Betting on auto racing is similar to betting on golf. The most basic wager involves picking the winner of a race.

Typically a sportsbook will list 20 or more individual drivers along with a field (all others) option, at various odds.

For example, Kyle Larson may be listed at 4-1, Denny Hamlin at 15-1, Brad Keselowski at 100-1, etc.

If the bettor wagers $10 on Hamlin 15-1 and he wins the race, the bettor wins $150 plus his $10 stake, for a total payoff of $160.

Auto racing match-ups may also be available. Here two drivers are paired against each other in a head-to-head wager, with a betting line on each driver set by the oddsmaker.

The driver with the better finish wins the match-up. (Both drivers must start for action.)

For example, a matchup may pit Chase Elliott (minus 145) against Ryan Blaney (plus 125). If the bettor wagers $145 on the favored Elliott, the payoff would be $100 plus his $145 stake, for a total of $245. If the bettor wagers $100 on the underdog Blaney, the payoff would be $125 plus his $100 back, for a total of $225.

Some sportsbooks also post unusual auto racing propositions such as the over/under on the number of cautions in a race, or which car manufacturer (Chevrolet, Ford or Toyota) will win the race.

Sportsbooks also offer bettors the opportunity to wager on the outcome of a season - for example, which team will win the Formula One or the NASCAR Cup Series. These are known as "futures".

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