Legal Auto Racing Betting
Legal Auto Racing betting may not be the most popular spot in your online sportsbook, but the odds can sometimes be the most enticing of any sport. Though other sports dominate the focus of sports bettors, auto racing betting has slowly become of the most consistent sports to bet on across the calendar year.
Since the very first engine was invented, racing cars and auto racing betting have been a sport of mass human interest across the world. The simple concept of making your car go faster and further than anyone else’s has been around since the 1800s. Over that time, auto racing has grown into a major spectator sport, with crowds reaching over 300,000 in attendance just at the Indianapolis 500 alone. Outside of stock cars, Formula One and Formula E racing dominate the global racing landscape and draw in viewership numbers of over 470 million.
Here, you can find everything you need to get you prepared for betting on auto racing legally. We will cover the major points you need to know before placing your wagers, like how to bet, the best ways to bet, information about all the different racing types, and the best sites to use to place those bets.
How To Bet On Auto Racing
The specific bets you place on auto racing will depend on the sportsbook you choose and the type of bettor you want to be. However, there are a few standard bets that are the most common and popular when it comes to racing cars and can be found for NASCAR, IndyCar, Formula1, or basically any other racing format.
This is the most basic and simplest bet to understand across all racing leagues when it comes to betting on auto racing. You place a bet on a driver or car to win the race, and if they come in first place, you cash out. Just like in team sports, when you place your race winner bets, there will be underdogs and favorites that come with increased or lowered odds. These lines will usually look something like this:
Daytona 500 Winner:
- Kyle Busch +150
- Chase Elliot +210
- Martin Truex Jr +420
- Aric Almirola +1000
Future bets for auto racing also work very similarly to other sports we are familiar with. Typically, you would be placing a bet on who you think will win the championship during the season of your given racing league. This can be the winner of Formula 1, the NASCAR Cup Series, or Truck Series champion, and many others. A racing futures line will generally look like this:
Formula One Drivers’ Championship 2020 Winner:
- Lewis Hamilton -155
- Charles Leclerc +350
- Max Verstappen +500
- Valteri Bottas +500
Head to Head (Driver Matchups)
This type of bet is one of the most captivating in all of auto racing betting. These work very similarly to how a team matchup would work in your sportsbook. Similar to a moneyline, this bet is between two specific drivers, betting on who will finish first out of the two. This adds a further element to the race and can add excitement in new areas for viewers. This type of bet will look like this:
NASCAR Driver Matchup Odds:
- Clint Boyer -105
- Joey Logano -125
Prop bets for auto racing can get very specific and very technical depending on how deep you want to go. Some of the most popular prop bets are the top placements props or podium bets. These are bets on specific drivers to finish on the podium (Top 3) or in a specific range like the top 6 or 10. These kinds of bets are listed like this:
Top 6 Finish:
- Lewis Hamilton -600
- Valtteri Bottas -400
- Daniel Ricciardo -350
Other prop bets include things like winning margin, fastest qualifier, winning nationality of the driver, fastest lap, and flag bets. The options in auto racing are pretty expansive, supremely unique, and very fun.
Current Auto Racing Odds
Betting on auto racing is a year-round affair, with races occurring all over the world in multiple different leagues, across many different countries. Whether you are a NASCAR fan or a Formula one follower, there is always something to be looking forward to in the world of auto racing betting. In NASCAR, betting lines are easy to find during the season and will feature a favorite driver to win the race. Although there is a favorite, the driver still has great positive odds due to the unpredictability of the race. For example, in the upcoming Coca-Cola 600 at Charlotte, Kyle Busch has the shortest odds to win at +400. For Formula 1 fans, things are a little different when it comes to odds as you will typically lines listed in the European format. For example, the favorite to win the next Austrian Grand Prix is Lewis Hamilton at 28/15. IndyCar fans can also look forward to their big race on the sportsbooks all year long. For the 2020 Indy 500, Will Power has the shortest odds to win at +750. Regardless of which auto sport you follow, there are betting options available throughout the year.
Betting on NASCAR
The NASCAR season is one of the most bet on and watched sports in America for its high octane action and historic value. The great thing about betting on NASCAR is that there are three different high profile races being run every single week during the season, with the Cup Series, Xfinity Series, and the Truck Series. This allows for bettors to find plenty of action, and research all kinds of different drivers heading into the big race. For those looking to get started on NASCAR betting, there is a whole world and culture waiting to be explored. Here are some of the current odds for upcoming NASCAR events.
NASCAR Cup Series – Coco-Cola 600 – Charlotte Winner:
- Kyle Busch +400
- Martin Truex Jr. +450
- Kevin Harvick +550
- Joey Logano +550
- Brad Keselowski +800
- Chase Elliott +900
- Denny Hamlin +1100
Betting on Formula 1
As one of the most-watched sports worldwide, betting on the Formula 1 circuit is a huge hit for fans and bettors everywhere you go. There are loads of different drivers and races to bet on, as well as many different forms and types of bets to choose from. For newcomers to the sport, the most popular bets can range from simple To-Win bets to Podium finishes and Head to Head matchups. There is a whole world of Formula 1 racing to watch and learn about, and Formula 1 betting is the best way to jump-start your fanhood. Here are some of the current odds for the Formula 1 season.
Austrian Grand Prix Winner:
- Lewis Hamilton 28/15
- Charles Leclerc 7/2
- Max Verstappen 9/4
- Sebastian Vettel 5/1
Formula 1 Drivers World Championship:
- Lewis Hamilton ½
- Max Verstappen 5/1
- Valtterti Bottas 6/1
- Charles Leclerc 7/1
Betting on IndyCar Racing
IndyCar is the American form of the Formula 1 open-wheel racing style that has captivated the world. Legends like AJ Foyt and Mario Andretti blazed the trail for American open-wheel racing, and the sport has been an amazing outlet for bettors ever since. While the fan base isn’t as vocal as NASCAR in the US, the action is still tremendous and the betting opportunity is bountiful. The Indianapolis 500 is one of the biggest sporting events in the world every year, bringing in fans from the opposite side of the globe to catch the action, and see who drinks the milk. Here are some of the odds for IndyCar on the current schedule.
Indy 500 Winner:
- Will Power +750
- Alexander Rossi +800
- Josef Newgarden +800
- Simon Pagenaud +900
- Colton Herta +1000
- Scott Dixon +1000
- Helio Castroneves +1400
Using Cryptocurrency To Bet On Car Racing
When it comes to placing your bets, you are going to need to deposit funds into whichever online sportsbook you choose. Most major sportsbooks, and especially the ones we suggest, will have the option of depositing via cryptocurrency, such as Bitcoin. If you are unfamiliar with crypto, it is by far the easiest and most secure form of payment you can use for online sports betting.
It is extremely easy to set up an online wallet, purchase cryptocurrency, and deposit it into the online platform. The major advantage is speed, a factor most motorsports fans understand perfectly. When using an option like Bitcoin, your funds are deposited and withdrawn instantly and are ready for use as soon as you are.
Real Money Auto Racing Betting Deposit Options
If waiting is no issue for you, then most online sportsbooks offer a couple of alternatives to paying via real money auto racing betting deposit options. These can include credit or debit cards, wire transfer, or peer-to-peer transfers. While these options are more common for the average user, they do require processing time and possibly additional fees. Customers can expect to wait around 1-3 business days before funds are accepted or transferred. Sportsbooks also all offer unique promotions depending on your method of deposit, so be sure to check the deals page of your preferred sportsbook before depositing.
Auto Racing Sportsbooks That Payout Fast
In the United States, there are already a number of states that allow legal online or mobile sports betting. All the info is available on our page in order for you to choose this route if you live in a legal state. For the majority of people who live outside of this new legislation, then there is nothing to fear. Online sportsbooks offer a completely legal form of betting on your favorite motorsports, regardless of your location. Sites like MyBookie, Bovada, and BetOnline all offer great odds and fast payouts due to the size of their platform. All these sites have massive platforms that can handle all your requests at a very timely rate.
Mobile Betting on Auto Racing
Those looking to bet on auto racing from their mobile devices are in luck, as all of the aforementioned online betting sites offer full mobile clients to their users. You won’t even have to download an app in order to bet on your favorite auto sports on the go. Simply log on to the sportsbook website via your device's mobile browser, and you will instantly be connected to the mobile version of the betting site. This mobile version has everything you need to place and watch your bets, right from your phone or tablet. Now, all you need is an internet connection to bet from anywhere.
Live In-Race Betting on Auto Racing
One of the best modern betting features that technology has brought is the advent and expansion of Live In-Race betting. For those unfamiliar, this is the ability to bet on the odds of the race as they happen, in real-time. Sportsbooks will adjust their odds according to the action so that bettors can place real-time bets based on the developments of the race. Long gone are the days of being shut out of the action because you forgot to get your bets in on time. Now, just head over to the Live Betting section of your online sportsbook to browse the live in-race odds during your specific race.
Final Thoughts On Auto Racing Betting
Motorsports will always entertain the race loving fans of the world and that is no different to us betting enthusiasts. Auto racing betting is generally very easy to grasp, all it takes is a little familiarity with the format and vocabulary and you can be placing wagers with the best of them.