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08/17/2010 - Bristol, TN (Sportsbook Betting Lines) - Series: NASCAR Sprint Cup. Date: Saturday, August 21. Race: IRWIN Tools Night Race. Site: Bristol Motor Speedway. Track: .533-mile oval. Start time: 7:30 p.m. (et). Laps: 500. Miles: 266.5. 2009 winner: Kyle Busch. Television: ABC. Radio: Performance Racing Network (PRN) /SIRIUS NASCAR Radio.
When the Sprint Cup Series comes to Bristol in August, it's always an action- packed affair on a hot summer night. And Saturday's race should be no different, as time is running out for many drivers to qualify for the championship Chase, which begins next month at New Hampshire.
With three races remaining in the regular season, 173 points separate 12th- place Clint Bowyer from 19th-place Juan Pablo Montoya. The top-12 drivers in points after the September 11 race at Richmond will make the Chase.
After winning last Sunday at Michigan, Kevin Harvick, the current points leader, became the first driver to lock down a position in the playoffs.
"Obviously, it's nice to go into this week's race and not have to worry about a Chase spot - better than anything going into Richmond without having to worry about a Chase spot," Harvick said. "The next three weeks are going to be a lot of fun, to go to three racetracks we've won at before and run well this year, to try to get more bonus points and get prepared for the Chase."
Two more drivers -- Jeff Gordon and Denny Hamlin -- could secure a Chase position at Bristol. Despite starting 33rd, Hamlin finished second at Michigan and moved up three spots to third in the standings. He is now 327 points ahead of Bowyer.
"In order to win the Chase [this] year, we were going to have to qualify better," Hamlin said. "Right now, we are just struggling so bad with qualifying. It takes us the entire race to get to the front. That's going to be a tough road to travel if we're going to try to win the championship."
Hamlin and Johnson lead the series with five victories each so far. However, Johnson has not won since the last weekend in June at New Hampshire, and Hamlin hasn't driven into victory lane since two months ago at Michigan.
Johnson is 294 points ahead of Bowyer in the fifth spot. It's a slight possibility that Johnson could secure his Chase spot at Bristol, but the four- time defending series champion most likely will qualify for the playoffs on Labor Day weekend at Atlanta.
In March, Johnson won at Bristol for the first time in 17 starts here. He also claimed his 50th career Cup victory.
"We ran so well there in the spring," Johnson said. "Even last year, we had great spring and fall races. The night race has always been one of my favorites and look forward to being competitive, and hopefully go back to victory lane there."
The best battle in the "Race for the Chase" right now is between Bowyer and 13th-place Mark Martin. The two are in a tight battle for the final Chase eligible spot. They have swapped the 12th and 13th positions in the last two races.
At Michigan, Bowyer finished 13th, while Martin had a disappointing 28th-place run.
"We have three races to go to get it done and, and if we continue to have runs like this, we can race our way into the Chase," Bowyer said.
Martin, who finished second to champion and Hendrick Motorsports teammate Johnson in last year's Chase, trails Bowyer by 35 points.
"I don't know what they are," Martin said of his chances making the 2010 Chase. "We'll keep digging. I don't know. Every race is a new race."
Ryan Newman, who presently holds the 14th spot, is 103 points behind Bowyer, while 15th-place Jamie McMurray trails by 105 points.
Kasey Kahne, Dale Earnhardt Jr. and David Reutimann are 16th through 18th in points, respectively. All three drivers will need strong performances at Bristol if they want to improve their chances of making the Chase. Montoya will have to do the same as well.
This will be the 100th Cup race at Bristol, with the first event running here on July 30, 1961. Jack Smith won the race, despite driving relief from Johnny Allen. The first night race at Bristol was held in August 1978. Darrell Waltrip holds the record for most wins at Bristol with 12, while Gordon and Kurt Busch lead all active drivers with five victories each here. Kurt's younger brother, Kyle, won both races at Bristol during the 2009 season. Kyle finished ninth here earlier this year.
"I look forward to going there always," Busch said. "We struggled there in the spring for some reason. All of [Joe Gibbs Racing] did. We all blew right-front tires out, and we all got into the fence, but we salvaged a decent day."
Kyle Busch, as well as Brad Keselowski and Elliott Sadler, will compete in all three of NASCAR's national touring series races at Bristol this week.
Fifty teams are on the preliminary entry list for the IRWIN Tools Night Race.
<< Yankees' Pettitte to get MRI
Bronx, NY (Sportsbook Betting Lines) - New York Yankees pitcher Andy Pettitte is headed
for an MRI exam after throwing a bullpen session Tuesday.
Pettitte, who has been on the disabled list since July 19, threw about 40
pitches during his sessi
<< This Week in Auto Racing August 18 - 22
Bristol, TN (Sportsbook Betting Lines) - NASCAR roars into "Thunder Valley" as all
three of its national touring series run under the lights at Bristol Motor
Speedway this week. The IZOD IndyCar Series heads to California's wine
country
<< Mariners' Bradley has knee surgery
Baltimore, MD (Sportsbook Betting Lines) - Seattle Mariners outfielder Milton Bradley is
expected to miss four to six weeks after undergoing arthroscopic knee surgery
Tuesday.
Dr. Timothy Kremchek, the Reds' team physician, performed the surgery on
<< Rangers bring in Cora on minor league deal
St. Petersburg, FL (Sportsbook Betting Lines) - The Texas Rangers have agreed to a minor
league contract with infielder Alex Cora, the team announced Tuesday.
Cora played in 62 games for the New York Mets this season, but was released
and became a
Keselowski looking for bigger points lead at Bristol >>
Bristol, TN (Sportsbook Betting Lines) - Series: NASCAR Nationwide. Date: Friday, August
20. Race: Food City 250. Site: Bristol Motor Speedway. Track: .533-mile oval.
Start time: 8:00 p.m. (et). Laps: 250. Miles: 133.25. 2009 winner: David
Ragan. Televis
Trucks kick off NASCAR's week at Bristol >>
Bristol, TN (Sportsbook Betting Lines) - Series: NASCAR Camping World Truck. Date:
Wednesday, August 18. Race: O'Reilly 200. Site: Bristol Motor Speedway. Track:
.533-mile oval. Start time: 8:00 p.m. (et). Laps: 200. Miles: 106.6. 2009
winner: Kyle Busch
Seahawks release RB Peterson >>
Renton, WA (Sportsbook Betting Lines) - The Seattle Seahawks released running back
Adrian Peterson, less than a week after signing the former member of the
Chicago Bears.
Not to be confused with the Minnesota running back of the same name
IndyCar wraps up road/street course schedule at Sonoma >>
Sonoma, CA (Sportsbook Betting Lines) - Series: IZOD IndyCar. Date: Sunday, August 22.
Race: Indy Grand Prix of Sonoma. Site: Infineon Raceway. Track: 2.303-mile,
12-turn road course. Start Time: 5:45 p.m. (et). Laps: 75. Miles: 172.7. 2009
winner: Dario
There is little doubt that the NFL is where the sportsbooks see the most action and also make the most loot. The NFL possesses betting friendly attributes that are unlike any of the other major sports. First off, there are relatively few teams to keep track of in comparison to college football betting or college basketball. And second, these teams play only once a week which makes staying on top of the results much easier than it is in the daily leagues such as the NBA, NHL, and MLB.
These dynamics, along with the sheer excitement of watching and wagering on football, brings more square action to the table than any of the other sports. Almost every Tom, Dick and Harry in America is an NFL expert in their own mind and that is precisely what the oddsmakers prey upon.
Understanding who bets the games is just as important as understanding which teams are playing the games. The market at times will dictate price, which in the betting world means the oddsmakers cater to the public rather than reality.
Knowing the market inside and out is the basis of our NFL handicapping model. That is, our approach to NFL handicapping is of the contrarian or value seeking variety. We will at times place a higher premium on public sentiment than on the fundamentals. This strategy dictates playing dogs and/or lesser competent teams, or teams the public wants nothing to do with. Or better yet, fading the teams the oddsmakers want you to bet on.
Along these same lines, we carry a similar notion that the first week of the NFL season presents one of the ripest opportunities for the astute gambler. This conflicts with conventional wisdom and/or handicapping lore, as most would say it is better to watch a few games and assess each team before jumping in with both feet. That’s all fine and dandy, but there are some interesting trends to exploit in Week 1 and we’d be remiss to ignore them. Let us quickly explain.
Gone are the days of dynasties, where the same core players stay intact and dominate the league year after year. Free agency and player movements can completely transform teams from one season to the next. In today’s parity-driven NFL, poor teams typically don’t stay poor for all that long and excellent teams must constantly reinvent themselves to stay on top.
The temptation might be to assume prior year results are the best indicator of who is going to cover in Week 1. To Joe Public, playoff teams from the prior season, home teams, favorites, and so one, look even more enticing than usual since there is no current season performance to judge them against. But the question begs: are the oddsmakers setting a trap?
To find the answer, we culled five years worth of Week 1 NFL data. As always, all of our analysis is done from an ATS perspective. The purpose here is to share the most important angles we unearthed and try to explain the logic behind them. So strap on your helmet, throw on your shoulder pads, and follow our lead as we expose some rare holes in the oddsmakers’ line of defense.
Home vs. Away Teams
Over the past five seasons, NFL home teams in Week 1 are just 31-42-7 ATS (42 percent). This of course implies that roadies are a 58 percent winning proposition during this time. The public at large has a tendency to overvalue home teams and this is especially true in Week 1 when there is no current season data to make predictions from. Consequently, the oddsmakers almost surely shade the home teams, by and large making road teams the choice for the value player.
Conclusion: Look long and hard at road teams first when handicapping the opening week.
Price ranges
Favorites are just 31-42-7 ATS (42 percent) in the opening week over the past five NFL seasons (Coincidentally, home teams hold the same ATS record as noted above). This means that underdogs bark at a 58 percent clip. Mid-range favorites performed the worst among our specified price ranges. In particular, favorites priced between –3 1/2 and –6 1/2 are only 8-15 ATS (35 percent) during this time.
The same basic pattern holds true when looking at home favorites (road favorites gravitate towards a 50 percent mean). Home favorites indeed are just 21-32-3 ATS (40 percent) in the first week of NFL action since 1999. Again, mid-range favorites are similarly the poorest performers when we look at home teams. Consider that home teams priced between –3 1/2 and –6 1/2 have stumbled to a 6-13 ATS (32 percent) mark in Week 1 games the past five seasons.
Conclusion: Like home teams, favorites and particularly mid-range favorites are generally overvalued in Week 1.
Playoff teams
It might surprise you to learn that playoff teams from the prior year versus non-playoff teams from the prior year are a mere 16-23-3 (41 percent) ATS in NFL Week 1 games over the past five seasons. Home teams which made the playoffs versus teams which did not make the playoffs from the prior season drop to a meager 7-14-1 ATS (33 percent) during this time.
Why are playoff teams, and in particular those at home, such bad bets the past five openers? Just as the case with home teams and with favorites, oddsmakers intentionally overprice playoff teams in the opening week to compensate for the public’s propensity to over bet them.
This theory holds true just looking at straight-up records from the past season as well. That is, home teams with winning records from the prior season vs. road teams with losing records from the prior season are just 8-13 ATS in Week 1 NFL games since 1999.
Conclusion: Playoff teams from the prior year and in particular, home playoff teams, are overvalued in Week 1 NFL games.
Scoring defense and scoring offense
Do good defenses and for that matter good offenses from the prior season fare better against the number the following year in Week 1 games? Well, sort of. Generally speaking, teams with a solid offense or defense from the prior season tend to do well in the opening week so long as they are on the road. As a host, however, the best offenses and best defenses from the prior year tend to be overvalued in Week 1.
Consider that the top five scoring defenses (i.e. points allowed) from the prior season are a nice 8-4 ATS (66 percent) on the road in NFL openers the past five seasons. Meanwhile, the top five scoring defenses from the prior season are just 3-8-2 ATS (27 percent) as a host in Week 1 during the same time period.
There is no discernable advantage or disadvantage for teams with a top five scoring offense (i.e. points scored) in Week 1 games. However, when we look at scoring offenses from the bottom up (isolating the five worst offenses from the prior season), the results are rather interesting. In particular, teams ranked in the bottom five in scoring offense from the prior season are 9-4-1 ATS (69 percent) when on the road in Week 1.
The logic is simply that the public perception is a poor scoring offensive unit from the year prior will have little chance of winning on the road in Week 1. In turn, the oddsmakers compensate for this perception and these poor offensive teams from the year prior carry extra line value on the Week 1 trail.
Conclusion: Teams with top-ranked defenses from the previous season are good bets when playing on the road, but poor bets when playing at home. Also, teams ranked among the bottom five in scoring offense from the prior season are generally a good value in their Week 1 openers, provided they are playing on the road.
Scoring margin
An exceedingly straightforward way of measuring scoring offense and scoring defense together as a whole is to look at a team's “margin." Margin is simply scoring offense minus scoring defense, which is a fairly clear-cut measure of how a team does on both sides of the ball. Typically, the higher the margin, the better the team.
In this regard, it might seem counterintuitive that teams carrying the higher margin from the prior season in week one matchups are merely 31-42-7 ATS (42 percent). Furthermore, road teams with the higher margin are 14-20-6 ATS (41 percent), while home teams with the higher margin are 17-22-1 ATS (44 percent). Once again, these results line up with the theory that better teams from the prior year are overvalued come opening day of the following season.
Conclusion: “Better” teams, which often boast a higher margin than their opponent, are overvalued the following season in NFL openers.
In sum
Oddsmakers cater NFL betting lines to match public perception and also to bait the public into poor bets. The temptation to use the prior year’s success as a buy sign for how a team will perform against the spread in Week 1 of the following season is an enormous trap.
The fact is, isolating road teams, road dogs, non-playoff teams vs. playoff teams, teams with a losing record or low margin vs. playoff teams or ones with a high margin from the previous year is where the line value resides. Quite simply, taking the road less traveled is your surest path to NFL betting profits.
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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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