NASCAR is always a hot place to bet. You will find anybody and everybody betting as the bets, mainly of four types, are not difficult to understand. First is the Odds to Win bet. It's the easiest bet you can place. You pick a driver who you think will win. That's it. Of course you have the option to place a Field Bet. The driver on whom you place the bet, if he is not in the sports book, wins, you win! You can also Match Up and opt for the driver vs. driver bet.

The odds are placed like X +100 vs. Y -130. The '+' ensures two things; one, 'X' is the underdog. Two, the amount you got to bet to win $100. Winning ensures you get back the $100. The '-'signifies 'Y' is the favorite and how much you have to bet for a profit of $100. You get back $130 if 'Y' wins.

If you make a bet on the winner who you think will win the Nextel Cup, you are placing a Future Bet. All through the NASCAR season, you can bet on a driver based on his current performance. Before the season begins, you'll get good odds. Prop Bets are more exciting as you bet on the car brand that will win most races or the manufacturer who will shine at the Daytona 500. They are fun in case of bigger races as more bets get posted. Now you know what to bet for!