Are you thinking about getting into NASCAR betting in Maryland? Want to be pointed in the right direction? This page has all the information that you need. Here, we are going to be discussing the best sites for NASCAR betting in MD.
How to bet on NASCAR in Maryland
We are going to talk about the types of betting markets and even how you can read betting odds. There is a lot to cover, so what do you say? Should we just jump right in?
There’s a lot that you need to know about NASCAR betting in Maryland. However, we are fairly confident that you now have the tools to get started. Go and check out a few different websites. Have a gamble. Who knows…you may win a bet on the next race!
Choosing where to do NASCAR betting in Maryland
We are going to kick off this NASCAR betting guide by highlighting the five best motorsports sportsbooks in Maryland for NASCAR betting. These sites have all been vetted by us, so you know that they are going to be great places to get started. We actually recommend that you sign up for a couple of these sites. This way, you will always be able to enjoy some of the best odds in Maryland.
BetMGM doesn’t overwhelm people with a huge number of betting markets for NASCAR. Their bets are simple, which makes them ideal for new gamblers.
If you are going to be regularly gambling on NASCAR races, then Pointsbet could be worth checking out. They love giving back to regular gamblers, which means that punters can enjoy even more bonuses and a huge number of sports to bet on.
While all of the sites on this list offer a good mobile betting experience, Fanduel offers the best. Their mobile app is smooth. Couple this with good odds, and you are onto a winner.
Draftkings tend to have some of the better odds on NASCAR betting in Maryland. On occasion, they will run enhanced odds where the potential returns get even bigger.
Barstool Sportsbook always offers tremendous odds on events being run, particularly during live events. They also do well on the prop bet front.
Understanding NASCAR betting odds
There are two things that we want to highlight about NASCAR betting odds. While there is a little bit more to understand than this, we are trying to help beginner punters here.
How betting odds are calculated
Betting odds tend to give a rough idea of who could potentially win a race. The shorter the odds (i.e., the less you win if the bet comes through), the more chance a person has of winning. This doesn’t quite tell the full story, though.
Because Maryland sportsbooks are businesses, they are not huge fans of losing cash. This means that they have to tinker with the odds as bets come in to ensure that no matter what happens, the sportsbook wins.
Unfortunately, this means that you may find that the odds do not necessarily show the person with the highest chance of winning. This is why it is important to carry out your own research.
How to read betting odds
In order to gamble, you are going to need to learn how to read betting odds. Thankfully, this isn’t too difficult. We assume that the site that you are using will be using the American odds system. This means that the number displayed will have a + or – in front. That + or – will give you all the information that you need to know.
- If the number is preceded with a + e.g., +300, then this is the underdog. If you bet $100, then you would receive the figure after the +.
- If the number has a – before it, then this is the favorite. This is the amount you would have to gamble to get $100 back.
We won’t go into the complexities of how to determine probabilities or the return you get here. Most decent Maryland sports betting platforms will give you the expected payout on the bet slip when you add the betting line anyway. This will tell you roughly what the best odds are.
Understanding markets for NASCAR betting in MD
So, what is a NASCAR betting market? Well, it is an ‘event’ that you can bet on, like the Dayotona 500 or Formula 1. For example, the winner of the race will be a betting market. Betting on whoever runs the fastest lap would also be a betting market.
In this section, we want to run you through some of the betting markets that you are likely to encounter when you are doing a spot of NASCAR betting. We cannot stress enough that these will be only a few of the betting markets that you will encounter.
It seems that each and every site tries to come up with its own markets to stand out from the crowd. We also want to give you a rough idea of who each bet type is for, as well as the sort of information you will need to know before you start diving into that market. As we said, this is a complete NASCAR betting guide. We won’t be cutting corners!
Winner or pole position (New bettors)
New gamblers will probably want to start with choosing the winner of a race, or perhaps who is most likely to take pole position. It is probably the simplest bet to make as a lot of us will have a rough idea of who is a good driver and who leaves a little bit to be desired.
You only need access to basic NASCAR information here. Being able to read past race history will go a long way. We suggest that you look into the last 5-10 races to see who is doing the best.
Place bets (New gamblers)
With Place NASCAR markets, you aren’t betting on the winner of a race. You are betting on a particular driver falling within the top 3 to 5 drivers. Basically, they will have a ‘place’ on the podium (or metaphorical podium if the place bet extends beyond the first 3 drivers)
These bets often carry a lot less risk. This makes them ideal for new gamblers. However, you will need to bear in mind that lower risk means that they will not pay out quite so well.
Fastest lap (Intermediate punters)
The fastest lap is a race market where you gamble on who will be driving the fastest lap. Remember, this does not necessarily have to be the winner of the race. In some cases, the driver may not even finish the race.
The reason why we are making this type of bet for intermediate gamblers is that you will have to dive into lap time histories. You may also want to look at the conditions the lap time was achieved in, the vehicle that the driver was in, etc. It is a lot harder to choose the winner of the fastest lap market than a winner.
Head to head (New gamblers)
For head to head betting markets, sometimes known as NASCAR matchup betting, you are going to be focusing on just a few racers in the race. The market will be between 2 and 4 drivers. Although, we have seen some betting markets that go a little bit beyond this.
With this betting market, you will be betting on who will win out of that small group of drivers. This type of bet is often a bit easier to research as you have less information to browse through.
Prop Bets (Experienced punters)
Prop bets are for those that know a lot about NASCAR betting. You will have to look through a ton of information and, even then, these bets can carry a huge amount of risk.
Prop bets are essentially side bets. It is anything that doesn’t involve betting on what the outcome of a race may be. For example, prop bets focus on the number of crashes, the number of cautions, the number of drivers that retire from the race, etc.
These bets are tough to win because a lot of prop bets won’t have enough information available, or that information isn’t really going to be that useful. For example, the number of cautions in one race probably won’t correlate to the number of caution laps in the next race.
Live Betting (Experienced gamblers)
Live betting isn’t a market as such. It is really just you betting while the drivers are hurtling around the track. These bets can cover many of the markets that we listed before. The reason why we are listing this as being for experienced gamblers is that you need to have a solid idea of how to read a race.
Parlay Bets (Experienced bettors)
Parlay bets are, again, not a specific bet market. Instead, they are bets formed of multiple betting lines. You will need each of your NASCAR betting lines to come through if you want to win the bet. The rewards are huge, but the risk is equally big.
Top tips for successful NASCAR betting in Maryland
While we could talk for an age about all the different ways that you can be successful with NASCAR betting, we just have two tips that we want to share with you here. If you ingrain these into your mind, then we promise that betting on NASCAR in Maryland is going to be so dreadfully simple for you. You can build all of your other betting strategies upon these two tips.
Use multiple sportsbooks
The most successful punters will always use multiple sportsbooks. Earlier, we told you that it is impossible for a sportsbook to always have the best odds. Therefore, by being a member of 2 or 3 different sites, you will always be able to find a site that has good odds for you.
Do your research
If you enjoy losing money on sports betting, then bet blindly. If you actually want to make NASCAR betting in Maryland work for you, then make sure that you think about each and every one of those NASCAR betting lines that you choose.
As you start to get seriously into NASCAR betting, you will likely be spending a lot of time poring over stats. However, at the start, you can just check race histories, lap times, etc.
FAQ’s About Nascar Betting in Maryland
Do all sportsbooks in Maryland offer NASCAR betting?
Most sportsbooks will offer NASCAR betting in Maryland. However, you will still want to ensure that you carry out your research to know that you are gambling somewhere decent.
Is it worth live betting on NASCAR races?
NASCAR live betting often has shorter odds, particularly near the end of the race. Live betting is probably going to be best for those more experienced in the world of NASCAR. It means that they can make more informed bets based on how the race is currently running.
Can you legally bet on NASCAR in Maryland?
If the site is legally allowed to operate in Maryland and you are located in Maryland, then, yes, you can legally bet on NASCAR.
How much money should you bet on a NASCAR race?
You should only ever bet what you can afford to lose. When you are betting, even if the bet seems like the safest possible bet in the world, stake your cash with the idea that you will lose it. This way you never end up spending cash you need for bills, etc.
Where can you find past NASCAR race information for betting?
You can find all of the information that you need on the official NASCAR website. Make sure that you go through past race information if you are planning on betting. It is the best way to ensure that you are successful.