Popular Types of Nascar Bets You Can Place On Miami Speedway
There’s more than one way to bet on NASCAR Miami Homestead odds, or heck, any NASCAR event for that matter.
Let’s cover the most common methods you’ll find at sportsbooks:
Out of all the Vegas odds NASCAR Miami you’ll find, the race winner is the most bet-on, without question. As you’d expect, it’s a wager on the one driver who’ll cross the finish line in first. Remember the NASCAR betting odds Miami from earlier on in this guide? Welp, that was on the race winner.
Typically, you’ll always get plus-money odds on this bet type — no matter which racer you select. That’s because it’s difficult to handpick a single winner in a 40-or-so-person field. But hey, the payoff is well worth it if it indeed hits. And thanks to the longshot odds all around (even for favorites), it doesn’t take much money to score a huge return on this bet type. We will update our Nascar Betting Page with the latest Race Winner Odds for Nascar Miami Homestead when they are available.
Ah, yes, driver matchups (sometimes also called head-to-head) is a NASCAR specialty. With this bet type, you’re solely betting on the outcome amongst two drivers — the rest of the field be damned. The outcome is based on which of the two racers will finish ahead of the other, that’s it.
These matchup pairings are selected ahead of time by bookies. Many times, bookmakers lean on existing rivalries or on-going storylines to make their matches.
A spin-off of the driver matchup bet is the group matchup. Here, an additional two drivers are added to the betting field and bettors must choose which of the four will finish tops amongst each other. Since there are more possible outcomes, you’ll get longer odds on group matchup wagers.
Props are essentially “side bets” on a NASCAR event. With props, a wide range of in-race outcomes become bettable beyond just which racer wins straight up or finishes ahead of another.
Examples of prop bets include which racer will have the fastest lap during the entirety of the race, who will lead the most laps, which car manufacturer will earn a podium spot, and so much more. To borrow a driving term, props “add a lot of mileage” to any NASCAR event from a betting perspective since it gives you something to look forward to besides just the final lap. Nascar Miami Homestead Prop Bets become available typically around a week before the event.
A speedy, anything-can-happen race like the Homestead-Miami really lends itself well to the first two props we mentioned. That’s because a driver who dominates throughout (e.g. the fastest lap time or most laps ahead) doesn’t always come out on top due to “high wear” (more on this phenomena later on).
Long-term bets beyond just who wins a single race are dubbed futures. The most popular futures wager is on who will win the NASCAR Cup Series at year’s end.
A futures bet such as that is available almost year-round. When you choose to bet on it — whether in the January preseason or perhaps mid-season — is up to you, but as you’d expect, the betting lines will constantly shift based on current happenings.
About Homestead-Miami Speedway
Located in Homestead, Florida, this speedway has been an annual stop in the NASCAR Cup Series since 1999. Matter of fact, between 2002 and 2019, it was the season finale — a race that all too often crowned the latest NASCAR Cup champion.
That all changed starting 2020, however. Since then, the speedway race has been a late February or early March fixture (though, 2020 had to be postponed due to the pandemic). The thought among NASCAR brass is the Homestead-Miami competition will be the direct follow-up to the Daytona 500 in February, thus allowing fans to hitch their trailers and experience both spectacles within a few week’s time.
As for the speedway itself, it’s a 1.5-mile oval. As the sponsored name suggests, the Dixie Vodka 400 entails 400.5 miles or 267 complete laps. The turns are 18-20 degrees of progressive banking, whereas the straightways feature three degrees of banking. The front- and back-stretch are an equal 1,760 feet in length.
Moreover, the Homestead-Miami is very much a “high wear” racetrack. Therefore, pay close attention to tire management whilst the event is ongoing. Underworn and worn-out ties alike contribute to a leaderboard that’s constantly in flux to the bitter end.
The high wear track, plus how early the event takes place in the season, creates all sorts of randomness at the Homestead-Miami. That’s why we suggest exercising caution when betting. There are simply too many unknowns here to warrant big-money bets. Think of the Homestead-Miami as a “feel out” race in that regard.
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FOX is the official home of NASCAR — both this race and all others. You can follow the action live by turning to the FOX channel on your television. For streaming, there's the FOX Sports app, as well.
The South Florida festivities take place the weekend of February 27 and 28. The action kicks off that Saturday with the NASCAR Xfinity Series race. Then on Sunday the 28th, the more-known Dixie Vodka 400 goes off at 3:30 pm EST.
In the race's two-plus-decade history, several drivers have won the Homestead-Miami on more than one occasion. Three-time winners include Greg Biffle (2004, 2005, 2006), Tony Stewart (1999, 2000, 2011), and Denny Hamlin (2009, 2013, 2020). There's also been a pair of two-time victors — Carl Edwards (2008, 2010) and Kyle Busch (2015, 2019).
For the most part, yes, betting on NASCAR — whether this race or another — is completely legal. The safest way to gamble on it is through an offshore betting site (like the list we mentioned before). Since these platforms operate in foreign countries where betting is fully legalized, you'll circumvent any local laws from your state or country. It's the perfect workaround no matter where you're gambling from.
Simply put, you need to know your stuff and then some. There's more than meets the eye to NASCAR besides just running lap after lap. Matter of fact, the sport is super strategic and it takes a true team (pit crew, managers) to win a race — not just a single racecar driver. Once you understand all these NASCAR intricacies, you'll be well-positioned to take advantage while betting on this event and others. So do your homework above everything else before putting any money down!
That's a tough question, which all depends on your betting needs. Are you looking for the best betting odds? Or perhaps the best site promotion to earn free money? Or maybe a sportsbook with more bets besides NASCAR? Prioritize your needs first and foremost. Once you have this down, compare and contrast bookies based on that criteria. The sportsbook list we included in the guide is a perfect starting point to begin this journey.