Racing to Responsible NASCAR Betting Trends

10 min read
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Fact checked by:
Paruyr Shahbazyan
Last Updated: May 27, 2024, 2:43 PM


Welcome to "Racing to Riches," your ultimate guide to mastering NASCAR betting trends. The high-speed world of NASCAR is one of the most popular betting verticals and this guide will give you insights into strategies and trends that can elevate your betting experience. Whether you're a seasoned NASCAR fan or new to the track, this guide provides you with the essential knowledge and tools needed to make informed and successful bets in the world of NASCAR racing.

Selecting Your NASCAR Betting Platform

Choosing an appropriate platform for NASCAR betting is crucial. Here are some factors to consider:

  • Race Coverage: Select platforms offering extensive betting options across various NASCAR events, including both prominent races and less-publicized ones.
  • In-Play Betting: For added excitement, opt for platforms that offer live betting during NASCAR races.
  • Competitive Odds: Ensure that the chosen sportsbook offers competitive odds on NASCAR races to enhance your potential returns.
  • User-Friendly Interface: A platform with an easy-to-navigate interface makes placing bets straightforward and enjoyable.
  • Security and Reliability: Prioritize sportsbooks with robust security measures to protect your personal and financial details.

Understanding NASCAR Betting Fundamentals

NASCAR odds are a way to quantify the likelihood of a certain driver or team winning a race or achieving a specific outcome. These odds can be presented in three main formats: decimal, fractional, and American. Understanding how to read and interpret these formats can help bettors make informed decisions about their wagers.

Decimal Odds

  • Format Description: Decimal odds represent the amount one wins for every $1 wagered. The value indicated includes the return of the stake.
  • Real Example: If Kevin Harvick is listed with decimal odds of 4.50 to win a NASCAR race, a $1 bet on Harvick would return $4.50 if he wins. This amount includes the original $1 stake, meaning the profit would be $3.50.

Fractional Odds

  • Format Description: Fractional odds, popular in the UK, show the profit relative to the stake. The fraction (e.g., 5/1) indicates how much profit you gain on a $1 bet.
  • Real Example: If Denny Hamlin has fractional odds of 5/1 to win a race, this means for every $1 wagered, the bettor wins $5 profit. So, a $10 bet would result in $50 profit (plus the original $10 stake returned, totaling $60).

American Odds

  • Format Description: American odds are presented with a plus or minus sign. A plus sign (+) indicates how much profit you'd make on a $100 bet, while a minus sign (-) shows how much you need to bet to make $100 in profit.
  • Real Example: If Chase Elliott is listed at +300 to win a race, a $100 bet on Elliott would net $300 in profit if he wins. Conversely, if Kyle Busch is at -150, it means you would need to bet $150 on Busch to win $100 in profit.

Common NASCAR Bets

  • Race Winner: Betting on the driver you believe will win the race.
  • Podium Finish: Wagering on whether a driver will finish in the top 3 positions.
  • Head-to-Head: Betting on which of two drivers will finish higher in a particular race.
  • Fastest Lap: Predicting which driver will clock the fastest lap during a race.
  • Prop Bets: Betting on specific events within a race, like the number of caution flags.

Analyzing NASCAR Betting Trends

  • Driver Performance: Review past NASCAR seasons to identify trends, such as which drivers consistently excel on certain tracks or under specific conditions.
  • Track Characteristics: Understand how different track layouts and surfaces impact driver performance. Some drivers may perform better on superspeedways, while others excel on road courses.

Responsible Strategies for NASCAR Betting

  • Bankroll Management: Implement a strategic approach to manage your betting budget and mitigate excessive risk.
  • Driver and Track Analysis: Conduct in-depth analysis of drivers' strengths, weaknesses, and historical performance at specific tracks.
  • In-Play Betting Tactics: Utilize in-play betting by analyzing live performance, momentum shifts, and real-time race conditions.

Driver and Track Dynamics in NASCAR Betting

  • Key Driver Impact: Consider the effect of top drivers, recent form, and injuries on race outcomes. A driver returning from injury might have unpredictable performance.
  • Track Analysis: Evaluate how track features, such as length and turn types, may favor certain drivers or driving styles.


"Racing to Riches" has prepared you with the fundamental knowledge and strategies to effectively navigate NASCAR betting trends. From selecting the right betting platform to exploring diverse betting options and advanced strategies, you're now well-equipped to dive into the thrilling world of NASCAR betting. Stay informed, bet responsibly, and enjoy the thrill of wagering on NASCAR races.

NCAA Baseball
Conducting Interviews
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Creating Books
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Meet Our Authors

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG


Principles and Ethics

Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.


Sol Fayerman-Hansen
Sol Fayerman-Hansen

Sol Fayerman Hansen is the Editor-in-Chief at With over two decades of experience in sports journalism and iGaming content, Sol finds working with a refreshing experience focused on transparency and responsible, informed sports gambling. 

No, that bonus won't make you rich; it might lead to a gambling addiction even faster.

Notable Achievements

Sol is the creator of the world's largest book on digital art, a work collected by Harvard University libraries for its historic significance. He also served as the head of innovation at the Bank of Montreal, specializing in advanced technologies.

Personal Passion

Writing is Sol's daily practice and his art. He loves enriching readers with every story, reflecting his commitment to helping people through his work.


An avid sports lover, technology enthusiast, and a dedicated collector of both digital and physical art, Sol is habitually curious and a serial experimenter who loves to test new things…it's the only way to learn.

Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambling team.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Mike made the decision to dive headfirst into the booming world of sports betting fresh out of college. Back in the day, when 1-800 pick lines and sports pagers were all the rage, he couldn't resist the allure, having grown up idolizing sports legends like Sweetness, MJ, and Slammin Sammy. Mike dedicated his early years to the industry, tirelessly analyzing games, writing articles with free picks, and selling his expertise on reputable handicapping sites. Unlike many others, Mike was known for his integrity and only released one Game of the Year per sport, per season. His hard work and unwavering commitment paid off, earning him a devoted following and propelling his career to new heights. Then came the explosion of Daily Fantasy Sports. Believe it or not, companies like DraftKings and FanDuel used to pay Mike's company to increase their brand exposure. Now, those same industry giants don't even bother responding to his emails. While Mike appreciates the convenience of being able to place legal bets in his own backyard, he can't help but feel disheartened by what has become of the industry. People are being led astray, falsely believing that a mere $5 wager on a 20-team same-game-parlay will be their ticket to financial security. If there’s one thing Mike learned from making book back in the day, it’s that parlays are a bookie’s best friend. A bankroll is the only leg you have to stand on in the battle with the books, and Mike’s here to offer up advice on how to protect it.

Mark Medina
Mark Medina
NBA Reporter

Mark Medina is a longtime NBA reporter that includes stints as a Lakers blogger with The Los Angeles Times (2010-12), Lakers beat writer with the Los Angeles Daily News (2012-17), Warriors beat writer with Bay Area News Group (2017-19) as well as an NBA reporter/columnist for USA Today (2019-21) and (2021-23). Medina is also an NBA insider with Fox Sports Radio and frequent contributor to CBSLA's SportsCentralLA with Jim Hill and with Spectrum Sportsnet.

Daria Tuboltseva
Daria Tuboltseva
Hockey Journalist

Daria went to St. Petersburg State University and earned a bachelor of international journalism. Working as a sports journalist from 2014, from 2016 as a hockey journalist. Covered 5 World Championships, 2022 Winter Olympics, 2020 World Juniors, 6 Gagarin Cup Finals. 

Owner of a telegram channel Coolest Game on Earth.

Integrative nutritionist specializing on sports nutritionology.

Paul M. Banks
Paul M. Banks
Sports Journalist

Paul M. Banks is a professional Content Creator whose career has seen bylines in numerous publications, including the New York Daily News, Chicago Tribune, USA Today, Yahoo, MSN, FOX Sports and Sports Illustrated.

Banks has made scores of guest appearances on live radio and television, featuring regularly on NTD News, WGN-TV, CCTV, ESPN Radio, the History Channel, SiriusXM and CBS Sports Radio.

He is the Founding Editor of The Sports, which has been featured and linked in hundreds of leading media outlets all across the world.

He has also authored two books, one of which, "No, I Can’t Get You Free Tickets: Lessons Learned From a Life in Sports Media," became an assigned textbook in journalism courses at State University New York-Oneonta.

Nikhil Narain
Nikhil Narain
Cricket Journalist

Nikhil Narain is a die-hard cricket romantic, published author, and has worked for some of the leading digital websites and broadcasters in India and overseas. An alumnus of the London School of Economics, Nikhil's forte is using data and numbers creatively to weave interesting stories and revolutionize the way cricket statistics are generated and analyzed.