How to Bet on the Daytona 500: Daytona 500 Odds & NASCAR Betting Lines

(Ad) In this article, FortuneCity brings you the best Daytona 500 odds and a guide on how to place your bets. Visit FortuneCity on YouTube and Twitch for the latest online betting streams. 

The Daytona 500 is one of the most prestigious races in the NASCAR season calendar. This February, top stock car racing stars will be going at it for the largest purse available in the sport.

Last year’s All-Star Race winner, Ryan Blaney, leads the way with betting odds of +1000. But there are plenty of other excellent drivers ready to compete with the Team Penske representative, eager to have an impact on the famous race.

In this article, we’ll get the experts’ opinions on what online sportsbook to use to make your Daytona 500 bets, along with some tips and analysis. 

Strap in and rev up, folks, and let’s get into it.

Daytona 500 Odds

Important: The Daytona 500 odds change by the minute, so they might slightly differ at the time you are reading the article.

How to Bet on the Daytona 500

Here’s a quick guide to registering at a bookmaker and betting on the Daytona 500.

Step 1: Register at Bovada

Step 2: Validate your phone number

• Check your phone messages for a four-digit code from Bovada.
• Use the code to verify your number. (This makes you eligible to claim a bonus.)
• You’ll be automatically logged into your account.

Step 3: Deposit and bet on Daytona 500

• Open the cashier section from the top-right corner once logged in.
• Select a payment method.
• Navigate to the “Motorsports” section and find the Daytona 500  betting markets.
• Place a bet!

Daytona 500 Event Information: Date, Time, Where to Watch, and More

• When: Sunday, Feb. 19, at 2:30 p.m. ET.
• Where: Daytona Beach, at the Daytona International Speedway.
• Where to Watch: The Daytona 500 will be televised live on FOX.
• Odds:
• First Daytona 500 Event: Feb. 22, 1959. Lee Petty was the winner.

Daytona 500 Odds for Drivers to Win Outright

Ryan Blaney to Win Daytona 500 (+1000)

Blaney is yet to taste ultimate glory at Daytona 500, logging only two runner-up finishes at the Great American Race so far.

This year, he leads the line as one of the favorites to go all the way. It’s not difficult to see why, and he’s certainly an intriguing bet.

Chase Elliott to Win Daytona 500 (+1200)

Elliott has raced the Daytona 500 seven times but has yet to grab a checkered flag there. The law of averages dictates he should be about due, right?

Not to mention, he’s already a full-fledged NASCAR Cup Series championship winner. He’ll be itching to add this to his accolades as soon as he can.

Denny Hamlin to Win Daytona 500 (+1200)

Out of all active NASCAR drivers, Hamlin has the most Daytona 500 wins, with three under his belt.

Every year, he’s sure to be there or thereabouts when it comes to the opening Daytona lines. Does he have your backing this year?

Joey Logano to Win Daytona 500 (+1400)

Last year’s NASCAR Cup Series winner has at least managed one win outright at the Daytona International Speedway.

However, the average finish of 19th in his last three races here is a strong blemish on an otherwise intriguing résumé.

Kyle Busch to Win Daytona 500 (+1800)

Although Busch has never won a Daytona 500, his odds of winning this year are starting to drop in his favor.

You’ll want to lock in this bet sooner rather than later if you believe in the No. 8.

Last 10 Drivers to Win at Daytona International Speedway

• 2022 - Austin Cindric
• 2021 - Michael McDowell
• 2020 - Denny Hamlin
• 2019 - Denny Hamlin
• 2018 - Austin Dillon
• 2017 - Kurt Busch
• 2016 - Denny Hamlin
• 2015 - Joey Logano
• 2014 - Dale Earnhardt Jr.
• 2013 - Jimmie Johnson

Daytona 500 Winners Aren’t Typically NASCAR Cup Series Winners

In the past decade, the only driver to win both the Daytona 500 and the overall NASCAR Cup Series was Jimmie Johnson in 2013.

Denny Hamlin Leads Active Drivers with Three Daytona 500 Wins

The Daytona 500 may as well be a home race for the Tampa Bay native, who’s racked up three wins here so far and is looking like good value for another.

Is Class Permanent and Form Temporary for Joey Logano?

Despite having won the race in 2015, in his last three outings at Daytona International Speedway, Logano is averaging a finish of 19th place. Is he stuck in a rut or ready to make a champion’s comeback?

Everything You Need to Know About Daytona 500

What is the Daytona 500?

The Daytona 500 is the biggest race of the NASCAR Cup Series. It’s also the first race on the calendar.

Who’s won the Daytona 500 the most?

Richard Petty holds the record for wins at Daytona International Speedway, with seven in his career.

Which team has had the most Daytona 500 winners?

Petty Enterprises holds the record number of Daytona 500 winners, with nine of its drivers winning the event.

Do you get more points for winning the Daytona 500?

No, despite the Daytona 500 possessing a bigger purse than other races on the calendar, the points distributed are the same.

What is the Great American Race?

The Great American Race is a nickname for both the Daytona 500 and the Indianapolis 500.

Why is the Daytona 500 considered the biggest race in the NASCAR Cup Series championship?

The Daytona 500 is considered the biggest race mostly because it holds the biggest purse, so it is the most lucrative competition for drivers.

It’s also prestigious because of its history in the sport of stock car racing.

What is the Daytona 500 purse?

The purse for the Daytona 500 was last revealed in 2020, when it was $23.6 million. We can make an educated guess that it may have increased since then, but we have no confirmation from NASCAR, which hasn’t revealed it in the past two years.

NASCAR Cup Series Championship Odds

Despite being the most lucrative race of the year, the Daytona 500 makes up a small portion of the NASCAR season.

Below are the favorites to reign triumphant over the entire NASCAR Cup Series. If you’ve got a hunch, you might want to lock in your bets early alongside those for the Daytona race.

Chase Elliott +500

Elliott is one of the most dominant drivers in NASCAR racing, and he’s as good a bet as anybody to win it all this year.

He finished fourth last year, and consistency seems to be his biggest problem. But he’s never far away from glory and is a worthy favorite for 2023.

Kyle Larson +600

The former 2021 champion managed only a disappointing seventh place in last year’s final standings, and he’ll be out to rectify that this year.

His dominant 10-win 2021 championship seems a long time ago now, but it’s not too late for the California native to recapture his form.

Denny Hamlin +800

Last year ended Hamlin’s three-year streak of reaching the final championship four.

However, he remains a potent threat in the next-gen era. Although we wouldn’t take him at odds as short as these, he’s got the pedigree to go all the way.

Ryan Blaney +1200

Blaney seems like a driver who’s on the right trajectory. Despite not winning at all last season, he put together an incredible run of four top-five finishes in the final seven races of the year.

He looks primed to attack this season and continues to show everyone why he’s a force to be reckoned with on the tarmac.

Joey Logano +1200

Last year’s winner remains an easy driver to back for 2023. He’s a seasoned veteran, and there’s no reason he can’t repeat.

Daytona 500 Betting Tips and Insights

Daytona 500 History is Repeating Itself

This is the second year in a row that Chase Elliott, Denny Hamlin, and Ryan Blaney make up the top three in the betting.

That indicates that with the lack of momentum, the bookmakers are basing their odds to win off history rather than any notable edge.

Is Daytona Success a Bad Omen?

We’ve already covered the fact that just one solitary driver from the past decade has won both the Daytona 500 and the NASCAR Cup Series overall. (Jimmie Johnson in 2013, for the slackers at the back.)

But it goes deeper than that. In the past three years, of the 12 drivers to make the championship race, only five of them finished in the top 10 at Daytona.

Oh, and the three drivers who finished behind Johnson in 2013? All of them were outside the top 30 in Daytona.

It Might Be Worth Taking a Daytona 500 Dark Horse

Considering the above, it might be worth taking a shot at a dark horse. What? You want us to name some? Fine, if we have to do all the work.

Ty Gibbs +2000

The fresh-faced 19-year-old will be driving a car that is more than capable of going the distance, courtesy of his grandaddy Joe Gibbs and Toyota.

The tragic death of his father, Coy, may also be a motivating factor for the prodigy. There would be few better ways to pay tribute to the late former NASCAR rookie of the year than a win at the Great American Race.

Harrison Burton +6600

One of Burton’s best performances in his 2022 rookie campaign was at the Daytona 500. He led the race for three laps before exiting via a multi-car wreck.

Back again this year for the Wood Brothers organization, he’ll be raring to prove that three-lap performance wasn’t an anomaly.

At these odds, we’ll take a shot with him.

NASCAR Betting Sites with the Best Daytona 500 Odds

1. Bovada: Best Site to Bet On Daytona 500 Overall

Pros:

• Potential $750 welcome bonus
• Live NASCAR race odds
• Top NASCAR bonuses and promos
• Intuitive Bet Builder

Cons:

• Late lines for certain sports

Bonuses:

• $250 sports welcome bonus
• $750 sports Bitcoin welcome bonus

2. BetOnline: Best Daytona 500 Betting Site for Bonuses

Pros:

• Cutting-edge design
• 25+ years in the online gambling industry
• Excellent NASCAR odds 
• Tons of promotions

Cons:

Bonuses:

• 50% sports welcome bonus
• 100% first-time crypto bonus

3. Sportsbetting.AG: Top Daytona 500 Betting Site for Crypto Bettors

Pros:

• Top selection of crypto bonuses
• Competitive futures odds for all NASCAR races
• Generous sports betting contests

Cons:

Bonuses:

• 50% welcome deposit worth up to $1,000

4. Everygame: Best for Live Daytona 500 Betting

Pros:

• Operating since 1996
• High-quality mobile site
• Excellent variety of prop bets across all sports
• Great live betting interface

Cons:

• Banking tools could be more diverse

Bonuses:

5. MyBookie: Extensive Selection of Daytona 500 Props

Pros:

• Low wagering requirements for bonuses
• Diverse selection of NASCAR bets
• Great for mobile bettors

Cons:

• Design needs freshening up aesthetically

Bonuses:

• 50% sports welcome bonus
• 10% cash bonus up to $200

Why is Bovada the Best Site for Daytona 500 Betting?

Bovada has been one of the internet’s premier sportsbooks for a while now and has slowly been building its stellar reputation for just over a decade. Besides being a top-tier NASCAR betting site, Bovada is also one of the best online casinos—offering an all-around online gambling experience.

Here are a few of the stand-out reasons we think Bovada is best for your Daytona 500 wagers.

Reputation:

At this point, Bovada’s reputation speaks for itself. But we’ll try to do it some justice. In just over a decade, it’s become known as one of the best places online to make sports bets because of its feature-rich platform and expansive sports markets from all over the world.

Bonuses:

Bonuses are a dime a dozen in the digital age of betting. But nowhere quite as well as Bovada. It caters to users of traditional and cryptocurrency and to fans of different sports.

Security:

The only thing you should be gambling with on an online betting platform is your initial stake. That’s why Bovada ensures it is up to date with the latest and most secure encryption technology, keeping your sensitive and private data away from prying eyes.

Why Should I Bet on the Daytona 500 Online?

It’s the first race of the NASCAR season but arguably the biggest, at least in terms of the purse size. All the drivers are fresh to the grid without last season’s old narratives weighing them down, and they’ve all got a chance to shine.

That means you’ve got just as good a chance as anyone else to identify a winner and get an edge. There will be surprises when the engines begin to rev on Feb. 19. Or maybe, in your case, there won’t be—and you’ll be able to benefit.

Best Bonuses to Claim & Bet on Daytona 500 on Feb. 19, 2023

$250 Sports Bonus: New NASCAR bettors get a welcome bonus worth 50% up to $250. Simply make a deposit via traditional currencies to qualify.

$750 Sports Bonus Crypto: Crypto users can get 75% of their deposit matched up to $750. Use the bonus code BTCSWB750 to activate the promotion.

50% Sports Welcome Bonus: Use the promotional code BOL1000 while depositing to activate this 50% bonus of up to $1,000. To qualify, you must deposit at least $55.

100% Crypto Bonus: This bonus is for crypto users only. Use the code CRYPTO100 while making a deposit to activate a 100% bonus worth up to $1,000. This is also an online casino bonus, but the wagering requirements are higher if you use it to play casino games.

50% Sports Welcome Bonus: Input the promotional card SB1000 to get a 50% deposit match worth up to $1,000 on your initial deposit.

100% First-Time Crypto Bonus: Crypto users are eligible to use the promo code 100CRYPTO when making a deposit to activate a 100% bonus.

25% Sports Reload Bonus: The promo code FORLIFE activates the sports reload bonus. You can get an extra 25% on each deposit when used. This code can be used for an unlimited number of times, subject to terms and conditions.

$750 Sign-Up Bonus: Opening a new account? Use the promo code 3XBOOST250 for a $250 bonus deposit. This is usable for up to three deposits. Wagering requirements are set at 4 times.

$1,000 Sign-Up Bonus: Use the promo code MYB50 to activate the main sign-up bonus. It comes with 10-times wagering requirements and is worth up to $1,000. This is the bonus most NASCAR bettors would opt for and is representative of the industry as a whole.

$200 First-Deposit Bonus: This is an alternative bonus/promotion. Using the code 200CASH, you can get up to $200 in bonus funds, but with extremely low wagering requirements of only 1 times. That means you only need to bet with the funds once before they become withdrawable.

25% Sports Reload: Use the promo code MYB25 for a 25% reload bonus. This is available on each new deposit you make for the sportsbook and, therefore, can be used an unlimited number of times on NASCAR races throughout the year.

You might also be interested in:

Guide to Daytona 500 Betting

Is it safe to bet on the Daytona 500?

Thousands of people bet on the Daytona 500 every year. Why not join in the fun? That being said, we can recommend only the sportsbooks that are showcased in this article—we can’t give our guarantee for any others. Make sure to always do your own research.

Can you bet on NASCAR online?

Yes, absolutely. Many Americans bet on NASCAR every season, including the Daytona 500, and on the Indy 500 and many more races.

How do I place a bet on NASCAR?

We’ve included a guide in this article on how to make a bet on NASCAR. It’s a simple process that takes minutes, requiring you to input some details and verify your phone number before depositing.

Ready to Make Your Bets on the Daytona 500?

By now, we hope you’re ready and raring to go with your Daytona 500 wagers. 

Will you be backing the Florida native Denny Hamlin to add to his impressive win count at Daytona Beach, or are you leaning toward Joey Logano to steal the show?

Remember, we recommend Bovada for all your Daytona 500 and NASCAR betting needs. You can lock in your bets there with competitive odds and even explore other interesting markets.

Whomever you decide to back at the start of this NASCAR betting season, always remember our golden rules—shave fun, and gamble responsibly.

DISCLAIMER: Online gambling comes with risks. There’s no guarantee of financial gain, so you should only gamble with what you can afford to lose. All information on this site is for entertainment purposes only.

While gambling can be fun, it can also be addictive. If you or anyone you know suffers from a gambling addiction problem, we recommend that you call the National Gambling Helpline at 1-800-522-4700 to speak with an adviser. Please remember that our guides and all gambling sites are only for people who are 18+. Also, check with local laws to find out if online gambling is legal in your area.