Betting on NASCAR is more complicated than just betting on one driver to win a race. The truth is that there are various types of NASCAR bets that you can place a wager on every week for the regular and post-season. However, before you can start betting on this popular form of motorsports, you must learn about the proper way of how to bet on NASCAR, the type of bets you can place a wager on, and other strategies you need to know.
NASCAR is fast-paced motor racing, and betting on it enhances the excitement and fun for racing fans. NASCAR Drivers are literally putting their lives in danger for hours at a time, lap after lap, and they can’t afford to rest and lose their focus for even a second.
Fortunately, now that sports betting has become legal in more and more states, motorsports fans and sports bettors can also put their money on the line. And in this comprehensive guide, we’re going to provide you with the information on exactly how to do it.
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How To Understand and Read NASCAR Betting Odds
Generally, there are three primary ways that you can place your bet on NASCAR racing sport. They are placing a futures wager which is choosing which driver will win the NASCAR Cup, and the weekly wagers such as head-to-head and outright winner bets. Unlike other traditional North American sports in which you bet to cover a spread on the money line or go OVER/UNDER a specified total, NASCAR is all about choosing which driver will win.
In other sports, the favorite to win is usually indicated with a minus sign next to their betting odds. But in NASCAR betting odds, The favorite to win will always have a plus sign next to their betting odds. So, If your choice to win has a minus sign such as -120, you have to wager that number to profit $100, so you should bet $120 to win $220, a profit of $100. If your choice has a plus sign like +130, you profit from that number by betting $100, so you should bet $100 to win $230, a profit of $130.
The reason for these differences and better value odds in NASCAR betting is that too many unknown variables can happen during a race, like mechanical failure, accidents, and even driver or crew mistakes on pit stops that could affect your chosen driver’s chance to win.
If you are looking at a longer-term betting option, we recommend placing a wager using a futures bet option, where you can select which NASCAR driver will take the Cup and title at the end of the racing season. Generally, a futures bet can provide you with better odds and winnings than other types of bets in NASCAR racing because there is much more volatility over a season than in a single race.
Here is an example of future betting odds at a sportsbook or betting station to better understand what we are talking about.
Odds of Winning The NASCAR Cup
Kevin Harvick +500
Kyle Busch +500
Martin Truex Jr. +600
Denny Hamlin +700
Brad Keselowski +1000
Joey Logano +1000
Kyle Larson +1000
Chase Elliott +1200
In addition, Future betting odds also have smaller fluctuations throughout the season when it comes to betting odds. It is because one race doesn’t affect and hinder an entire season that much until the NASCAR playoff season starts.
However, there are more significant swings in the betting odds whenever a driver gets removed from the Season Cup contention. That being said, due to substantial odds changes near the end of the season, the NASCAR futures betting option allows you to hedge your bet to have a better chance of earning a profit.
For example, if you have placed a future bet on Kevin Harvick to win the NASCAR Cup at +500 at the beginning of the season, and that driver advances to the finals. And another driver, like Denny Hamlin, who now has an odds of +500, also advances in the finals, then placing a bet on Denny Hamlin would give you two drivers in the finals that could provide you with a better chance of winning the bet and earn you a profit.
Outright Winner Betting Option And Place Betting
Now, unlike the futures betting option, where you must wait for the end of the season to collect your wins. You can place a wager on which driver will win the next NASCAR race each week using the outright winner betting option. In addition, many books and betting stations will enable you to be a little more cautious and allow you to choose whether a NASCAR driver will finish in the top three, top five, or some other variations of winning during the next race.
On the other hand, choosing a NASCAR driver that would win the next race is not that easy and is quite challenging to predict due to accidents, mechanical failures, and even problems on pit roads that could occur during the race. So, overcoming these odds and fending off the other 39 drivers is difficult. This betting option has higher odds of +300 (3:1) or more significant for the favorite to win and much higher odds for other drivers. Because of this, bettors commonly select a driver paying +1000 (10:1) on any given race.
So, to minimize the risks of picking a driver to win the race outright,
Many online sportsbooks and betting stations provide bettors the Option of betting on a driver to finish in the top five. This Option enables you and other bettors to choose a strong driver that may get passed on the last lap but still allows you to be a winner, but the payouts are much lower.
For example, if you choose Kevin Harvick to win, the odds for him winning the race can be +300 (3:1). However, if you bet on him to finish in the top five, he may have lower odds of -120 (wager $120 to profit $100).
Head-to-Head Betting Option
Most sportsbooks and betting stations offer head-to-head betting options in which the bettor will have two NASCAR drivers matched up against each other, and you and other bettors have to choose which driver will finish better.
Now, unlike the futures bet or the outright winner betting option, the odds are much lower for a head-to-head betting option wager. It is more similar to team sports betting in which one team (driver) will be a slight favorite against the other team (driver) which comes as a slight underdog.
For example, using the following matchup
Denny Hamlin -130
Kevin Harvick +110
In this Head-to-Head matchup, Denny Hamlin is a -130 favorite to finish higher than Kevin Harvick, who is coming at +110 odds of winning against his competitor.
Other popular NASCAR Betting options Available
In addition to the NASCAR Betting options mentioned above, here are some other NASCAR betting options to look for at your sportsbook and betting stations.
Manufacturer Odds Betting Option
This betting option lets you bet on which car manufacturer the NASCAR race winner will drive. The odds used in this betting option are based on season records, race type, and past success at the track. The NASCAR Cup Series racing includes cars by different manufacturers, such as Chevrolet, Toyota, and Ford.
Stage Winners Betting Option
Generally, NASCAR races are divided into different stages. Because of this, some betting sites may offer derivative odds on which driver will win a particular race stage.
Speed lanes Betting Option
Like head-to-head betting options, speed lanes betting options match three or more NASCAR drivers against each other. It enables bettors to choose which driver among the group will have the best finishing position at the end of the race.
Live odds Betting Option
Some sportsbooks and betting stations offer live odds, also known as in-play wagering, on different NASCAR races as they take place. This betting option constantly adjusts the odds depending on what is happening on the track.
Race props Betting Option
For Bigger NASCAR events, such as the Daytona 500, betting sites may offer specials or race props. This betting option enables you to bet on different occasions that happen throughout the race, such as the number of caution flags, the number of crashes, or an Over/Under option for the finishing position of select drivers.
Procedure on How To Sign Up At A Betting Site
Step 1: Choose a betting site. We recommend you check out the variety of features and benefits it provides. For Some books offer a more comprehensive range of entertainment, sports, and bonuses. Make sure you explore the different options that are available to select the best one for you according to your betting options and preferences.
Step 2: Sign up for a sportsbook. Registering and Joining a book is simple and quick. Just fill out your name, phone number, email, date of birth, and address. This process enables you to build your bettor’s profile that allows you to view the different options available before depositing money or placing a bet
Step 3: Make a Deposit. After choosing the sportsbook you would like to use for placing your bets, you need to deposit initial funds that you can use to place your wagers.
SportsBooks will provide you with different payment options for making your deposits, like bitcoin, credit cards, etransfer, or Interac.
We suggest that you make a deposit amount that you are comfortable losing. It is highly recommended that you ensure that all your essentials are paid for before depositing hard-earned money into gambling and sports betting.
To determine the amount of money to deposit, consider your average bet size, whether it’s ten dollars or 100 dollars, and compute the money you need to deposit by calculating your average bet as 5% of the money you need for your bankroll.
Step 4: Place your initial bets. After finishing the sign-up process and making your deposit. It is now time to have fun and start betting on NASCAR races. Look through the sportsbook for the market and betting option that you would like to have action on, put in the size of your bet, and then click on the “Place Bet” button to place your bet. It is that easy and straightforward.
Where to Bet on NASCAR Races Online?
Before you place your bets on any NASCAR racing odds, you must find a sportsbook you can trust and depend on.
So to provide you with some idea of where to place your NASCAR Bets online, here are some of the popular online sportsbooks you can try to put your NASCAR bets on.
BetUS Sportsbook is your excellent destination for Online Betting with Sports Betting, Racebook, Live Betting, NASCAR Odds, Online Slots, and a complete Online Casino. It is definitely a great platform to place your NASCAR bets and wagers.
This betting platform accepts Credit Cards, Cash Transfers, CryptoCurrency, and Bank Wire for your convenience and protection.
This online betting station is a popular peer-to-peer marketplace that lets bettors feel safe and secure while betting on NASCAR races online.
ZenSports provides each bettor control over which bets they take or make, using advanced blockchain technology that keeps your information secure.
With Zensports placing your bets on a NASCAR race has never been simpler.
PA sports betting
If you are living in Pennsylvania, you can try PA sports betting. It is an online sports betting site established in Pennsylvania in May 2019 with SugarHouse Sportsbook.
Since that time, other online sportsbooks have been established as well. They include DraftKings, BetRivers, Unibet, FanDuel, and Fox Bet.
We always recommend and suggest to our readers to do their own research to determine the amount of risk they take when using an online betting site.
As we always say, You are always welcome to throw your dart into the dark! We won’t stop you. But knowing the field and understanding the risks involved when choosing a sportsbook you can trust is always a good start.
NASCAR betting Tips and Strategies
You must understand that NASCAR racing has much more than just repeatedly turning the vehicle left. Furthermore, there is much more to betting on it than just picking the best drivers.
To improve your chances of winning in NASCAR racing bets, here are some strategies you can use
Nascar Course Tracks
Most NASCAR drivers excel on certain tracks, such as short-track ovals, superspeedways, and road courses. Learning which kind of track best suits your favorite drivers would be beneficial before making your bets would be helpful.
Similar to a baseball pitcher’s getting locked in or a basketball player with a hot hand, NASCAR drivers can go on streaks, either finishing inside the Top 5 or Top 10 or winning the race outright. But on the flip side, drivers can also get stuck in slumps as well. So it would be best to be mindful of consistent efforts and recent driver forms when placing your bets.
Motivation and GamePlan
NASCAR drivers have different motivations and gameplan for each race. Some are out to win the race, while others are driving for points. Depending on their issues standings and the cut-off for playoff qualifying, Driver’s motivation can vary from race to race. It is crucial to learn the motivation of the driver you bet on, for a driver that doesn’t need to take the win but just needs to earn points by remaining on the track doesn’t offer the same effort to win as a driver who desperately needs a big win or performance. So, it is always wise to be mindful of your driver’s game plan.
Nascar Pit CrewTeams and Crews
Although there’s only one driver behind the wheel, NASCAR is a team sport. In NASCAR, multiple factions will help their teammates on the racetrack. Pit crews and crew chiefs can also impact a driver’s performance, so you need to monitor the efficiency of those crews and watch for any changes that could slow the team down. In racing, each second counts.
In NASCAR, Qualifying and practice runs are important events that can provide you with essential information and insight into how a car will perform on a particular track and also if any adjustments are needed.
Most NASCAR teams have multiple vehicles, with one vehicle designated car No. 1 for that race. So, if something should happen to that top car before the race, like a crash during the qualifying run- the team must scramble to get the backup car adjusted to the track, lowering their chances of winning the race.
Popular NASCAR Races to Bet On
If you are new to NASCAR racing, Here are some of the most popular NASCAR races you can bet on:
- Daytona 500
- NASCAR Cup Series Championship
- Coca-Cola 600
- Federated Auto Parts 400
- Brickyard 400
- Southern 500
- Go Bowling at The Glen
- NASCAR All-Star Race
NASCAR betting forum
If you are pretty new to NASCAR betting and want to learn more about how to bet on NASCAR from a large, knowledgeable community? Then you should check out Covers’ NASCAR betting forum to get picks, ask questions and suggestions and learn from experienced sports bettors.
How to Bet on NASCAR – Final Thoughts
We hope that this comprehensive guide on how to bet on NASCAR has given you the information you need to place your NASCAR bets properly.
This article discusses the three main types of NASCAR betting options: Futures Betting, Head-to-Head, and Outright Winner Betting Options.
Furthermore, we also provided information on how to read and understand NASCAR betting odds, Step by Step procedures for signing up at a betting site, and Tips and Strategies that you can use for NASCAR Betting.
Moreover, we provided you with the list of the best NASCAR races you can bet on, information about NASCAR forums where you can get information, and answers to common questions about NASCAR racing that you can use to improve your win percentage.