Legal Daytona 500 Betting Guide 2016 For USA Players
Legally betting on the Daytona 500 is easily achievable if you are familiar with the applicable gambling laws for your region and have access to legitimately licensed and certified betting destinations. We all know that the gambling landscape in the US can be a bit tricky to navigate. Not only has US based gambling expansion been taking place, but existing laws have been re-interpreted and new laws have emerged, resulting in redefined and brand new gambling opportunities for US NASCAR fans.
This page is dedicated to providing you with information about the legality of betting the Daytona 500, and what legally sanctioned options are available to bettors in the United States. We discuss the specific US federal gambling laws that affect the industry for American bettors, as well as how, why and where there are legal Daytona 500 betting sites available to US players. We are not intent on convincing you that you should or should not bet on this NASCAR race, but rather we are intent on providing a comprehensive resource that empowers you to make an informed decision about the best course of action for you and your personal circumstances. Should you determine to proceed with this type of nascar betting entertainment, we want to make sure you have access to legitimate, certified and high quality destinations which are certified and regulated to provide their wagering services to US players.
Is it legal to bet on the Daytona 500 in the United States?
The answer to this question is anything but cut and dry or black and white. There are a number of 'if' circumstances that would impact the answer. Based on this, we've decided to break it down for you, piece by piece.
US Based Options for Betting on the Daytona 500 Race - The Legalities
If you are seeking state regulated opportunities for accessing Daytona 500 betting lines, then your options are very limited, but they do exist. There are two US federal gambling laws that impact the options available to US racing fans: the Federal Wire Act and the Professional and Amateur Sports Protection Act (PASPA). These two laws combine to make it illegal to operate or participate in US based online or offline sports betting, with a few exceptions. The obvious exception would be Las Vegas, in which you will find multiple brick and mortar sportsbooks that welcome US players. Along with Nevada, three other states received exemption from PASPA, including Oregon, Delaware and Montana. Delaware is the online one of these three offering much in the way of sports betting, and their range of options is limited to parlay wagers on just a few sports categories, such as the NFL. They typically do not include betting lines for NASCAR events or races such as the Daytona 500.
The Federal Wire Act completely eliminates any type of option for online sports betting that is based in the United States. It was determined within the last few years by the DOJ that the Federal Wire Act only applies to sports betting, and that it makes it illegal to transmit 'wired' wagers within the United States. Those online sportsbooks are legal for USA players because they are based outside of the US are not subject to the Federal Wire Act or the PASPA law.
Lastly we have the UIGEA bill, which stands for the Unlawful Internet Gambling Enforcement Act. Many people mistakenly believe that this law makes it illegal for Americans to participate in online gambling at all. This is definitely not the case. In fact, the UIGEA law does not address online gambling participants at all and is directed solely at gambling site operators and payment processors. The law essentially places regulatory restrictions on the operators and payment processors regarding how online gambling related transactions can be processed. It does not criminalize or make it illegal for gamblers in the United States to enjoy licensed and regulated online gambling opportunities.
Is it legal for US residents to bet on the Daytona 500 at offshore sportsbooks?
As long as you restrict your betting to those destinations which are legally licensed and certified, and subject to regulatory oversight by a legitimate governing body, then yes, it is legal for US residents to participate in betting on the Daytona 500 online. The US federal laws that we discussed deal solely with US based gambling regulations and businesses, and have no bearing on those betting sites that are regulated and located outside of the United States. If you are considering participating in an online gambling operation that is not licensed or regulated, this could put you at risk of breaking the law because most state and federal gambling laws in the United State specifically state that it is illegal to participate in any type of gambling that is not delivered by a business that is licensed and regulated. Not only may it be illegal, but it is not safe either. The next section will explain how to select a safe and legitimate betting site at which to place your bets on the Daytona 500.
Recommending The Top U.S. Friendly Sportsbooks Offering Nascar Betting Odds For The Daytona 500
Recognizing and vetting a legally sanctioned online sportsbook yourself may be a bit of a daunting task to consider, but we've taken some of that dread out of the equation for you. We have a team of experienced industry analysts who are trained and highly skilled at determining the legitimacy of an online gambling site. Each of the sportsbooks you see listed on this page offer betting lines for the Daytona 500, and they have been verified to hold regulated licensing and compliance certifications that ensure fair gaming practices. They are also each regulated by a respected governing jurisdiction and gaming commission. As well as being legally sanctioned within the industry, these brands also offer the most competitive and highest quality betting services and accept USA residents as customers.
Best USA Sportsbook Offering Daytona 500 Betting
Bovada is one of the most reputable sites that cater exclusively to US players. Players mainly love betting here due to the trust factor of wagering with the most reputable sites. But it doesn't end there. Bovada gives players many reasons to play exclusively with their site including:
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- Casino, Poker and Mobile Betting Available
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About The Daytona 500 Race
2015's Daytona 500 will be the 57th annual running of the event, and it will take place in late February. When this race happens, it will kick off the new NASCAR season, and millions of people will watch the event. Not to overstate it, but the Daytona 500 is more or less the Super Bowl for NASCAR, and not only does it bring millions of viewers, over 100,000 live guests tailgating and attending the race, but there will also be billions of dollars exchanged through bet legally in the United States, be it Vegas casinos or offshore sites. Betting on the Daytona 500 is big business, and it's not just all about who wins and who wrecks.
How to Determine Which Daytona 500 Drivers are a Good Bet
Before we speak about surveying the drivers, let's go over the main types of betting as a summary. First and foremost, you can bet on straight driver odds. For instance, in this year's race, Dale Earnhardt, Jr. is leading the oddsmakers' predictions at +1000. To put it simply, this means betting $100 will win you $1000. This particular line might seem similar to the tennis line that actually pays out a decimal below the line, rather than over it. Why the difference? It's because the field is packed with different drivers. 43 drivers in total will start this race, so there are a lot of different odds to spread out. This means bookmakers aren't losing any money. Not everyone will bet on Dale.
Another popular bet in NASCAR is a prop bet, or a proposition bet. This is when you're betting on something rather than the strict outcome. For instance, you can bet on who leads the most laps. So, say Jimmie Johnson wins the pole, but you don't expect him to win the race. You can still bet that he'll lead the most laps. You can also wager props on caution flags, top-5 finishers, and many other categories, depending on the site with which you're betting.
To determine which drivers are likely to do well, it's important you use the past to guide you. The aforementioned Jimmie Johnson is a multiple winner of the Sprint Cup and is involved in the points chase almost yearly. Another great way to determine is to go with the teams. For instance, Hendrick Motorsports is always a great team to bet on, and features Dale, Jr., Johnson, Jeff Gordon, and Kasey Kahne. You also have teams like Joe Gibbs racing, with Kyle Busche, Carl Edwards, Matt Kenseth and Denny Hamlin.
By going with a strong team, you're looking at the core makeup of drivers – the strength of their pit crews, the quality of their cars, and their total body of work. Winning in today's NASCAR happens much like the Patriots in football; that is to say, it's dynastic and rarely do you get independent drivers coming out of nowhere to claim fame and glory. The most successful drivers in NASCAR are part of a well-oiled machine.
Who To Watch in the 2015 Daytona 500
While there might be a large handful of drivers to keep your eye on this year, let's narrow the field to a few. Let's start with Dale, Jr. What makes him the favorite? For one, his team has been absolutely tearing up the field for nearly a decade, and Dale is considered one of the most exciting restrictor plate drivers on his team. He's also very hungry for a Sprint Cup title, never having claimed one to date. The shadow of his father is vast, and Dale, Jr. is looking to break out and cast his own.
Jimmie Johnson is also a solid favorite for the race. The six-time champion won five in a row, and then was the last championship before last year's champ, Kevin Harvick, won the points race. Johnson has a remarkable knack for actually finishing races, which makes him habitually dangerous. Rounding out the field of drivers to watch, Carl Edwards is making some waves. As part of Gibbs' team, Edwards definitely has the materials at his disposal to run a good race, and many suggest that he's due to win the big one.
If you have a favorite driver, please feel free to place a bet on them. This is simply an overview of which drivers are the favorites to win. This is not written in stone, however, and any driver in the race can realistically win.