The NASCAR betting market continues to increase as more and more states legalize sports betting. While interest should go up as legalization grows across the country, NASCAR betting is just starting to take off. NASCAR and Genius Sports are involved in an exclusive multiyear betting data partnership to help build a larger betting audience.
While it doesn’t compare to a sport like the NFL as far as the amount of money people wager on it, NASCAR is doing well as it adapts to the new world where sports betting is more commonplace. The number of states that allow betting on NASCAR continues to grow and is fluctuating with legislation still being worked out in some areas and more states coming onboard soon.
Through online sportsbooks and sportsbook apps, it is as easy as ever to create a betting account and start wagering on NASCAR. Sports betting is now legal in the state of Virginia, and people will likely have the opportunity to place bets on NASCAR right around the time of the Daytona 500 in early 2021 when it’s expected to launch.
Throughout this article, you will learn the basics of betting on NASCAR along with tips, popular betting types and some basic info on the sport.
NASCAR does not short its bettors one bit on the number of bet types available. Here’s a look at some of the betting options NASCAR fans and bettors can look forward to when they’re getting ready for the next race on the schedule.
NASCAR features a fairly long season starting in February and running through November with 38 races spanning the 10 months. Throughout the year, there are a few races that stand out among the rest. Here’s a look at some of the biggest events on the NASCAR schedule.
There are a multitude of ways to bet on NASCAR races, with the most popular NASCAR betting options listed below:
NASCAR bettors have several futures betting options. Futures bets refer to an event that has yet to take place and whose outcome could even be months away. Here is a list of potential futures bets available to NASCAR bettors:
Futures bets are difficult to predict because so much can happen during a given time period, and there are usually quite a few betting options to choose from. Because of these factors, payouts for these odds tend to be high if you can predict them correctly.
As we referenced earlier, head-to-head betting is a fun way to bet on NASCAR. With a race that typically features 40 drivers, you can essentially turn it into a two-person race when two drivers are matched up against each other. The lesser driver according to oddsmakers will have a larger potential payout, while the favorite among the two drivers would have a smaller payout. Oftentimes head-to-head wagers are available for the better NASCAR competitors, as placing the big names on the betting board is key to getting more people to place bets.
The NASCAR Cup Series betting odds will fluctuate as we get closer and closer to the final race of the season. Drivers earn points by how well they finish throughout the season in addition to the number of laps led. When NASCAR has 10 races remaining, the top 16 drivers get seeded for the postseason based on performances leading up to that point.
Once the 16 drivers are identified, the NASCAR odds will continue to move up and down based on results of the races leading up to the final event of the season as NASCAR seeks to determine a champion for the entire year. Odds for the favorite will continue to move in his direction leading up to the final race, so getting your wager in earlier could lead to a higher payout.
Prop betting is a popular form of sports betting, and sportsbooks can get creative with these. What separates prop bets is that they do not necessarily have a direct impact on the result of the final outcome. You can look at them as a side bet to entertain yourself as you’re watching the race. Below is a list of potential prop bets in NASCAR.
Live betting has been a very successful idea for the sports betting industry. Also referred to as in game betting, it gives bettors the opportunity to place wagers on events while they are going on. Previously, wagers had to be finalized prior to the start of the event. That is no longer the case with the concept of live betting, which can be a thrill in itself.
Live betting can be a fun way to entertain yourself during a race. The lines and odds move at a rapid rate, so it’s important to be quick to get your wager in once the odds reach the number you find valuable. Depending on what sportsbook you’re using, there might be different live betting options available. Some of the common options include the race winner, top three finishers and the over/under finishing positions of competing drivers.
NASCAR has a long season, lasting around 10 months with action just about every single weekend, so its fans do not get shorted one bit. The year starts with the Daytona 500 to get the season going. NASCAR is unique in that its main event begins the year.
NASCAR drivers earn points throughout the season that will go toward advancing to the postseason. Drivers accumulate points by where they finish in the race and other factors like laps led, and these points decide which drivers will ultimately advance to the playoffs to compete for a championship in November.
The top 16 drivers are eligible for the NASCAR Cup Series Championship, and they compete during the final 10 races of the year to determine the season’s winner. The number of drivers competing for the final spot will dwindle as the season gets closer and closer to finishing, until there is one champion left.
Now that you know the basics of NASCAR and the many ways to bet on the sport, let’s take a look at a few tips to help you get started with betting and potentially even winning.
NASCAR stands for the National Association for Stock Car Auto Racing.
Qualifying runs place drivers in an order to start a race. How well drivers perform during qualifying sessions determines where they will start that weekend’s race. The fastest driver during qualifying will start the race in the poll position.
Richard Petty has won the Daytona 500 a total of seven times, which is the most of all time. Five other drivers have won the race at least three times: Cale Yarborough (four), Bobby Allison (three), Dale Jarrett (three), Jeff Gordon (three) and Denny Hamlin (three), who won the race in 2020.
NASCAR’s headquarters is in Daytona Beach, Florida.
There are typically 40 drivers competing in a NASCAR race.