California Derby goes to local favorite
Horseracing Betting Lines
01/14/2012 - Berkeley, CA (Sportsbook Betting Lines) - Local stakes winner Russian Greek, the 3-2 favorite, came from last to win Saturday's $100,000 California Derby at Golden Gate Fields. The 1 1/16-mile race for three-year-olds is a prep event for the track's $200,000 El Camino Real Derby on February 18.
One of two horses in the race trained by Jerry Hollendorfer, Russian Greek started from post six with Aaron Gryder riding. Shipping up from Santa Anita was the 9-5 early favorite Hodge.
Setting the pace was Reconstruction, the other Hollendorder trainee, with Hodge running in second followed by Unveiled Heat and Cahill Chrome. Around the final turn Hodge, ridden by Russell Baze, took the lead with Unveiled Heat to his outside and Cahill Chrome three wide around the turn.
Russian Greek trailed the field by more than seven-lengths in the early going and began his move on the turn for home and moved to the outside for the strtetch run.
The favorite made a late rally to catch Cahill Chrome just before the wire and post a length victory. Finishing third was 4-1 third choice Senor Rain followed by Hodge, Unveiled Heat, Blacky the Bull and Reconstruction.
Russian Greek covered the distance on Golden Gate's synthetic track in 1:45.07.
Owned by Olympia Star Inc., Russian Greek picked up $60,000 in his third win over four career starts. The colt has banked $121,700.
After beginning his career with a win at San Rosa last July, Russian Greek finished fifth in the Golden Nugget Stakes at Golden Gate. He won the Gold Rush Stakes with another last to first rally at the Bay Area track.
Russian Greek returned $5.40, $3.40 and $2.60. Cahill Chrome paid $18.00 and $6.60, and Senor Rain paid $3.60 to show.
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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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