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02/01/2012 - Daytona Beach, FL (Sportsbook Betting Lines) - Officials from Daytona International Speedway announced Wednesday a record purse of more than $19 million for the February 26 season-opening Daytona 500.
The purse for NASCAR's most prestigious race of the season will include a payout of at least $1.43 million to the winner as well as a new contingency award of $200,000 to the driver leading at the completion of lap 100 -- the halfway point in the 500-mile race.
If the race is under caution at lap 100, the leader of the race at the completion of the fifth consecutive green-flag lap following the caution will receive the $200,000 "Daytona 500 Mid-Race Leader Award."
The second-place finisher in this year's Daytona 500 will receive at least $1.05 million and the third-place driver will collect $759,600.
Twenty-year-old Trevor Bayne won $1,463,813 for his victory in the 2011 Daytona 500.
<< Eight set to go in Robert B. Lewis Stakes
Arcadia, CA (Sportsbook Betting Lines) - Eight three-year-olds get back into action
Saturday afternoon in the $200,000 Robert B. Lewis Stakes at Santa Anita Park.
The 1 1/16-mile race is an important prep for the $750,000 Santa Anita Derby
on Apri
<< Nationals sign RHP Durbin
Washington, DC (Sportsbook Betting Lines) - The Washington Nationals agreed to terms on
a minor-league contract with veteran relief pitcher Chad Durbin on Wednesday.
MLB.com, which cited a baseball source, reported the deal and said it includes
an in
<< Galaxy adds Nakazawa from Philadelphia
Carson, CA (Sportsbook Betting Lines) - The Los Angeles Galaxy acquired midfielder Kyle
Nakazawa and a second round pick in the 2013 MLS SuperDraft in exchange for an
international roster spot on Wednesday.
Nakazawa was selected in the third roun
<< Rapids hand three-year extension to technical director Bravo
Commerce City, CO (Sportsbook Betting Lines) - The Colorado Rapids announced on
Wednesday that the club has signed technical director Paul Bravo to a three-
year contract extension.
Bravo has presided over Colorado's soccer operations since
NHL fines Boulton, Boll $2,500 each >>
New York, NY (Sportsbook Betting Lines) - The National Hockey League on Wednesday fined
New Jersey Devils forward Eric Boulton and Columbus Blue Jackets forward Jared
Boll $2,500 for separate incidents.
Boulton was docked for his slash on New Yor
2012 debut for Animal Kingdom decided >>
Oldsmar, FL (Sportsbook Betting Lines) - Eclipse Award winner Animal Kingdom will begin
his four-year-old campaign later this month at Tampa Bay Downs. Team Valor's .
Barry Irwin and trainer Graham Motion announced the decision in a press
release
Chiefs offensive coordinator Muir retires >>
Kansas City, MO (Sportsbook Betting Lines) - Kansas City Chiefs offensive coordinator
Bill Muir has retired, the team announced Wednesday.
Muir was named the Chiefs offensive coordinator prior to last season after
spending the previous two year
Arsenal held by Bolton at the Reebok >>
Bolton, England (Sportsbook Betting Lines) - Arsenal extended its winless run after it
was held to a 0-0 draw at Bolton in Premier League play Wednesday.
The Gunners had lost three straight league games heading into their clash
against the Tro
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.
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