[imagesource: Peter Casey / USA Today]

Placing bets on NASCAR can be tricky if you are not familiar with the sport and how the competition works. In addition, you won’t get the full experience if you cannot find the right sports betting site to place your bets. In that case, you need to ensure that you join a top sportsbook with the best NASCAR odds.

Once you have done that, the next phase is to start betting. However, you want to get enough information before you jump right into placing bets on various cup series and races. Therefore, we have put together some helpful tips to help you improve your NASCAR betting and prediction. Let’s dive right in!

Understand the Upcoming Events

NASCAR organizes many motorsport events all-year-round. As a result, there are many options for you to bet on if you want to give the sport a try. So, whenever you want to do that, you first need to learn the different upcoming events in the following months. 

Once you do that, you can learn about the different turfs, racetracks, rules, trends, and other related factors. This ensures that you get a good idea of where you should place your bets and what you should bet on. 

Follow the Roaster

Each racing event by NASCAR has roasters containing the drivers, cars, and manufacturers participating in the tournament. With this information, you can create your betting strategy around the roaster, giving you a heads up on what, who, and where you should wager.

With the roaster, you can also research drivers and try to understand their stats and performance. You will also know their records on a particular racetrack, giving you the chance to make informed bets that can increase your win rate. Finally, you can use the roaster to schedule your betting plan.

Research the Drivers, Cars, and Manufacturers

Knowing the drivers, cars, and manufacturers participating in the competition you want to bet on will help you place better bets on the tournaments. You can use trends to understand how the drivers perform in that particular location. For instance, if you are betting on the Ruoff Mortgage 500 in Phoenix, you will check which driver has performed the best in recent years.

You can always check other relevant information to help you improve your betting structure. You can even try other areas of the betting market based on the outcome of your research. With that, you do not have to place misinformed bets.

Keep Your Bets Short and Uncomplicated

As a newbie, you do not want to overcomplicate things for yourself. You want to keep things as simple as possible. You need to go for the straightforward betting markets, like who would win a particular race. That way, you can tell when you’ve won or lost. Also, researching would not be hard as you know what factors you focus on.

Aside from that, you can replicate your bets easily throughout the competition. So, if you make the right bets, you will win more money. Fortunately, NASCAR has enough straightforward betting markets to choose when you want to place your bets.

Hedge Your Bets

Many bets can be risky, and you might have already placed them. In that case, there is a good chance that you will lose once the race is over. You can always give yourself the chance to win some of your bet amounts back by hedging your bets. After doing your research, you need to place a safer bet to counter your initiate one. 

Hedging your bets might mean betting more, but it is a way to add cushion to your original bet. But, you should ensure that you do not place an opposite bet that would mean both can’t win. For instance, when you bet on a particular driver to win outrightly, you can hedge the bet by wagering that he will finish on the podium (top three).

Final Thoughts

When you are betting on NASCAR, it pays that you have enough knowledge of the sport to not be in the dark. Also, you want to be familiar with the events and when they will start. All in all, you should be careful not to bet more than you can afford to lose.