Are you a fan of auto racing? Think you have the skill to predict the winners in each race? You may want to consider betting on auto racing. It’s a fun way to enjoy each race, and you could even make some money.
Sports gambling has become legal in many areas of the United States in recent years. That’s led to betting opportunities on a wide range of sports that haven’t traditionally been known for gambling. For example, on many websites today, you can place bets on golf, fishing, and, yes, even auto racing.
Gambling can be fun, but it can also be severe. Never gamble more than you can afford to lose. If you feel you are gambling too much or it feels compulsive, take a break from it so you can cool off.
There are many websites that now allow gambling on auto racing. You can sign up here to get started on one of the best and easiest sites to place bets and get your payouts.
Auto Racing Winner Odds
One of the most straightforward bets in auto racing is betting on the winner of a particular race. Each driver is assigned odds by the betting platform. The odds are based on the likelihood that the driver will actually win. The more likely the drivers win, the lower the odds. If a driver is a long shot at winning, the odds will be higher.
The odds also dictate how much money you will win. If you pick a driver who is widely predicted to win, you won’t win as much money as you would if you had picked a winner who was a long shot.
For example, let’s say a driver is the leader to win and has 5/1 odds. That means that if you bet $10 on him to win and he does, in fact, win the race, you will win $50. You will collect your $50 in winnings plus get back your $10 bet. If he does not win the race, you will lose your $10 bet.
Now let’s say you bet $10 on a driver who is 50/1 odds to win. If that driver wins the race, you will get $500 in winnings plus your $10 back. If he does not win, you will lose the $10.
As you can see, betting on a long shot may win you more money. However, there is also less likely that you will win. Betting on a favored driver gives you more likelihood of winning, but you will ultimately collect less money.
Matchup Bets
Matchup bets are a fun way to bet on racing with less risk involved. In a matchup bet, you simply bet that one driver will finish ahead of another driver. That’s it. It doesn’t matter who wins the race. It just matters who finishes first between two specific drivers.
In these bets, you typically win back your bet for less than a small fee for the betting platform. For example, let’s say you bet on Driver A to finish ahead of Driver B in a particular race. You place $10 on the bet.
If Driver A does finish ahead of Driver B, you will receive $10 in winnings plus your original $10 back. You may have to pay a small fee of $0.50, for example, for the transaction on the betting site. So you would get a total of $19.50 back on your $10 bet.
If Driver A finishes behind Driver B, you lose your $10 and don’t receive anything.
Many auto racing betters like matchup bets because they aren’t as risky as betting on the winner of a particular race. Win betting on a race winner, you have to get one car right out of a field of possibly 30 drivers.
In a matchup bet, you simply have to get a winner correct out of two drivers. While not always the case, it’s closer to a 50/50 proposition in a matchup bet than a bet on a race winner. Race-winner bets may deliver a bigger payday, but matchup bets can deliver more consistent wins.
Betting on auto racing can be a great way to make the race more enjoyable. However, don’t let it get out of hand. If you’re betting so much money that you have stress and anxiety about losing, that’s a good sign that you are betting too much.
Your bet should be a small amount that makes the race slightly more fun. Keep the betting amount small enough that it won’t affect your life if you lose the bet. If you keep your bet amounts manageable and do your research before each race, you’ll likely win some bets over time. That could help you enjoy your favorite sport even more and add some money to your bank account.