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Should You Bet on Joey Logano to Win the 2020 Daytona 500?

By Jennifer Hassan in NASCAR
| February 12, 2020 6:30 am PDT
Should I bet on Joey Logano to Win the 2020 Daytona 500?

There are going to be 40 drivers on the field come Sunday, February 16th. Some of them have won the Daytona 500 before. Many of them are winners of previous NASCAR races. All of them work with crack teams, the best pit crews, and the support of a crowd of fans. But only one will win.

But will it be Joey Logano? And should you bet on him?

Each driver on the field has a chance to hit the checkered flag first, because the length of the Daytona Speedway and the high average speeds of this famous race combine to create all kinds of surprises.

Let’s look at whether betting on Joey Logano to win the 2020 Daytona 500 is a good strategy.

Logano’s Record vs. His Challenges

Logano’s record as a winner is undeniable. He’s won at Talladega, Daytona, and a host of other tracks. However, that edge may be tempered on Sunday by internal issues within the Penske team. If those issues can be quickly resolved, then Sunday may bring Logano another win at Daytona Speedway.

If the friction affects either Logano’s psychological state or even the willingness of team members to block the competition and clear space for their teammates, then he’ll lose his edge and gain a bit of a handicap.

Sunday will definitely test Logano’s mettle as a driver.

Anything Can Interrupt a Winning Run

There was the time Sterling Marlin was penalized for trying to pull his bumper off his wheel where it was rubbing and causing problems. Unfortunately, Marlin did this during a red flag, and he was penalized for working on his car during a danger/stop flag. His penalty propelled another driver into the win spot to take home the trophy.

And of course, many remember Richard Petty’s Hollywood-style crash in 1988 when he spun eight times along the fence. Plenty of people would have put their money on Petty to win, but Bobby Allison took the prize instead.

Which brings us to Joey Logano. This 29-year-old driver has a wealth of wins under his belt, from the Monster Energy Series and the NASCAR Spring All-Star Race to the Daytona 500. Yes, he’s won this mammoth race before.

He knows the track, and he knows he can beat the field. You can’t put a price on that level of confidence.

I take that back. Actually, you can put a price on that confidence booster. See the sportsbook odds below.

How the Sportsbooks See Logano’s Chances

As I write this, MyBookie has odds running at +900 for Joey Logano. If you place a $100 bet, you win $900 if he’s first to the finish line. In comparison, Brad Keselowski has odds at +1200, and Ricky Stenhouse at pole position is at +1800.

(It’s interesting to note that pole position drivers win the Daytona 500 11.6% of the time, and yet a Stenhouse win will still pay incredible odds.)

The odds could change and probably will up until the wager cut-off on Friday, February 14th, the only day some men are more frightened of than Friday the 13th.

Conclusion

Logano is the favorite to win the 2020 Daytona 500 at the top NASCAR betting sites, but there are a host of other top drivers in the field as well, from Logano’s own Team Penske teammates to the drivers of mighty Hendrick Motorsports and others.

Logano will be pitted against Jimmie Johnson, who ran a half marathon Sunday morning before racing in the Busch Clash in the afternoon. That’s an athlete. There’s also Denny Hamlin, Kyle Busch, and Chase Elliott to consider, as well as Keselowski and Stenhouse.

It will be a valiant fight at a grueling pace toward the flag, the purse, and the honor.

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