Another purse boost for Louisiana Derby

Horseracing Betting Lines

08/10/2010 - New Orleans, LA (Sportsbook Betting Lines) - For the second straight year the Louisiana Derby at the Fair Grounds will receive an increase in purse money. The 1 1/8- mile race for three-year-olds will be worth $1 million an increase of $250,000.

"Our goal is to make the Louisiana Derby the number one Kentucky Derby prep race and a $1 million purse puts us on par with any of them," said Fair Grounds Vice President and General Manager Eric Halstrom. "When you consider the nice monthly progression of our three-year-old stakes series, comprised of three graded races that can help a horse accrue the earnings they need to make the Kentucky Derby, along with the reputation of our main track as a forgiving surface that gets horses exceptionally fit, there's no better place to get a promising three-year-old ready for the Triple Crown.

"I'm especially pleased that we were able to substantially boost the Louisiana Derby purse to this historic level without impacting any of the money committed to our hefty overnight purses."

The Louisiana Derby, which will be conducted for a 98th time on March 26, 2011, had its purse boosted this year from $600,000 to $750,000. The other two graded stakes for three-year-olds at the Fair Grounds are the Lecomte and Risen Star Stakes.

"A Louisiana Derby purse boost will make it easier for the top few finishers to amass the graded earnings they need to make the gate for the Kentucky Derby," said Donald R. Richardson, Vice President of Racing for parent company CDI. "This year it took more than $225,000 in graded earnings to be in the Kentucky Derby field, the highest cutoff ever. Next year I believe horsemen are going to be more careful about choosing to run only in the richest graded events."

The 2010 Louisiana Derby was won by Mission Impazible, who finished ninth in the Run for the Roses. Finishing second behind Mission Impazible was A Little Warm, winner of last month's Jim Dandy Stakes at Saratoga. Drosselmeyer was third and went on to capture the Belmont Stakes.

The track's 2010-11 live racing season will beginning Thanksgiving Day, November 25 and conclude on Sunday, March 27.

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What Is the Point Spread?

What are Sports Betting Point Spreads?

In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.

Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).

If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).

Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.

How to Read Point Spreads

New England Patriots -7 vs. Philadelphia Eagles

The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)

In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:

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