NASCAR Betting Strategies

If you want to be successful in NASCAR betting, follow the simple 10 step programme below.

Putting together these steps, solid research and a good understanding of the sport can help you become a winning bettor of NASCAR in no time.

1. Choose the Right Bookmaker

You should always shop around when looking at which bookmaker you want to place your bets with.

Due to the amount of competition out there, different bookmakers offer slightly varying odds, which can be the difference of making an extra $10 bucks (depending on how much you stake).

We recommend that you look around to see which bookmakers offer the best odds on the market you are looking to bet on. GamblersBet.com can help with this, as we have compiled a detailed list of the best NASCAR betting sites.

2. Get to Know the Drivers

It is important for you to understand everything there is to know about each individual driver. This will help you predict how well they will do in any race day and help turn your bets into successful ones.

A few things to look at include:

Their recent form - how many podium finishes they have had in the last 5 races (and throughout the season).
How well they have performed at each racetrack in previous years.
How the driver and their car has performed during qualifying.

Taking all of these into account will help you decide how well they will perform during the race and if they have a chance of winning!

3. Get to Know the Tracks

Although most tracks in NASCAR are oval shaped and consist of many laps, each track has their own individual identifiers which require a different skillset to be successful at that track.

For example, a lesser known driver may specialise in short track racing and could have an advantage over the great drivers at these tracks. Please be aware of this when carrying out your research.

4. Research the Teams

Whilst NASCAR is an individual sport, each driver competing will have a teammate racing alongside them.

It is very important that you take into account the certain dynamics of each team. During the course of a race, teammates share specific track data and information regarding the best lines to take at corners, and they will also help push each other to perform at their highest capability to help lead one of them to victory.

You also need to be aware of how strong each teammate is. If one teammate isn’t very good, they are likely to be towards the rear of the field and will not be able to help the stronger one during the race. This can have a major effect on your bets, so please keep this in mind.

5. Learn the Betting Terms and Markets

Spend time researching and learning the different NASCAR betting markets.

Beginners in NASCAR betting should practice betting on each market with low wagers to find which one works best for you and your research. This will create much better opportunities to win in the long term.

6. Learn the Odds

Learning the odds is another important step on your way to profitable betting.

GamblersBet.com has a perfect article for you to read to help understand the American betting lines in more detail.

Once you have learned the odds, you will be able to find markets that provide valuable bets. For example, in NASCAR, one of the major markets is the driver head to head. Here, you choose which driver (out of a total of two) will finish higher than the other. The way sportsbooks price these markets up can create immense value.

7. Bet on Multiple Drivers

The most popular betting market in NASCAR is the to win outright one. Due to the large field of drivers, usually a total of 43 competing, it is advisable to place bets on multiple drivers.

This creates a higher probability of winning, and it can still be very profitable even though you will only have one winning bet.

Betting on multiple drivers can be very costly, so we recommend that you decide on an overall budget first, and then split it up equally for each individual driver. For example, your budget is $100, and you have decided you want to back 5 drivers today. You would place a $20 bet on each individual driver to win the race.

8. Look for An Edge

It is always best practice to look for an edge in a sport's betting markets. Sportsbooks have to price up every single race and market each week and they are not always correct in doing so.

Locating these slight mistakes by your bookmaker can help increase the profitability of your bets and your overall bankroll!

9. Keep A Detailed Record

Our final recommendation in our 10-step strategy on how to bet on NASCAR and win, is to keep detailed records of each individual bet you place each week.

Make a note of your bet, the stake, profit / loss and also a comment. This will help you to keep track of how much you have won (or lost!), and the comment section will help you to learn from any mistakes you made during your research. This is pivotal to being successful in the future.