Castroneves penalized for post-race outburst at Edmonton

Autoracing Betting Lines

08/02/2010 - Indianapolis, IN (Sportsbook Betting Lines) - The IZOD IndyCar Series on Tuesday handed driver Helio Castroneves a $60,000 fine and placed him on probation for the remainder of the season following his post-race altercation with officials last month in Edmonton, Canada.

Castroneves was penalized for refusing to follow the direction of race officials and unsportsmanlike conduct when he engaged in a heated altercation with two officials on pit lane after the conclusion of the race.

IndyCar officials met with Castroneves on Sunday in Indianapolis to discuss his actions.

Castroneves was leading the race at Edmonton when he was issued a black flag for blocking his Team Penske teammate Will Power just after a restart with three laps remaining. He failed to take the drive-through pit-lane penalty.

At the conclusion of the race, Castroneves was penalized 20 seconds and placed at the tail end of the lead lap, which resulted in a 10th-place finish. Castroneves had crossed the line first, but Scott Dixon from Chip Ganassi Racing was awarded the victory.

Castroneves was furious with the decision. He confronted the two officials and made physical contact with one of them after he exited his car.

"I fully support the decisions of chief steward Brian Barnhart and Race Control," Randy Bernard, the chief executive officer for the series, said in a statement. "The drivers have been aware of the blocking rule for quite some time. Brian reminded the drivers of the blocking rule in the Edmonton pre-race drivers' meeting, which serves as the first warning, and the rule was executed during the race, just as it dictates."

IndyCar officials contemplated the possibility of suspending Castroneves.

"This is a very serious matter, and we weighed all options, including suspension, but we felt suspension would hurt the fans more than anyone else," Bernard added.

Wwmsnbc Autoracing Betting News

<< Ducks sign veteran D Sutton
Anaheim, CA (Sportsbook Betting Lines) - The Anaheim Ducks signed defenseman Andy Sutton to a two-year contract on Monday. Sutton, 35, split last season with the Islanders and Senators and totaled five goals and eight assists to go with 107 penalty

<< Roush upgraded to fair condition at Mayo Clinic
Concord, NC (Sportsbook Betting Lines) - NASCAR multi-team owner Jack Roush was upgraded to fair condition Sunday evening at the Mayo Clinic in Rochester, MN. Roush Fenway Racing released an update on Roush's condition on Monday. The 68- year-old is r

<< Cubs place Silva on DL, recall two
Chicago, IL (Sportsbook Betting Lines) - The Chicago Cubs placed right-handed pitcher Carlos Silva on the 15-day disabled list on Monday, among three roster moves. Silva is sidelined as he undergoes a cardiac evaluation after he was forced to leave

<< BoSox place Cameron on DL
Boston, MA (Sportsbook Betting Lines) - The Boston Red Sox placed outfielder Mike Cameron on the 15-day disabled list Monday and recalled outfielder Daniel Nava from Triple-A Pawtucket. Cameron, whose move is retroactive to July 31, has been battling

<< Li, Goerges roll in Copenhagen openers
Copenhagen, Denmark (Sportsbook Betting Lines) - Second-seeded Li Na of China and recent Bad Gastein champion Julia Goerges were a pair of first-round winners Monday at the $220,000 e-Boks Sony Ericsson Open. The world No. 11 Aussie Open semifin

Cardinals agree to terms with first-round pick Williams >>
Tempe, AZ (Sportsbook Betting Lines) - The Arizona Cardinals and defensive tackle Dan Williams, the team's first-round pick in the 2010 draft, have agreed to terms on a five-year contract. Financial terms were not disclosed. Williams, the 26th o

Sabres sign defenseman Morrisonn >>
Buffalo, NY (Sportsbook Betting Lines) - The Buffalo Sabres have agreed to terms with defenseman Shaone Morrisonn on a two-year contract. No terms of the deal were announced. The 27-year-old Morrisonn scored one goal and added 12 assists in

Vanderbilt's Caldwell has interim tag removed >>
Nashville, TN (Sportsbook Betting Lines) - Vanderbilt has reportedly removed the interim tag from head football coach Robbie Caldwell's title. The Tennessean said that Vanderbilt Vice Chancellor David Williams II announced the move Monday a

Youkilis leaves with thumb injury >>
Boston, MA (Sportsbook Betting Lines) - Boston Red Sox first baseman Kevin Youkilis left Monday's game against the Cleveland Indians with an injured right thumb. In the second inning, Youkilis lined out to shortstop and grabbed his right hand.

Bengals ink top pick Gresham >>
Cincinnati, OH (Sportsbook Betting Lines) - The Cincinnati Bengals have reportedly agreed to terms with tight end Jermaine Gresham, their first round draft choice. According to the Cincinnati Enquirer, it is a five-year deal worth $15

Since the late 1990's, MySportsbook.com has been an online sportsbook / poker room / casino that focuses on quality.. MySportsbook caters to the experienced sports fan who values reliability and accuracy, with great attention to detail. MySportsbook's success over the past 3 years has made them the envy of the sports gambling industry. There are hundreds of sites appearing all over the Internet claiming to be the next best sportsbook online, each one is trying to use the same marketing techniques as MySportsbook originated.

If you want to try the most stylish and reliable type of online sportsbook, go with MySportsbook. Most online sportsbooks give you live odds and plenty of games and events to bet on, at MySportsbook they'll give you that and more. While perfection may be a lofty goal, MySportsbook attempts to achieve that goal. All sorts of ways to bet on football, football betting, Super Bowl betting lines.

To visit this online sportsbook got to MySportsbook.com for all your football sportsbook needs.

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.