Daytona 500 Action Report: Big Money Down on Denny Hamlin

After winning the previous two Daytona 500s, Denny Hamlin is the betting favorite once again for the 2021 edition of the Daytona 500.

Last Updated: Feb 9, 2021 10:53 AM ET
Denny Hamlin NASCAR
Photo By - USA TODAY Sports

The 2021 NASCAR betting season hasn't even started yet, but the betting boards now have Daytona 500 odds. While NASCAR will hold three events – two of which are at Daytona International Speedway – prior to this race, this will serve as the first full-length event on the Cup schedule this season.

Here are the current NASCAR 500 odds for the 63rd running of the Daytona 500, with the green flag set to drop at 2:30 p.m. ET Sunday. 

Who is the Favorite to Win the Daytona 500?

Denny Hamlin is looking for his third consecutive – and fourth overall – Daytona 500 victory, so it's no surprise he's the betting favorite at +850 at William Hill US. Hamlin finished fourth in the Cup Series standings last season with 5,033 points, logging seven victories and advancing through the playoffs as one of the four remaining drivers in the Season Finale 500.

Last year's NASCAR Cup Championship winner, Chase Elliott, is second at +1,000. William Hill US's co-third choices at +1,200 are: Joey Logano, who finished third in the standings last season; Ryan Blaney, who lost in overtime by 0.014 seconds to Hamlin at last year's Daytona 500; and Brad Keselowski, who was second in the Cup standings last year.

Daytona 500 Odds

Driver Odds to Win (Feb. 14)
Denny Hamlin +725
Chase Elliott +1,000
Joey Logano +1,100
Ryan Blaney +1,100
Kyle Busch +1,300
Brad Keselowski +1,300
Kevin Harvick +1,400
Kyle Larson +1,500
Aric Almirola +1,600
William Byron +1,600
Martin Truex Jr. +1,800
Bubba Wallace +1,800
Alex Bowman +2,000
Ricky Stenhouse +2,200
Austin Dillon +2,500
Kurt Busch +2,500
Christopher Bell +3,000
Ross Chastain +3,300
Matt DiBenedetto +4,000
Ryan Newman +4,000
Tyler Reddick +5,000
Chris Buescher +5,000
Erik Jones +5,000
Cole Custer +6,000
Chase Briscoe +6,000
Michael McDowell +7,000
Austin Cindric +7,000
Daniel Suarez +8,000
Jamie McMurray +8,000
Ryan Preece +9,000
Corey LaJoie +10,000
David Ragan +12,500
BJ McLeod +25,000
Kaz Grala +25,000
Anthony Alfredo +25,000
Quin Houff +30,000
Joey Gase +50,000
Cody Ware +50,000
Josh Bilicki +50,000
Derrike Cope +50,000

Odds courtesy of PointsBet USA

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Daytona 500 sharp money and line movement report

By Patrick Everson

UPDATE 2:15 P.M. ET SUNDAY: Shortly before go time at Daytona, +700 favorite Denny Hamlin is taking the most tickets and most money at BetMGM Nevada, though he wouldn't necessarily be a bad outcome. The book is rooting against Kyle Larson (+1,600), Kevin Harvick (+1,200) and Ryan Newman (+4,000), who survived a harrowing crash late in last year's Daytona 500. Good outcomes for BetMGM Nevada include Ryan Blaney (+1,100), Joey Logano (+900) and Kurt Busch (+2,000). And interestingly, Kyle Busch (+1,400) is getting a ton of tickets, but not a lot of corresponding money.

Where Does the Daytona 500 Take Place?

The Daytona 500 takes place at the iconic Daytona International Speedway, a 2.5-mile tri-oval asphalt surface track. Opened in 1959, Daytona still plays host to a handful of NASCAR Cup Series events.

Past Winners of the Daytona 500

Year Winner Runner-Up
2020 Denny Hamlin Ryan Blaney
2019 Denny Hamlin Kyle Bush
2018 Austin Dillon Bubba Wallace
2017 Kurt Busch Ryan Blaney
2016 Denny Hamlin Martin Truex Jr.
2015 Joey Logano Kevin Harvick
2014 Dale Earnhardt Jr. Denny Hamlin
2013 Jimmie Johnson Dale Earnhardt Jr.
2012 Matt Kenseth Dale Earnhardt Jr.
2011 Trevor Bayne Carl Edwards

How to Bet on NASCAR

The most popular way to bet on NASCAR is by simply picking the winner of a race, which is also referred to as an outright. There are plenty of other ways to wager, including betting on whether or not a driver will finish in the Top 3 or Top 10 of a race.

Another popular betting option is head-to-head matchup betting, where sportsbooks pair up two drivers and you choose who you think will finish better in the race, which is far easier than trying to select someone to win out of a field of approximately 40 drivers. For tips on NASCAR betting check out our How to bet NASCAR page.

Where Can I Bet on Daytona 500 odds?

With the growing popularity of NASCAR betting, most online sportsbooks and casinos offer odds for the races on the NASCAR Cup Series circuit. Check out your betting options at the best sportsbooks available where you live. 

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