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In the past 10 years NASCAR has moved from a cult sport into the mainstream and for all practical purposes has passed the NHL as the fourth major sport in the U.S.A. The popularity of the sport has transcended into the world of sports gambling, where wagering on NASCAR events continues to increase on an annual basis. An additional factor in the increase of NASCAR wagering is the simplicity of the betting. NASCAR is one of the easiest betting propositions around.
Different NASCAR Betting OpportunitiesThe are generally three types of different bet types a gambler can make on any given NASCAR race. Bettors can wager on a particular driver to win the race, wager that a drives will place in the top three, or bet that a particular driver finishes higher than another driver.
When looking at the odds of a driver to win a race, NASCAR bettors will generally see something along the lines of:
Jeff Gordon + 200Mark Martin + 250Jeff Burton + 300Bill Elliott + 700Robby Gordon + 700Field + 500
These odds are essentially listed as money line odds, meaning for every $10 you wager on Jeff Gordon you would win $20 if he wins the race. Those wagering on Bill Elliott would win $70 for every $10 bet. Since your wager is returned to you on a winning bet, those wagering $10 on Elliott would receive $80 back from a sportsbook and not $70, as sportsbooks require you to pay for your wager at the time it is made.
Many races will include a betting entry called "Field," which is all other drivers besides the ones listed by the sportsbook. Even though a bettor gets more than one driver with one wager, the field almost always consists of those drivers given the least opportunity to win and is usually best avoided.
The odds will naturally be lower when betting on a driver to finish in the top three, as the sportsbook must pay off three different winning bets, as opposed to just one.
Using the example above, odds for the drivers to finish in the top three would resemble:
Jeff Gordon - 140Mark Martin + 100Jeff Burton + 125Bill Elliott + 200Robby Gordon + 200Field + 175
In this case, a bettor would have to risk $14 to win $10 that Jeff Gordon will finish first, second, or third, while the bettor wagering on Bill Elliott stands to win $20 on their $10 wager, instead of $70.
The last commonly placed bet in NASCAR is head-to-head finish between two drivers. Here, a bettor doesn't really care what place the driver finishes in, as long as the driver finishes higher than the other driver.
A line for this type of bet will look something like:
Mark Martin - 130 Jeff Burton + 110
In this example, bettors wagering on Martin to finish higher than Burton will be asked to risk $13 to win $10, while bettors believing that Burton will finish higher than Martin will put up $10 to win $11.
Those familiar with sports gambling will have no trouble making the transition to NASCAR wagering, while those new to the world of sports betting should be able to pick up the concepts of NASCAR betting without running around in circles.