How To Bet Auto Racing Odds
While auto racing events such as NASCAR and Formula 1 are not as popular as the NFL or College Football, they provide online sportsbetting fans with multiple chances to get on the action and win some cash on the side. Racing fans have several ways to place bets, but perhaps the most popular bets you can place on these events are the following:
Odds to Win
The easiest and most popular bet in Auto Racing is to put your money on a specific driver to win an event. Most sites that offer Auto Racing Odds have “Odds to Win” listed, all you need to do is to pick the driver you like the most and place your bet. The payout or return for the bet will depend on the odds given to each driver. For example, let’s pretend that Austin Dillon is listed as a 6/1 (+600) favorite in the above table to win the Daytona 500. If you wager $100 on Dillon and he wins the race then you would win $600 ($100 x 5). At the end you would collect $700, which includes your win plus your original bet of $100.
The objective of this bet is to pick a driver to finish ahead of another driver. In other words, to win a bet, you need your pick to finish the race higher than the opposing driver in the matchup.In a similar fashion to other sports, each matchup has its own money line indicating the favorite and the underdog. Let’s say that we have a matchup featuring Tanner Berryhill (-145) and Mike Bliss (+105). Berryhill is the favorite and Bliss is the dog. In this particular matchup, bettors will have to risk $145 to win $100 on Berryhill. On the other hand, those betting $100 on Bliss would earn a payout of $105 if Bliss finishes ahead of Berryhill.