NASCAR betting is rapidly becoming popular in many states across the US. If you are one among many other users who find betting on famous stock car racing interesting, you’ve come to the right place, as we provide a detailed guide on how to bet on NASCAR races. In fact, you’ll learn how this type of betting works, how to read odds, what markets are there, etc.
How Does NASCAR Betting Work
NASCAR betting requires you to create an online account, make a deposit, and know betting markets and odds, just like any other way of betting. Also, betting on NASCAR is somewhat unique because there are some engaging aspects of this sport that are part of the whole process.
Still, having much room to make different predictions is what makes it special. Also, the excitement behind a sport with so much adrenaline is always great. Now, the betting process itself is not very complicated.
As mentioned, you will need to choose a suitable sportsbook with NASCAR betting available. It goes without saying that you should open and fund your account.
Operators have separate sports sections with NASCAR events. Once you get there, you will be able to pick events on which you wish to place a bet. It’s up to you to select the market. Moreover, your choice will also be the number of selections, the stake amount, and the like.
How to Read NASCAR Odds
To read NASCAR odds, all you have to do is get familiar with regular American odds. What we mean by this is that you first need to learn about the most common market, which is moneyline.
Moneyline betting stands for the outright winner of a race. NASCAR betting is a bit different from standard betting in this region in the sense that there are no spread or over/under bets here.
So, reading NASCAR odds comes down to reading moneyline odds. More precisely, you’ll run into the “negative” and “positive moneyline odds. For instance, the -130 odds suggest that you need to bet $130 in order to make a $100 profit.
On the other hand, the +130 odds allow you to bet $100 and have a potential profit of $130. Of course, there may be more markets here, but the way to read odds is basically the same.
Types of NASCAR Bet
As discussed earlier, you’ll come across several popular markets when betting on NASCAR. Some of the outcomes you may predict involve the race winner, podium finish, driver matchup, prop bets, or even some outright winners. Below, we will tell you more about all of these markets.
Race Winner
As the name implies, this market is all about predicting which driver will win the race. It’s actually pretty simple and straightforward. You get to pick one driver who you think will finish the race first.
Still, the race typically features 40 drivers. So, it’s a bit tricky to select only one driver and have a successful guess. This is, of course, possible with some thorough preparation.
Podium Finish
This is yet another self-explanatory market. As there are three drivers on the podium after the end of a race, each of them taking one of the first three spots, you will be able to predict who they will be.
Unlike the race winner market, estimating the first three spots in a race is statistically easier and comes with more approachable odds.
Driver Matchup
A chance to put two drivers face to face and then predict which one of them will end up as a winner is also there. These bets get more exciting when a race features several drivers who rank high when it comes to winning.
Prop Bets
Prop bets are, by default, related to small elements that one sporting event may carry. So, placing prop NASCAR bets means that you won’t be estimating the race winner. It actually means that you may bet on caution flags, crashes, etc.
Futures
Futures or outrights represent betting a bit far in advance. In other words, you may spot an incoming championship and place a bet estimating the winner in a noticeable timespan before the event.
The odds that such markets feature are usually competitive. The mere fact that you can use your NASCAR knowledge to predict such an outcome can bring you much excitement.
NASCAR Betting Regulations
Even though betting on NASCAR is on the increase, you still may not be able to place bets in every US state. That’s why we recommend doing some research in order to find where you can bet on NASCAR.
Right off the bat, we can inform you that there are several states whose residents can engage in betting on this sport. Additionally, what you need to do is get an insight into legal sports betting brands in every available region.
You should look for sportsbooks with a legal operating license. This further means that such operators are safe to bet with. Plus, all of their services, including payments, are also secure, with your personal data being protected.
NASCAR Betting Tips
Knowing the basics of NASCAR betting may not always be enough for successful betting. For that reason, we recommend making preparations before placing bets. First of all, you can learn about the drivers, tracks, and weather conditions.
The more you follow NASCAR races, the higher your chances of placing successful bets will be. As said, you can also get to know more about drivers themselves (their mentality, habits, skills, specific track performances, etc).
Many bettors tend to forget about track and weather conditions. Humidity, wind speed, and temperature are only some of the factors you should pay attention to. Finally, managing your bankroll may be one of the most important elements of your NASCAR betting. Staying on the safe side by not overdoing things and not chasing losses is a must.
Final Words
We concluded that learning how to bet on NASCAR online can definitely bring you a lot of memorable moments. This sport is interesting in its nature, and some operators offer various markets with competitive odds for betting. Before all else, it is crucial to select a legal brand and check out some tips on NASCAR betting, which can largely help you boost your success rate.
NASCAR Betting: All You Need to Know
As a final touch, we answer some of the most important NASCAR racing betting questions.
Yes. All you need to do is grasp the basic concept of racing, and you’ll also be able to place bets.
Technically speaking, NASCAR bets are just like any other regular bets. To place one such bet, you need to sign up, make a deposit, find the events, pick the markets, choose your stake amount, and confirm your bet.
Race odds, like any other, represent the chances of certain outcomes coming true. For example, sportsbooks estimate the chance of a racer winning based on various factors like weather, total number of racers, etc., and come up with odds for such an outcome.
Yes. Most of the time, you need to register, fund your account, and place bets on markets that predict the race winner or something similar.
