Most people are familiar with NASCAR, which stands for the National Association of Stock Car Auto Racing. Started in the United States, stock car racing is a unique type of auto racing. Unlike Formula 1 racing cars, stock cars are meant to look like commercial cars, with the difference being that they are modified on the inside — engines, transmissions, and more.
Stock car racing has fans from all around the world, and bettors put their faith on racers or the make of the stock car. With a predictable circuit, stock car racing is more of a game of endurance — with the pit stop crew making a big contribution towards a racer’s victory.
Want to explore stock car racing betting? Start here with this guide!
Types of Stock Car Racing betting
There are primarily two ways you can bet on stock car racing. The first way is to bet before the racing even begins. This is the most common way. However, some people like to bet live. They may prefer to actively manage their bets as the race happens. These types of bettors are very familiar with stock car racing, and how external factors like the weather condition and racer’s health or injury can influence the outcome.
In this guide, we won’t be looking at live betting as the next league is the Nascar Cup Series that starts in February 2024, which is still quite a long time to wait at the time of writing. However, you will learn a lot from “regular betting”.
How to access the Stock Car Racing betting feature
On Gambulls.com, participating in stock car betting is easy. From the homepage, find the navigation slider on the left hand side. Then, find the Sportsbook tab and click on it.
Find the sport that you want to bet on. You can use the search bar to find “stock car racing”. Once you find the result, make sure you’re on the Stock Car Racing tab like you see below.
Proceed and investigate the options tab. You can see in the demo that there isn’t any live betting going on at the moment.
On the other hand, we can view all future leagues and races under Outrights. Click on any one of the leagues and you can find a list of racers and some numbers next to their names as you can see below. If you don’t know yet, this is what’s known as a betting market. The next section below explains a little more about how the betting market works.
Stock Car betting concepts you need to know
If you move your mouse towards the top right corner, you’ll see the Odd Type. This drop down will simply change the format of the numbers, but will not affect your odds in any way. But it’s still important to understand how each of the Odd Types work.
Understanding Odd Types
Presenting odds can be done in three main formats: American, European (Decimal), and Traditional (Fractional). The odds in Malaysia and Hong Kong are merely variations of the three.
American odds mostly display possible profits in monetary terms. A bet of $100 might potentially yield a return of (+). A wager with +200 odds, for example, has an additional $200 profit potential in addition to the initial $100 stake.
Negative(-) American odds indicate the amount wagered in order to win $100. Favorites are usually subject to these odds. For example, if the odds are -150, you have to bet $150 to win $100. Even money odds of (+100 and -100) indicate a payout that is equal. A $100 wager at +100 odds yields a profit of $100, and a $100 wager at -100 odds yields a profit of $100.
Decimal odds are simpler to comprehend. With odds like 2.00, you will win $2 in addition to your stake for each dollar you wager.
Fractional odds, such as 5/2, suggest that one could make $5 for every $2 wagered or $2.50 for every dollar wagered.
Why is it important to understand the odds?
Have you ever invested in the stock market? Despite your best efforts to find high-performing businesses, there are times when a company’s performance is not represented in its market value.
When you bet, the odds give you an idea of what other people are betting on. In the last picture, Kyle Larson’s odd score is displayed as 6.50. This suggests that if you bet $100 on him and you were right about his win, you would get $650 back (i.e., with $550 in profit).
But let’s assume you’ve done your research to support your prediction that Martin Truex Jr. will win this season. According to the sportsbook, fewer people are rooting for Martin Martin Truex Jr. because he has larger odd numbers.
A higher odd number does not, in the bettor’s opinion, imply a greater likelihood of victory for the team—quite the opposite. Martin Truex Jr. has fewer supporters, so if they turn out to be right, the sportsbook bookkeeper stands to lose a lot more money.
You will get $1003 for every $100 you wagered if your prediction that Truex Jr. will win is accurate. There are times when it makes sense to heed the consensus, sometimes referred to as crowd wisdom. There are times when going against the grain (and being absolutely right) could be more advantageous!
Strategies to consider in Stock Car Racing betting
Of course, don’t rely solely on the sportsbook numbers! Actually, do your research. Figure out who you want to root for based on a team’s past performance, attitude towards winning and losing, training, car maintenance, make of the car, age, and more.
Betting on stock car racing can be an exciting and potentially rewarding activity, but like any form of sports betting, it’s important to approach it with knowledge and strategy. Here are some beginner tips for stock car racing betting:
- Understand the Basics:
Start by familiarizing yourself with the basics of stock car racing, including the latest trends in engine modifications, or trends in racing strategies.
- Manage Your Bankroll:
Set a budget for your betting activities and stick to it. Avoid betting with money you can’t afford to lose. Responsible bankroll management is crucial to long-term success.
- Start Small:
As a beginner, it’s a good idea to start with smaller bets until you become more confident and experienced in stock car racing betting. Over time, you can adjust your betting amounts based on your comfort level and results.
- Stay Informed:
Stay updated on the latest news, injuries, and developments in the world of stock car racing. This information can provide valuable insights into the potential outcomes of races.
- Practice Patience:
Stock car racing betting, like any form of sports betting, requires patience. You won’t win every bet, and it’s essential to stay level-headed and avoid chasing losses.
The takeaways
You now understand how to place bets, what it takes to bet on stock car racing on Gambulls.com, and some practical guidance on how to balance your chances of winning and losing. Go ahead and make your bets using Gambulls.com!
The best thing about Gambulls is that you can use cryptocurrencies instead of US dollars to fund your betting accounts. You can keep your privacy while taking part in exciting activities with cryptocurrencies.
Make a cryptocurrency wallet, deposit it with money from a trustworthy exchange, sign in, and play! Remember to be cautious and bet responsibly.
