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07/30/2010 - Pocono, PA (Sportsbook Betting Lines) - Steve Letarte, the crew chief for four-time NASCAR Cup Series champion Jeff Gordon, has signed a multi-year contract extension with Hendrick Motorsports.
Letarte and HMS made the announcement Friday at Pocono Raceway, the site of this weekend's Sunoco Red Cross Pennsylvania 500.
"I'm extremely excited," the 31-year-old Letarte said. "Hendrick Motorsports is the only company I've ever received a paycheck from. I've worked here since I was a teenager, and they've provided wonderful opportunities for me. I owe a lot to them. I'm really excited to be extended here so I can go a few more years."
HMS promoted Letarte to Gordon's crew chief in September 2005 when then crew chief Robbie Loomis departed the team and took a position with Petty Enterprises. Later that season, Letarte picked up his first win as a crew chief when Gordon scored the victory at Martinsville Speedway.
Gordon currently is second in points, but has been winless in the last 49 races, which is the longest drought in his Cup career. His most recent victory came in April 2009 at Texas. Gordon's last series title came in 2001.
<< Gaming: Mountain West mediocre outside of league play
Philadelphia, PA (Sportsbook Betting Lines) - The Mountain West's non-conference
straight-up records point in a favorable direction at 41-28 over the last two
years, but don't be so quick in jumping to the windows to wager on the league
against outside c
<< Hancock says Big 12 defections won't affect BCS
DETROIT (AP) -Bowl Championship Series executive director Bill Hancock says the defections of Nebraska and Colorado from the Big 12 will not influence the BCS.Hancock spoke Friday at the Mid-American Conference's media day at Ford Field in Detroit.N
<< Texans agree to terms with first-round pick Jackson
Houston, TX (Sportsbook Betting Lines) - The Houston Texans have reportedly agreed to
terms with cornerback Kareem Jackson, the team's first-round pick in the 2010
draft.
The Houston Chronicle is reporting that the deal with Jackson, the 20
<< Bolstered Padres to begin home set with Marlins
(Sportsbook Betting Lines) - A walk-off victory and the acquisition of a six-time All-
Star made Thursday one exciting day for the San Diego Padres.
San Diego will hope Friday is just as good, as it is expected to have
infielder Miguel Tejada availabl
Sounders aim to continue winning ways against 'Quakes >>
Santa Clara, CA (Sportsbook Betting Lines) - Seattle Sounders FC will go for their third
straight win on Saturday when they visit Buck Shaw Stadium to face the San
Jose Earthquakes.
The Sounders followed a 1-0 win over D.C. United with a 2-1 vi
Rapids, Dallas both gunning for points in Western showdown >>
Commerce City, CO (Sportsbook Betting Lines) - The Colorado Rapids host FC Dallas at
Dick's Sporting Goods Park in Major League Soccer action on Saturday night.
The Rapids (6-5-5), who are winless in six league fixtures, should have their
hands f
K.C. hopes to build on win vs. Man United in league play vs. TFC >>
Kansas City, KS (Sportsbook Betting Lines) - It has been a disappointing season to so
for the Kansas City Wizards, but the Major League Soccer club is hoping it can
use a 2-1 win in an exhibition against English premier League side Manchester
United
Niners ink draft picks Davis, Mays, Bowman >>
Santa Clara, CA (Sportsbook Betting Lines) - The San Francisco 49ers have signed three
of their first four picks from April's draft, including first-rounder Anthony
Davis.
In addition to a five-year deal for Davis, an offensive tackle from Rutger
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.
Huskers' Lucky hospitalized for undisclosed reason
LINCOLN, Neb. -- Nebraska running back Marlon Lucky was hospitalized Monday for undisclosed reasons after Lincoln police responded to a call at his residence.
The Nebraska athletic department said in a release Monday that Lucky was admitted Sunday night.
MySportsbook.com has the Cornhuskers listed at +2500 to win the BCS National Championship odds.
A nursing supervisor at the hospital said all questions about Lucky were being referred to the athletic department. The athletic department said there would be no further comment from the department or Lucky's family.
A Lincoln Police spokesman said officers responded to a call at Lucky's residence 11:30 p.m. Sunday. The spokesman said he didn't know Lucky's condition at the time he was taken to the hospital.
Lucky, from North Hollywood, Calif., started six games last season as a sophomore and was the team's second-leading rusher, with 728 yards and six touchdowns. He also caught 32 passes for 383 yards. He averaged 19.1 yards on eight kickoff returns.
To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.
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