Although betting on auto racing is not as popular as racing betting online in other sports such as football or basketball, it is still an interesting thing to bet on, especially if you are a fan of motor sports. What makes auto racing so interesting to bet on is that it is unpredictable. The three most popular auto racing events to bet on are NASCAR, Formula 1 and Indy Car racing. We explain each below and list the best websites to bet at.
- NASCAR betting has become extremely popular in the USA, and one of the reasons for this, except the obvious reason of being popular, is that betting on NASCAR is pretty simple. There are three types of bets on NASCAR available to bettors in the USA: they can bet on a certain driver to win a certain race, they can bet on a driver to place in the top three or they can bet on a driver to finish a race in a higher position than another driver. When betting on a driver to win the race, there will be a list of drivers with odds of winning for each one, and these odds will normally be expressed as money line odds, meaning that the favorite will have lower value odds than the underdogs. The odds of a driver finishing in the top three will always be lower than for the driver to win, and they will also be expressed as money line odds. The last type is betting on one of two drivers to finish in a higher place, and the money line odds will be negative for the favorite and positive for the underdog.
- Formula 1 betting typically offers three main options: betting on the qualifying hour, betting on an individual race or betting related to the overall championship. In the first type, you can bet on qualifying times or which driver will get pole position. If betting on an individual race, you can bet on a driver to win the race or a bet on a constructor winning a certain number of points. If you decide to bet on overall championship, you can bet on a driver or constructor to finish the championship in a certain place. The odds on these types of bets are usually expressed in the same way as in NASCAR betting, as money line odds.
- Betting on Indy Car will give you odds on each driver wining a single specified race, and the odds for individual race matchups each week. There are not as many options available for betting on Indy Car as there are for betting on NASCAR or Formula 1, but these options given are enough to make racing more interesting and to give bettors a chance of making a profit.
- Moto GP betting is also gaining traction amongst action sport fans.