NASCAR Betting Cuts Race Purses

NASCAR betting begins a new season this month with Jimmie Johnson looking to win yet another Sprint Cup Championship.

While many who bet on NASCAR won’t notice anything, NASCAR has made a number of changes this season, including cutting the race purses by about 10 percent.

NASCAR betting will still see the same number of races on the board at the sportsbook.  The changes that NASCAR has made revolve around the cars and making races more exciting. They have also cut the money that will go to the teams.   NASCAR betting indicated that the change applies to all three of the series. "Last year we launched an industry-wide effort to help the sport manage budgets in this economy," NASCAR spokesman Ramsey Poston said, “NASCAR did the right thing to work with the tracks to reduce their costs in order to manage the economic realities.”

Those that bet on NASCAR will notice some different things this season from increased racing competition to a few changes to the cars.  NASCAR also is reducing ticket prices for the races and trying to make things more cost effective. "In return, the tracks have done a great job reducing ticket prices and enhancing the fan experience.” Poston said, “Likewise, we worked with the teams to contain costs, such as elimination of testing and other steps. This is consistent with how virtually every sport and business has adjusted to the economy over the past year."

NASCAR betting begins in earnest with the Daytona 500 in a couple of weeks.  Daytona (ISC) announced recently that their revenues fell 11.8 percent from 2008 to 2009. Speedway Motorsports, Inc., owner of Charlotte Motor Speedway and seven other major tracks reported a drop in revenue as well.  Those that bet on NASCAR may notice that what was not said is that both of the companies still made money last year so NASCAR tracks are not hurting as much as some other areas of the sport.

NASCAR betting odds are on the board for the Daytona 500 with Kyle Busch as the favorite.  Those that bet on NASCAR know that Daytona is unpredictable and a restrictor plate race so anything can happen and that is why Jimmie Johnson is not the favorite in NASCAR betting. He is listed as one of the main contenders though in NASCAR betting along with Tony Stewart, Kurt Busch, Mark Martin, Jeff Gordon, Denny Hamlin and Dale Earnhardt Jr.