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08/17/2010 - Concord, NC (Sportsbook Betting Lines) - Marcos Ambrose has signed a multi-year contract with Richard Petty Motorsports to drive the No.9 Ford in the Sprint Cup Series beginning in 2011, the team announced on Tuesday.
Ambrose will replace Kasey Kahne in the No.9 car when Kahne departs RPM for Red Bull Racing at the end of this season.
"We are very happy to have Marcos Ambrose join our team," team owner and NASCAR Hall of Famer Richard Petty said in a statement. "He's a very talented and passionate driver and will be a great addition to our team."
Long-time RPM sponsor Stanley Black and Decker will serve as Ambrose's primary sponsor next year.
"I'm very excited to join Richard Petty Motorsports," Ambrose said. "It's an incredible honor to be able to race for a legend like 'The King' and be a part of this organization. I'm also happy to be back with Ford Racing. The No.9 team has been a very successful team in the NASCAR Sprint Cup Series. With the support of Ford and everyone at RPM, I believe we can continue that tradition of success. I'm also excited to join forces with Stanley."
Ambrose revealed three weeks ago that he will part ways with JTG Daugherty Racing at the end of this season. He has driven the No.47 Toyota for JTG Daugherty since the tail end of the 2008 season. He also drove a Nationwide Series entry full-time for the team during the 2007 and '08 seasons.
The 33-year-old Ambrose currently is 26th in points, with three top-10 finishes so far this season. He ended the 2009 season 18th in points. His career-best Cup finish of second came last year at the Watkins Glen, NY road course. Ambrose is considered a road course expert.
<< Gio Ponti out to defend Arlington Million crown
Arlington Heights, IL (Sportsbook Betting Lines) - Defending winner Gio Ponti will take
on nine challengers to his title in Saturday's 28th running of the Arlington
Million at Arlington Park. The 1 1/4-mile grass race gives the winner
automat
<< Report: Three Vikings sent to visit Favre
Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Vikings are still waiting for
Brett Favre to make a decision on his playing status for this season, and on
Tuesday three players reportedly went to his Mississippi home in an effort to
possibl
<< City loans Bellamy to Championship side Cardiff
Manchester, England (Sportsbook Betting Lines) - Manchester City confirmed Tuesday that
striker Craig Bellamy has been loaned to Championship side Cardiff City on a
season-long loan deal.
Bellamy, 31, was linked with a number of Premier League cl
<< Owens highlights CFL weekly awards
Toronto, ON (Sportsbook Betting Lines) - Toronto wide receiver/kick returner Chad Owens,
Saskatchewan linebacker Jerrell Freeman, Edmonton kick returner Kelly Campbell
and Hamilton defensive tackle Matt Kirk were selected as the CFL's top
perform
Oklahoma LB Box out with back injury >>
Oklahoma City, OK (Sportsbook Betting Lines) - Oklahoma junior linebacker Austin Box is
expected to miss anywhere from 3-to-6 weeks with a back injury.
The Oklahoman reported Tuesday that Sooners head coach Bob Stoops revealed Box
has a "disc issue"
Whittaker, Toliver and McGill earn weekly AFL honors >>
Tulsa, OK (Sportsbook Betting Lines) - Spokane wide receiver HUEY WHITTAKER,
Orlando wide receiver TT TOLIVER and Tampa Bay defensive
lineman TIM MCGILL have been named the JLS Ironman, Russell
Athletic Offensive Players and Riddell Defensive Player of
Bobby Thomson dead at 86 >>
New York, NY (Sportsbook Betting Lines) - Bobby Thomson, famous for hitting the "Shot
Heard 'Round the World" to give the New York Giants the 1951 NL Pennant, died
Monday night at the age of 86.
The New York Daily News is reporting Thomson died
Bengals LB Maualuga to be fined, not suspended >>
New York, NY (Sportsbook Betting Lines) - Cincinnati Bengals rookie linebacker Rey
Maualuga will not face a suspension, but will be fined, for pleading guilty to
DUI charges.
Maualuga was arrested and charged with drunken driving and careless
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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