Budweiser moving sponsorship to Harvick's No.29 team in 2011

Autoracing Betting Lines

08/17/2010 - Welcome, NC (Sportsbook Betting Lines) - Kevin Harvick will become NASCAR's next "Bud Man," starting in 2011.

Richard Childress Racing announced on Tuesday that Budweiser will serve as primary sponsor of Harvick's No.29 team for 20 points races, two non-points races during Daytona Speedweeks and co-primary sponsor of the NASCAR Sprint All-Star Race in Charlotte next year. The beer brand will remain an associate sponsor for the remaining 16 point races on the '11 schedule.

"Budweiser is one of the most respected sponsors in our sport," said Harvick, who is the current Sprint Cup points leader and the first of 12 drivers who has clinched a spot in this year's championship Chase. "They do a lot to market their teams and the sport in television broadcasts and away from the track. I'm looking forward to driving the No. 29 Budweiser Chevrolet, taking it to victory lane and winning championships."

In April, Harvick's current primary sponsor -- Shell/Pennzoil -- announced it will leave RCR at season's end and move over to Penske Racing to sponsor Kurt Busch and his new No.22 ride, beginning next year.

Harvick signed a multi-year contract extension with RCR in May. He has driven the No.29 car for RCR in Cup since replacing Dale Earnhardt after Earnhardt's fatal crash in the 2001 Daytona 500. Harvick has recorded 14 career Cup victories, including a win last Sunday at Michigan. He also is a two-time Nationwide Series champion (2001 and '06).

"Throughout his career, Kevin has shown he can win at any level in NASCAR," team owner Richard Childress said. "Combining his talent with Budweiser's NASCAR lineage and proven track record of innovative sponsorship activations makes this an exciting pairing for fans everywhere. RCR prides itself on its heritage and authenticity, so working with a brand like Budweiser, which has built their reputation on those same values, is a very special opportunity."

Budweiser currently supports the efforts of Kasey Kahne's No.9 Ford team at Richard Petty Motorsports. But Kahne is leaving RPM at the end of this season to drive one of two Red Bull Racing cars for next year. He will then move over to Hendrick Motorsports in 2012 to take over the wheel of Mark Martin's No.5 car.

"The King of Beers" also has sponsored Dale Earnhardt Jr., Wally Dallenbach, Ricky Craven, Ken Schrader, Bill Elliott, Geoff Bodine, Darrell Waltrip and Terry Labonte since it entered the Cup circuit in 1983.

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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."

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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.

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