Football Betting

New record purse for Daytona 500

Autoracing Betting Lines

02/01/2012 - Daytona Beach, FL (Sportsbook Betting Lines) - Officials from Daytona International Speedway announced Wednesday a record purse of more than $19 million for the February 26 season-opening Daytona 500.

The purse for NASCAR's most prestigious race of the season will include a payout of at least $1.43 million to the winner as well as a new contingency award of $200,000 to the driver leading at the completion of lap 100 -- the halfway point in the 500-mile race.

If the race is under caution at lap 100, the leader of the race at the completion of the fifth consecutive green-flag lap following the caution will receive the $200,000 "Daytona 500 Mid-Race Leader Award."

The second-place finisher in this year's Daytona 500 will receive at least $1.05 million and the third-place driver will collect $759,600.

Twenty-year-old Trevor Bayne won $1,463,813 for his victory in the 2011 Daytona 500.

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SPORTS BETTING

NFL Football Betting Online

In 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.

Stay with us here as we take you through the best in NFL action on a consistent basis, with advice columns as well as handicapping selections. If you're looking for college football betting, that's in our NCAA section, which you can reach by clicking here. And if you're looking for a different kind of football, such as the Canadian Football League, which we'll deal with occasionally, or the Arena Football League, which we really like, you can find it in our Miscellaneous section by clicking

Note: Monday night game will be picked Monday. Lines used are from football betting odds .
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