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07/23/2010 - Indianapolis, IN (Sportsbook Betting Lines) - David Reutimann has signed a multi-year contract extension with Michael Waltrip Racing to remain as driver of the No.00 Toyota through the 2012 Sprint Cup Series season.
Reutimann and team owner Michael Waltrip made the announcement Friday at Indianapolis Motor Speedway, the site of this weekend's Brickyard 400. His primary sponsor, Aaron's, will increase its sponsorship with the team from 24 to 30 races in 2010. Aaron's will remain with Reutimann for 30 races in both the 2011 and '12 seasons.
"I'm glad both Michael Waltrip Racing and Aaron's want to keep me around," the 40-year-old Reutimann said. "I've been asked about my contract for the last month, and we've had a handshake agreement, but now it's done, and I'm glad I can finally talk about it. I'm thrilled."
Reutimann picked up his second career Sprint Cup victory two weeks ago at Chicagoland. He is currently 15th in the point standings. Reutimann gave MWR its first Cup win in May 2009 in the rain-shortened 600-mile race at Charlotte. He has been with Waltrip's team since the start of the 2007 season.
"We never wavered on wanting to extend David and neither did Aaron's," Waltrip said. "David and Aaron's are like family to me. They've both been a large part of Michael Waltrip Racing since the very beginning and have stuck with us through thick and thin."
<< Steelers ink Tomlin to extension
Pittsburgh, PA (Sportsbook Betting Lines) - The Pittsburgh Steelers extended the
contract of head coach Mike Tomlin through at least 2012, the team announced
on Friday.
In addition, the deal calls for an option year for 2013.
"Mike Tomli
<< Cowboys ink second-round pick LB Lee
Irving, TX (Sportsbook Betting Lines) - The Dallas Cowboys have agreed to terms with
linebacker Sean Lee on a four-year contract.
The deal for the second-round draft choice is reportedly worth $1.7 million
guaranteed.
Dallas moved up four
<< Dallas puts road unbeaten run on line at Toronto
Toronto, ON (Sportsbook Betting Lines) - FC Dallas has not lost on the road since April
and puts its six-match road undefeated streak on the line Saturday at Toronto
FC, which is one of three Major League Soccer teams still unbeaten at home.
FC Dall
<< Choi takes 1-shot lead in Sweden
Stockholm, Sweden (Sportsbook Betting Lines) - K.J. Choi took the lead Friday at the
Scandinavian Masters with a five-under 67 in the second round.
Choi finished 36 holes on the Stadium Course at Bro Hof Slott Golf Club with a
nine-under 135, movi
Beasley hopes to turn over new leaf in Minnesota >>
Philadelphia, PA (Sportsbook Betting Lines) - Telling the truth has never been much of a
problem for me, especially with things that really aren't going to amount to
much when Saint Peter is making the decision on whether I'm fit to enter the
pearly gate
Lyon signs defender Cris to two-year extension >>
Lyon, France (Sportsbook Betting Lines) - Lyon signed Brazilian center back Cris to a
two-year contract extension Friday through the 2012-13 season.
Cris, 33, has spent the last six seasons at Lyon and looks set to finish his
career with the Fren
Mika Miyazato leads Evian Masters >>
Evian-les-Bains, France (Sportsbook Betting Lines) - Mika Miyazato shot a five-under 67
to take the second-round lead Friday at the Evian Masters.
Miyazato finished 36 holes on the Evian Masters Golf Club with a nine-under
135 and will carry a one-sho
Canucks D Salo out with torn Achilles tendon >>
Vancouver, BC (Sportsbook Betting Lines) - Vancouver Canucks defenseman Sami Salo is
out indefinitely after suffering a torn Achilles tendon.
The Vancouver Sun reported on Friday that Salo was injured in his native
Finland while playing a
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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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