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How to Bet on NASCAR

Basic Odds and Betting Options

Betting on NASCAR is fairly straightforward as most bettors simply bet on the driver they expect to win the upcoming race. Odds for each driver are commonly listed in one of two ways: with fractions or in the moneyline format.

For example, Kevin Harvick could be listed as the betting favorite to win the Daytona 500 at four to one. This may be listed at a sportsbook as 4/1 or +400. Either way, the bet is $100 to win $400 on Harvick winning the race. Betting $100 to win $550 would be listed as 11/2 or +550.

In addition to betting on the results of individual races, bettors can also wager on the future bet of which driver will win the Monster Energy Cup championship in a given year.

NASCAR Betting Strategies

Elite drivers such as Kevin Harvick, Kyle Busch and Jimmie Johnson will always be near the top of the betting board to win individual events. And these favorites can certainly provide good value as they are almost always in the mix on race day. But the biggest paydays come from finding guys lower on the board who will pay out bigger amounts when they win.

Many factors go into handicapping NASCAR races, but two important ones to really hone in on are recent form and past history at specific racetracks.

Some drivers excel at some courses while struggling at others. Whether these successes and failures come from the design of the track or are mostly mental, a quick study of a driver’s past races at this week’s course could give you great insight on what to expect. A NASCAR driver who has a history of strong finishes on a specific track could provide great betting value as an underdog of +1000 or higher.

Recent form is important to separate past perception of a driver from how they are currently driving. If a driver feels confident in his car and has been driving well of late, that confidence is likely to continue to roll, in the same way that slumps are often hard to break out of for drivers.