Odds 500 To 1
Fractional odds are some of the most simple to understand, as they present your potential winnings as a fraction of the money you stake: while the denominator represents the amount bet, the numerator is the amount your stake will yield in a winning bet. For example, odds of 1/1 mean you’d get a return of $20 for a winning $10 bet. American odds are a little trickier, as they operate using positive and negative odds. To convert positive odds to a decimal, divide the odds by 100 and then add 1. (+400/100) + 1 = 5.00. Converting American odds into fractional odds is simpler. Divide the odds by 100, and then reduce it to its simplest form, e.g., 400/100 is the same as 4. 2021 Daytona 500 odds Denny Hamlin 17-2. Chase Elliott 10-1. Joey Logano 11-1. Kyle Larson 11-1. Ryan Blaney 11-1. Brad Keselowski 12-1. William Byron 13-1.
May 20, 2020, Darlington, SC, USA; NASCAR Cup Series driver Kyle Busch (18) during the Toyota 500. Mandatory Credit: Brynn Anderson/Pool Photo via USA TODAY Network
The 2021 Daytona 500 will kick off a new NASCAR season on Sunday, when 40 drivers will try to make history with a win at the 63rd running of The Great American Race. Chase Elliott is only 25 years old, but he's made the NASCAR playoffs in each of his first five seasons, won 11 times in the last three years, and is coming off his first Cup championship. Now, he'll try to add a Daytona 500 crown to an already impressive resume when the green flag drops on NASCAR at Daytona 2021 at 2:30 p.m. ET.
Elliott is 12th in the 2021 Daytona 500 starting lineup and listed at 10-1 in the 2021 Daytona 500 odds from William Hill Sportsbook. Two-time defending Daytona 500 champion Denny Hamlin will have a little more work to do since he's starting in 25th, but his superspeedway prowess means he's the 17-2 favorite in the 2021 NASCAR at Daytona odds. Before you scour the 2021 Daytona 500 starting lineup and make your NASCAR at Daytona predictions for the Great American Race, be sure to see the latest 2021 Daytona 500 picks from SportsLine's proven projection model.
Developed by daily Fantasy pro and SportsLine predictive data engineer Mike McClure, this proprietary NASCAR prediction computer model simulates every race 10,000 times, taking into account factors such as track history and recent results.
The model began the 2020 season paying out big by picking Denny Hamlin to win his second consecutive Daytona 500 at 10-1. The model also called Kevin Harvick's win at Atlanta and nailed a whopping nine top-10 finishers in that race. McClure then used the model to lock in a 10-1 bet on Hamlin for his win at Miami.
At The Brickyard, the model called Harvick's fourth victory of the season. Then during the 2020 NASCAR Playoffs, the model nailed its picks in back-to-back races, calling Denny Hamlin to win at 17-2 at Talladega and Chase Elliott to win at 7-2 at the Charlotte Roval. Anybody who has followed it has seen huge returns.
Now, his model simulated the 2021 NASCAR at Daytona race 10,000 times. Head to SportsLine to see the complete projected leaderboard for the 2021 Daytona 500.
Top 2021 Daytona 500 predictions
One surprise: the model is high on Aric Almirola, even though he's a 16-1 long shot in the latest NASCAR at Daytona odds 2021 from William Hill. He's a target for anyone looking for a huge payday. Almirola's confidence should be soaring after a win in the first 2021 Bluegreen Vacations Duel at Daytona, which resulted in a second-row starting spot with inside position.
The 36-year-old has made the playoffs the last three seasons, while superspeedways have been the site of both of his NASCAR Cup Series victories. Almirola won the 2018 1000bulbs.com 500 at Talladega and the 2014 Coke Zero 400 at Daytona. Stewart-Haas Racing also has Kevin Harvick starting inside the top 10 (eighth), so look for Almirola and Harvick to link up early and climb the 2021 Daytona 500 leaderboard.
And a massive shocker: Chase Elliott, one of the top Vegas favorites at 10-1, stumbles big-time and doesn't even crack the top five. There are far better values in this loaded 2021 Daytona 500 lineup. The 2020 NASCAR Cup Series champion is 12th in the 2021 Daytona 500 starting grid.
Elliott finished second at Daytona last August, but that was his first career top-10 finish in 10 starts at the track. In fact, he'd never finished higher than 14th at this iconic venue, and he's finished 17th or worse in his last three Daytona 500s. His low odds, combined with his lack of success at Daytona, make him one of the drivers to fade at the Daytona 500 2021.
How to make 2021 NASCAR at Daytona picks
The model is also targeting three other drivers with NASCAR at Daytona odds of 13-1 or longer to make a serious run at winning it all. Anyone who backs these drivers could hit it big. You can see all the NASCAR picks over at SportsLine.
So who wins the 2021 Daytona 500? And which long shots stun NASCAR? Check out the latest 2021 Daytona 500 odds below and then visit SportsLine now to see the full projected 2021 Daytona 500 leaderboard, all from the model that nailed Hamlin's win last season.
2021 Daytona 500 odds
Denny Hamlin 17-2
Chase Elliott 10-1
Joey Logano 11-1
Kyle Larson 11-1
Ryan Blaney 11-1
Brad Keselowski 12-1
William Byron 13-1
Video: NASCAR drivers return for 63rd Daytona 500 (NBC Sports)
Kevin Harvick 13-1
Alex Bowman 13-1
Kyle Busch 14-1
Martin Truex Jr. 15-1
Aric Almirola 16-1
Kurt Busch 22-1
Bubba Wallace 22-1
Ricky Stenhouse Jr. 25-1
Christopher Bell 28-1
Austin Dillon 30-1
Ross Chastain 35-1
Matt DiBenedetto 35-1
Ryan Newman 40-1
Tyler Reddick 55-1
Cole Custer 60-1
500 To 1 Odds Payout Calculator
Austin Cindric 60-1
Jamie McMurray 60-1
Erik Jones 60-1
Chris Buescher 65-1
Chase Briscoe 70-1
Daniel Suarez 100-1
Michael McDowell 100-1
David Ragan 125-1
Corey Lajoie 125-1
Ryan Preece 200-1
Anthony Alfredo 250-1
Kaz Grala 250-1
BJ McLeod 1000-1
Cody Ware 1000-1
Quin Houff 1000-1
Joey Gase 1000-1
Josh Bilicki 1000-1
Derrike Cope 2000-1
Getting action on a game can add a thrill factor that is hard to find in any other aspect of life. Making some money while doing it, well, it doesn’t get much better than that. But what happens when you jump onto your favorite sportsbook and they bombard you with a series of numbers (odds) which are meant to represent the chances of your team winning, when all it really looks like is math on steroids!
If this is how you feel when your trying to place a wager, read on. The following is a simple guide on how to read sports odds and give yourself the best chance of taking home some cash.
What does +200 mean? +200 is a specific set of odds attached to a given sports event. These are in the form of ‘American’ odds’. The +200 represents the amount a bettor would win if they had wagered $100. A profit of $200 and a total payout of $300. Other types of odds are Decimal and Fractional.
What Types of Odds Do Sportsbooks Use?
Globally sportsbooks use one of three types of odds:
- American
- Fractional
- Decimal
There are positives and negatives in the use of all of them. One thing is for sure, if you are going to bet on sport, you will run into one of these odds formats and you NEED to know how to read, understand and eventually capitalise on them.
This article will focus heavily on American odds.
How to Read American Odds
The basis of American odds is that they reflect two different aspects to the bet:
- in the case of the underdog: how much money a gambler will win if they bet $100,
- in the case of the favorite: how much a gambler needs to bet to win $100.
Quite a big difference between the two, and definitely a little tricky to navigate at first.
The following is an example of the moneyline market using American Odds, which was offered by a sportsbook during the NBA playoffs
Note:As the Portland Trail Blazers are the home team they are listed second in this market. Interestingly in many international or offshore sports the home team is listed first. Perhaps in this case the home court advantage is what has led the sports books to install the Trail Blazers as the favoured team.
We can tell Portland has favoritism as the odds have a minus sign at the front. Any time a team has minus sign out front, the bettor knows they will be receiving less than a 2 – 1 payout figure. In fact in this case, to win $100 wagering on the Trail Blazers you would need to stake $128.
In this particular example, the Oklahoma City Thunder are the outsider or underdog as they have odds with a plus sign at the front (plus money). This means if you bet $100 on OKC then you would collect $105 profit, a total return of $205.
Clearly the bookmakers considered the game to be potentially close and therefore odds were reasonably tight. As it turned out the Trailblazers dominated the second half and ran out convincing winners 114 – 92. Moneyline bettors who took Portland, go to bed with a tidy profit. In actual fact the margin of victory is irrelevant as the Moneyline requires just one condition be met, a win.
How to Do the American Odds Math?
Despite the American odds looking confusing at first sight, the underlying math is not too difficult. Having said that it could be much more user friendly.
Another key point to remember is that American odds do not include the original stake in the calculation. They only reflect the profit from the wager. The original stake needs to be added to reflect the total payout or total return figure.
Referring back to the previous example the following math applies:
The issue with this way of reporting odds is that the bettor has to do more than one level of calculation themselves. While it’s all fairly straightforward it does affect the user experience negatively.
How are American Odds Different to Decimal Odds?
The decimal odds system, which is being increasingly used by sports bookmakers across the globe, removes the extra step of calculation required by the bettor when American Odds are in use. It is a much simpler method to offer odds on the identical market and immediately gives a total return or payout figure by using one simple multiplication.
The NBA example used earlier in the article using decimal odds would read as follows:
The payout calculation is where the ease of decimal odds is highlighted:
Underdog:
Favorite:
It is clear that the decimal method is a much simpler way for sport bettors to calculate their potential winnings than than the American odds system.
Another downside to using American odds is that they are almost unusable when working with parlay betting. A parlay or multiplier is where a bettor takes classic bet types and parlays several of these into one wager. In order to multiply the individual odds to create the parlay payout figure, the moneyline is first converted to decimal odds. Highlighting the extra step of math sportsbooks require bettors to do when they solely offer odds in the American format.
Odds 500 To 1000
It is hoped that one day soon most sports books will offer decimal odds instead of American odds. As legalized sports betting explodes in popularity across the US and more mobile sports betting platforms come online, it is hoped that at the very least, functionality to switch between types of odds is added to all betting apps. After all, sports betting is about entertainment, and user experience should be the number one focus from all corporate bookmakers.
How to Identify Sportsbook’s Margin When Using American Odds
Sportsbooks clearly need to make money to continue to operate and therefore it is understandable that they will take a cut along the way. Understanding when that cut is too large is critical in giving yourself the best chance of turning a profit.
When dealing with American odds on 50/50 markets like total points or point spread the margin is quite simple to recognise.
Odds 500 To 100
For example the market on an NBA game may be offering an over/under points total of +/-214.5 points.
In this market, without any bookmaker edge, the odds would read +100 for each option. That is a doubling of the bettors money based on the market essentially being a coin flip. $100 invested would return a profit of $100. Clearly this is not the case in reality. If you spot a market like this through a sportsbook promotion (a rare occasion), then load up!
The sportsbook is only offering -110 meaning a bettor would need to invest $110 to return a profit of $100. This equates to approximately a 4.5% margin (vig) for the book. To be profitable long term the bettor would have to correctly pick this market 53% of the time. A tall order.
Some books will offer a smaller vig, for example -108 but others will be less generous and wind their margin out to numbers like -112. These numbers are often seen in live betting markets due to the greater perceived risk the sportsbook take on with live markets.
It is best, as a rule, to avoid markets where the market is skewed too far in the favor of the book.
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Before you hit the confirm bet button on your mobile sportsbook make sure you are fully aware of what price you are actually buying. While American Odds can at times be confusing there is still an art to spotting and cashing in on value. Best of luck!
Good Luck and as always, gamble responsibly!