The 2022 NASCAR season is quickly approaching with the 64th running of the Daytona 500 scheduled for this Sunday, February 20. Denny Hamlin has won two of the last three Great American Races and three of the last six, so No. 11 is rightfully at the point in the Daytona 500 odds at +900.

2022 Daytona 500 Odds

Online sportsbook Bovada has released its Daytona 500 odds with Hamlin favored at +900. He is followed closely by Kyle Larson at +900, Ryan Blaney at +1000, Chase Elliott at +1100 and Joey Logano at +1400 to round out the top five drivers on the oddsboard.

Hamlin’s odds of +900 mean that if you had a $100 winning bet on him, you would profit $900. Also, our sports betting calculator tells us that his odds translate to an implied win probability of 10.53 percent.

Unfamiliar with betting on NASCAR? Be sure to check out our handy NASCAR betting guide to help you get in on the racing action.

Odds to Win the 2022 Daytona 500
Driver Odds
Denny Hamlin +900
Kyle Larson +900
Ryan Blaney +1000
Chase Elliott +1100
Joey Logano +1200
Brad Keselowski +1400
Kyle Busch +1500
William Byron +1500
Alex Bowman +1800
Austin Dillon +1800
Bubba Wallace +2000
Kevin Harvick +2000
Kurt Busch +2000
Martin Truex Jr. +2000
Aric Almirola +2200
Austin Cindric  +2500
Chris Buescher +2500
Christopher Bell +2500
Ricky Stenhouse Jr. +2500
Tyler Reddick +2500
Chase Briscoe +3000
Justin Haley +3500
Ross Chastain +3500
Harrison Burton +5000
Corey LaJoie +5500
Daniel Hemric +6000
Erik Jones +6000
Cole Custer  +6600
Daniel Suarez +6600
Michael McDowell +6600
David Ragan +7000
Greg Biffle +7500
Jacques Villeneuve +10000
Todd Gilliland +10000

Odds as of February 19 courtesy of Bovada

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Why Is Hamlin The Favorite In Daytona 500 Odds?

As mentioned off the top, Hamlin has won two of the last three Daytona 500s and three of the last six while also having a third-place finish over that span. In fact, over the last 16 runnings at Daytona, including the summer race, he has finished sixth or better 10 times, including seven podium finishes. In 32 career starts there, he has led at least one lap in 24 of them.

In last year’s Daytona 500, Hamlin finished fifth but led the most laps (98), which is the most laps he’s led in a single race at this track. There’s no reason to think he won’t once again be near the front when the checkered flag flies. 

Daytona 500 Betting Picks

The good thing about betting on the Daytona 500 is that there are long odds found across the oddsboard, including the favorite, Hamlin, at +900. The bad thing about betting on the Daytona 500 is twofold. To start, this is the first race of the year so there are a lot of unknowns, especially with a new car package being debuted in this race. Secondly, there is always “the big one,” when upwards of half the field can be wiped out in a single crash – dashing our hopes of a winning bet. 

Denny Hamlin +900: In most races, the betting favorite is +300 or so. With Hamlin’s tremendous success in the Great American Race recently, getting these odds is far too inviting not to play him.

William Byron +1500: Byron has wrecked in four of his eight career starts at Daytona, but he also has a victory and a second-place finish among the four races that he completed. He’s a risk/reward type of driver at this superspeedway but at +1400, I like the reward more than the risk.

Bubba Wallace +2000: This is the 10th running at Daytona for Bubba and he has three top-five performances already under his belt at this track, including two second-place finishes. In his last trip there, he finished second in the summer race, leading eight laps, which is seven more than his previous high at this track. I think Wallace is always worth a look at Daytona.

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