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Kyle Larson is favored in the NASCAR Cup Series Championship Race odds.

Hendrick Motorsports is off to a hot start in the 2022 season with back-to-back winners as the NASCAR Cup Series heads to Phoenix Raceway. The first of those winners was Kyle Larson and he is the betting chalk in the Ruoff Mortgage 500 odds.

Online sportsbook Bovada has listed the Ruoff Mortgage 500 odds with Larson set as the +400 favorite. He’s followed by Kyle Busch at +700, Martin Truex Jr. at +700, Chase Elliott at +800 and Denny Hamlin at +900 to round out the top five drivers on the oddsboard.

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Ruoff Mortgage 500 Odds: Phoenix Raceway

Odds To Win the Ruoff Mortgage 500
Driver Odds
Kyle Larson +400
Kyle Busch +700
Martin Truex Jr. +700
Chase Elliott +800
Denny Hamlin +900
Joey Logano +900
Ryan Blaney +1200
William Byron +1400
Alex Bowman +1800
Kevin Harvick +1800
Tyler Reddick +2200
Christopher Bell +2500
Aric Almirola +2800
Austin Cindric +4000
Brad Keselowski +4000
Kurt Busch +5000
Ross Chastain +5000
Austin Dillon +5500
Chase Briscoe +5500
Daniel Suarez +8000
Erik Jones +8000
Cole Custer +10000
Ricky Stenhouse Jr. +10000
A.J. Allmendinger +12500

Odds as of March 10 at Bovada

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Why Is Larson Favored In The Ruoff Mortgage 500 Odds?

It’s only fitting to have Kyle Larson as the favorite in the Ruoff Mortgage 500 odds as he was the chalk the last time NASCAR visited Phoenix in November. The race also was the season finale last year when Larson drove to victory lane and won his first championship.

The reigning champ is currently the favorite in the NASCAR Cup Series championship odds and already has a win under his belt early in the 2022 season. 

That win at Phoenix in November continued Larson’s streak of six straight top-10 finishes at this track but was his first career victory there. In total, nine of his 15 career starts at Phoenix Raceway have resulted in top-10 finishes. 

NASCAR Predictions This Week For Ruoff Mortgage 500

It’s pretty clear early in the season that Hendrick Motorsports drivers will be contenders all season just like last year and could be poised to win three straight Cup Series championships. It’s hard to bet against Larson but there’s plenty of value elsewhere. Without further ado, here are my three best bets for the Ruoff Mortgage 500.

Kyle Busch +700: A three-time winner at Phoenix, there’s plenty of value on Busch, who has top-10 finishes in 23 of his 33 career starts at this track. This season, he’s third among drivers in laps led and is coming off a fourth-place finish. He’s competitive and will be a true contender to win this weekend. 

Chase Elliott +800: Like Larson, Elliott won his championship in 2020 with a win at Phoenix Raceway, leading 153 of 312 laps. He has led 90 or more laps in four of his 12 career starts at this track and has eight top-10 finishes. If Larson is set as the favorite, his teammate at double the value is the wiser play and that’s the way I’m going.

Joey Logano +900: Logano has led 50 or more laps in four of the last five runnings at this track, including three podium finishes and a win over that span. He has two wins and seven top-five finishes over 26 career starts at Phoenix Raceway. This season, Logano has had some difficulties, with just one top-five finish, at Auto Club Speedway. Perhaps a track he has had some success at in the past is what he needs to kick-start his 2022 season.