Janney succeeds Farish as Jockey Club vice chairman

Horseracing Betting Lines

06/22/2010 - New York, NY (Sportsbook Betting Lines) - The Jockey Club has announced that William S. Farish has left his position as vice chairman and has been succeeded by Stuart S. Janney III. The organization's chairman Ogden Mills Phipps made the announcement after Monday's meeting of the Board of Stewards.

Farish served as vice chairman since 1983 and will continue on the Board of Stewards until the end of his term in 2013. He became a member of the The Jockey Club in 1970.

Janney has been with the organization since 1992. He will continue as chairman of The Jockey Club's Thoroughbred Safety Committee.

The Jockey Club is the breed registry for all thoroughbred horses in North America. It is responsible for maintaining The American Stud Book, which includes all thoroughbreds foaled in the United States, Canada and Puerto Rico as well as thoroughbreds imported into those countries from nations around the world that maintain similar thoroughbred registries.

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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.

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