Spring racing at Pimlico shows decline in handle

Horseracing Betting Lines

05/26/2010 - Baltimore, MD (Sportsbook Betting Lines) - The recently concluded spring race meet at Pimlico Race Course showed a noticeable drop in wagering from 2009. The Maryland Jockey Club announced that average wagering figures were down nearly nine percent during the meet that ended Saturday, May 22.

"We expected the numbers to be down based on the Preakness figures, which dictate whether the numbers will be up or down for the meet," said Tom Chuckas, Maryland Jockey Club president and chief operating officer. "The build up to this year's Preakness did not match 2009 when Rachel Alexandra- mania took over the industry. But we were still able to generate the sixth largest handle ever in the 135-year history of the event."

The average daily handle dropped 8.7 percent from $6.854 million to $6.257 million. However, attendance rose almost 10 percent at Pimlico with the Preakness attracting 95,760 compared to last year's crowd of 77,850.

"We are proud of this year's infield experience and our partnership with Susan G. Komen for the Cure on Black-Eyed Susan Day which made for an outstanding weekend," added Chuckas. "Our staff is meeting Friday afternoon to begin planning for the 2011 Preakness. We will look for ways to build on the momentum that began here a week and a half ago."

This year's 135th Preakness Stakes had wagering of more than $52.76 million with the entire race card on May 15 totaling better than $79.million, sixth among Preakness Day handles.

In 2009 the respective numbers were $59.7 million and $86.6 million.

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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

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Kurt Warner to start, Matt Leinart to watch

Despite the debate that's swirling , Kurt Warner will remain the starting quarterback for the Arizona Cardinals, coach Dennis Green said today. The Arizona Cardinals are the +7 point underdog at online sportsbook MySportsbook.com for this Sunday's game.

Green's comment came in a statement released by the team following an ESPN report that Green decided that rookie Matt Leinart would replace Warner as starter for Sunday's game at Atlanta.

"Generally talking about the starting lineup is not something we do," Green told the AP. "However, given the speculation that was out there we want to make it clear. We're disappointed after last week, but we still expect to be a playoff football team and we fully expect Kurt Warner to be the quarterback that leads us. That has not changed."

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