There are many different sports today that people can bet on, and one of those is NASCAR or the National Association for Stock Car Auto Racing. It is an American auto racing sanctioning and operating company popularly known for stock car racing. NASCAR betting is an exciting way to enhance your racing experience. It is also a great way to turn a killer profit if you are wise to what’s going in and sharp with your bets.
It is among the best live experiences in all the sports. NASCAR also has a handful of races in states with legal sports betting, just like Ally 400. However, in this type of sports betting, there are no get-rich-quick schemes. No one can make you a millionaire overnight, but there are proven ways how you can increase your chances of winning your bets on racing. If you are new to the world of betting on auto racing, you’re in the right place. In this post, we are going to give you some of the best NASCAR betting strategies.
1. Try to study the past performances at each track
Like when betting on other sports, looking at past examples is a good practice. Try to take a look at the statistics of each driver on a given track. NASCAR only visits each track once or twice a year. This means that you only have a limited sample size. But many tracks are designed similarly, which is great.
Tracks fall into five main categories such as short tracks, intermediate tracks, flat tracks, road courses, and Superspeedways. With this, you will be able to weigh the performance of a driver at comparable tracks when wagering. Using track categories to evaluate past performances will enable you to give more weight to tracks that are closer in length.
2. Learn to interpret or understand race data and statistics
Data and statistics are essential tools that will help you make money using betting strategies for NASCAR. With this, you need to make sure that you are interpreting or understanding them correctly when putting together your strategies.
For instance, you might notice a driver has had eight wins and some top-3s at a track from 35 races. With this, they have a very appealing average finish there. However, you should also consider the trend of their last five performances on the track and circuit. If you can understand race data and statistics, you will be able to improve your chances of beating online bookmakers and winning more in the races.
3. Try to bet on multiple drivers
One of the best things about NASCAR betting is that it’s not like other traditional sports with only two teams competing. This means that you have the luxury of betting on multiple team because every weekend, there are 43 different drivers competing to win. With this, the payout odds are going to be higher on all of the drivers. For instance, for every $1 you bet, you can get $7 back in profit when you win.
However, if you plan to bet on multiple drivers, it is better that you figure out a total budget first, as it can be more expensive if you don’t adjust your bets. For instance, if you have $100 and you wish to bet on four drivers, do not bet $100 on each of them. You can just bet $25 on each of them so that your total amount risked is still in line with your budget.
It is also sometimes great to bet on one or two drivers that you are confident in and then bet on a few drivers that you think have a long shot at winning. This way, you can have a solid chance to lock up a small profit while taking a risk with a long shot that you have a good feeling about.
4. Understand the dynamics of different teams
NASCAR is an individual sport, but it also revolves around teams and team dynamics. It’s because some NASCAR owners have several drivers under their umbrella. This means that each driver has a teammate. At the end of each race, what matters is the individual driver who wins. However, before and during the race, the teams will come into play. They will help each other with the track data and will draft and help to push each other to win.
This affects betting as you also have to understand the different teams and how they work together. When you are looking to place your bets, take into consideration which drivers have strong teammates that they can count on. This way, you can be sure that they have a higher chance of winning the race. Therefore, before placing your bet on an individual driver, take some time to know who their colleague is and how they are projected to run at a specific track.
5. Pay attention to the form and momentum of the driver
One of the crucial parts of NASCAR betting involves paying attention to the form and momentum of the driver. You have to be aware if they are going through a purple patch, picking up wins, or struggling to win. The form of a driver can be affected positively and negatively by some factors. These may include confidence, personal issues, age, injury, and more.
You might wonder how this affects NASCAR odds. Well, like in most things, reputation can have a big effect on how people are received, and the same thing happens on track in NASCAR. For example, if the previous performance of a great driver has been poor and you did enough reading to understand that he is going through hard times off the track, then you should not be hopeful of winning money on him. It is better to consider a driver that has been slowly improving their returns on the track and is showing the right signs in the season.
Conclusion
NASCAR betting is indeed among the most interesting types of sports betting to try. The tips we’ve shared in this post should be taken with some hard work and research. Once you get the hang of it, you will realize that betting on NASCAR and being successful on it is not that difficult. As long as you have the right strategies and are willing to put in the work, you can be successful. We hope this post helped you learn more about the best NASCAR betting strategies.