The truth of the matter is that Vegas pretty much sets all of the sports betting odds for the entire world. All of the world's leading experts work for the big casino companies in Las Vegas, and all of them work together to set the odds for different sports. Betting a horse 'across the board' is really three separate bets: one to win, one to place and one to show. Hitting an 'exacta' entails picking the first two finishers in a race in the correct order; a 'quinella' is the first two finishers in either order. A 'trifecta' is the first three finishers in. Watching the UFC, the odds format they talk is American Odds or Vegas Odds. Essentially what they are is the percentage of one outcome against another. You can use our UFC Odds Calculator to work out percentages yourself. We have a live odds tool on our site that you'll notice on lots of our pages.
Understanding betting odds is key to enjoying the experience of betting online and essential to learn before you start placing a bet online. We'll go through the various kinds of gambling odds new players might see as they flick through the various online providers, detailing how to understand betting odds, the pillars of how sports betting.
2021 NASCAR Instacart 500 Odds
- Date: Sunday, March 14, 2021
- Venue: Phoenix Raceway
- Location: Avondale, Arizona
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2021 NASCAR Cup Series - Championship
- Date: Sunday, March 14, 2021
- Venue: Phoenix Raceway
- Location: Avondale, Arizona
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2021 NASCAR Cup Series - Championship
- Date: Sunday, November 7, 2021
- Venue: Phoenix Speedway
- Location: Phoenix, Arizona
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Updated Mon, Mar. 8, 11:30 AM ET - Odds Provided by DraftKings - Subject to Change
- Where to Bet:
How To Bet Auto Racing Futures
The 'Odds to Win' wager in auto racing is very simple to understand. Put simply, you just need to select the driver that will capture the checkered flag of the race You select any of the drivers in the race and your payout for the bet will depend on the odds given at the time of the wager. This wager can be placed until the race begins.
To figure out your Win Amount, take the odds and multiply by the amount wagered. Ex. Jimmie Johnson (5/2) - Jimmie Johnson is listed as a 5/2 betting choice. If you wager $100 on Johnson to win the event and he comes in first, then you would win $250 (5 ÷ 2 x 100). You would collect $350, which includes your win and stake ($100).
What does the FIELD mean? Many races will include a betting selection called the Field. This bet consists of all drivers not listed in the 'Odds to Win.' Most races have a set number of drivers but it's rare to see oddsmakers put a price on every driver that will race. Drivers that are given the least opportunity to win the race will be grouped into the 'Field' odds and paid out accordingly if they win.
Pennzoil 400 Odds to Win
On Sunday, Mar. 14 2021, the 2021 NASCAR season will head to Phoenix Raceway for the Instacart 500, which takes place from Avondale, Arizona. There are plenty of contenders expected to be in the hunt for the fifth points race of the 2021 season.
- Chase Elliott +500
- Denny Hamlin +600
- Kevin Harvick +600
- Brad Keselowski +700
- Kyle Busch +800
- Joey Logano +800
Betting on NASCAR Odds
Where can I bet on NASCAR?
There are several legal sportsbook options in the United States. Visit our sportsbook directory to find online sportsbooks where you can bet on NASCAR races.
Who are the experts picking to win?
Our experts offer picks on all the big auto racing events. Check out our preview content or pick packages for the most up to date NASCAR predictions.
What type of bets can I make on NASCAR races?
The future odds show each racer's odds to win an event outright. Certain sportsbook may also offer other betting angles, such as Top 3 Finish, Top 5 Finish, and Car Number Over/Under.
Where can I learn how to bet on auto racing?
Betting Odds Explanation
To learn more about betting on NASCAR and other auto races, check out our auto racing betting tutorial.
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Understanding Las Vegas Odds
How To Understand Betting Odds
