NASCAR Bookmakers

I don't endorse or recommend any of the below bookmakers. These are not affiliate links or paid listings, they are provided purely as helpful information. If you would like to suggest an addition to the list please let me know in the comments section below.

Betfair

Win and Top 3 market on each race plus betting on the overall championship.

Supports In-Play betting.

Laying and Backing betting exchange system rather than a traditional bookmaker.

http://sports.betfair.com/

Paddy Power

Win market on each race plus betting on the overall championship.

Each Way betting on top 4 finish at 1/4 odds.

http://www.paddypower.com/bet/motor-racing/nascar

Sporting Bet

Win market on each race plus betting on the overall championship.

Each Way betting on top 4 finish at 1/4 odds.

http://www.sportingbet.com/Sports/US-Motor-Racing/270

Bet Fred

Win market on each race plus betting on the overall championship.

Each Way betting on top 4 finish at 1/4 odds.

http://www.betfred.com/

Skybet

Win market on each race plus betting on the overall championship.

Each Way betting on top 4 finish at 1/4 odds.

http://www.skybet.com/betting/nascar/

Bet365

Win, Top 5 finish and Group betting markets on each race, plus betting on the overall championship.

Each Way betting on top 4 finish at 1/4 odds.

http://www.bet365.com/

Results

Pocono - 6th June 2010

Final selections
Complete ratings and odds calculations sheet

Race Winner: Denny Hamlin (1st)
Best Value Bet: Juan Pablo Montoya (8th)
Best Value Lay: Jeff Gordon (32nd)
Best Longshot: Jamie McMurray (36th)

Betting Results:

Back Montoya Top 3: -2 units
Back Burton Win and top 4: -2 units
Back Bowyer Win and top 4: -2 units
Lay Jeff Gordon Win: +6 units

Result: Break Even

About NASCAR Odds

About Me

My name is Brad. I am an Australian who loves his motorsport, particularly NASCAR and Formula 1.

I've developed a simple yet effective system of framing a market on these events and very much enjoy the challenge of finding value bets and lays. I'm not a big punter, and I don't gamble on anything else apart from motorsport. I find betting on the races not only adds extra interest due to the potential winnings, but greatly enhances my enjoyment of following the news and trends between events.

I created this website mostly as an assistance to myself in solidifying my thoughts by publishing the markets and analysis I do, plus I would like to see more people wagering on NASCAR at the Betfair betting exchange, which is low on liquidity.

A shout out also has to go to John, from the rec.autos.sport.nascar usenet group, for inspiring me with his original rating system for making tipping competition picks.


How The Rating System Works

I rank the drivers from 1 to 20 in 10 criteria, and give 20 points for first down to 1 point for 20th in each. I then use a weighting factor for each criteria to determine a Weighted Rating for each driver.

Current Championship Rank (.25)
Last Race Result (.25)
Last Race At This Track (.25)
Best Finish At Track in Last 3 Years (.25)
Pre-Event Betting Odds (.50)
Practice 1 Speed (.25)
Qualifying Rank (.75)
Practice 2 Speed (.50)
Happy Hour Speed (1)
Pre-Race Odds (.50)

Those weighted ratings are then used to calculate the probability percentage each driver has of winning, which is converted into a True Odds figure.

See an example ratings sheet from the June 2010 Pocono race here.

The True Odds are based on a totally "fair market", with no Over Round (profit) calculated in by the bookmaker (typically 15-20%). So you can expect most of them to be above bookmaker offered odds, but it is where they differ greatly that an opportunity for astute punters arises. In basic terms, if you only ever back runners at prices above their True Odds, or only ever lay runners at below True Odds, the law of averages promises you will win over the long run.


How Often Does The System Win?

Although it isn't my primary aim, the weighted ratings have done amazingly well at picking the race winner (5 from the last 6 races at the time of writing). To date in 2010 I am averaging a 25% increase in my bank per race using the system in conjunction with Dutch and Hedge betting strategies.

Check out my Results Page to see how it has done since May 2010.


Frequently Asked Questions

When I get some they will go here. :)