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11/21/2008 - Charlotte, NC (Sportsbook Betting Lines) - Furniture Row Racing announced Friday it has bought out the contract of driver Joe Nemechek. The racing organization recently made known it would field a Sprint Cup Series team on a limited schedule in 2009.
"Just like the reduced schedule announcement, this buyout of Joe's contract has nothing to do with his on-track performance," team president Joe Garone said in a statement. "But our contract with Joe for 2009 was for a full schedule, and we're not able to fulfill that part of the deal."
"This move is doing what is best for both Joe and our team. It doesn't require us to have him drive for Furniture Row in 2009, but it doesn't restrict him from doing what he loves -- and that's racing at the highest level every week of the season."
Nemechek qualified the team's No.78 Chevrolet for 32 out of 36 races this year, earning a pole position in April at Talladega Superspeedway. The team finished 42nd in owner points.
Nemechek signed a three-year contract with Front Row Racing in 2007. His first start with the team came in last year's Labor Day weekend race at California Speedway.
<< NBA Southwest: Rockets set pace in disappointing division
(Sportsbook Betting Lines) - Injuries to Tony Parker and Manu Ginobili have put San
Antonio in a holding pattern, while New Orleans is playing .500 basketball and
the Dallas Mavericks are looking to dig out of an early season hole.
So, what was suppos
<< Sevilla starts brutal stretch against Valencia
Seville, Spain (Sportsbook Betting Lines) - Sevilla defender Fernando Navarro is proud of
his club's strong start, but realizes this Saturday's match against Valencia is
the first in a seven-match stretch that will decide if he's playing for a title
cont
<< Atlanta recalls Crabb from Chicago
Chicago, IL (Sportsbook Betting Lines) - The Atlanta Thrashers recalled right winger
Joey Crabb from their American Hockey League affiliate, the Chicago Wolves,
it was announced on Friday.
The 25-year-old forward is second in scoring with Chic
<< Norfolk's Downie hit with three-game suspension
Springfield, MA (Sportsbook Betting Lines) - The American Hockey League announced that
Norfolk Admirals right winger Steve Downie has been suspended for three games
as a result of his actions in a game at Worcester on Wednesday.
Downie, who just
Thompson rallies to take medalist honors at Champions Q-School >>
Coral Springs, FL (Sportsbook Betting Lines) - Robert Thompson carded a pair of late
birdies Friday to shoot two-under 70 and take medalist honors at the Champions
Tour National Qualifying Tournament.
Thompson finished at seven-under-par 281.
J
Packers Can Badly Injure Saints' Playoff Hopes >>
(Sportsbook Betting Lines) - Monday night could represent something of a last stand for
the New Orleans Saints.
Despite being picked by many to win the NFC South prior to the season, Sean
Payton's team finds itself at a disappointing 5-5 heading into
Hoffenheim eyes top spot against Koln >>
Cologne, Germany (Sportsbook Betting Lines) - Hoffenheim's Jan Schindelmeiser admitted he
never "would have thought it possible" the promoted club would be near the top
of the Bundesliga, "just as no one here would have."
But Hoffe, promoted to the
Making a run at LeBron >>
(Sportsbook Betting Lines) - Every time LeBron James wears a New York Yankees cap, the
basketball fans in Gotham smile.
I guess the reasoning is simple and goes something like this...Since the
Cleveland Cavaliers' superstar loves baseball's most stori
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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