Daytona 500 betting in 2020 – How to bet on the Daytona 500

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Daytona 500 betting - how to bet on the Daytona 500
Daytona 500 betting – How to bet on the Daytona 500

The Daytona 500 will be taking place this weekend, so read our guide to Daytona 500 betting. Now, you will need to make sure to do your research on everything you need to know about placing Daytona bets. So, this guide will be extremely helpful when you are looking to put your money down on this fun sporting event!

Daytona 500 Picks for Winner

Now, if you are going to be engaging in Daytona 500 betting, you will need to do some extra reading. You should make sure to be aware of all of the Daytona 500 favorites to win the race. So, you should check out the following table with the moneyline odds and drivers from the FanDuel sportsbook:

Daytona 500 Favorites from the FanDuel Sportsbook
DriverFanDuel Odds
Kyle Busch+410
Denny Hamlin+500
Chase Elliott+1100
Kevin Harvick+470
Brad Keselowski+850
Kyle Larson+1100
Martin Truex Jr.+470
Joey Logano+850
Ryan Blaney+1600

Bet on the Daytona 500 with Fanduel

The odds listed are listed in the format of Moneyline odds which are also known as American odds. As you can see, there is no far and away favorite based on the Daytona 500 odds. But, there are a few Daytona 500 favorites that you should keep a closer eye on. And, we will be looking into those favorites and more in this guide to Daytona betting.

Daytona 500 Favorites

Now, we said before that there do not appear to be any clear Daytona 500 favorites to win it all. But, there are a few drivers who do stick out when you look at the Daytona 500 odds. Now, when it comes to moneyline odds and American odds, positive numbers are not good signs.

So, a negative number in moneyline odds indicates a more favorable chance of winning than a positive number. As you can see, there are no negative odds listed for any of the drivers above. However, you can look at the lowest positive odds to see the favorite drivers to win.

The Daytons 500 odds demonstrate that Kyle Busch is the driver who has the best odds of winning everything with odds of +410. But, there are two drivers who are tied with odds of +470. These two drivers are Kevin Harvick and Martin Truex Jr. Plus, Denny Hamlin is not far behind with odds of +500 on the Daytona 500.

Daytona 500 Betting Types

If you are going to make your Daytona 500 picks, you will need to know about the betting types. There are many types of bets that you can use to bet on the Daytona 500. However, all of these types of bets will require you to read the odds and do your research.

When choosing your Daytona 500 picks, you will want to make sure you completely understand what you are wagering. So, make sure you understand not only how to read odds, but how to calculate profits. And, you can choose the type of bet that makes you the most excited.

Picking the Winner

Picking the winner is the most common type of bet you will find when you are Daytona 500 betting. Like in most sports, an outright win bet is an easy bet to learn how to place and how to prepare for. You will be placing your bet and your money on the driver who you believe will win the Daytona 500.

Place Bets

When looking to bet on the Daytona 500, place bets can be a good type of bet to look into. You will be making your Daytona 500 picks in very much the same way as usual. But, you will be choosing a driver you believe will place in the top three of the race. So, you will not need to choose who you believe will win the race.

Head to Head Bets

Head to head bets can also be known as two-way bets. This concept refers to the backing, or laying, one of two possible outcomes on the outright bet market. So, you will need to make sure you do a lot of research before you place any head to head bets on the Daytona 500.

Prop Bets

A really fun bet you can place when you go to bet on the Daytona 500 is a prop bet. A prop bet can also be known as a proposition bet. A prop bet is a bet placed on the likelihood an event will happen during the game/sporting event. But, the event cannot have an impact on the final outcome of the game/sporting event.

Read our guide on how to bet on sports for more information.

How to Bet on the Daytona 500 Online

Now that you have learned so much about Daytona 500 betting, you will be eager to start placing your bets. And, that means you will need to learn how to place your Daytona 500 bets online. So, we will look into how you should go about placing these bets on this exciting race.

First thing first when it comes to Daytona 500 betting, you will need to look into the online sportsbooks available. And, you will need to see which of these online sportsbooks allow you to place bets on the Daytona 500. Plus, you should give special interest to any online sportsbook that offers a promotion for Daytona 500 betting.

Once you have chosen which online sportsbooks to sign up for, you will need to start that process. You will be asked to enter in some personal information to the website. And, you will need to choose a password and sometimes a login name. Once you have entered in all of this information, your account should be verified.

Once your account is verified, you should deposit money into your account. After the deposit has cleared, you will be able to place your bets. 

Daytona 500 Betting Last Looks

So, you have learned all you need to know about Daytona 500 betting. You should be able to understand the odds and choose the type of bet you want. And, you should be excited to see if that bet pays off come this weekend!

Read more about NASCAR

Daytona 500 predictions to win the 2020 Daytona 500

NASCAR odds: Daytona 500 odds and betting guide

NASCAR Cup Series odds for the 2020 NASCAR championship

How to bet on the Daytona 500

How to watch and stream the Daytona 500 live

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