Matt Kenseth Odds to Win the 2016 Daytona 500

Matt Kenseth odds of winning the 2016 Daytona 500 were set at 10-1 odds.

Ad: Claim Hundreds of Dollars in Free Cash.  Bet Live In-Play Most Games.  Online Since 1997

The 2003 NASCAR Champion says he is happy with the first test of his backup car coming into Sunday’s big race.

"The group I was in today, I mean, we were actually going pretty fast," said Kenseth, a two-time Daytona 500 winner. "Our speed was pretty good for only having four or five of us. It seemed to handle OK.

"The track's obviously not as good today in the daytime, and it seemed to be all right. It's really hard to tell until everybody's in the race, they go through tech, they're all on the same agenda."

Fox Sports analysis of Kenseth was as follows:

Kenseth is the 2009 and 2012 Daytona 500 winner and a regular strong performer at this historic 2.5-mile superspeedway. The Joe Gibbs Racing star hopes to grab that third Daytona 500 trophy this weekend. He didn't lead any laps in the Great American Race last season, which was the rare exception, but he will be motivated to rebound in this Daytona 500. Kenseth has cracked the Top 10 at a 44-percent rate for his career, but last season was a departure from that consistency. However, if last Sunday's pole-qualifying is any indication, the No. 20 Toyota team are finding their speed again on these large ovals. With Kenseth's resume at Daytona, a fast race car will go a long way towards getting him that third-career Daytona 500 victory.

Scroll down for all of the 2016 Daytona 500 odds.

- Dan Shapiro, Gambling911.com