Daytona 500 Betting Guide: Denny Hamlin Favored To Win For Fourth Time

Written By Drew Ellis on February 16, 2022 - Last Updated on February 18, 2022
Cars race at Daytona 500

As the NFL goes quiet for a few months, NASCAR is set to jump in the spotlight this Sunday with the 64th running of the Daytona 500.

A pair of Michigan drivers are among those in contention to win the checkered flag. Six different drivers are looking for another Daytona 500 victory to add to their legacy.

For those Michigan sports bettors looking for a little more info on Sunday’s race, look no further.

How to watch the 2022 Daytona 500

  • What: The 2022 Daytona 500
  • When: Sunday, Feb. 20 at 2:30 p.m. ET
  • Where: Daytona International Speedway in Daytona Beach, FL
  • Distance: 500 miles, 200 laps
  • TV: FOX
  • Streaming: FOX Sports App
  • Satellite Radio: Sirius XM Channel 90

Hamlin once again Daytona 500 favorite

2022 Daytona 500 OddsBetMGMDraftKingsFanDuelPointsBetCaesarsBetRivers
Denny Hamlin+800+850+900+900+900+900
Chase Elliott+1000+1000+1200+1100+1000+1100
Kyle Larson+1000+1100+1300+1200+1000+1300
Joey Logano+1200+1200+1300+1300+1100+1200
Ryan Blaney+1200+1200+1200+1300+1200+1200

Similar to last year’s race, Denny Hamlin comes into the 2022 Daytona 500 as the favorite. Sportsbooks list him anywhere from +800 to +900 to win the race.

The 3-time winner finished fifth in his attempt to win three consecutive Daytona 500s last year. Hamlin could be just the third driver in NASCAR history to win four Daytona 500s. He would join Cole Yarborough (four) and Richard Petty (seven).

Among the other favorites in the race, all with varying odds depending on the sportsbook, are Chase Elliott, Kyle Larson, Joey Logano and Ryan Blaney.

Along with Hamlin and Logano, other former winners in the field include Austin Dillon (+2500 at BetMGM, Caesars and BetRivers), Kevin Harvick (+2000 at Caesars, PointsBet and BetRivers), Michael McDowell (+7000 at FanDuel and PointsBet) and Kurt Busch (+1900 at FanDuel).

$1,000 FIRST BET
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
Use Promo Code: MICH1000
Get Up to $1,000
In Second Chance Bets
Get up to $1,000 in Second Chance Bets
10 Bonus Bets up to $100 each
To Claim: Click Play Now
Bet $5
Get $200
In Bonus Bets
Up to $200 in Bonus Bets
Available on Desktop, Android & iOS  
To Claim: Click Play Now

Keselowski, Jones carrying Michigan banner

Michigan is likely to throw some extra support behind a pair of homegrown drivers on Sunday.

Brad Keselowski (Rochester Hills) and Erik Jones (Byron) are both in the hunt for their first Daytona 500 victory.

Keselowski has the better shot in the eyes of oddsmakers. He’s listed at +1600 by most sportsbooks. BetRivers lists him at the longest odds, +1800.

This will be Keselowski’s 13th attempt at winning the Daytona 500. He has struggled at this event, finishing outside the top 10 each of the past seven years.

Keselowski is making a big switch in 2022, as he left Team Penske Racing to join Roush Fenway Racing as a minority owner. He will be ditching the No. 2 to take over the No. 6 car this year. RFR has won the Daytona 500 twice in its history.

Jones is a much bigger longshot, with odds ranging from +5000 to +6000 (Caesars and PointsBet) to win. He is making his sixth Daytona 500 appearance on Sunday. Jones has finished outside the top 10 in five of his six appearances. His best showing was third in 2019.

Jones has just two NASCAR Cup Series wins in his career, but one came at Daytona in the 2018 Coke Zero 400.

How to bet on NASCAR

Auto racing betting can be more than simply picking a winner. You can find a lot of options for any race, including Sunday’s Daytona 500.

  • Outrights: Bet on a driver to win a certain race. Book the bet at currently posted moneyline odds. NASCAR outrights always offer positive odds, because there are no odds-on favorites to win. The number indicates how much you stand to win for every $100 you bet.
  • Driver matchups/groups: Bet on one driver against another or a group using moneyline odds. No need to pick winners here, just who will finish ahead in a head-to-head scenario.
  • Position Finishes: Not confident a driver will win, but finish in the top 5? You can bet up to a top 20 finish at some sportsbooks. The further back the finish, the shorter the odds and smaller the payout.
  • Futures Bets: Bets surrounding the outcome of the entire NASCAR Cup Series season. Pick who you think will win the championship playoffs at odds that are adjusted for new bets throughout the season.

Along with wagering on drivers in a race, sportsbooks will offer prop wagers based on number of caution flags, driver to lead the most laps, number of lead changes, manufacturer of winner, and more.

Risk-free wager at BetMGM Michigan

BetMGM Michigan is offering up a risk-free wager for Sunday’s race.

Opt-in to the promotion and place your bet on the Daytona 500. Receive your wager back if it loses, up to $25 in free bets.

Get Up to $1,500 Paid Back in Bonus Bets

If more promos are made available for the Daytona 500, check back here for a complete list throughout the week.

Photo by John Raoux / Associated Press
Drew Ellis Avatar
Written by
Drew Ellis

Drew Ellis is the Lead Writer of PlayMichigan, the No. 1 source for online gambling news in Michigan. A lifelong resident of the state, Ellis has been working in various forms of media since 1998, including more than a decade in the sports betting industry prior to transitioning into US casino markets in 2020.

View all posts by Drew Ellis
Privacy Policy