IndyCar cancels championship celebration event

Autoracing Betting Lines

10/17/2011 - Las Vegas, NV (Sportsbook Betting Lines) - Following the death of two-time Indianapolis 500 winner Dan Wheldon, officials from the IZOD IndyCar Series have called off Monday's Championship Celebration at Mandalay Bay Resort in Las Vegas.

Wheldon was killed in a 15-car crash that occurred in the early going of Sunday's season-ending race at Las Vegas Motor Speedway. Race officials canceled the scheduled 300-mile race after the lap 11 incident. Drivers later paid tribute to Wheldon with a five-lap parade around the 1.5-mile track.

"No words can describe my feelings as I reflect on my memories of Dan," IndyCar Chief Executive Officer Randy Bernard said in a statement. "His infectious smile, bubbly personality and big heart made Dan one of the most caring people I had ever met. You could never ask for a better ambassador to a sport.

"Dan represented IndyCar with the utmost respect and integrity. Dan will not only be immortalized as being a great racer but also a wonderful person. My prayers are with Susie and his two children in this very difficult time."

IndyCar said in a news release that information regarding a public memorial for Wheldon will be released at a later date.

Dario Franchitti claimed his record third straight and fourth overall IndyCar championship.

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Why Sports Betting is so much fun?

Betting Sports

The most popular sports to bet on are NFL and college football along with NBA and NCAA basketball. There are multiple betting opportunities within those sports, beginning with the basic wager on a game’s outcome (also called betting the side). College Football Point spreads are used in both football and basketball in an attempt to even the attractiveness of each team in a match-up. ( See our article detailing how and why point spreads are made)

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Points (or Runs) Scored

Another bet across all major team sports including football, basketball, baseball, and hockey involves wagering on the amount of scoring in a game, called an Over/Under total. For example, the Over/Under total on Super Bowl XXXIX was 48, which means a bettor could wager whether there would be more or less than 48 points scored by both teams combined in the game.

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Future Bets

Sports gambling doesn’t end there. Betting sides and totals are the most common wagers available everywhere, but many sportsbooks also offer future bets on big upcoming events like who will win next year’s Super Bowl and what movie will win Best Picture at the Academy Awards.

The main advantage of futures is that you can get appealing odds by betting far in advance. For example, with NFL futures you often can get much higher odds on a team by betting before the season even starts. A NFL future bet on a team to win the Super Bowl odds might be 20/1 in the preseason; but by midseason, their odds might decrease to 10/1 if they turn out to be legitimate championship contenders.

Proposition Bets (or Prop Bets)

Proposition bets , also known as prop bets, focus upon the more exotic aspects of a game and are generally reserved for events that are widely televised. Prop bets are extremely popular when it comes to wagering on the Super Bowl in Las Vegas. The Imperial Palace Casino’s sportsbook is well-known for the enormous number of prop bets offered. For example, you can bet on:

Types of Bets

Straight Bet

Involves one individual wager, whether it be on your team to cover the point spread, to win the game straight-up on the money line, or to go over/under the total.

Sports Betting Parlays

A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay bet is much better odds than placing each individual bet separately since the difficulty of hitting it is much higher.

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Adventurous bettors who enjoy betting parlays sometimes put together a series of parlays called a Round Robin . A three-team Round Robin consists of one three-team parlay and three two-team parlays. For example, Joe likes teams A,B,C – with a Round Robin he has a three-teamer with ABC, and two-teamers with AB, AC, and BC.

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