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Let’s delve into online NASCAR wagering and the top online betting sites for those looking to add a little more excitement to their sports-watching experience.
Selecting the best online sportsbook is critical in sports betting, regardless of the sport. When ranking the top NASCAR betting sites, it’s important to consider the following factors: Any NASCAR-specific promotions that are being offered, the types of wagers they allow on the sport, as well as the advantages of the sign-up bonus.
By 2023, essentially all of the notable sportsbooks offer the ability to wager on NASCAR. While betting on NASCAR has become increasingly popular over the past couple of years, many betting outlets have yet to expand upon the types of bets you can place on races.
With NASCAR being less popular to bet on than other sports like football and basketball, finding the top sportsbook comes down to just two key factors. Who offers the most variety in terms of the types of wagers that can be placed? And, which betting site is known to provide the most favorable odds/promotions on races? You’re always searching for the sportsbooks that’s hopefully going to help you make the most money.
|Sportsbook||Sign-Up Bonus||NASCAR Promo or Feature|
|DraftKings||First Deposit Bonus: Get 20% of your first deposit (up to $1,000)Bonus Bet Offer: Get a $50 free bet with a $5 minimum deposit.Bet & Win: Win a $5 moneyline bet and get an additional $200 in free wagers||N/A|
|BetMGM||Get up to $1,000 back if you lose your first bet||N/A|
|FanDuel||$150 in Free Bets: Make a $10 deposit and place a $5 wager to get $150 in free bets||N/A|
|PointsBet||Get five second chance bets worth up to $100 each||N/A|
|Caesars||Up to $1,250 in First Bet Insurance: Lose your first bet and get it back (up to $1,250). PLUS receive 1,000 tier credits and 1,000 reward credits||N/A|
Caesars sportsbook is far and away the premier betting site for NASCAR.
Betting variety: What sets them apart from their competition is the variety of future bets that they offer. In addition to picking winners of races, bettors are able to place over/under wagers on the amount of races a driver will win over the course of a season. As of January, Caesars is the only sportsbook offering that feature.
Other features: That feature alone puts Caesars in a class all by itself when it comes to premier NASCAR betting sites. Yet, they have a lot more to offer, like their user-friendly interface and fast payout speeds. After acquiring British bookmaker William Hill for $4 billion in 2021, Caesars has evolved into a top-notch sportsbook that is currently at the forefront of NASCAR wagering.
Caesars online sportsbook is readily available and legal in: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Washington D.C., and Wyoming.
Known for their competitive odds, BetMGM online sportsbook options to wager on NASCAR aren’t particularly vast, but they nail the essentials. Like the majority of online sportsbooks, BetMGM only offers bettors the ability to wager on the Daytona 500 and the 2023 NASCAR Cup Series Championship as of January. However, their layout and odds make them a viable option—especially considering they’re official betting partners with NASCAR.
BetMGM sportsbook is currently legal to use in: Arizona, Colorado, Washington,D.C., Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, Nevada, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
FanDuel sportsbook is a fan-favorite among sports bettors due to their ability to tap into just about every essential feature, such as: live betting, same game parlays, and quality user interface. As far as NASCAR betting is concerned, FanDuel lacks variety, as it only allows for basic wagers on a couple of races. Still, they are never a bad option.
FanDuel online sportsbook can be accessed in: Arizona, Colorado, Connecticut, Iowa, Illinois, Indiana, Kansas, Louisiana, Michigan, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
A sponsor of NASCAR star Bubba Wallace, DraftKings sportsbook is one of the premier online sportsbooks in existence as of 2023. Again, don’t expect a ton of wagering variety on the sport, but do expect a pleasant betting experience with competitive odds and fast payouts.
DraftKings online sportsbook is currently legal and operational in: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi*, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, Washington, West Virginia, and Wyoming.
Believe it or not, PointsBet actually offers wagering on more races than any other notable book at the moment. It’s not much, but they currently have odds posted for the Busch Light Clash at The Coliseum—a race that isn’t posted on the aforementioned sportsbooks—despite it taking place on Sunday, February 5, 2023.
PointsBet online sportsbook is currently legal in: Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, West Virginia, and Virginia.
A typical NASCAR race contains 40 drivers; meaning there are 40 different drivers to bet on to win the race. Most times, the favorite to win a race will have odds of (+1000) or greater. On the opposite end, you’ll frequently find drivers whose odds to win exceed (+20000).
While most online sportsbooks only grant bettors the opportunity to pick the winner of a race, they’ll sometimes offer different wagers such as “head-to-head driver matchups” and “group matchups”. As previously mentioned, Caesars allows for over/under wagers to be placed on the number of wins a driver will have in a season.
Like golf, bettors can sometimes find odds on a NASCAR driver finishing in the top five, top 10, etc. The final type of bet-type that you may encounter are prop bets, including “how many drivers will finish the race?” and “how many caution flags will there be?”.
Placing bets from apps on your mobile device is the most common method of wagering nowadays—and almost every prominent sportsbook offers a downloadable app.
It’s smart to download the app in case you get the desire to place a wager while out at a bar or at a friend’s house watching a race. The ability to utilize an app is even more important now with the addition of live betting. Simply pulling up an app in one click is far more efficient than opening up your web browser and finding the website.
Fortunately, just about every sportsbook that’s worth using has a user-friendly app. You can’t go wrong using apps via Caesars, DraftKings, FanDuel, BetMGM, or PointsBet.
The 2023 installment of the Daytona 500 is rapidly approaching—and it’s the perfect time to bet on a NASCAR race—whether you’re new to it or have done it before.
If you’re looking to put some money on the consensus betting favorite, Denny Hamlin, you’ll definitely want to use FanDuel, as they have him at +1300. Or say you want to bet on a household name like Martin Truex Jr., stick with FanDuel, because they have him at +4000. It’s incredibly important to scout different sportsbooks for the best odds because Caesars has Truex Jr. at (+2500) for the Daytona 500. You’ll receive a far greater payout if you do your homework.
Live betting has become a staple of sports wagering—and it’s no different with NASCAR. Say the drivers are on lap 50 out of 200 and you see the driver in ninth place starting to gain momentum, placing a live bet on him to win the race can result in a big payday.
Odds change by the second so savvy bettors can swoop in and catch them at the right time. A betting favorite can get off to a slow start, causing their odds to diminish. Yet, if you believe they’ll still win the race, putting money on them will yield greater profits through adjusted odds.
As far as live betting on NASCAR goes, sticking with their official betting partner (BetMGM) is the wisest choice. Not to mention, BetMGM boasts one of the most user-friendly interfaces of any online sportsbook. A close runner-up would be FanDuel due to their seemingly favorable NASCAR betting odds.
Sign-up bonuses can be very enticing to new users, but some stand above the rest. The best sign-up bonus comes with making a deposit with Caesars online sportsbook. Not only will you receive up to $1,250 back in first-bet insurance, but you’ll also get 1,000 of both their tier and reward credits.
DraftKings, FanDuel, BetMGM, and PointsBet all offer competitive sign-up bonuses though. It’s actually not a bad idea to give them all a try in order to reap the benefits of their bonuses.
Odds boosts and promotions geared towards NASCAR don’t come around all that often, so it’s critical that you take advantage of them when they do. In the week leading up to marquee races like the Daytona 500 and the NASCAR Cup Series Championship Race, make sure to peruse the promotions page to see if there are any viable for the event.
Group bets are a combination of futures and matchups. They normally consist of four to five drivers of whom bettors pick whichever driver they believe will finish ahead of the rest of the group. They are then paid out based on the odds offered. Group bets are a fan-favorite amongst experienced NASCAR bettors.
Field betting includes wagering every driver that does not have individual odds for that weekend’s race and will usually contain big longshots. So, rather than betting on a single driver like Bubba Wallace or Denny Hamlin, you’ll take the field instead.
The simple answer is of course. However, the race must be taking place in a state where online sports betting is legalized. On top of that, you must be using a sportsbook that’s operational inside the state that you’re in at that moment. If you live in New Jersey, where DraftKings is legal, but you’re watching an event in California, you won’t be eligible to place wagers on DraftKings until you re-enter a state in which it’s authorized.