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Daytona 500 Betting

The Daytona 500 is a 500-mile-long NASCAR Cup Series race and is easily one of the most popular events across the globe in the motor racing calendar, hosted annually by the Daytona International Speedway in Daytona Beach, Florida. Betting on the Daytona 500 has become increasingly popular with both seasoned and occasional punters fancying their chances of winning some bets. Read on to discover more about Daytona 500 betting, including a range of tips and strategies you can use. 

Daytona 500 Popularity in Canada

The Daytona 500 is one of the most eagerly anticipated races in motorsport. It is the biggest, richest, and most prestigious NASCAR race, and it attracts thousands and thousands of viewers from Canada every year who tune in to watch the action unfold on television, with some even making the journey to Florida to take in the experience in the flesh.

No Canadian has yet managed to take top spot in the world-famous race, however, D.J Kennington became the first Canadian in 29 years to make the starting line in 2017 as he then guided his car to a respectable 24th placed finish.

Despite a lack of significant success, thousands of Canadians are still absorbed by the action and betting on the race has become an annual tradition among many families. The race is unpredictable and full of drama right until the chequered flag, so bets often stay alive until the very last lap.

Popular Daytona 500 Bets

The Daytona 500 is a huge event in the sporting calendar for fans of both motor racing and betting. There is a wide range of rewarding and intriguing markets to look into over the Daytona 500 race weekend and in this article, we are going to explore the most popular markets that you can use in your betting strategy.

Outright Betting

It will come as no surprise that outright betting is the most popular market for Daytona 500 bets. With 40 starters on the grid there is plenty of opportunity for an underdog to take the chequered flag and make some ambitious bettors a substantial profit. The dramatic crashes and tactical strategies involved in the Daytona 500 make it an extremely difficult race to predict, which is one of the reasons it is so popular with betting and race fans alike. This means the odds available in the outright markets are much more generous than many other motor sports and so there is plenty of winnings to be pocketed here.

Top 3 / Podium Betting

As well as outright betting, you can also bet on who will finish on the podium during the Daytona 500. These markets work much like ‘placed’ bets in other racing events but essentially you are betting on a racer finishing in the top 3. These markets are also popular with punters, largely because it eliminates some of the unpredictability we have already touched on while maintaining a lot of the value. You can still get valuable odds in the top 3 markets but benefit from some flexibility in the result.

Head-to-Head Betting

Head-to-head betting is one of the markets that is popular across most motorsports and it has a high take-up at the Daytona 500. Pairing off drivers’ performance against one another is great from an entertainment perspective as you end up having a race within a race, but it is also great for betting. It means you do not have to risk so much on the main result like you do with outright betting or top 3 betting, and instead you are filtering down to two individual performances. The odds may not be as generous but there are less variables in the way to prevent a winning bet coming in. Bookmakers will often price up their own driver matchups while others will allow you to request the odds between two drivers if it is not already offered.

Prop Bets

You will find a huge range of fun and innovative proposition (Prop) bets available on the Daytona 500 to enjoy. These range significantly in themes, but you can get result-themed markets such as ‘Fastest qualifying time’, ‘fastest lap’ or ‘winning team’, as well as more ‘luck’ or ‘fun’ themed markets such as ‘the number of caution flags’, ‘over/under on the winning cars number’ or ‘odd or even numbered winner’. There are countless options for prop bets with different bookmakers offering their own markets. Browsing across several sportsbooks can give you a better idea of what is available before choosing which markets to bet on.

Live Betting

Like many sports, live betting options for Daytona 500 are fantastic with markets that cover a huge range of events. Whether you are simply choosing the winner mid-race or want to bet on how many crashes there will be before the race conclusion, the in-play markets are packed full of profitable opportunities.

Previous Winners of the Daytona 500

Adding a winning Daytona 500 trophy to your trophy cabinet is one of the most sought-after achievements in motorsport. The race has been held every year since 1959 and the list of multiple winners is incredibly small. The two most decorated racers in Daytona 500 history are Richard Petty who won the race a staggering seven times between 1964 and 1981, while Cale Yarborough took victory on four occasions between 1968 and 1984.

Tips for Betting on Daytona 500

We have mentioned on several occasions that the Daytona 500 can be extremely unpredictable, and while that is true, that does not mean for one second that there are no tips and strategies that you can apply to your betting to increase your chances of being successful. So, let’s cover some of the key points that you should consider before placing your wagers on the next Daytona 500.

1. Keep up to date with news from the track

Keeping up to date with NASCAR news throughout the season is advised, but most importantly, you should try and make sure that you are checking the news and social media regularly in the immediate build up to the Daytona 500. News travels quickly from the track and on occasion you will find yourself hearing news that may affect a driver before the sportsbooks have had the opportunity to alter their odds to reflect it. Race week will provide a few unexpected stories, so keep your eyes and ears peeled for any news that you can use to your advantage.

2. Use multiple betting sites

The odds for the Daytona 500 are extremely competitive and sportsbooks will be offering different prices. Make sure you assess the competition for the best priced odds so you can then maximize your potential profits. There will also be bonuses and offers to utilize at different sportsbooks that you should take advantage of and the range of intriguing and innovative markets from different betting sites will also help to uncover the best betting options for you.

3. Study track history and similar tracks

Different NASCAR racetracks tend to throw out different results and as such, elements of races should be treated individually. No two tracks are identical and so how a driver performs on one track does not necessarily reflect how they will perform at another. Take the time to do your research and investigate how specific drivers have performed at the Daytona 500 previously or tracks that offer up similar challenges.

4. Do your research and listen to experts

Of course, the eventual goal is for you to become an expert on the Daytona 500 event, however, there is absolutely nothing wrong with casting your eyes over what former racers and professional NASCAR reporters are saying about the upcoming race. You do not necessarily have to follow their tips but taking on board their viewpoint and suggestions can only increase your bank of knowledge from which you can then base your bets.

Best Bookmakers for Daytona 500 Betting in Canada

There are many online bookmakers for you to choose out there but if in any doubt, you can rely on any of the online sportsbooks mentioned on this site. To give you a head start, we have some of the top sportsbooks for you to consider for your Daytona 500 bets.

Betway

Betway is one of the world’s leading sports betting sites and so it can offer extremely competitively priced odds as well as some of the most alluring welcome offers and bonuses on the Daytona 500. There is first-class customer service available 24 hours a day 7 days a week, so you will find assistance for any query from accounts to betting and bonus promotions.

Betsafe

Betsafe offers a safe and secure platform for you to place your Daytona 500 bets. There is an extensive amount of previous race data and information for you to analyse and use in your betting strategy, while they also offer a versatile range of banking options that will suit every bettor. The easy-to-use layout makes Betsafe a “safe” bet for beginners.

Unibet

Unibet offers a seamless betting experience from their optimized platform and there is a wide range of live betting options and even the opportunity to live stream thousands of events every year. They have flexible banking options to suit every bettor while they also boast licenses from the most respected authorities in the industry, so you can rest assured your money and details are safe.

Daytona 500 Betting FAQ

Can I bet on the Daytona 500 midrace?

Sure, almost all the leading betting sites will hold a wide range of live Daytona 500 markets that you can use in your strategy midrace. There are many twists and turns throughout the race and betting midrace can be profitable.

Can I bet on the Daytona 500 from my mobile phone?

Yes! All worthwhile sportsbooks will offer a comprehensive range of markets on the Daytona 500 with a mobile-friendly user experience so you can bet on the move. Mobile betting is high priority for all punters nowadays and all our recommended sites will provide this feature.

When is the Daytona 500 held?

The Daytona 500 is held annually at the Daytona International Speedway in Daytona Beach, Florida. It is usually held mid-to-late February but remember that you can place bets well in advance of the event starting as well.