NASCAR is the most-watched car racing event in North America. The races are exciting and offer plenty of betting opportunities. Thus, we have a guide for people new to live betting on NASCAR.
Live betting on NASCAR is wagering on the race anytime after it starts. Once it starts, the sportsbook software takes the pre-race lines off their board. Then, they switch over to live betting odds.
When the race starts, the odds change because bookies adjust the lines based on what’s happening in the race. Also, sportsbooks add more juice on live betting lines.
For instance, if Kyle Busch was the favorite with +300 before the start of the race, the odds will become shorter at +250 if he leads the race through 15 laps. On the other hand, the opposite will happen if he drops to the 20th from pole position after 40 laps. That’s because he’s less likely to win it.
Benefits of Live Betting on NASCAR during Races
The most apparent reason you should try live betting on NASCAR is that you already saw some part of the race before placing your bet. It allows you to see what’s taking place before making a decision.
Live betting during races also allows you to diversify your wagers. According to Bwager, most NASCAR players place a couple of bets before the race and then wager more after the start.
Diversifying your wagers can mitigate your risk. For instance, you wagered on a driver in a head-to-head matchup before the race. Then, he performs well for 20 laps. Finally, you can wager more on drivers you might think can win the race outright while the race is ongoing.
According to gambling industry experts, it counts as diversification because you have money on alternative results if your pre-race driver begins to falter at the tail-end of the race. Thus, you gain an opportunity to earn a profit despite the fate of the pre-race driver.