Auto racing is a popular activity around the world. Even if you are not a fan, you’ve probably seen and felt the hype surrounding each time there’s a Formula 1, Nascar, or IndyCar race on the calendar. There is nothing quite like the exhilarating, adrenaline-pumping atmosphere with enthralled fans watch and cheer with excitement.
To add to the excitement, racing enthusiasts typically also partake in auto sports betting. Because why not double the excitement for the day? At the end of the event, you will go home with both your heart and your pockets full.
Types of auto racing bets
But before you place your bets, did you know that there is a whole list of auto racing bets available for you to bet on? The usual type of bet is the ‘to-win’ bet, but this type of betting is inflexible, and as we will elaborate later along this guide, and may not be ideal for long-term gains.
If you are looking for more flexibility when it comes to betting on auto sports, below is a list of betting options you should try out for the next race:
Let’s first get to know this general and most common type of auto sports betting out of the way. This bet is simply picking which driver is going to win the race and subsequently the season championship. However, with this type of bet, there is no flexibility, and you may experience several cold streaks after another as you are picking one winner from a pool of 20, 30, or even 40 over drivers.
Match-up bets have a low betting variance as the bets are focused on only two drivers. No matter what happens in the race to the other drivers on the field, your winnings will only be determined by the two drivers selected by the particular sportsbook. So instead of picking one driver as the winner in to-win bets, now you have two options, which lowers the variance.
Match up bets are popular because they offer more chances of coming out on top, and it is also much simpler to understand.
As the name suggests, this wager is to bet on the predictions of the outcome of a future race or event and is usually not determined by only one race. Futures bets offer great returns as it involves a greater level of difficulty, and your pay-out will only be several months down the line when the event is finished.
Future bets can be placed at the beginning of the season or any time during the season except when a race is currently taking place. This is because once a race begins, the odds are pulled and only released again after the race so that it can be adjusted accordingly.
One of the more straightforward bets as you simply bet on the driver with the fastest lap. Variation comes in the odds for each driver, and it differs based on the probability of each driver finishing with the fastest lap time.
Depending on the event, certain races have stages, which means the competition is stopped at several intervals. With this type of bet, you would be placing to-win bets on the winner for each stage, which means you likely will end up with several chances of picking the winning racer.
Podium Finish Bets
Podium finish bets are popular in races like Indy Car or F1. With this bet, you are placing your money on a racer that will finish in top three. No matter which position, as long as your bet comes in one of the top three, you will receive a pay-out. Your pay-out will remain the same even if you finish in the first place instead of second or third.
Come next auto racing season, you will have much greater knowledge when it comes to placing your bets. Ideally, you would want to find the type of bet that suits your budget. And when it comes to online auto sports betting sites, you should find a reliable and certified platform.
Additionally, betting sites that accept AMEX are a plus because it also means they have robust payment options for your convenience. Plus, this usually also signifies that the platform is legitimate.
When it comes to finding the right platform, it pays to do some prior research in vetting as you will be using real money. Then, follow the tips above to find the right type of auto sports betting for you.