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Betting on NASCAR has become increasingly popular over the last year or so. With the expansion of legal sports wagering across the US, a lot more sportsbooks are offering NASCAR odds.
Still, in comparison to other sports available at US sportsbooks, NASCAR doesn’t generate nearly the handle, partly because its lines aren’t as expansive.
In 2017, NASCAR was a part of Nevada’s $32.3 million in “other” sports betting revenue. “Other” includes soccer, tennis, boxing and MMA.
In comparison, that same year, Nevada sportsbooks earned around $77 million on football bets alone.
When the NASCAR season revs up in February, this year should be the biggest for wagering on the motorsport.
Some states that host races also host regulated sports betting. Wagering on your favorite driver is easy with online sports betting.
If any legal online sportsbooks are in your state, you can bet on any NASCAR race from the convenience of your home.
While a lot of states in the US now offer a legal sports gambling market, not all of them include online wagering.
The following states currently feature legal online sportsbooks with NASCAR bets:
|Retail & Online||Retail Only||Upcoming States|
|New Jersey||Mississippi||New Hampshire|
|Oregon||New Mexico||North Carolina|
A lot of these states host multiple online betting sites that offer NASCAR odds.
Furthermore, these sports betting apps currently allow you to bet on NASCAR:
Betting with one of these online sportsbooks is simple. While land-based sportsbooks are great for the race-day experience, sportsbook apps are generally more convenient.
The requirements for using an online sportsbook are that you’re 21 years or older (in most states) and physically within the legal betting state’s borders. Bettors are typically able to register for an account and place a wager within minutes.
As far as betting options go, there are not many changes between online and retail sportsbooks. However, one area that may differ is live betting.
Although this isn’t as established for NASCAR betting yet, online platforms are easier to place live bets on because of how quickly odds update.
Regardless of how you’re betting, those within a legal state should not use offshore books to bet.
These betting sites are illegal and are risky because they are not regulated. There isn’t any backup if you haven’t received your winnings or are having difficulty with the betting platform.
Betting on NASCAR with an online sportsbook is easy in states such as Pennsylvania, New Jersey, Indiana, and West Virginia.
Each of these betting locations has several sportsbook apps available, including DraftKings and FanDuel.
Although the process might vary slightly between states, creating a new account on an online sportsbook is quick. Regardless of the book, you’ll need to provide some essential information to get started, including:
New bettors will also have to create a username and password that they’ll use each time to log on. Most sportsbooks require you to establish a few security questions too.
To complete the process, you’ll need to confirm that you’re of legal age, and agree to the terms and conditions.
After signing up, you can start betting following your first deposit.
NJ sports betting: New Jersey was the first state to expand into online sports betting with the release of DraftKings Sportsbook on Aug. 6, 2018. The NJ betting market is now one of the largest over 15 online sportsbooks.
WV sports betting: West Virginia sports betting got off to a rough start after the first betting app was suspended in December 2018. Online sports betting returned to the Mountain State when FanDuel launched in August 2019. There are now three NASCAR betting options. This includes: BetMGM, FanDuel and DraftKings.
PA sports betting: Online sports betting debuted in Pennsylvania in May 2019 with SugarHouse Sportsbook. Since that time, multiple other online sportsbooks have released as well. They include DraftKings, FanDuel, Unibet, BetRivers and Fox Bet.
IN sports betting: Indiana started offering online wagering in October 2019. It launched DraftKings and BetRivers sportsbooks on Oct. 3. Then, FanDuel debuted on Oct. 26. Multiple other sportsbook platforms plan to go live in the Hoosier State as well. Fox Bet, BetMGM, PointsBet, William Hill and Caesars sportsbooks will all be available in the future.
All of these states offer DraftKings and FanDuel. They are among the top sports betting apps when it comes to betting on NASCAR.
These online betting apps include futures, props and matchup odds for just about every race.
The 2020 NASCAR schedule has events in and around all of these locations.
Some race dates include:
WV bettors can also travel over the border to Virginia for some big races. There are multiple NASCAR events at Martinsville Speedway, as well as Richmond Raceway this season.
Some states in the US have recently legalized sports betting and are still working on going live.
While retail sportsbooks will likely become available first in these states, they will each offer online sports betting, too.
New Hampshire is another new sports wagering state.
It went live with mobile betting in early 2020. Unlike most states, though, NH is limited to only the DraftKings app. The operator won exclusive rights for online betting within the state.
Although the Iowa market is currently open for business with PointsBet and William Hill, it’s still expanding.
Here is a list of online platforms that could go live in Michigan, Colorado and Iowa:
NASCAR is bringing in only a fraction of betting action compared to the $87 million that Nevada books made off basketball wagers in 2017.
Although these numbers may be discouraging for how big NASCAR betting can get, location is essential. Nevada may still be the headquarters for sports betting in America, but it’s not the HQ for NASCAR.
A new deal with Genius Sports could create more excitement around NASCAR wagering. The two partnered to bring a new betting product to sportsbook operators everywhere.
Genius Sports is utilizing NASCAR’s official data to help build a product that will hopefully bring more betting opportunities within the sport, including more in-play betting options.
The new package should debut in February at NASCAR’s Daytona 500.
There are several ways to wager on NASCAR. The majority of sportsbooks offer lines for both individual races as well as futures and props.
Like with most sports that involve a race, futures bets are popular. Typically, bettors will wager on which driver they think is going to win a particular race.
As long as there is a sizable field of competitors, the odds for each driver will be quite favorable. In other words, you only have to wager a couple of dollars to receive a good potential payout.
Besides just picking the winner, a lot of sportsbooks will allow you to bet on whether your driver finishes in the top three or top five, as well.
Other futures include who will win the NASCAR Cup Championship for 2020.
Head-to-head matchups are another way to bet on NASCAR races.
Sportsbooks will provide a list of given matchups of drivers. Bettors can decide which driver will finish ahead of the other.
Often, these matchups will consist of drivers of the same caliber, and they each will have similar odds to win.
Sometimes sportsbooks bunch a few drivers into a group for matchup wagers.
With the same logic as head-to-head matchups, bettors much choose which driver among the group of three or four will finish the highest. Since there is more competition, odds for these bets are slightly better than they usually are for just two drivers.
NASCAR betting also features prop bets, sort of like the NFL’s Super Bowl.
These are wagers that typically don’t have much to do with the actual outcome of the race. Instead of picking a driver to win, you can bet on a variety of other results.
Some of the most popular prop bets include:
All of these are props that a lot of sportsbooks will offer at the time of a race.
For prop bets involving numbers, the book will give an over/under to pick between or provide specific choices with different odds for each.
DraftKings currently has odds on the manufacturer of the winning car for the Daytona 500.
As mentioned, live betting on NASCAR is set to expand this year. Although it will undoubtedly be a little different than in-game betting for other sports, live wagering is an interactive way to help grow legal gambling for NASCAR.
The NASCAR season revs up in February every year and finishes in mid-November.
Here is a list of the most popular races to bet on at sportsbooks:
The Daytona 500, held at the Daytona International Speedway in Daytona Beach, FL, is the biggest race in NASCAR.
It marks the beginning of the racing season and is the most popular for watching and betting. Daytona has held the season-opening event since 1982.
Denny Hamlin, of Joe Gibbs Racing, won the Daytona 500 a year ago. It was his second time doing so in four years.
Richard Petty has the most wins at Daytona with seven.
One of the other top races all season is the Brickyard 400 held at the Indianapolis Motor Speedway.
The famous race was first implemented in 1994 and was the first race besides the Indianapolis 500 to be hosted by the track since 1916.
Kevin Harvick, of Stewart-Haas Racing, won the event in 2019, his first time since 2003.
Jeff Gordon has the most wins at the Brickyard of all time, with five victories.
The season comes to a close with only the best drivers still in contention of winning the NASCAR Cup Series Championship. Often, the final race of the year determines who will be crowned champion for the entire season.
Kyle Busch will look to defend his title this year by winning his third championship overall. Petty, along with Dale Earnhardt and Jimmie Johnson, have each claimed the crown seven times.
The 2020 champ will be awarded on Sunday, Nov. 8, at the Phoenix Raceway.
The following is NASCAR’s full schedule for 2020:
* Indicates a playoff race.
Betting on NASCAR futures is similar to any other sport. Bettors can place wagers before the season starts on what they think will be the result at the end of the year.
Of course, you’ll be able to bet on which driver will win each race, but you’re able also to make season-long wagers.
For NASCAR, the most popular futures wager is which driver will receive the NASCAR Cup Series crown. It is the equivalent to picking which team will win the title or which player will be the MVP in other sports.
Other typical NASCAR futures include which driver will earn the most points and which will have the most victories.
Bettors who prefer daily fantasy sports (DFS) can enjoy NASCAR as well.
DraftKings and FanDuel, two of the biggest names in legal sports betting, started their businesses with DFS. They both continue to offer daily contests for NASCAR races.
Like with any other daily fantasy roster, you must pick a group of drivers while staying under the given salary cap. Depending on how these racers do, they’ll earn you points toward your overall score.
By finishing among or at the top of a contest, you’ll win some type of payment. The cash prizes for contests vary based on the entry fee, the number of entries and style of game.
For the more significant events (e.g. the Daytona 500, Brickyard 400 and playoff races), both DFS sites will likely run more contests than usual, even with some with prize pools over six figures.
The NASCAR season is similar to how other sports work. As the race schedule continues, drivers earn points for how well they do in races.
Naturally, winning races earns the most points per race. With the new system since 2016, the 40 cars in every field can earn one point, with the winner getting 40 points and the last place receiving only one.
The final playoff drivers are determined by who the top 16 point-getters are through the regular season of races. This part of the postseason is often referred to as the “Chase for the Cup.”
It consists of only 16 drivers competing in the final 10 races on the schedule. The playoffs are split into three rounds, with the bottom four drivers being eliminated after each round completes.
At the final race of the season, a champion is crowned. This year’s event will be at the Phoenix Raceway on Sunday, Nov. 8.
The National Association for Stock Car Auto Racing (NASCAR) was founded in 1948 by Bill France Sr. The first race was held in Daytona Beach, FL, on Feb. 15, 1948.
Daytona Beach remains NASCAR’s headquarters to this day.
In 1979, CBS aired live coverage of the Daytona 500 for the first time. Petty won the race in its final lap.
In 1994, NASCAR expanded to include a race at the historic Indianapolis Motor Speedway. Gordon won the inaugural Brickyard 400.
NASCAR inducted its first-ever Hall of Fame class in May 2010. Bill France Sr., Bill France Jr., Petty, Earnhardt and Junior Johnson were part of the initial class.
In 2014, Chairman Brian France announced the championship format alterations, nearly guaranteeing a playoff spot for the winner of each race.
Bettors have been wagering on NASCAR races for decades in Las Vegas. Now with legal sports betting expanding across the country, NASCAR betting should reach new heights in 2020.
As far as money that the drivers and their teams earn, the purse varies from race to race. The most notable races, the Daytona and Brickyard, payout the most prize money to the winner. The end of the season championship is worth $1 million.
It stands for the National Association for Stock Car Auto Racing.
Races vary in length, but they typically take a little more than three hours to complete.
Laps vary between races and tracks as well, but the Daytona 500 consists of 200 laps, and the Brickyard 400 has 160.
NASCAR’s headquarters are in Daytona Beach, FL.
There can be up to 40 cars in any NASCAR race. The playoff consists of only 16 drivers.
Jim France (son of founder Bill France Sr.) and Lesa France Kennedy (daughter of Bill France Jr.) own NASCAR.
The biggest races of the year include the Daytona 500, Brickyard 400, Coca-Cola 600, Southern 500 along with the other playoff races and the NASCAR Cup Series Championship.
Richard Petty has won the most with seven titles.
NASCAR odds are typically released a week before the next race. Odds for the Daytona 500 are available at sportsbooks now.
Qualifying runs determine which cars will race in the field and the order in which they’ll start the race. The fastest car during qualifying earns the pole position.
The NASCAR Playoff consists of the 16 best drivers at the end of the regular season. The playoff has three rounds, with the bottom four drivers eliminated after each round. The NASCAR Cup Series Championship, which races on Sunday, Nov. 8, at the Phoenix Raceway, crowns the champion.