If you’re placing bets on NASCAR, you need to know exactly what to look for. There are a lot of subtle aspects to driver performance that you need to understand thoroughly, or else you risk making a major mistake that could cost you your wager.
In the sections below, we will explain exactly what you should be looking for so that you can optimize your winning chances. Remember that it might take time to hone a personal strategy for yourself.
Take advantage of free bets
Before we get started with analytical tools, we should emphasize the importance of taking advantage of free bets. Free bets are bets that are made without risk to a stake being deducted from a bettor’s account balance. They are considered a safe way to place bets without the risk of losing money. Many bookies will offer free bets as an incentive to sign up with their service.
To learn how to maximize your free bets, you should familiarize yourself with some basic principles. Experts recommend placing free bets on a heavy underdog while hedging your bet on a favorite. The underdog should be a potentially profitable bet. This helps to minimize the possibility of losses, and ensures that your free bet win will be a total one.
It’s best to look around for different free bets and compare offers so that you can find the most favorable one for yourself.
It all comes down to KPIs
The biggest thing you need to remember in the logic of betting is that you should establish firm KPIs for yourself. These should be based upon thorough data analysis involving several key factors in driver performance:
- Fuel usage. One of the most important things to look for is the fuel usage of any given driver. Tracking fuel consumption can lead to a greater understanding of a driver’s overall performance.
- Idling time. Every driver has a distinct idling time. The amount of idling time indicates the degree of inefficiency that a driver has, and how much fuel he wastes.
- Accelerating versus braking. The amount of braking versus accelerating that a given driver uses can have a bearing upon his fuel consumption levels.
- Route adherence. Drivers are expected to follow very specific routes. If they go off course, this is considered a weakness and a deterrent to driver performance.
How to use data most effectively
As mentioned above, the correct use of data is key in making effective bets. We recommend using the following tactics with regard to data analysis:
- Use driver scorecards. Driver scorecards help track many of the features mentioned above, including:
- Speeding
- Overly harsh accelerating and braking
- Route adherence
- Fuel efficiency
- Compliance with safety rules
- Fuel efficiency
- Near-collisions
- Use telematics data. Telematics data encompasses a range of indicators that can provide insight into driver performance. It includes GPS location, speed, fuel usage, engine diagnostics, and more. It is collected through black boxes that are installed in vehicles.
How to optimize betting strategies
Now that we’ve laid out the primary KPIs and tools for analysis that you should use, we will provide tips on how to optimize your betting strategies. Here are some suggestions:
- Use in-play betting. In-play betting involves the use of live statistics and information about driver performance that becomes available in real-time to make more accurate bets. Thanks to the increased availability of AI-driven programs, real-time data is available that can help keep bettors informed on a second-by-second basis. For a sport like NASCAR, in-play betting is helping keep people engaged throughout entire races.
- Analyze drivers’ historical driving patterns. While current performance is important, there is perhaps no better indicator of a driver’s odds than how he has performed historically. New data analysis programs do an excellent job of evaluating historical driving performance on a granular level.
- Track analysis. You can also analyze the actual tracks used in races. The condition of any given track will impact every driver’s performance to some extent, and different drivers adjust to road conditions in their own ways.
- Watch individual car performance. Telemetry systems can also track the cars themselves using wireless data transmission systems. Just as the driver can impact the car, so too can a car’s condition affect how the driver handles it. This can include things such as tire pressure, overall engine performance, fuel consumption, etc.
Keep analyzing, and you will improve
Like many other things in life, the ability to make accurate bets comes down to practice. Work on developing a strategy based upon the indicators and methods mentioned above. Be sure to adjust it as you go along, and keep an eye out for changes that could influence the odds. You will surely get better with time.
