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08/13/2010 - Daytona Beach, FL (Sportsbook Betting Lines) - Joie Chitwood III has been named president of Daytona International Speedway, according to a new release from the track's parent company, International Speedway Corp., on Friday.
Chitwood, 41, replaces current DIS president Robin Braig, who, according to the release, "will leave to pursue other opportunities." Braig has served as track's president since 2002.
"We are very fortunate to have a seasoned executive of Joie's proven ability to step into this important position as President of Daytona International Speedway," ISC's chief executive officer Lesa France Kennedy said in a statement.
Chitwood has been vice president of business development for ISC since 2009. Prior to joining ISC, Chitwood served as president and CEO of Indianapolis Motor Speedway.
<< Lakers sign second-round pick Caracter
El Segundo, CA (Sportsbook Betting Lines) - The Los Angeles Lakers signed second-
round draft pick Derrick Caracter Friday.
Caracter, taken with the 58th pick in the 2010 draft, spent two seasons at
Louisville before he transferred to Te
<< No seconds: 49ers RB Coffee abruptly retires
Santa Clara, CA (Sportsbook Betting Lines) - San Francisco 49ers running back Glen
Coffee, the team's third-round pick in the 2009 draft, retired from the NFL on
Friday at the age of 23.
Coffee did not attend practice on Thursday and was also
<< White Sox activate Teahen from DL
Chicago, IL (Sportsbook Betting Lines) - The Chicago White Sox have reinstated
infielder/outfielder Mark Teahen from the 15-day disabled list.
Teahen has been on the DL since June 1 with a fractured right middle finger.
He was hitting .2
<< New Rangers owners cut prices for ballpark fare
ARLINGTON, Texas (AP) -The new owners of the Texas Rangers are already making it cheaper to enjoy the games.The group led by Hall of Famer Nolan Ryan and sports attorney Chuck Greenberg announced lower prices for concessions, parking and merchandise
Kaiserslautern signs coach Kurz to extension >>
Kaiserslautern, Germany (Sportsbook Betting Lines) - Kaiserslautern signed coach Marco
Kurz to a contract extension through the 2011-12 season on Friday.
Kurz led Kaiserslautern back to the Bundesliga last season, and with his deal
set to expire af
Celtic, Rangers highlight SPL once again >>
Glasgow, Scotland (Sportsbook Betting Lines) - Old Firm rivals Celtic and Rangers have
combined to win the last 25 Scottish Premier League titles, so when the season
kicks off Saturday, the only suspense is which Glasgow club wins this time.
Celtic
Nadal, Murray reach Rogers Cup semis >>
Toronto, ON (Sportsbook Betting Lines) - Two-time winner Rafael Nadal and reigning
champion Andy Murray were a pair of quarterfinal winners Friday at the $2.43
million Rogers Cup, an ATP Masters event.
The world No. 1 Nadal was tested mightily in a
Patriots put DL Warren on IR >>
Foxboro, MA (Sportsbook Betting Lines) - The New England Patriots placed starting
defensive lineman Ty Warren on season-ending injured reserve Friday.
The 6-foot-5, 300-pound Warren is suffering from a hip injury that could
require surger
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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