Online NASCAR Bet Types Explained

by Rae Dover
| 21/10/2020

Looking for fast-paced high-octane motorsport? Then, NASCAR is just the one for you, and betting on it makes it that little bit better!  If you are a beginner in betting on NASCAR or are unfamiliar with some terms in this article, then we suggest that you read our NASCAR betting guide to give you further insight into everything NASCAR related.

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Futures

These markets are based on the overall outcomes at the end of the racing season. There are 2 markets on offer from your sportsbooks:

  1. Monster Energy NASCAR Cup Series Winner – the overall winner of cup series.
  2. Top Manufacturer – the car manufacturer which gets the most points at the conclusion of the Cup Series.

Well-known Markets

The most popular markets in NASCAR that are offered to bettors include:

  • To Win – this market lets you decide which driver is going to win the upcoming race. Whether you fancy Denny Hamlin to take the crown or another of the 38 competing drivers, this market offers high odds with large pay-outs if you have a winning bet. Please be aware that choosing the winner is difficult and there are many factors that need to go right for the driver to win.

We’ll take a look at the upcoming Bank of America Roval 400 race as an example. A selection of 6 competing drivers are listed below.

Chase Elliott +225
Martin Truex Jr. +450
Clint Bowyer +1400
Jimmie Johnson +2000
Christopher Bell +6600
Joey Gase +100000

From this list, Chase Elliott is regarded as the favourite and has the lowest odds. The sportsbook believes Joey Gase has no chance of winning the race, and that is shown by the massive odds offered for him to win. It should be noted that all drivers in the to win market have plus odds. This is because of the number of drivers competing on race day, and it is not guaranteed that one driver will win it easily (which would be shown by much lower odds).

  • Top 5 – if you do not like to bet on a driver winning the race outright, then you can back them to finish in the top 5. This increases the probability of you winning your bet, but the odds offered for each driver are significantly reduced.

Value Markets

When you are betting on NASCAR online, it is worthwhile to look out for bets that have value. These are bets that give you a slight edge over your bookmaker. These types of bets and the markets where the bets can be found, are usually used by experienced bettors. This is how they make profits over a longer period of time, so it is highly recommended that you keep an eye out for them too. Please use your research to look further into the following markets:

  1. Race Match-Ups – your sportsbooks will offer markets on two drivers that are competing in the upcoming race. It is up to you to decide who will place higher out of the two drivers. The 2 drivers are usually paired with each other based on how your sportsbooks thinks they will perform during the race. Please see an example match-up below.

Brad Keselowski (-125) v Joey Logano (-105)

In this example, Keselowski is the favourite because his odds are 20 points lower than Logano. The sportsbook believes Keselowski will place higher than Logano. Use your research to help you to decide how you think each racer will perform and whether the odds placed on these drivers is correct.

  1. Over / Under – here you are offered a finishing position of a driver, and you choose whether they will finish above or below it. This is a popular market with more experienced bettors, as you will need to understand everything about all of the drivers competing to get a better understanding of where they will finish in the race.

The Fun Markets

Proposition bets are known as the more fun and exciting markets to place bets on. They can also be the ones that bettors are more successful with too. A couple of markets in this category are highlighted below.

Fastest Lap – who will record the fastest lap during the race. It does not matter where the driver you choose finishes the race (even if they actually finish), as long as they record the quickest time around one lap during the entire race.

Number of Drivers Finishing the Race – unfortunately, many factors can cause a driver not to finish the race, and this leads to a number of drivers dropping out during the race. Sportsbooks offer a market on the number of drivers that pull out and stop racing. 

In-play Betting

In-play betting is becoming a more popular way of NASCAR betting online. It is a great way of taking advantage of the events that have occurred during the race. The majority of markets will be available between each stage of the race, so keep an eye out whilst you are watching the race live.

Sportsbooks

With online betting becoming increasingly popular across Canada, there are numerous sportsbooks in operation. The majority of them are regulated, but there are some dodgy ones out there too, so you must be careful when choosing a sportsbook to use. Truenorthcasinos.ca has a fantastic article detailing all of the best sportsbooks available to Canadian bettors, so please make sure you check this out when it is time to open up an account and start placing bets on NASCAR. 

Getting to know more about the markets available for online NASCAR betting will help you to identify winning bets and increase your pay-outs when betting.

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