Racing legend Foyt forced to skip Rolex 24 at Daytona
Autoracing Betting Lines
01/27/2012 - Daytona Beach, FL (Sportsbook Betting Lines) - A.J. Foyt will miss this weekend's Rolex 24 at Daytona after being hospitalized due to complications from recent knee surgery.
Foyt, a four-time Indianapolis 500 winner, was scheduled to serve as Grand Marshall for the 50th anniversary of the 24-hour endurance race at Daytona International Speedway. He is also a winner of the Daytona 500 and the 24-hour race there.
"I am really sorry that I can't be there this weekend for the Rolex 24," Foyt said in a statement released on Friday. "I was really looking forward to it, because I thought it was a great honor to be asked to be the Grand Marshal of the 50th Anniversary of that race and considered it to be one of the great highlights of my career.
"I feel so bad that I let everyone down. I was also looking forward to seeing some of my old friends and the race cars that I drove in that race. It was going to be a really fun weekend for me, but I guess I'll be watching the race from my hospital room. Yep, the doctors pulled rank on me. And I hate to admit, but I think they're right -- this time. I'd like to wish everyone a safe race, and I'll be with you in spirit."
Foyt is expected to make a full recovery.
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SPORTS BETTING
NFL Football Betting OnlineIn terms of sports wagering, the NFL is "the most popular game in town." The explanation behind that is easy.
It is called the "pointspread."
Many years ago, NFL games, as well as the more popular college games, used straight odds as a vehicle for betting. For example, if the Bears were playing the Giants, and it shaped up as a competitive contest, the Bears might be, say, a 7/5 favorite. If they were playing an also-ran, it might be 10/1. Well, there is a point where a line becomes prohibitive, as far as betting the favorite. And who would waste money betting an underdog that has virtually no chance? Such a setup did not contribute to promoting betting action.
But in modern sports betting, a "pointspread" is used.
A NFL pointspreads are exactly that, a pre-established point difference between the two sides that will, for all intents and purposes, create a handicap that evens things out, and in doing so, produces comparable wagering activity on both sides of that proposition. So in lieu of a odds figure in which to bet the team to win outright, the Bears might be a three-point favorite over the New York Giants, and a 17-point favorite over the also-ran. Now that the team that is the underdog can "get" points, there can be equal action on both sides.
In sportsbooks, this is usually done with efficiency by charging the losing bettors 10% extra - in effect, bettors are laying 11/10 on those games. So they are actually betting $110 to win $100. If they lose, they pay the "vig." If they win, they simply collect.
The establishment of the pointspread as the corner stone around which team sports like football can be wagered upon was truly what brought gridiron betting into the stratosphere for online football betting .
Don't believe it? Just take a look at what happens around the Super Bowl.
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