CBS Sports guide details motor sports betting strategies, odds, and markets
A CBS Sports guide outlines how sportsbooks operate for motor sports betting, covering NASCAR, Formula 1, and IndyCar. The article explains that odds are displayed similarly to other sports, using examples such as a driver priced at -150 to win the Monaco Grand Prix. It lists various betting markets including outright winner, placement/top finish, dual forecast, each way betting, stage winner, matchups, group winner, top car make driver, team of race winner, and qualifying bets. The guide notes that futures betting is available for season-long championships in F1, NASCAR, and IndyCar, with the Indianapolis 500 highlighted as the premier IndyCar event. It mentions that several sportsbooks offer promotions for new users, including DraftKings, FanDuel, bet365, BetMGM, Fanatics, and Caesars Sportsbook. The article also notes that live odds are available during races, more prominently for NASCAR and IndyCar than for F1. It advises that while driver form matters, the biggest predictor of success is how each team adjusts to conditions.
What’s reported
DraftKings rewards new users with $200 in bonus bets if a $5 first wager wins.
FanDuel returns $150 in bonus bets on a winning first bet of $5.
bet365 gives $200 in bonus bets after a $10 wager regardless of outcome.
BetMGM covers a first bet up to $1,500 with bonus bets if that first bet loses.
Fanatics offers a choice between a 10-day bet match up to $100 per day in FanCash or a 100% Profit Boost Token each day for five days.
Caesars Sportsbook offers to double winnings on the next 10 bets with a first bet of $1+ at minimum -10,000 odds.
The Indianapolis 500 is the biggest IndyCar event, held on Memorial Day weekend.
NASCAR Crown Jewel events include the Daytona 500, Coca-Cola 600, and Brickyard 400.
F1 marquee events include Monaco, British Grand Prix, Italian Grand Prix, Singapore Grand Prix, and Abu Dhabi Grand Prix.
Types of bets include outright, placement, dual forecast, each way, stage winner, matchups, group winner, top car make driver, team of race winner, and qualifying bets.
Parlays are possible but not advised because odds do not correspond to actual chance.
Live odds are available, more prominently for NASCAR and IndyCar than for F1.
Driver form matters, but the biggest predictor of success is how each team adjusts to conditions.
Sources: CBS Sports
