NASCAR betting is gaining momentum among auto racing fans ahead of the new season. Sports enthusiasts searching for an adrenaline rush in a motor marathon have many betting opportunities to explore. The unpredictable nature of the sport makes it an exciting venture for bettors.
Multiple casino sites not on GamStop offer favourable odds on NASCAR races based on drivers’ current form and track record. Whether you’re a seasoned bettor or a newbie, we provide a comprehensive guide for the best betting tips to maximize your winning potential.
Types of NASCAR Betting
Motorsport enthusiasts offer numerous betting options to explore. The most popular wager is betting on the outright winner of the race that goes above +450 odds. Another popular option is choosing the podium finish. The bets vary between first, second, and third finish, typically with odds above +200.
Popular NASCAR bets include prop bets that allow for safe bets, such as selecting a driver to finish in the top five or ten.
Other popular betting options available for bettors include:
- Live betting
- Podiums
- Outright winners
- Outcome of fastest lap during race
- Top 5-10 finishes
Ways to Bet on NASCAR
NASCAR enthusiasts can wager whether on a single event’s race winner or top five finishers of the race. Seasoned bettors can try betting on the outright winner of the Series Championship at the season’s end.
Additionally, all three NASCAR series have odds that give plenty of chances to play on a specific weekend. Odds come out a few days before the actual event. Here are popular betting markets on NASCAR:
Moneyline Bet
The most simple way of betting on NASCAR is choosing the outright winner of the race – a moneyline bet. Pick a driver you’d think will pick up the trophy. The money line odds are based on a driver’s current form and track record.
Podium Finish Bet
A podium finish bet is picking whether or not a driver will finish on the podium – either first, second, or third place. This is a good choice for a newbie bettor who isn’t sure about the outright winner.
Matchup Bet
A matchup bet pitches two drivers against each other in a head-to-head record. Choose which driver will finish ahead of the other. Each driver gets assigned odds based on their current form and past successes on the track.
Futures Bet
It happens at the start of the season before any races take place. A top futures bet is choosing who will win the Series Championship. The starting odds are high, and get updated throughout the season.
Top Position Bet
Sometimes picking out an outright winner at the start of the race isn’t a pro move. Therefore, we recommend betting on who’d finish in the top 3 or top 5. Despite featuring low odds, these bets carry less risk and a wide range of possible finishing positions.
NASCAR Betting Tips and Strategies
After finding your preferred NASCAR bet, it’s time to understand the basics of NASCAR betting. Here are our expert recommended tips and strategies to maximize your winning chances:
Build NASCAR Knowledge Base
A successful betting experience with NASCAR starts with doing your homework. Learn deeply about the sport’s history, rules, tracks, and drivers. Track characteristics impact results, while other factors such as weather play a role, too.
Consider Race Type
NASCAR races vary depending on distance and format. Some races are short and intense, whereas others are longer and endurance-based. Therefore, we recommend bettors to consider the type of race and how it impacts the outcome. Learn the track types and their characteristics before making a betting decision.
Practice Smart Money Management
We recommend smart money management when NASCAR betting. Analyse the available payment methods such as credit card, cryptocurrencies and e-wallets, and choose the one that offers the most value for your betting habits. Don’t risk money you’re not comfortable losing. Remember, the essence of betting is entertainment purposes without financial consequences. Set a budget before starting your betting experience. Track your bets and count your losses if you’re on a losing streak.
Pay Attention to Qualifying Results
Qualifying outcomes bear a significant impact on the upcoming race. It provides valuable information regarding a driver’s performance and helps make informed bets. Drivers who perform exceptionally during qualifying runs often gain an advantage in the race. Also, they are more likely to win.
Research Driver’s History on Particular Track
NASCAR drivers have different histories at different tracks. Hence, understanding their histories helps make informed bets. New or configured tracks tend to shake up competition amongst the drivers. Reviewing these performances can create patterns or trends for decision making.
Take Long Approach
Despite the prospect of winning big with NASCAR betting, we recommend choosing the long-term approach. NASCAR is a season-long pursuit rather than a short-term race. The high volatility in the sport often means short-term results don’t reflect on skill or knowledge. Hence, focus on the process rather than the results while having fun.