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The Grueling Truth - Where Legends Speak / Awesome Betting Tips! How to Bet on Motorsport 2023 Win With our Motorsport Betting Guide

Awesome Betting Tips! How to Bet on Motorsport 2023 Win With our Motorsport Betting Guide

Last Updated on 05/29/2023
Fact checked by: Mark Lewis

Betting on Motor Sports

Motorsport betting may be the right choice if you’re looking for a challenging betting experience with breakneck speeds. Many top sports betting sites offer many motorsport betting options in hundreds of markets. Motorsport betting offers excellent winning chances, unique sports strategies and much more.

Our easy-to-follow guide to motorsport betting will help you get started as a newbie or an expert. We will take a closer look at crucial betting strategies and share tips and tricks with the pros.

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Motorsport – Essential Strategies and Bets

Motor racing is a sport that focuses on both points scored and winners and the final position. Formula 1 is an excellent example of this. Points scoring is essential because it directly relates to the drivers and team championships. Motor racing is focused on laps. Distance, time, technical aspects and leaderboards are all critical.

Depending on the type of motorsport you are following, how important each aspect will determine what kind of bets you make. You might see many markets for Formula 1 that deal with. These include who will win the next race, earn the most points towards a championship, and finish in the top 10.

Other markets may include technical aspects like refuelling strategy, team strategies, qualifying, pole positions, and any single and 2-way bets relevant to the motor racing event. These tips and betting strategies are an excellent place to begin your motorsport betting. Check out Caesars sportsbook, one of the best sportsbooks for betting on all motorsports.

Motorsport Betting Strategy #1 – Fastest Lap Betting

This is an exciting idea for your motorsport betting strategy: What if the person who wins the race is not necessarily the fastest? Inexperienced motor racing bettors and casual observers often believe that the winner is always the fastest.

Why is the winner not necessarily the fastest? A common strategy of a race leader is to slow down strategy to maintain their tires, position, and fuel. They can win comfortably if they can ensure that the second place doesn’t outmanoeuvre them for the top.

racer further down in the field will give it all to catch up to their leader. They will often clock faster lap times (speeds than the race leader) or even in second and third place. This is a great time to examine underdogs who may not be the favourites to win this race.

Double-chance betting markets may allow you to place money on the favourite to win (usually the current champion). You can also choose a driver you believe will post the fastest lap in the race. These bets are great for live wagering and qualifying rounds leading to the primary race.

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Motorsport Betting Strategy #2 – What about the Top 10?

The high attrition rate in motor racing is often a distinguishing feature. This applies to both the engines and cars as well as the drivers. It often leads to disappointing or unpredicted finishes, and sometimes, the favourite (or favourites) is knocked out too early. The best bookmakers are always what you should be looking for when betting on Motorsports!

Top motor racing sports such as Formula1 do not just focus on who wins the race. While the winner will get all the awards, points, and champagne, motorsport racing is more complex. The first-place finisher gets the most points. However, points are also available for third, fourth, and tenth places. Keeping your eyes on the top ten finishers and the top drivers who are physically able to fill those spots can expand your motorsport betting options. You may find markets that allow you to place bets on which driver or drivers will finish in the top 10 or the top six. This can help relieve some of the pressure of focusing solely on the winner.

Betting on NASCAR

How to Read NASCAR Betting Odds

Contrary to other North American sports, where you can bet on the money line or cover a spread or go UNDER a specific total, NASCAR is about picking which driver will win or finish in a particular position. You can place a futures bet to choose which driver wins the NASCAR Cup on a site like Fan Duel; Fan Duel offers quick payouts and excellent customer service. There are also weekly bets like outright winner or head-to-head.

The odds of a NASCAR racer being favoured will almost always include a plus sign. The favourite in other sports is usually indicated by a minus sign next to the odds. To make a $100 profit, wager $100 on the choice if it has a minus sign like -120.

You can profit if the favourite has a plus sign such as +120 by placing $100 bets to win $220. This is a $120 profit.

NASCAR offers better value because there are many unknowns in a race, such as an accident, mechanical failure or even a pit road mistake that could ruin a driver’s chances of winning. Check out our guide to the top betting sites.

Futures Betting

You can also place a futures wager to make a longer-term bet. This will allow you to predict which driver will win NASCAR Cup at the end of the season. A futures wager is more volatile than weekly bets and can offer better value.

Here’s an example showing how future odds might be displayed in a sportsbook. Here is an excellent site for betting on NASCAR; check out uni bet!

Chances of winning the NASCAR CupDriver Odds Kevin Harvick +500 Kyle Busch +500 Martin Truex Jr.+600 Denny Hamlin +700Brad Keselowski +1000 Joey Logano +1000 Kyle Larson +1000 Chase Elliott +1200 Erik Jones +1800 Ryan Blaney +1800 William Byron +2800 Clint Bowyer +3300 Alex Bowman +4000 Jimmie Johnson +4000

Futures’ odds could also fluctuate less throughout the season. Until the playoffs start, one race won’t be enough to end the entire season. Then there will be more significant swings due to drivers being eliminated. You may be able to hedge your bets to increase your chances of making a profit, especially if there are considerable odds changes late in the season.

You can place a wager on Kevin Harvick winning the NASCAR Cup at +500. He advances to the finals. You could also profit if you bet on Denny Hamlin, who is also in the finals.

Place and Outright Winner

You can place a weekly bet on who will win each race. Many books allow you to choose whether a driver will finish among the top three, top five or any other range.

It can be challenging to pick a driver who will win a race. There are often mechanical problems, accidents and other issues. It is challenging to overcome this while still beating the other 39 drivers. The odds are +300 (3:1) for the favourite driver and +300 (3:1) for each subsequent driver. It is not unusual to find a driver paying +1000 (10/1 for any race).

Bet on NASCAR

Many online sportsbooks offer the possibility to bet on the driver finishing in the top five to take out some of the risks of picking a driver that will win the race. You have the flexibility to choose a strong driver, but if he is passed on the last lap, you still win, even though the payouts may be lower.

If Kevin Harvick were the +300 (3-1 favourite) favourite to win the race, he could have odds of -120 (wager $120 – profit $100) to finish in the top five.

Head to-Head betting

 Many sportsbooks offer head-to-head betting markets. In these markets, there are two drivers, and you must choose which one wins. The odds of a head-to-head wager are lower than a futures or outright win bet. This is more like a team sport where one driver (the driver) is a slight underdog, and the other (the driver) is slight plus favourite. Denny Hamlin, for example, is a +130 favourite to finish higher than Kevin Harvick. Check out some new sports betting sites that you can use when betting on motorsports.

                                                        

  • Denny Hamlin -130
  • Kevin Harvick +110
  • William Byron -150
  • Jimmie Johnson +130
  • Kyle Busch -120
  • Martin Truex Jr. +100

Sign up at a betting site

First, choose a betting site. The Grueling Truth has done the legwork to help you select a betting site you’ll use in the future. Check out our reviews for the top sports betting sites. You will find information about the various sportsbooks and their different offerings. You will find that some books offer more sports, entertainment, or bonuses. Explore the options and pick the one that suits you best!

Step 2: Sign up for a sportsbook. Joining a book is very easy and quick. Fill out your name, date of birth, email, phone number and mailing address. You don’t have to deposit at this point; you are just building your profile which will allow you to look at the different options before putting money in an account and placing a bet.

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Step 3: Making a Deposit. Now that you have chosen the sportsbook that you would like to use for your betting future, you have to deposit funds to be able to place wagers. Books will offer different payment options such as credit card or bitcoin and, in some cases, Interac or etransfer. You will want to deposit an amount you are comfortable losing and make sure all your essentials are paid before allocating money to sports betting. Think about your average bet size, whether it’s five dollars or 100, and that should be between 1-5 per cent of your bankroll.

Step 4: Place a wager. The signing up process is complete, and there is money in your account; now is the fun part, where you can start placing bets. Look through the sportsbook for the market you would like to have action on and put in your unit size, click on place bet, and just like that, you have made a sports bet.

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