Family Helps Sprint With Year

Autoracing Betting Lines

Concord NC (Sportsbook Betting Lines) - Danica Patrick revealed on Monday that she will forgo this year's Indianapolis 500 and will instead compete in the 600-mile Sprint Cup Series race at Charlotte Motor Speedway. The Indy 500 and the Coca-Cola 600 -- NASCAR's longest race of the season -- are scheduled on May 27.

 

"I hope to do it [Indy 500] in the future," she said during a press conference. "At this point, after a lot of conversations, it's just going to be the Coke 600. I think it's going to be a big challenge, but I'm looking forward to it."

 

Charlotte becomes the ninth race added to Patrick's Sprint Cup schedule. Her tenth event will announced at a later date. Stewart-Haas Racing is hopeful she will run a full-time schedule in NASCAR's premier series in 2013.

 

Long Pond, PA (Sportsbook Betting Lines) - Dr. Joseph Mattioli, the founder and chairman of the board of Pocono Raceway, passed away on Thursday at the Lehigh Valley Hospital Center in Pennsylvania, following a lengthy illness. He was 86. Known as "Doc," Mattioli founded the 2.5-mile Pocono racetrack in the early 1960's and had been at the helm of the track ever since. Pocono has hosted 68 NASCAR Sprint Cup Series races to date.

 

Pocono is the only remaining family owned-and-operated track on the current Sprint Cup schedule.

 

In 2009, Mattioli received the Philanthropic Lifetime Achievement Award presented by the Association of Fundraising Professionals for his contributions to local civic organizations, hospitals, schools and charities. He served on the board of directors of numerous organizations and was dedicated to improving the quality of life in Northeastern Pennsylvania.

 

Charlotte, NC (Sportsbook Betting Lines) - Unlike 2011, NASCAR will not make any major alterations in its rules for the upcoming season. Officials from the sanctioning body, including NASCAR chairman and chief executive officer Brian France and president Mike Helton, held a press conference Thursday to address the "state of the sport."

 

Last year, NASCAR revealed a host of format changes, including a revised points system for all three of its national touring series, as well as a new rule which prevented drivers from competing for a championship in more than one of the three series. Other rule modifications included two "wild card" positions for the Chase for the Sprint Cup championship format and a new qualifying procedure.

 

"We're very pleased with how all those changes played out," France said during his opening remarks.

 

"The way to top that is to have three drivers or four going for the championship if that's possible," France said in regards to the upcoming season.

 

"We're pretty confident in what we've chosen; it's been tested pretty carefully - that we will be in good shape," France said. "If we're not, if there's some change, then we'll look at that. But we're pretty confident that we've got the right package on that."

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Sportsbooks to bet on football

Recently I had an email debate with an angry reader who said I did not understand "the science of oddsmaking", as he called it.

He said I was wrong for suggesting oddsmakers care about who wins or loses games.

"Oddsmakers only care about splitting the betting public 50/50 on both sides of the line and keeping the commission (a.k.a. juice)," he wrote.

He might have been right about not understanding "the science of oddsmaking". After all, I'm not an oddsmaker. That said, I stick to my assertion that oddsmakers (a.k.a. sportbooks) often do care about who wins games.

Granted, as a general rule, sportsbooks try to balance their action so that they're not exposed to big losses. However, there are times when this is difficult to pull off, regardless of how much a line has moved. There are also times when that general rule is ignored and a book pursues risk.

Generally speaking, it's safe to say the books in Vegas are risk-adverse. Unlike in the past when the wise guys ruled the town, Vegas is now corporate and the goal of most casinos is to make as much money as possible with as little risk as possible.

Thus, Vegas sportsbooks try everything in their power to balance the action. They're satisfied simply collecting the juice. But these profits are small, especially compared to the take from other casino games, namely slot machines.

Because the profits at Vegas sportsbooks are so small, you could argue that many casinos operate sportsbooks simply as a novelty to keep the tourists happy.

With a growing aversion to risk, it should come as no surprise that Vegas bookmakers have been panicking this NFL season.

Despite huge pointspreads, a disproportionate percentage of bettors are still laying their money on favorites like the Eagles, Colts, Pats and Vikings rather than the dogs (a common trend for the largely recreational bettors that visit Vegas).

And much to the dismay of the books, those favorites are finding ways to cover the thick chalk. In fact, prior to Week 7, the four teams listed above are a combined 16-2-2 (88 percent) against the spread. (The tables turned dramatically in Week 7, but more on that later.)

The result has been an early-season beating for the books, and a bonanza for bettors.

While Vegas increasingly hates risk, it's no longer a major player in the sports betting world. Most of the betting action now takes place offshore where sportsbooks are not as obsessed about balance. In fact, some books encourage exposure to risk because the rewards can be so much bigger.

Consider MySportsbook.com. On its website, the book has odds pages which actually display the amount of action it's getting on games. In other words, you can see how much action the book is taking on both sides of a pointspread, moneyline or over/under.

One look at these numbers and it's obvious MySportsbook.com does not balance every game. In fact, far from it.

Take last weekend's matchup between St. Louis and Miami. By game time on Sunday, 83 percent of the betting action at MySportsbook.com was on the Rams; only 17 percent was on Miami.

What's interesting is that MySportsbook.com opened the pointspread with Miami at +6 1/2. By game time, the spread had lowered to +5.

That goes contrary to the balancing theory. If MySportsbook.com had wanted to balance the action, it would have given Miami more points; instead, it took away 1 1/2. World Series odds are now up as well.

MySportsbook.com exposed itself to even more to risk, and rolled the dice on the underdog Dolphins. Why? I contacted a representative with the book to find out. His answer was simple.

"The line moved early based on 'smart money' from sharp players," said Jeff Gilroy, a spokesperson for the book. "We also knew from early in the week that we would need Miami, therefore (we dropped) the spread to encourage Rams money.

"At the end of the day, we liked the home team."

So the conclusion is this: MySportsbook.com respected the sharp action, and gambled that the sharp bettors had a better take on the game than the recreational bettors, who were hammering the visiting Rams.

In the end, the gamble paid off. Miami, desperate for a win in front of its home fans, pounded the overrated Rams, who are terrible on the road and even worse on grass. Final score: 31-14 Fish.

MySportsbook.com was also heavily exposed on numerous favorites in Week 7, including Philadelphia, Seattle and Denver. All three failed to cover.

The fact that sportsbooks are exposed to risk on certain games is really nothing new. The fact, that Sportsbook.com is willing to show the public where it's exposed is intriguing.

Armed with this type of information, bettors can make more educated wagers. They can get an idea where the sharp money is going and conversely where the public money is headed.

MySportsbook.com is opening up its cashbox, letting bettors look inside and challenging them to take their best shot at grabbing the cash.

To visit this online football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.