Nascar is one of the premier auto racing franchises in the United States. Besides NFL football games, it is amongst the most watched sports on television. Besides heavy television viewer ship, the franchise routinely fills up their 70,000 + seat stadiums. Nascar wasnít always so popular. At one time, it was considered second rate, a non-sport in the United States. The only exception was die-hard racing fans. Beginning in the late 1990s and early 2000s, things begin to change. Americans started to become excited about Nascar racing and today, it is one of the most beloved sports in the country. This is beneficial for bettors. There are a good number of races and lots of bettors, which means more potential to win cash.
Individuals that enjoy wagering on Nascar may want to also consider the two other major racing leagues, Indy Racing and Formula. Taken together, they offer bettors a chance to bet on a large amount of races.
Just as with any type of sports betting, it is important that individuals be knowledgeable about the racers, the cars and winning streaks. Confident drivers tend to do best. A driver on a losing streak may not be a good bet, no matter how good they have the potential to be. Recognizing which cars have chronic, mechanical problems or poor pit crews is also important. It will require an adequate amount of research to make good betting choices.
There are a number of Nascar bets. Driver match up and prop bets are the most common. The former are wagers on who will win a race. Prop bets are miscellaneous wagers. They will vary based on the sportsbook.
Nascar Betting Types and Odds
Most sportsbooks will offer driver match up and prop bets so here is a little explanation about the two types of Nascar bets.
Driver Match Up Bets: These are wagers that a particular driver will win a race. A sportsbook will list them according to their odds. Drivers with a good chance of winning will have lower odds, then ones who does not. This encourages bettors to wager on drivers who are not expected to win. They are typically listed as follows:
Jeff Gordan 10/1
Kyle Busch 5/1
In this example, Kyle Busch would be the favorite because his odds are the lowest. Individuals that wager on him will win $5 for every $1 they wager. Jeff Gordon would also be considered a good bet. Bettors who wager on him will receive $10 for every $1 they bet. Carl Edwards would have the least chance of winning. Bettors will win $15 for every $1 they wager.
Proposition Bets: These can be any assortment of bets. Each sportsbook will come up with there own prop bets. They are not limited in any way, only by their creativity. Wherever they see an opportunity for a wager, they can make it available to their betting public. Examples of prop bets include the number of the winning car, the brand of a winning car and the driver who will drive the fastest lap in a race. The less likely an event in a prop bet will occur, the more money it will pay out. Bets with a high probability of being correct will have lower payouts.
Moneyline Bets: Head to Head bets generally use the Moneyline format. Hereís an example.
Carl Edwards +110
Kyle Busch -200
Carl Edward would be the underdog. Bettors who wager on him would win $1.10 for every $1.00 they spent. Alternatively, they would have to spend $2.00 to win $1.00 if betting for Kyle Busch.
Pod Bets: This is a wager on the type of car the winning driver will race.
Qualifying/Race Matchup Bets: This is wager on two opposing drivers. A bettor is wagering that one will finish ahead of the other one. Neither has to win the race.
Nascar Major Events
Nascar is driven by major events throughout the year. Here are a few that all Nascar fans should be sure to throw a few bets on.
Coke Zero 400: This race takes place around July 4th, which is Independence Day in the United States. Many of the sportís major stars show up and compete. It takes place at the Daytona International Raceway and is a 400-mile, 160 lap race.
Indy 500: This is one the most popular and celebrated races of the Nascar season. All of the top drivers participate. The event is often sold out way in advance. The state of Indianapolis, where the race is held, has an Indy 500 festival that occurs for an entire month, prior to the race.
Daytona 500: The Daytona 500 is an exciting time for Nascar fans. It signals the official start of the Nascar racing season. Thousands of people are in the stands and millions more are watching the race on television.
Nascar Betting Strategy and Tips
Effective Nascar betting requires that individuals become familiar not only with the top cars, racers and crews but also that they understand the sport. Nascar races can be very unpredictable and top racers wonít always win. Pit problems, crashes and other driverís performances will all affect the outcome of a race. Once people understand this, they will be able to make pretty smart bets.
Nascar betting is difficult because there are so many variables that come into play. The best that a person can do is to look at past performances at particular events and try to get a feel for who typically performs best. It may also be a good idea to place Qualifying/Race Match Up bets instead of outright winner bets. The former donít require that a particular driver win but that they will finish ahead of another, specified one. Of course, this is up to the bettor and the level of risk they are willing to accept.
Nascar is a very exciting sport. There are lots of superstars and fast cars. Those who wish to bet on the sport need to do their homework and be willing to closely follow race outcomes, weather conditions, crew problems and driver performance.