySportsbook.com for all your NFL football betting needs.
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