Dan Wheldon dies after crash in IndyCar Las Vegas race

Autoracing Betting Lines

10/16/2011 - Las Vegas, NV (Sportsbook Betting Lines) - Former IZOD IndyCar Series champion and two- time Indianapolis 500 winner Dan Wheldon died from injuries sustained in a horrifying 15-car crash during Sunday's 300-mile season-finale race at Las Vegas Motor Speedway. He was 33 years old.

Wheldon, who captured his series title in 2005 and won his second Indianapolis 500 five months ago, was fatally injured after his car became airborne. The vehicle then appeared to hit the outside wall and catch the fence along the backstretch, and erupted into flames. The incident occurred after Wade Cunningham ran into the back of J.R. Hildebrand, sending Hildebrand's car airborne and triggering the crash.

IndyCar chief executive officer Randy Bernard made the announcement of Wheldon's death roughly two hours after the accident occurred.

"IndyCar is sad to announce that Dan Wheldon passed away from unsurvivable injuries," Bernard said. "Our thoughts and prayers are with his family today."

Bernard also announced the race would not finish. Shortly after, drivers made a five-lap salute to Wheldon.

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Sportsbooks to bet on football

Recently I had an email debate with an angry reader who said I did not understand "the science of oddsmaking", as he called it.

He said I was wrong for suggesting oddsmakers care about who wins or loses games.

"Oddsmakers only care about splitting the betting public 50/50 on both sides of the line and keeping the commission (a.k.a. juice)," he wrote.

He might have been right about not understanding "the science of oddsmaking". After all, I'm not an oddsmaker. That said, I stick to my assertion that oddsmakers (a.k.a. sportbooks) often do care about who wins games.

Granted, as a general rule, sportsbooks try to balance their action so that they're not exposed to big losses. However, there are times when this is difficult to pull off, regardless of how much a line has moved. There are also times when that general rule is ignored and a book pursues risk.

Generally speaking, it's safe to say the books in Vegas are risk-adverse. Unlike in the past when the wise guys ruled the town, Vegas is now corporate and the goal of most casinos is to make as much money as possible with as little risk as possible.

Thus, Vegas sportsbooks try everything in their power to balance the action. They're satisfied simply collecting the juice. But these profits are small, especially compared to the take from other casino games, namely slot machines.

Because the profits at Vegas sportsbooks are so small, you could argue that many casinos operate sportsbooks simply as a novelty to keep the tourists happy.

With a growing aversion to risk, it should come as no surprise that Vegas bookmakers have been panicking this NFL season.

Despite huge pointspreads, a disproportionate percentage of bettors are still laying their money on favorites like the Eagles, Colts, Pats and Vikings rather than the dogs (a common trend for the largely recreational bettors that visit Vegas).

And much to the dismay of the books, those favorites are finding ways to cover the thick chalk. In fact, prior to Week 7, the four teams listed above are a combined 16-2-2 (88 percent) against the spread. (The tables turned dramatically in Week 7, but more on that later.)

The result has been an early-season beating for the books, and a bonanza for bettors.

While Vegas increasingly hates risk, it's no longer a major player in the sports betting world. Most of the betting action now takes place offshore where sportsbooks are not as obsessed about balance. In fact, some books encourage exposure to risk because the rewards can be so much bigger.

Consider MySportsbook.com. On its website, the book has odds pages which actually display the amount of action it's getting on games. In other words, you can see how much action the book is taking on both sides of a pointspread, moneyline or over/under.

One look at these numbers and it's obvious MySportsbook.com does not balance every game. In fact, far from it.

Take last weekend's matchup between St. Louis and Miami. By game time on Sunday, 83 percent of the betting action at MySportsbook.com was on the Rams; only 17 percent was on Miami.

What's interesting is that MySportsbook.com opened the pointspread with Miami at +6 1/2. By game time, the spread had lowered to +5.

That goes contrary to the balancing theory. If MySportsbook.com had wanted to balance the action, it would have given Miami more points; instead, it took away 1 1/2. World Series odds are now up as well.

MySportsbook.com exposed itself to even more to risk, and rolled the dice on the underdog Dolphins. Why? I contacted a representative with the book to find out. His answer was simple.

"The line moved early based on 'smart money' from sharp players," said Jeff Gilroy, a spokesperson for the book. "We also knew from early in the week that we would need Miami, therefore (we dropped) the spread to encourage Rams money.

"At the end of the day, we liked the home team."

So the conclusion is this: MySportsbook.com respected the sharp action, and gambled that the sharp bettors had a better take on the game than the recreational bettors, who were hammering the visiting Rams.

In the end, the gamble paid off. Miami, desperate for a win in front of its home fans, pounded the overrated Rams, who are terrible on the road and even worse on grass. Final score: 31-14 Fish.

MySportsbook.com was also heavily exposed on numerous favorites in Week 7, including Philadelphia, Seattle and Denver. All three failed to cover.

The fact that sportsbooks are exposed to risk on certain games is really nothing new. The fact, that Sportsbook.com is willing to show the public where it's exposed is intriguing.

Armed with this type of information, bettors can make more educated wagers. They can get an idea where the sharp money is going and conversely where the public money is headed.

MySportsbook.com is opening up its cashbox, letting bettors look inside and challenging them to take their best shot at grabbing the cash.

To visit this online football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.

Online Sportsbook Football Betting

LaDainian Tomlinson Favorite to be 2007 NFL MVP

With the first NFL preseason game less than two weeks away, it is time to start thinking about football once again at MySportsbook.com. Reigning NFL MVP LaDainian Tomlinson is currently the 5-1 co-favorite to win the award again alongside Super Bowl MVP Peyton Manning.

This shouldn’t be a surprise to anyone after his all out assault on the record books last season. For those suffering from amnesia or were under a rock last football season, all L.T. did last season was set the NFL record for rushing touchdowns (28), total touchdowns (31) and total points scored (186) to go along with his 1815 rushing yards and 508 receiving yards. At 6-1, Tom Brady is next in line which isn’t surprising considering all of the firepower the Pats added over the off-season. With the addition of Randy Moss, Donte Stallworth and Wes Welker; it would be quite difficult for Brady’s numbers not to improve from last years 3529 yards and 24 touchdowns. There appears to be some decent value in Drew Bees at 10-1 considering he probably would have won the award last year if it wasn’t for L.T.’s record breaking season.

There is no reason to think the Saints will come back to earth this season and playing in a weak NFC, they should have as good a shot as any to represent the NFC in the Super Bowl. At 15-1, Donovan McNabb could also be worth a look. Remember, many felt he was the MVP of the first half of the season before going down with a season ending injury. Reportedly, he is in great shape and well ahead of schedule to return to form. Also, he could have some added motivation to put up big numbers this season with the Eagles using their first pick in the draft on McNabb’s future successor Kevin Kolb.

Be sure to log on to MySportsbook.com to check out the complete odds for NFL MVP as well as all of the new football related futures. With the popularity of NFL futures, these betting lines will be sure to change as the money comes in; get the early sports lines now.

MySportsbook is considered one of the finest football sportsbooks according to several surveys performed by independent industry analysts considering such factors as payout accuracy and timeliness, overall quality of website, and bettor satisfaction.

MySportsbook is a large company with strong financial backing. Considered the best sportsbook for betting football online You will find their customer service is second to none and their web site is extremely user friendly and easy-to-use. All major professional sports games are available. Once you signup with MySportsbook, you may never use another online sportsbook again.

To visit this online sportsbook got to MySportsbook.com for all your football gambling needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.